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Listed by Diane Dowdof Dickerson & Nieman Realtors - Rockford
$ 135,000
Est. payment /mo
Active
55-57 Greenfield Drive Freeport, IL 61032
3 Beds
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Two to Four Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12500413
Bedrooms 3
Year Built 1970
Annual Tax Amount $3,357
Tax Year 2024
Lot Dimensions 75x96x172x180
Property Sub-Type Two to Four Units
Property Description
Discover this charming duplex investment opportunity that delivers steady rental income. This 3-bedroom, 1-bathroom property features an up-and-down floor plan that maximizes space and privacy for tenants. Built in 1970, this 1.5-story garden-style apartment building sits proudly on a generous third-of-an-acre lot, offering plenty of room for outdoor activities and parking. Currently generating $1,300 monthly from both units at $650 each. The thoughtful duplex design ensures each unit maintains its independence while sharing the benefits of a well-maintained building. The spacious lot provides excellent curb appeal and potential for future improvements or simply enjoying the extra space. The garden-style architecture offers single-story living comfort with the efficiency of multi-unit ownership. Each unit provides comfortable living space with practical layouts that tenants appreciate. The established rental rates demonstrate market acceptance and provide immediate cash flow for savvy investors.
Location
State IL
County Stephenson
Rooms
Basement None
Interior
Heating Natural Gas
Fireplace N
Exterior
Garage Spaces 2.0
View Y/N true
Building
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
New Construction false
Schools
School District 145, 145, 145
Others
Ownership Fee Simple
Special Listing Condition None
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