GREAT INVESTMENT OPPORTUNITY. This .76 Acres lot centrally located in the heart of Freeburg. Currently Zoned MH-1, this parcel consists of 6 mobile home lots. 1 mobile home is included with this sale (older home currently rented for $490 including the lot). 5 other lots have owner occupied mobile homes and pay lot rent at a rate of $210 per month. Current annual income is $18480 with the belief that lot rental is below market value and may be increased. Seller is currently paying approximately $500 per year for insurance. Taxes are approximately $2600 per year. Each tenant mows their own lawn. All streets are city owned and maintained. Owner is responsible for sewer lines from the mobile home to the city street as is electricity from pole. One sewer line was replaced and one pole was replaced by seller over 10 years ago. Seller considers this a maintenance free property. Great ROI
Property Details
Property Features
Listing Office:
Office Name: Tammy Mitchell Hines & Co.
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.76 Acres
School Info
Assigned Schools Information:
Freeburg Community High School, Public District Grades 9-12
Freeburg Elementary School, Public District Grades 3-8
Price Information
Listing Price Info
Price Summary:
List Price: $140,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Freeburg, IL.
This property is $141.6K less than the Median Sold Price in Freeburg, IL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MARIS
MLS Number: #24031557
Listing Office:
Office Name: Tammy Mitchell Hines & Co.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$766
Per Month
Principal & Interest
$699
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$486
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
8
/10
Freeburg Elementary School
408 S Belleville St
Distance between this listing and this school0.65 miles
Public District Grades 3-8
High School
9
/10
Freeburg Community High School
401 S Monroe St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
Nearby Schools
5
/10
Belle Valley Elementary School-North
2465 Amann Dr
Distance between this listing and this school4.76 miles
Public District Grades PK-4
7
/10
Westhaven Elementary School
118 Westhaven School Rd
Distance between this listing and this school5.57 miles
Public District Grades KG-6
5
/10
Douglas Elementary School
125 Carlyle Ave
Distance between this listing and this school6.50 miles
Public District Grades 1-6
Assigned Schools
8
/10
Freeburg Elementary School
408 S Belleville St
Distance between this listing and this school0.65 miles
Public District Grades 3-8
Nearby Schools
6
/10
Smithton Elementary School
316 S Hickory St
Distance between this listing and this school4.40 miles
Public District Grades PK-8
8
/10
Central Jr High School
1801 Central School Rd
Distance between this listing and this school5.38 miles
Public District Grades 7-8
Assigned Schools
9
/10
Freeburg Community High School
401 S Monroe St
Distance between this listing and this school0.51 miles
Public District Grades 9-12
Nearby Schools
6
/10
Belleville High School-East
2555 West Blvd
Distance between this listing and this school6.47 miles
Public District Grades 9-12
8
/10
Mascoutah High School
1313 W Main St
Distance between this listing and this school6.87 miles
The neighbors living near this home have an average income of $67,733. Most Freeburg, IL residents have annual incomes between $35k-100k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 302 N Railroad St
What is the listing price of this property?
The listing price of 302 N Railroad St property is $140,000.
What type of property is this?
The property 302 N Railroad St is land located in Freeburg, Illinois, 62243.
Is this property for sale now?
Active Listing: 302 N Railroad St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 302 N Railroad St are: Freeburg Elementary School: GreatSchools Rating 8/10Freeburg Community High School: GreatSchools Rating 9/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 302 N Railroad St in Freeburg, IL and zip code 62243. This home sits on a 0.76 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $140,000.
In April 2024, from all listings sold in Freeburg, IL there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. The number of listings in Freeburg, IL decreased by 7.7% between March 2024 and April 2024. Listings spent 108 days on the market in April 2024, and had a median list price of $281,667 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. 
Hunting
Hunting
Figure Skating
NASCAR
Dick's Sporting Goods
Dillards
Wal-Mart
Texas Roadhouse
Cracker Barrel
Hardee's
Subaru
Cadillac
Ram
New Country
News/Talk/Information
Classic Country