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101 S Spring St, Franklin Grove, IL, 61031

4beds
2baths
--sqft
$169,900
--price/sqft
$1,354/moest. monthly cost
$54,160/yrincome needed

About This Home

This well maintained duplex in Franklin Grove features many updates including new shingles in 2016, all new plumbing and a remodeled bath on the second floor in 2017, as well as one newer water heater and a newer boiler. Both apartments offer 2 bedrooms, living rooms, spacious kitchens and laundry facilities in each unit. The building is located on a corner lot. This fully rented duplex is a money maker from day one! Call for more details or to schedule a private showing.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Construction

Materials

  • Roof: Asphalt
  • Construction materials: Slate

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Unfinished,Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating

  • Heating features: Electric

Property

Details

  • Parcel number: 06090115500700
  • Special condition: None

Lot

  • Lot size: 10,296 sqft
  • Features: Corner Lot
  • Lot size dimensions: 66x156x66x156

Parking

  • Total spaces: 5
  • Parking features: Yes,Detached,Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Strong Wind
Tornado
Drought
Hail
Winter Weather

FEMA Declared Disasters Across Illinois Counties

Flood
Other
Severe Storm
Straight Line Winds
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $859$10,308
Home Insurance *$115$1,380
Property Taxes $250$3,000
Electricity $130$1,569
Total$1,354$16,248
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$46,422/yr
40% on housing$40,620/yr
45% on housing$36,106/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.4%
12.4%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 61031$93
Lee County$131

vs Homes Sold Last Month

Median $/sqft

ZIP 61031$145
Lee County$135

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-12Price change$169,900
2026-06-24Listed for sale$175,000
2021-02-18Listing removed--
2019-05-25Listing removed$550
2019-04-18Listed for rent$550
2018-06-29Listing removed$550
2018-06-08Listed for rent$550
2018-02-28Listing removed$550
2018-02-07Listed for rent$550
2017-03-10Listing removed$525
2017-02-27Listed for rent$525
2016-01-06Sold$21,000
2012-10-19Sold$162,000

For Sale by Agent

AgentEric Bird
BrokerageBird Realty

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