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0 Beds

$649,900

1008 Logan Street, Lena IL, 61048

Built in1978
Property typeMulti-family
Listed by Nicholas Hansen with Home One Realty 708-214-6425

Overview

Active

New

Listed Oct 28, 2026

Updated 3h ago

RARE 16-UNIT VALUE-ADD ON 1.90 ACRES Built in 1978 as an assisted living residence and later operated as Doll Memorial Apartments, this single-story, 12,545 sq ft building offers something few small-town investments can: purpose-built construction, an efficient layout and real room to grow. The unit mix is simple and highly rentable. There are 8 studios (approx. 529 sq ft) and 8 two-bedroom apartments (approx. 634 sq ft), each with its own bathroom. The single-level design means no stairs, easy access to every unit and straightforward maintenance and turnovers. Ten units are currently vacant, and most are already in rentable condition, giving the next owner a clear path to lease-up through light work rather than major renovation. All of this sits on a generous 1.90-acre lot on the south side of Lena, near IL Route 73 and a short drive from Freeport. It's an outstanding opportunity for the investor ready to fill units, add value and build long-term equity. Buyer to verify all information.

$4,324/mo

Est. mortgage payment based on a $649,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$23,030
Tax Frequency
Annually
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Listed by Nicholas Hansen with Home One Realty 708-214-6425

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Data is refreshed every 3 hours. Listing last updated 8:05 AM UTC on 10/29/2026. 

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