709 Franklin St

Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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...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.
  1. Listed by Carla Benesh • RE/MAX of Rock Valley
    P: (815)-732-9100 C: (815)-985-6235 carla@carlabenesh.com

Sold By RE/MAX of Rock Valley

Property Details for 709 Franklin Street

Area
Oregon
Township
Nashua
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 05/06/2026 12:44 PM

Property Details for 709 Franklin Street

StatusClosed
MLS #12550301
Days on Market20
Taxes$21,878 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family 5+ / 5+ Units
Year Built-
Lot Size1.00 AC / 43,560 SF
CountyOgle County

Location

Add your commute

Building Information for 709 Franklin Street

Stories3Residences11Year Built-Building Size-Lot Size1.00 AC / 43,560 SF

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OriginPoint Mortgage or Rocket Mortgage1

$5,801 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,978

Property Taxes

$1,823

HOA Dues

$0

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Property Information for 709 Franklin Street

General Information
School Information
  • High School: Oregon High
Location and General Information
  • Frontage Type: City Street
  • Information: 24-Hr Notice Required
Taxes and HOA Information
  • Additional Parcels: Yes
Property Information
Interior Features
  • Basement Type: Full
  • Air Conditioning: Central Air
  • Electric: Circuit Breaker
  • Heat/Ventilation: Forced Air,Gas
  • # Of Refrigerators: 11
  • Num of Baths: 11.0
Exterior Features
  • Type: 5+ Units
Utilities / Equipment
  • Sewer: City
  • Water: City
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Air Conditioning, Electricity, Heat, Sewer
  • Built Before 1978: No
  • Approximate Age: 36-50 Years
  • Multi-Family Type: Corridor-Interior Entrance
  • Lot Dimensions: 225x203x171x198
  • Stories: 3
  • Exterior Building Type: Brick, Stone
  • Construction: Brick, Stone
  • Roof Type: Composition
  • # Of Ranges: 11
Property and Assessments
  • Possible Use: Multi-Family
  • Public Document Count: 1
  • Document Date: 2026-02-02T21:00:21
  • Photos Count: 86
Miscellaneous
  • Current Use: Multi-Family
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 11
Income & Expenses
  • Electric Expense: $2,303.00
  • Fuel Expense: $1,805.00
  • Gross Income: $81,540.00
  • Gross Scheduled Income: $81,540.00
  • Insurance Expense: $4,070.00
  • Maintenance Expense: $.00
  • Electric Expense Source: Owner Projection
  • Known Encumbrances: None Known
  • Expense Year: 2024
  • Total Annual Expense Source: Owner Projection
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Janitor Expense: 0
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 6795
  • Water Expense Source: Owner Projection
  • Net Operating Income: $.00
  • Operating Expense: $10,081.00
  • Other Expense: $.00
  • Trash Expense: $2,274.00
  • Water Sewer Expense: $1,903.00
Unit 1
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
  • Unit Type Units Total: 7
Unit 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 2
  • Unit Type Units Total: 4
Unit 3
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 3
  • Unit Type Units Total: 0
Unit 4
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 4
  • Unit Type Units Total: 0
Unit 5
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 5
  • Unit Type Units Total: 0
Unit 6
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 6
  • Unit Type Units Total: 0
Unit 7
  • Unit Type Beds Total: 0
  • Unit Type Type: Unit 7
  • Unit Type Units Total: 0

Property History for 709 Franklin Street

DateEvent & SourcePriceAppreciation
May 6, 2026

Sold

MRED #12550301

$790,000
May 5, 2026

Sold

NorthWest Illinois Alliance of REALTORS® #202600285

$720,000
Feb 7, 2026

Pending

MRED #12550301

DateEvent & SourcePrice
05/06/2026

Sold

MRED #12550301

$790,000
05/05/2026

Sold

NorthWest Illinois Alliance of REALTORS® #202600285

$720,000
02/07/2026

Pending

MRED #12550301

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 709 Franklin Street

Taxable ValueLand$13,731Additions$132,271Total$146,002
Tax Record2024$13,674 ($1,139 / month)
Home Facts
Total Finished SqFt7,512 SqFtAbove Grade Finished SqFt7,512 SqFtStories2Lot Size31,140 SqFtStyleMiscellaneous CommercialCountyOGLEAPN16-04-291-005

Schools near 709 Franklin Street

This home is within Oregon Community Unit School District 220.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Oregon Elementary School
PublicPK to 6

Oregon High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Listing Courtesy of RE/MAX of Rock Valley

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/06/2026 12:44 PM. 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.