Excellent investment opportunity on this 117.45 +/- acres located right on the east side of Freeport with both significant income as well as great recreational opportunities. Set at the end of a dead end road, this property has 97.4 acres enrolled in native grass CRP that earns $29,212 per year to create around a net 3% annual return on the property. In addition to the income, this property is a recreational paradise with approximately 3/4 of a mile on the Pecatonica River, creating both fishing and waterfowl hunting opportunities. The Pecatonica River is known for holding both the current and the former Illinois state record Walleye catches. Whitetail deer, turkey, and pheasant also are frequent visitors of the property as the abundance of native grasses create cover for bedding and nesting. The property has previously been farmed in row crops, so with a little brush removal a new owner could return this land into farm production following the expiration of the CRP contract in 2027. Schedule a tour today and see firsthand all of the potential this income producing recreational property has to offer! Maps in listing photos are for reference only and do not represent exact boundary survey.
51 days
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130
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9
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Zillow last checked:
Listing updated:
Listed by:
Brandon Beyer815-275-3612,
Jim Sullivan Realty
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202603322
Source: NorthWest Illinois Alliance of REALTORS® #202603322Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.