709 Franklin Street, Oregon, IL 61061 - Photo 1

1/1

$790,000

Sold
Closed
Commercial

1/1

Property Description

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.

Full Property Details

Full Property Details for 709 Franklin St

General

Sold For: $790,000
Taxes: $21,878 (2024)
Status: Closed
Type: Commercial
Source: MRED
MLS ID: 12550301
Added to Site: 123 day(s) ago

Location

Area: Oregon
County: Ogle
Driving Directions: RT 64 to 7th Street North

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas

Structural Information

Construction: Brick, Stone
Exterior Const.: Brick, Stone
Roof: Composition
Stories/Levels: 3
Current Bldg. Use: Multi-Family

Unit Information

Units w/Refrigerators: 11
Units w/Range/Oven: 11

Lot Features

Lot Size (Acres): 1
Lot Dimensions: 225 x 203 x 171 x 198
Frontage: City Street
Potential Use: Multi-Family
Zoning: COMMR

Financial Considerations

Operating Expenses: $10,081
Tax Amount: $21,878.3
Tax Year: 2024
Tenant Pays: Air Conditioning, Electricity, Heat, Sewer

Disclosures and Reports

Property ID: 16031560010000

Listed and Sold by RE/MAX of Rock Valley

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— 709 Franklin St —

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Schools

Schools serving 709 Franklin St

School District:Oregon Community Unit School District 220

Name	Grades	Distance
Oregon Elementary School 1150 Jefferson Street, Oregon, IL 61061	PK-6	0.4 mi
Oregon High School, Oregon, IL 210 South 10th Street, Oregon, IL 61061	9-12	0.3 mi
David L Rahn Junior High School 105 West Brayton Road, Mount Morris, IL 61054	7-8	5.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 709 Franklin St

Date

Details

Price

Change

Source

5/06/2026

Sold

$790,000

—

MLS

1/19/2026

Listed

$790,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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709 Franklin St, Oregon, IL 61061 - Photo 1

Sold

$720,000