1501 Field Circle, Freeport IL 61032 Photo 1 1501 Field Circle, Freeport IL 61032 Photo 2 1501 Field Circle, Freeport IL 61032 Photo 3 1501 Field Circle, Freeport IL 61032 Photo 4 1501 Field Circle, Freeport IL 61032 Photo 5 1501 Field Circle, Freeport IL 61032 Photo 6 1501 Field Circle, Freeport IL 61032 Photo 7 1501 Field Circle, Freeport IL 61032 Photo 8 1501 Field Circle, Freeport IL 61032 Photo 9 1501 Field Circle, Freeport IL 61032 Photo 10 1501 Field Circle, Freeport IL 61032 Photo 11 1501 Field Circle, Freeport IL 61032 Photo 12 1501 Field Circle, Freeport IL 61032 Photo 13
Listing Courtesy of Rvg Commercial Realty

No driving directions were found. Please adjust your search.

1501 Field Circle - Approximately 11 acre site approved for 28 quad apartment buildings for a total of 112 units. Currently there are 24 apartments constructed within six buildings. Existing apartments have been historically 100% rented at an average rental of $705 per month. Each apartment unit is separately metered and could be converted to condos. Site is just a minute from Freeport's most active intersection. Property has a pending agreement with the City of Freeport for remaining roads and water/sewer mains to be constructed at city expense. Owners will consider a separate sale of remaining vacant land for $780,000.

Listing information

  • MLS® ID: 10004039
  • Status: Active
  • New Construction: No
  • Lot Size: 710 X 700
  • Style: Multi-Family
  • Stories: 2
  • Foreclosure: No
  • Estimated Annual Taxes: $51,618
  • Year Built: 1998
  • Parking Type Description: None 0 cars
  • Lot Area: 11.45 Acres
  • County: Other

Features

Approximate Age 16-25 Years
Built Before 1978 (Y/N) No
Construction Wood Frame
Current Use Residential-Multi-Family
Exterior Building Type Vinyl Siding
Foundation Concrete
Franchisor Feed(y/n) No
Frontage/Access City Street
Heat/Ventilation Forced Air
Indoor Parking 19-30 Spaces
Information 24-Hr Notice Required
Other # Of Units - 24, Electricity Expense - 3600, Expense Year - 2016, Fuel Expense - 0, Gross Rent Multiplier - 1.25, Gross Rental Income $ - 20400, Insurance Expense - 3600, Janitor Expense - 0, Net Oper Income $ - 63000, Net Operating Income Year - 2016, Other Expenses - 120700, Repairs-Decor Expense - 15000, Scavenger Expense - 1800, Tax Year - 2016, Total Annual Exp - 145000, Total Annual Income - 208000, Total Monthly Income - 17000, Township - Freeport, Water Expense - 300, Zoning Type - Multi
Outdoor Parking 19-30 Spaces
Owners Assoc (Y/N) No
Ownership Type Corporation
Property Type Multi Family 5+
Roof Coverings Shingle Composition
Roof Structure Gable
Tenant Pays Electric, Heat
Type Multi-Family Corridor-Interior Entrance
Unincorporated (Y/N) No
Listing Courtesy of Rvg Commercial Realty