USAILFreeport24-26 S Galena Ave
24-26 S Galena Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Freeport IL | Image 1
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$799,900

24-26 S Galena Ave, Freeport, IL

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 11808 sqft
Garage No
Taxes $4,966
Days Active 22
Lot Size 
Approx. Age 1869
Avg. Price Per Sqft $67
MLS® Number 202503314

Property Address: 

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

Description

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 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 assumptionsShow Description
MLS® Number202503314
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age1869
Basement
Driveway
Garage Spaces
HeatHot Water/Steam
A/CCentral Air, Window Unit
Heating Fuel

Extras

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