Freeport, IL Multifamily Homes & Duplexes for Sale

/32
$799,900
- Studio
- 11,808 Sq Ft
24 S Galena Ave, Freeport, IL 61032

Prime Downtown Freeport Investment Opportunity – 14 Residential Units + 1 Commercial Space | 11% Pro Forma Return Located in the heart of historic downtown Freeport, IL, this mixed-use building offers an outstanding opportunity for investors seeking strong, stable cash flow in a revitalizing urban core. The property includes 14 residential units—a mix of efficiencies and 1-bedroom

Brian Borchardt

A-1 AGENCY

(779) 237-3713

24 S Galena Ave, Freeport, IL 61032
/15
$75,000
- Studio
- 2,292 Sq Ft
720 S Carroll Ave, Freeport, IL 61032

Two flat each with 2 bedrooms and 1 full bath, over 1,140 square feet each unit plus with off street parking. Look at these room sizes. Main floor living room is 16' x 13', formal dining room 14' x 13'. Upstairs living room is 25' x 13', formal dining room is 14' x 12'. Lots of original hardwood floors. All utilities currently included in rent. Electric metered separately. Gas 1 meter and

Aubra Palermo

Re/Max Property Source

(815) 297-1778

720 S Carroll Ave, Freeport, IL 61032
/11
$125,000
- Studio
- 1,874 Sq Ft
302 E Prospect Terrace, Freeport, IL 61032

Great investment opportunity! This well-maintained duplex features a 2 bed/1 bath unit on the first floor and a 1 bed/1 bath unit on the second floor. Perfect for investors or owner-occupants looking to live in one unit and rent the other. Recent updates include new siding and updated gutters (2022). Roof is in good condition. Don’t miss your chance to make this property yours today!

Viridiana Moreno Realty of America, LLC

302 E Prospect Terrace, Freeport, IL 61032
/22
$150,000
- 7 Beds
- 3 Baths
321-323 W Clark St, Freeport, IL 61032

This well maintained triplex Available for purchase individually or as part of a larger portfolio of single family, duplexes and triplexes.

Misael Chacon Beycome brokerage realty LLC

321-323 W Clark St, Freeport, IL 61032
/14
$200,000
- 6 Beds
- 3 Baths
921-923 S Galena Ave, Freeport, IL 61032

Start the year off with a real sense of financial security. This well-maintained Triplex (3 Units) Available for purchase individually or as part of a larger portfolio of single-family homes, duplexes, and triplexes.

Misael Chacon Beycome brokerage realty LLC

921-923 S Galena Ave, Freeport, IL 61032
/10
$125,000
- 4 Beds
- 4 Baths
107-109 E Frank St, Freeport, IL 61032

This well maintained duplex Available for purchase individually or as part of a larger portfolio of single family homes, duplexes and triplexes.

Misael Chacon Beycome brokerage realty LLC

107-109 E Frank St, Freeport, IL 61032
/11
$125,000
- 3 Beds
- 2 Baths
1258 S Galena Ave, Freeport, IL 61032

This well maintained duplex Available for purchase individually or as part of a larger portfolio of single family homes, duplexes and triplexes.

Misael Chacon Beycome brokerage realty LLC

1258 S Galena Ave, Freeport, IL 61032
/9
$125,000
- 4 Beds
- 3 Baths
317 S Walnut Ave, Freeport, IL 61032

317 S Walnut Ave, Freeport, IL 61032

Misael Chacon Beycome brokerage realty LLC

317 S Walnut Ave, Freeport, IL 61032
/8
$100,000
- 3 Beds
- 1 Bath
328 W Carpenter St, Freeport, IL 61032

This well maintained duplex 328 W Carpenter St 317 N Cherry Ave 550

Misael Chacon Beycome brokerage realty LLC

328 W Carpenter St, Freeport, IL 61032
/32
$119,900
- Studio
- 2,710 Sq Ft
1110 S Oak Ave, Freeport, IL 61032

This duplex has been rehabbed almost totally--new roof and membrane, all new plumbing, new circuit breaker electric, all new floors, carpet, new bathrooms and new kitchen downstairs, new drywall thruout house, new paint, and new main floor laundry. There are 3 porches, one is enclosed. Downstairs stove was new in November of 2024, the refrigerator new 2 years ago, and another in the garage. The

KAREN SENIOR Wingert Real Estate LLC

1110 S Oak Ave, Freeport, IL 61032
/19
$219,000
- 8 Beds
- 4 Baths
609-611 W Cottonwood St, Freeport, IL 61032

This large 4-unit apartment building is a great investment property! Fully rented with long-term tenants. Many recent updates. Rental income is over 26,000 annually! Tenants pay ALL utilities. Profit and loss statement available upon request. Interior photos were taken between tenants. All 4 units are currently occupied.

Misael Chacon Beycome brokerage realty LLC

609-611 W Cottonwood St, Freeport, IL 61032
/16
$60,000
- 4 Beds
- 2 Baths
603 1/2 S Walnut Ave, Freeport, IL 61032

Investment opportunity! This multi-unit building features two spacious 2-bedroom, 1-bathroom apartments. Each unit offers comfortable living with separate utilities for easy tenant management. Ideal for investors seeking stable rental income. Motivated seller!!!

Diana Nufio RE/MAX MI CASA

603 1/2 S Walnut Ave, Freeport, IL 61032
/11
$150,000
- 4 Beds
- 2 Baths
821-823 S Carrol Ave, Freeport, IL 61032

Cash Flow Machine! Start the year off with a real sense of financial security. This well maintained duplex with performing tenants on long term leases is available with full financial records. Total rents are $2,350 a month. A larger portfolio with additional single family, duplexes and triplexes is available.

Misael Chacon Beycome brokerage realty LLC

821-823 S Carrol Ave, Freeport, IL 61032

Illinois Freeport

Why Live in Freeport

Freeport, Illinois, known as "Pretzel City," is a small city with a rich history and a population of approximately 23,000. The city has faced economic challenges, particularly with the decline of manufacturing industries, but remains home to significant employers like The Helm Group, The Morse Group, FHN Hospital, and Freeport School District No. 145. Freeport's historical significance is highlighted by the Lincoln-Douglas Debate Square, commemorating the 1858 Senate debate between Abraham Lincoln and Stephen A. Douglas. Attractions include Little Cubs Field, a replica of Wrigley Field, and Krape Park, featuring a vintage carousel and a waterfall. The city also boasts two public golf courses, Park Hills and The Freeport Club. Freeport's downtown area is undergoing revitalization efforts, with events like Pretzel City Brewfest and Music on Chicago concerts contributing to the lively atmosphere. The Lindo Theatre, a historic landmark, remains a downtown gem. Despite some economic uncertainties, Freeport offers affordable housing options, with median home prices around $120,000 and move-in ready bungalows and Craftsman homes starting at $50,000. However, the west side of Freeport has experienced flooding issues, impacting home prices in that area. U.S. Route 20 and Illinois Route 26 provide access to nearby cities, with Chicago O’Hare International Airport located 100 miles away.

Learn more about living in Freeport

Home Trends in Freeport, IL

On average, homes in Freeport, IL sell after 61 days on the market compared to the national average of 70 days. The median sale price for homes in Freeport, IL over the last 12 months is $99,900, up 54% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$99,900

Median Single Family Sale Price

$399,000

Median 2 Bedroom Sale Price

$126,500

Average Price Per Sq Ft

$103

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

0.40

Median List Price

$135,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

54%

How to Buy a Home How to Finance a Home How to Sell a Home

In Freeport, there are currently 13 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $60,000 to $799,900, there's a range to accomodate every budget. As of July, 2025 the median home price in Freeport is $135,000, while the average sale price is $116,760, offering insights into the local housing market. On average, multi-family homes spend 61 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Freeport, IL.

Freeport Types of Homes for Sale

More About Living in Freeport

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Byron Homes for Sale

Homes in Nearby Counties

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