211 E Stephenson, Freeport, IL

Name: 211 E Stephenson, For Sale in Freeport - eXp Realty
Brand: A-1 AGENCY
SKU: 202602154
Price: 120000 USD

House

For Sale

Listed price in listed location currency (USD).

$120,000

009

MLS® 202602154

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 5040 sqft

Garage

Taxes $850

Days Active 0

Lot Size

Approx. Age 1892

Avg. Price Per Sqft $23

MLS® Number 202602154

Property Address: 211 E Stephenson, Freeport, IL, 61032

Average square foot calculated using Size range provided by listing agent.

Description

For Sale – Mixed-Use Investment / Owner-User Opportunity | Freeport, IL Well-located three-story brick commercial building offering a compelling blend of stable income and owner-user potential. Situated in a visible corridor of Freeport, this classic structure features four residential apartments and a street-level commercial space, making it ideal for investors or business owners seeking to occupy while collecting rental income. The residential component consists of four apartments, with three units currently leased, providing immediate, reliable cash flow. Units are well-configured and appeal to the area’s steady demand for affordable housing, a common driver of consistent occupancy in the Freeport market . The main-floor commercial space is currently vacant, presenting a prime opportunity for an owner-user or value-add investor. With strong street presence, large storefront windows, and flexible layout, the space is well-suited for a variety of uses including retail, office, service business, or studio. Visibility and accessibility make it an attractive location for a business looking to establish or expand locally. Constructed of solid brick, the building offers classic architectural character along with long-term durability. Separate utilities (typical in similar properties in the area) and straightforward management contribute to operational efficiency . Highlights: 3-story brick mixed-use building 4 residential units (3 occupied / 1 potential upside) Vacant commercial space ideal for owner-user Income-producing with additional lease-up potential Strong visibility and central location Opportunity to offset occupancy costs with rental income This is a rare chance to acquire a partially stabilized asset with both immediate cash flow and upside through commercial occupancy or rent growth—perfect for an investor or business owner looking to control their space while building equity.

MLS® Number202602154

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1892

BasementFull

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 19, 2026List Date

$120,000List Price

Commute

Commute

Starting Address

Destination Address

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