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515 Illinois St

Freeport, IL 61032

3 bd 2 ba 1,392 sqft Built 1910 Lot 5,520 sqft single_family
Most recent sale
$55,000
Jul 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 1, 2022 Sold $55,000 MLS #11412666
May 23, 2022 Listed $55,000 MLS #11412666

Tax assessment history

YearBuildingLandTotal assessedTax paid
2024 $16,334 $920 $17,254 $1,271
2023 $16,334 $920 $17,254 $1,160
2022 $13,625 $950 $14,575 $1,064
2021 $10,281 $950 $11,231 $1,424
2016 $8,999 $920 $9,919 $523
2015 $10,917 $843 $11,760 $742
2014 $11,168 $862 $12,030 $754
2013 $12,558 $889 $13,447 $891
2012 $12,993 $920 $13,913 $900
2011 $15,086 $935 $16,021 $1,085
2010 $15,433 $957 $16,390 $1,095
2009 $15,678 $972 $16,650 $1,088
2008 $15,678 $972 $16,650 $1,127

Property facts

Year built
1910
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,392 sqft
Lot size
5,520 sqft
ZIP code
61032
City
Freeport
Street
Illinois St
Coordinates
42.28834, -89.61076

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$330
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 515 Illinois St last sell?
515 Illinois St most recently sold on Jul 1, 2022 for $55,000.
What is the current tax assessment for 515 Illinois St?
The most recent total assessment for 515 Illinois St (year 2024) is $17,254 with $1,271 in property tax.
How does 515 Illinois St's assessment compare to its last sale price?
The current assessment is 68.6% below the last sale price of $55,000.
When was 515 Illinois St built?
515 Illinois St was built in 1910.
How does 515 Illinois St compare to others on Illinois St?
We track 8 other properties on Illinois St. Browse the list under "Other properties on Illinois St" to compare beds, baths, and sale history.
What are the property facts for 515 Illinois St?
515 Illinois St is a 3 bed, 2 bath, 1,392 sqft, 5,520 sqft lot single_family.
Is 515 Illinois St a flip candidate?
No — 515 Illinois St does not appear in our flips dataset.
Is 515 Illinois St a tax-appeal candidate?
No — 515 Illinois St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.2%
Implied 1-yr
+13.0%
2026 Q3
$179.2K
2026 Q4
$184K
ZIP 61032 — Median Price History + Forecast

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