709 Franklin Street Oregon, IL ^$ 790,000

709 Franklin Street

^$ 790,000

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709 Franklin Street

Oregon, IL, 61061

^$ 790,000

Bedrooms3 Baths0.0

Monthly Estimate*

^$ 4,864

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Multi-Family Home for sale in Oregon, IL

for $790,000 with 3 bedrooms. The lot size is 1.

Rare investment opportunity in the heart of Oregon! This exceptional offering includes a fully occupied 11 unit apartment building with off-street parking and excellent rental history, plus a stunning all brick historic two story home, originally the Oregon Bible College. The spacious brick residence features 5 bedrooms and a beautiful gourmet kitchen, blending historic charm with modern functionality. Situated on a prominent corner lot close to downtown shopping and Oregon schools, this unique property offers both immediate income and long term value. A truly one of a kind investment in the scenic, charming community of Oregon.

Multi-Family Active

Price

^$ 790,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 21,878

Style

Multi-Family

Lot Size

Town/City

Oregon

County/Region

Ogle

MLS | Web ID

12550301

Features

General

Cooling Central Air

Roof Composition

Zoning COMMR

Construction Materials Brick Stone

Year Built 0

Tenant Pays Air Conditioning Electricity Heat Sewer

Stories Count 3

Township Nashua

Tax Year 2024

Current Use Multi-Family

Gross Income 81540

County Ogle

Net Operating Income 0

Operating Expense 10081

Insurance Expense 4070

Property Type Commercial Sale Multi Family 5+

MaintenanceExpense 0

Possible Use Multi-Family

Status New

Directions RT 64 to 7th Street North

City Oregon

Number Of Units Total 11

MLS Area Oregon

Tax Annual Amount 21878.3

Electric Expense 2303

Fuel Expense 1805

Trash Expense 2274

Water Sewer Expense 1903

Additional Parcels Y/N Y

Standard Status Active

Exterior

Lot Dimensions 225x203x171x198

Lot Size Acres 1

Frontage Type City Street

* Excluded Features

List By

Re/Max Of Rock Valley

Broker

carla@carlabenesh.com

Affordability Calculator

$6,687

Per Month

Monthly Principal & Interest: $4,864
Monthly Property Taxes: $1,823
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Oregon, IL

Average List Price ^$225,500

Percent of Sale Price 71%

About Oregon, IL

3,758 Population

-7% Since 2002

^$46,237 Median Income

43.01 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
1/19/2026	$790,000		Listed Price

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709 Franklin Street, Oregon, IL, 61061 is a Multi-Family Home for sale at $790,000 with a lot size of 1. 709 Franklin Street has 3 bedrooms and 0.0 baths. The property's zip code is 61061 which is in Oregon, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 1/21/2026.

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709 Franklin Street

Multi-Family Home for sale in Oregon, IL

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