211 E Stephenson
Freeport, IL 61032
- Studio
- 5,040 sqft
Studio
5,040 sqft
Local Information
© Google
-- mins to
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.
Home Highlights
Parking
9 Parking Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$24
Listed
18 days ago
Home Details for 211 E Stephenson
|
|---|
Interior Details Basement: Full |
Dimensions and Layout Living Area: 5040 Square Feet |
Appliances & Utilities Utilities: No Separate UtilitiesAppliances: Refrigerator, Stove/Cooktop, Natural Gas Water HeaterRefrigerator |
Heating & Cooling Heating: Electric,Natural GasHas CoolingAir Conditioning: Central Air,Window Unit(s)Has HeatingHeating Fuel: Electric |
Gas & Electric Electric: Circuit Breakers, Fuses |
Levels, Entrance, & Accessibility Stories: 3Levels: Three Or More |
|
|---|
Exterior Home Features Roof: OtherExterior: Balcony |
Parking & Garage Parking Spaces: 9 |
Water & Sewer Sewer: City |
Finished Area Finished Area (above surface): 5040 Square Feet |
|
|---|
Cumulative Days on Market: 6Days on Market: 18 |
|
|---|
Year Built Year Built: 1892 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 5+ Units |
Building Construction Materials: Brick/Stone, Other |
Property Information Parcel Number: 181431215002 |
|
|---|
Price List Price: $120,000Price Per Sqft: $24 |
Status Change & Dates Possession Timing: Close Of Escrow |
|
|---|
MLS Status: ACTIVE and AVAILABLE |
|
|---|
Direction & Address City: FREEPORTCommunity: IL |
School Information Elementary School: Freeport 145Elementary School District: Freeport 145Jr High / Middle School: Freeport 145Jr High / Middle School District: Freeport 145High School: Freeport 145High School District: Freeport 145 |
|
|---|
Listing Agent Listing ID: 202602154 |
|
|---|
Building Area Building Area: 5040 |
|
|---|
BasementMls Number: 202602154Above Grade Unfinished Area: 5040 |
Last check for updates: about 7 hours ago
Listing courtesy of BRIAN BORCHARDT, (815) 238-2015
A-1 Agency
Source: NorthWest Illinois Alliance of REALTORS®, MLS#202602154

Also Listed on NorthWest Illinois Alliance of REALTORS®.
Price History for 211 E Stephenson
| Date | Price | Event | Source |
|---|---|---|---|
| 05/05/2026 | $120,000 | PendingToActive | NorthWest Illinois Alliance of REALTORS® #202602154 |
| 04/24/2026 | $120,000 | Pending | NorthWest Illinois Alliance of REALTORS® #202602154 |
| 04/19/2026 | $120,000 | Listed For Sale | NorthWest Illinois Alliance of REALTORS® #202602154 |
| 02/03/2026 | $500 | Listed For Rent | Zillow Rentals |
| 12/16/2025 | $550 | ListingRemoved | Zillow Rentals |
| 12/05/2025 | $550 | PriceChange | Zillow Rentals |
| 09/09/2025 | $600 | Listed For Rent | Zillow Rentals |
| 06/04/2025 | $600 | ListingRemoved | Zillow Rentals |
| 06/03/2025 | $600 | Listed For Rent | Zillow Rentals |
Similar Homes You May Like
New Listings near 211 E Stephenson
Comparable Sales for 211 E Stephenson
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.27 | Multi-Family Home | $82,000 | 06/12/25 | - | 5,044 | ||
0.26 | Multi-Family Home | $120,000 | 06/12/25 | - | 4,136 | ||
0.26 | Multi-Family Home | $48,000 | 06/12/25 | - | 2,884 | ||
0.44 | Multi-Family Home | $130,000 | 06/12/25 | - | 5,166 | ||
0.36 | Multi-Family Home | $45,000 | 09/04/25 | - | 3,424 | ||
0.26 | Multi-Family Home | $41,000 | 06/12/25 | - | 2,319 | ||
0.49 | Multi-Family Home | $87,000 | 06/12/25 | - | 5,070 | ||
0.28 | Multi-Family Home | $54,000 | 06/12/25 | - | 2,223 | ||
0.37 | Multi-Family Home | $100,000 | 06/12/25 | - | 3,040 | ||
0.49 | Multi-Family Home | $90,000 | 06/12/25 | - | 4,136 |
Assigned Schools
These are the assigned schools for 211 E Stephenson.
What Locals Say about Freeport
At least 214 Trulia users voted on each feature.
86 % Say parking is easy
86 % Say car is needed
81 % Say there are sidewalks
80 % Say yards are well-kept
79 % Say it's dog friendly
76 % Say there's holiday spirit
62 % Say kids play outside
56 % Say there's wildlife
55 % Say neighbors are friendly
54 % Say it's quiet
53 % Say people would walk alone at night
43 % Say streets are well-lit
41 % Say they plan to stay for at least 5 years
32 % Say it's walkable to grocery stores
31 % Say it's walkable to restaurants
22 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
BRIAN BORCHARDT, A-1 Agency
Agent Phone: (815) 238-2015

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
211 E Stephenson, Freeport, IL 61032 is a studio, 5,040 sqft multi-family built in 1892. This property is currently available for sale and was listed by NorthWest Illinois Alliance of REALTORS® on Apr 19, 2026. The MLS # for this home is MLS# 202602154.

