$36,970
SOLD JAN 26, 2022

1101 S Galena Ave Freeport, IL 61032

-- Bed
-- Bath
2,232 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$17 Per Sq Ft

15% Below List Price

15 Days on Market

Highlights

  • Fenced Yard
  • Forced Air Heating System
  • Wood Siding

About This Home

As of May 2025

Spacious multi- unit, two 2 Bedroom apartments, one on main and one upper. Additional decommissioned unit in the basement that you could renovate if you wish. Garage is also rented. Priced on 22.5% pro forma return.

Last Agent to Sell the Property

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 12/16/2021

Last Buyer's Agent

Brian Borchardt

A-1 AGENCY License #471004534 Listed on: 12/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $482

Lot Details

  • Fenced Yard

Parking

  • 4 Car Parking Spaces

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Schools

  • Freeport 145 Elementary And Middle School
  • Freeport 145 High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 3 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$482

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Oven
  • Class: MULTIFAMILY
  • Estimated Above Grade Sq Ft: 908
  • Estimated Below Grade Finished Sq Ft: 494
  • Front: 140
  • General Features: Fenced Yard, Laundry in Unit
  • Grid: Freeport
  • Legal Description: PT LOT 7 HILL'S SUB
  • Lvt Date: 12/16/2021
  • Rear: 140
  • Side 1: 95
  • Side 2: 95
  • Style: 2 Story
  • Type: 3 - 4 Units
  • Annual Insurance Expense: 500
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 2
  • Number Of Units In Bldg: 3
  • Potential Income: 9758
  • Agent Only_ L A1 User Code: F_5
  • Elementary School: Freeport 145
  • Estimated Total Finished Sq Ft: 2232
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Spacious multi- unit, two 2 Bedroom apartments, one on main and one upper. Additional decommissioned unit in the basement that you could renovate if you wish. Garage is also rented. Priced on 22.5% pro forma return.
  • Designated Managing Broker Y N: Yes
  • Potential Annual Expenses: 982
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 1738
  • L O1 Brokerage Number: 478026897
  • S O1 Brokerage Number: 478026897
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Full
  • Price Per Sq Ft: 16.56
  • Basement: Yes

Exterior Features

  • Exterior: Wood
  • Roof: Shingle

Garage/Parking

  • Total Numberof Parking Spaces: 4

Utilities

  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Gas
  • Separate Utilities: Yes

Schools

  • School District: Freeport 145
  • Elementary School: Freeport 145
  • Middle School: Freeport 145
  • High School: Freeport 145

Tax Info

  • Year: 2020
  • Taxes: 482

MLS Schools

  • HighSchool: Freeport 145
  • School District: Freeport 145
  • Middle School: Freeport 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Jun 2, 2023
Sold by
Ar Avid Homes Llc
Bought by
Quarzenski Jason
Seller's Agent
Ashley Heilman
Welcome Home NW Illinois, Inc.
Buyer's Agent
Faye Heilman
WELCOME HOME NW ILLINOIS, INC.
List Price
$58,000
Sold Price
$40,000
Premium/Discount to List
-$18,000
-31.03%
Views
131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
36.31%

Purchase Details

Listed on
Dec 16, 2021
Closed on
Jan 27, 2022
Sold by
Tess Properties Llc
Bought by
Ar Avid Homes Llc
Seller's Agent
Brian Borchardt
A-1 AGENCY
Buyer's Agent
Brian Borchardt
A-1 AGENCY
List Price
$43,369
Sold Price
$36,970
Premium/Discount to List
-$6,399
-14.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.05%

Purchase Details

Closed on
Jan 9, 2009
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $38,500 --
Deed $36,970 --
Warranty Deed $22,604 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 For Rent $900 0.0% --
05/12/2025 05/12/25 Sold $54,000 -10.0% --
04/29/2025 04/29/25 Pending -- -- --
04/18/2025 04/18/25 Price Changed $60,000 +7.1% --
04/17/2025 04/17/25 For Sale $56,000 +40.0% --
05/30/2023 05/30/23 Sold $40,000 -7.0% $23 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $43,000 -10.4% $25 / Sq Ft
03/05/2023 03/05/23 Price Changed $48,000 -17.2% $28 / Sq Ft
01/30/2023 01/30/23 For Sale $58,000 +56.9% $33 / Sq Ft
01/26/2022 01/26/22 Sold $36,970 -14.8% $17 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
12/16/2021 12/16/21 For Sale $43,369 -- $19 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,368 $12,215 $419 $11,796
2023 $1,468 $11,543 $432 $11,111
2022 $1,100 $8,860 $432 $8,428
2021 $484 $3,698 $419 $3,279
2020 $481 $3,698 $419 $3,279
2019 $497 $3,771 $419 $3,352
2018 $485 $3,673 $419 $3,254
2017 $476 $3,605 $419 $3,186
2016 $476 $3,645 $419 $3,226
2015 $625 $4,851 $417 $4,434
2013 $781 $6,535 $440 $6,095
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202108130

NorthWest Illinois Alliance of REALTORS®

APN: 18-14-31-479-013