302 N Railroad St Freeburg, IL 62243
Estimated payment $917/month
Highlights
- 0.76 Acre Lot
- No HOA
- Forced Air Heating and Cooling System
- Freeburg Elementary School Rated A-
- 1-Story Property
- Level Lot
About This Home
GREAT INVESTMENT OPPORTUNITY. AS-IS - Seller will not make any repairs and inspection waiver must be part of the contract. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 2 mobile homes (304 and 310 N. Railroad) are included with this sale (older home currently rented for $490/m including the lot). Second mobile home has been significantly damaged by last owner and title was released by the court to the seller. The seller is willing to remove this unit with a full price offer or leave the unit (buyer's choice) and take $125,000. 3 lots rent for $210 per month and one currently is at $200. Those four lots have owner occupied mobile homes. All tenants are current with the exception of one, that is always behind 1 month, but always pays. Current annual income with four leased lots and one rented trailer is $15,840. Seller holds the belief that lot rental is below market value and may be increased. All current leases are month to month. Seller is currently paying approximately $500 per year for insurance. Taxes 2024 were $3097 per year. Each tenant mows their own lawn and pays their own utilities. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a low maintenance property. If damaged trailer is removed, it can be replaced by buyer. Great ROI. Manufacture dates of mobile homes are unknown at this time, as are room sizes. Rent ledger is available. Seller will attempt to answer all questions.
Property Details
Home Type
- Manufactured Home
Est. Annual Taxes
- $2,903
Year Built
- Built in 1980
Lot Details
- 0.76 Acre Lot
- Level Lot
- Cleared Lot
Parking
- Driveway
Home Design
- Metal Siding
Interior Spaces
- 800 Sq Ft Home
- 1-Story Property
Schools
- Freeburg Dist 70 Elementary And Middle School
- Freeburg High School
Mobile Home
Utilities
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 14-19.0-410-018
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,097 | $37,040 | $30,585 | $6,455 |
| 2023 | $3,032 | $35,749 | $29,519 | $6,230 |
| 2022 | $2,903 | $33,498 | $27,660 | $5,838 |
| 2021 | $2,812 | $31,536 | $26,040 | $5,496 |
| 2020 | $2,681 | $28,690 | $23,690 | $5,000 |
| 2019 | $2,496 | $27,803 | $24,486 | $3,317 |
| 2018 | $2,455 | $27,435 | $24,162 | $3,273 |
| 2017 | $2,348 | $26,231 | $23,101 | $3,130 |
| 2016 | $2,320 | $25,140 | $22,140 | $3,000 |
| 2014 | $2,112 | $25,797 | $22,719 | $3,078 |
| 2013 | $2,064 | $25,567 | $22,516 | $3,051 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | For Sale | $128,000 | -- | $160 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | Fatic | |
| Warranty Deed | $82,000 | Metro East Title | |
| Warranty Deed | $70,000 | Metro East Title Corp |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $72,000 | Commercial | |
| Previous Owner | $73,746 | Commercial | |
| Previous Owner | $70,000 | Commercial |
Source: MARIS MLS
MLS Number: MIS25067685
APN: 14-19.0-410-018
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