211 & 211 1/2 E Stephenson St, Freeport IL | 211 1/2 E Stephenson St
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211 & 211 1/2 E Stephenson St, Freeport IL 211 1/2 E Stephenson St
5 Unit Block of Flats £131,853 (£26,371/Unit) Freeport, IL 61032
Investment Highlights
- In Enterprise Zone
- Mixed Use Property
- Downtown Location
Executive Summary
Opportunity for a multi-use property within the downtown area of Freeport within Enterprise Zone. Being listed as the address of 211 E Stephenson St, 211 1/2 E Stephenson St is also part of this building and sale. 211 is a large commercial office with multiple separated spaces; a bathroom with sink and toilet, a kitchenette, rear exit door, unfinished basement, high ceilings, and excellent visibility on Stephenson Street. Tenant responsible for all utilities in their unit (gas, water, electric), as designated on current lease. 211 1/2 consists of four 1 bedroom/1 bath apartment units; two on the second floor, and two on the third floor. Each unit has their own furnace (gas forced air), and gas and electric meter. Tenants are responsible for their own gas and electricity utilities as designated on current leases. Owner is responsibly for water/sewer/garbage utilities, and the common hallway electric. Some updates to the apartments include new water heaters for Unit 3 and 4 in 2021 and 2022, and a new furnace for Unit 3 in 2018. The city of Freeport has a 24-hour parking lot diagonally across of Stephenson Street from this building for patrons and tenants to utilize; street parking also available. All units are occupied and current at this time. Financial information can be shared at request, and with permission of owner. Will require 48 hours notice and approval to show; Owner and/or Listing Agent to be present for showings unless otherwise stated at time of scheduling. Photos shown of the exterior of the building are current. Photos of units were taken prior to tenancies. Buyer to verify all information, details and measurements. Owner/Seller is an Illinois Licensed Leasing Agent, and property manager.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Net Operating Income | - | - |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | - |
Annual Per SF | - |
Property Facts
Unit Mix Information
Description | No. Units | Avg. Rent.Mo | SF |
---|---|---|---|
1+1 | 4 | - | - |
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Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
Parcel Number | 18-14-31-215-002 | Improvements Assessment | £4,447 |
Land Assessment | £1,197 | Total Assessment | £5,644 |
PROPERTY TAXES
Parcel Number
18-14-31-215-002
Land Assessment
£1,197
Improvements Assessment
£4,447
Total Assessment
£5,644
zoning
Zoning Code | B-2-2 (Limited Service Business Ditrict) |
B-2-2 (Limited Service Business Ditrict) |
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211 & 211 1/2 E Stephenson St, Freeport IL | 211 1/2 E Stephenson St
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