Share This Listing

Message

940 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

Investment Highlights

  • 100 % occupied
  • Owner will divide
  • Diverse portfolio

Executive Summary

This is a rare opportunity to acquire a well-maintained 24-property rental portfolio located in the affordable and investor-friendly market of Freeport, Illinois. The portfolio consists of 18 single-family homes and 3 duplexes (totaling 24 units), offering a balanced mix of stable residential income streams.
The properties are described as very well maintained, with many benefiting from ongoing updates, professional management, and solid tenant occupancy—making this an ideal turnkey or near-turnkey investment.
Several of the duplex assets—similar to other listings in the area—are often part of larger bundled portfolios and can be sold individually or collectively, providing flexibility for both small and large investors .
Investment Highlights
24 total units: 18 single-family homes + 3 duplexes
Diversified asset mix reduces vacancy risk
Strong in-place cash flow with existing tenants (typical for portfolios in this market)
Well-maintained condition minimizes immediate capex
Scalable acquisition – owner willing to divide portfolio
Market Advantage – Freeport, IL
Freeport is known for its low entry price point, with many properties trading near or even below $100K, especially for multifamily and rental units

Property Facts

Price $2,911,005 CAD
Price / SF $980.80 CAD / SF
Cap Rate 10%
Sale Type Investment
Status Active
Number of Properties 24
Individually For Sale 0
Total Building Size 2,968 SF
Total Land Area 0.09 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
428 W Homer St, Freeport, IL 61032 Multifamily 2,968 SF 1907 -
Show More > < Show Less
  • Listing ID: 40388780

  • Date on Market: 2026-05-04

  • Last Updated:

  • Address: 24 property portfolio in Freeport IL, Freeport, IL

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}