206 S Galena Avenue Freeport, IL 61032

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$1,450,000
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44,000 sq ft
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Property Description


Other Residential

This vintage icon proudly sits on the corner of Galena at Spring Street. It was originally built as the YMCA in 1915 and has a fabulous history. In the late 70's early 80's the building was converted to private apartment residences with office space on the first two levels and today remains the same. The commercial space is occupied by 2 insurance companies, 2 accounting firms, an appraisal firm, a massage therapist. Its hallways are adorned with replicas of original floor plans providing a blend of the past and present. Midtown is a great place to conduct business because everyone knows where the Old Y is located. Make it your workplace. Make it your residence. Off Street Parking Security Elevator Building Window Signage Wireless Internet Galena Street Exposure Exercise Room Handicap Access 4 Laundry Rooms on 4 floors Individually metered Tenants pay their own heat Residental Rentals consist of 30 Units: 4-Studios, 20-1 Bedroom and 6 2-Units This property is turn key for the investor. It has had the last 8 years of refurbishing and is very well kept. Real estate agent has no interest in the property however does manage it for the owner.
MLS #:  20140228
Est. Property Tax:  $17,445

Features



  • Age: Over 50 Years Old
  • Amenities: Basement
  • Architecture Style: Other
  • Exterior Type: Brick
  • Roof Type: Tar and Gravel
  • Rooms: Basement

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Schools for
206 S Galena Avenue, Freeport, IL 61032
Elementary School
N/A
Middle School
N/A
High School
Grades 9-12 | Public School
FREEPORT, IL 61032
701 W MOSELEY ST
815-232-0400
Distance: 0.6 mi
GreatSchools Rating
4
Parent Rating
3
Student:Teacher Ratio
14:1
Total Students
1271
Other Nearby Schools Distance Type Grades GreatSchools Rating Parent Rating
Rap 0.0 mi Public 6-12 0 0
Aquin Elementary School 0.2 mi Catholic PRESCHOOL-6 0 0
Esl/ell Preschool 0.4 mi Public PRESCHOOL-PRESCHOOL 0 0
Tri-county Christian School 0.4 mi Private PRESCHOOL-8 0 4
Freeport Middle School 0.7 mi Public 5-8 1 0
Freeport Alternative High School 0.7 mi Public 9-12 0 0
Taylor Park Elementary School 0.8 mi Public PRESCHOOL-4 2 3
Center Elementary School 0.8 mi Public PRESCHOOL-4 2 2
Blackhawk Elementary School 0.9 mi Public PRESCHOOL-4 2 3
Aquin Catholic Jr Sr High School 1.0 mi Catholic 7-12 0 4
Norman C Sleezer Youth Home 1.2 mi Public 6-12 0 0
Empire Elementary School 1.3 mi Public PRESCHOOL-4 3 5
Career & Tech Educ Cons 1.6 mi Public 11-12 0 0
Carl Sandburg Middle School 1.6 mi Public 5-8 2-5 3
Lincoln-douglas Elementary School 1.8 mi Public PRESCHOOL-4 2 5
Immanuel Lutheran School 2.0 mi Private PRESCHOOL-8 0 4
Jones Farrar Magnet School 2.6 mi Public PRESCHOOL-4 3 4
Open Bible Learning Center 3.2 mi Private PRESCHOOL-6 0 5
Sources: Maponics, LLC, GreatSchools.org and Onboard Informatics 2014. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data for Freeport, IL 61032
  • Median Age: 42.07
  • Married: 34%
  • Number of Households: 13852
  • Households with Children: 3751
Community:



    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home

    Local Weather for Freeport, IL 61032

      Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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