Seller's Agent in 2026
Brian Borchardt
A-1 AGENCY
(815) 238-2015
228 in this area
377 Total Sales
24 S Galena Ave Freeport, IL 61032
Studio
--
Bath
11,808
Sq Ft
1869
Built
Highlights
- Deck
- Central Air
- Hot Water Heating System
- Brick or Stone Mason
About This Home
As of March 2026Prime 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 apartments—plus 1 street-level commercial space, providing diverse income streams and long-term value. Property Highlights: Total Units: 15 (14 Residential + 1 Commercial) Location: Centrally located in downtown Freeport – close to dining, retail, and public amenities Unit Mix: A combination of efficiency and 1-bedroom units – high demand among students, professionals, and downtown workers Commercial Space: Ideal for retail, office, or service use – strong foot traffic and visibility Condition: Solid, well-maintained structure with updated systems and appealing curb appeal Pro Forma Return: 11% projected annual return based on current market rents and realistic expense assumptions
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,966
Year Built
- Built in 1869
Home Design
- Brick or Stone Mason
- Rubber Roof
- Concrete Siding
Interior Spaces
- 11,808 Sq Ft Home
- 3-Story Property
- Basement
Kitchen
- Stove
- Range
Outdoor Features
- Deck
Schools
- Freeport 145 Elementary And Middle School
- Freeport 145 High School
Utilities
- Central Air
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Gas
- Separate Meters
- Gas Water Heater
Community Details
- 15 Units
- 4-Story Building
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/06/2026 03/06/26 | Sold | $799,900 | 0.0% | $68 / Sq Ft |
| 01/11/2026 01/11/26 | Pending | -- | -- | -- |
| 11/12/2025 11/12/25 | For Sale | $799,900 | 0.0% | $68 / Sq Ft |
| 10/10/2025 10/10/25 | Pending | -- | -- | -- |
| 06/18/2025 06/18/25 | For Sale | $799,900 | -- | $68 / Sq Ft |
Source: NorthWest Illinois Alliance of REALTORS®
Agents Affiliated with this Home
-
Brian Borchardt
Map
Source: NorthWest Illinois Alliance of REALTORS®
MLS Number: 202503314
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