211 E  Stephenson, Freeport, IL 61032
FOR SALE

211 E Stephenson
Freeport, IL 61032

  • Studio
  • 5,040 sqft

$120,000

Est. Mortgage $911/mo*

$120,000

Est. Mortgage $911/mo*
Studio
5,040 sqft

Local Information

Map showing home location
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-- mins to
Commute Destination

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 Features

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 Features

Exterior Home Features
Roof: OtherExterior: Balcony
Parking & Garage
Parking Spaces: 9
Water & Sewer
Sewer: City
Finished Area
Finished Area (above surface): 5040 Square Feet

Days on Market

Cumulative Days on Market: 6Days on Market: 18

Property Information

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 & Status

Price
List Price: $120,000Price Per Sqft: $24
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: ACTIVE and AVAILABLE

Location

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

Agent Information

Listing Agent
Listing ID: 202602154

Building

Building Area
Building Area: 5040

Miscellaneous

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

Price History for 211 E Stephenson

DatePriceEventSource
05/05/2026$120,000PendingToActiveNorthWest Illinois Alliance of REALTORS® #202602154
04/24/2026$120,000PendingNorthWest Illinois Alliance of REALTORS® #202602154
04/19/2026$120,000Listed For SaleNorthWest Illinois Alliance of REALTORS® #202602154
02/03/2026$500Listed For RentZillow Rentals
12/16/2025$550ListingRemovedZillow Rentals
12/05/2025$550PriceChange
Zillow Rentals
09/09/2025$600Listed For RentZillow Rentals
06/04/2025$600ListingRemovedZillow Rentals
06/03/2025$600Listed For RentZillow Rentals

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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.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Stephen Ehart
    "We’ve lived here for 2 years and find Freeport to be a friendly and welcoming community. After living in Southern California for 30 years it’s like a breath of fresh air. No traffic jams, crime rate is low, and plenty of shopping and eateries. Beautiful parks and good city services. Happy we found Freeport "
  • Amber Hawrysko
    "I moved here last year and didn’t realize the crime was so high, peoples dogs run every. Just had a night or kid got attacked and no one cares about their property "
  • Anthony L Jones
    "It’s not, just a regular neighborhood, it’s quiet and somewhat peaceful, some people prefer drama but most of us stay out the way by working and raising our children."
  • Andrea K. M.
    "My neighborhood is quiet and the neighbors are very friendly. It’s a mix of young families and older couples."
  • Almondcrisp
    "It’s very spacious. Dogs would love running around whenever they got the chance. Even renting over here with a dog isn’t so bad."
  • Mel C.
    "Cars driving to fast. Not safe for dogs or children. Trash covers the streets from the high school kids.... "
  • London K. .
    "The neighborhood I love in isn’t special, we don’t do things in my neighborhood. It consist of older people. "
  • Hope G. C.
    "Our neighborhood is unique because it’s in an area of Freeport where it connects to route 26. The car show goes past our street every year."
  • Windy P.
    "There are many family in this area as well as schools,parks and churches. its close to shopping areas well maintained homes and great neighborhood."
  • Ariell P.
    "It’s safe, there is a real since of community and family here. Krape Park is a dream, for exercising, letting the kids run free, BBQ, or just a peace of mind. It’s the place to be."
  • Markita F.
    "They would love it it’s a great neighborhood nice quiet clean An very friendly n aware dogs are as friendly as they owner "
  • Coreys4kids
    "Unruly adults roaming the streets. To many untrained pet owners unable to maintain obedience with a pet.bodies are stacking up check the news for the past two years."
  • Coreys4kids
    "The ambulances beat you to the crime scene . Constant gun shots, drug activity, theft, as well as nervous out of shape law enforcement."
  • Valina F.
    "The neighborhood is quiet. There are long time residents of the houses in my neighborhood. It is just down from the hospital and is up the street from Read Park and the pool. Good location for families. "
  • Staceyishmon880
    "Now to many community events in freeport for kid's. Rockford's way better. Freeport would be Alot better if they offered more things for families to do together. Also it's very hard getting your children into thing's that cost money. They need to think about the lower income families not just families that are well off and don't live paycheck to paycheck. Thanks"
  • Hope G. C.
    "In the Summertime, there have what is called "Music on Chicago St" where they will have live music bands playing downtown for the people of Freeport and for those who come from our neighboring towns. "
  • Farrarashley3
    "It’s an okay neighborhood. I been here all my life. Very quiet where I live. People are very respectful "
  • Tamikabaker40
    "I just move here from the city and everyone is real nice and the good thing is there’s not people standing on corners feel a lot better walking around"
  • Amber
    "Quick and traffic free. Never have any trouble getting where I need to go. Grocery and other stores are close as is the hospital "
  • Hope G. C.
    "They wouldn’t like that one of our neighbors allows their pit bull & Labrador, to defecate all over our yards without picking up their dog’s waste. They often let their dogs loose & unattended which causes their pit bull to be taken in by animal control. "
  • Lswalker80
    "I've lived in this neighborhood for 10 years. This a quiet area with nearby restaurants in walking distance. The parks are within 1 mile."
  • Mejiahannah
    "ok place needs better jobs, school system is ok and the neighborhood is slow and full. not a lot of kids outside playing need more parks in other areas of town. "
  • Edy K.
    "nice place, and the schools are good. freeport also have nice parks for kids to play. they even have summer time fun car shows, fairs etc."
  • Mejiahannah
    "nothing special in the neighborhood kids play with each other, grouped garage sales. not community or neighborly outings. not too many people around here that come outside a whole lot. "
  • svetlanaz84
    "the area has a neighborhood park. also there are several schools close to the area which makes it very convenient when you have kids different age groups."

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.