404-406 E Prospect Ter
Freeport, IL 61032
Studio
2,560 sqft
Studio
2,560 sqft
Local Information
© Google
-- mins to
Description
Stop Renting. Start Owning! Unique homeownership opportunity designed for renters ready to make the move to owning. Two-story duplex featuring 2 bedrooms and 1 bathroom in each unit. The main floor unit offers a spacious living room and separate dining room with hardwood flooring, plus a kitchen with new vinyl plank flooring and main floor laundry hookups. The upper unit features a light-filled living room, separate dining room, and kitchen with new vinyl plank flooring. Property also includes separate basement access, separate utilities, and updated 100-amp service. Great opportunity for an owner-occupant or investor. This property qualifies for a unique homeownership program designed to help renters transition to ownership with minimal upfront cash and a simplified approval process. Example terms: $200,000 purchase price with payments as low as $1,395/month. Security deposit may be applied toward the down payment, and the first month’s rent becomes the first mortgage payment. Program designed for hardworking buyers, including self-employed, 1099 earners, small business owners, ITIN holders, and credit-rebuilding applicants. If you qualify to rent, you may qualify to own. Program availability and terms vary. All approvals subject to income verification and underwriting guidelines. Equal Housing Opportunity.
Home Highlights
Parking
2 Parking Spaces
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$78
Listed
59 days ago
Home Details for 404-406 E Prospect Ter
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Interior Details Basement: Full |
Dimensions and Layout Living Area: 2560 Square Feet |
Appliances & Utilities Utilities: Separate UtilitiesAppliances: Refrigerator, Stove/Cooktop, Gas Water HeaterLaundry: In UnitRefrigerator |
Heating & Cooling Heating: Forced AirNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Forced Air |
Gas & Electric Electric: Circuit Breakers |
Levels, Entrance, & Accessibility Stories: 1Levels: One |
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Exterior Home Features Roof: Shingle |
Parking & Garage Parking Spaces: 2 |
Water & Sewer Sewer: City |
Finished Area Finished Area (above surface): 2560 Square Feet |
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Cumulative Days on Market: 5Days on Market: 59 |
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Year Built Year Built: 1897 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: 2 Units |
Building Construction Materials: Stucco |
Property Information Parcel Number: 181431478033 |
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Price List Price: $200,000Price Per Sqft: $78 |
Status Change & Dates Possession Timing: Close Of Escrow |
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MLS Status: ACTIVE and AVAILABLE |
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Direction & Address City: FREEPORTCommunity: IL |
School Information Elementary School: Freeport 145Elementary School District: Freeport 145Jr High / Middle School: Freeport 145Jr High / Middle School District: Freeport 145High School: Freeport 145High School District: Freeport 145 |
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Listing Agent Listing ID: 202601322 |
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Building Area Building Area: 2560 |
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BasementMls Number: 202601322Above Grade Unfinished Area: 2560 |
Last check for updates: about 2 hours ago
Listing courtesy of Olga Kampmeier
Keller Williams Realty Signature
Source: NorthWest Illinois Alliance of REALTORS®, MLS#202601322
Price History for 404-406 E Prospect Ter
| Date | Price | Event | Source |
|---|---|---|---|
| 03/12/2026 | $200,000 | Listed For Sale | NorthWest Illinois Alliance of REALTORS® #202601322 |
| 06/12/2025 | $75,000 | Sold | NorthWest Illinois Alliance of REALTORS® #202507686 |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $1,501 |
| Assessment | $40,221 |
Home facts updated by county records
Comparable Sales for 404-406 E Prospect Ter
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $61,000 | 06/12/25 | - | 2,366 | ||
0.13 | Multi-Family Home | $62,500 | 07/08/25 | - | 2,600 | ||
0.08 | Multi-Family Home | $83,000 | 06/12/25 | - | 1,940 | ||
0.13 | Multi-Family Home | $71,000 | 06/12/25 | - | 2,138 | ||
0.07 | Multi-Family Home | $104,000 | 06/12/25 | - | 2,112 | ||
0.22 | Multi-Family Home | $81,000 | 06/12/25 | - | 2,672 | ||
0.07 | Multi-Family Home | $113,000 | 06/12/25 | - | 3,492 | ||
0.24 | Multi-Family Home | $70,000 | 06/12/25 | - | 2,250 | ||
0.05 | Multi-Family Home | $54,000 | 05/12/25 | - | 1,402 |
Assigned Schools
These are the assigned schools for 404-406 E Prospect Ter.
- Center Elementary School
- PK-4
- Public
- 260 Students
8/10GreatSchools RatingParent Rating AverageThey put special education at a minimum, the principal could care less about bullying or the affects on the students. She simply cares about her numbers. They fake the special ed kids standardized testing, or used to, to get higher numbers and recognition.Parent Review5mo ago - Freeport High School
- 9-12
- Public
- 1080 Students
1/10GreatSchools RatingParent Rating AverageAs a physically disabled students, this school was terrible. My teachers did not believe I was disabled, even though I had records showing it and notes from every appointment I went to. I also experienced constant transphobia from students, and while staff weren't directly transphobic to me, they wouldn't help with this at all. Programs for students with learning disabilities are built to hold them back. Teachers do not believe they're capable of learning, and encourage them to stay at the same level they're at. Their solution to dyslexic students having trouble with reading is to just not make them read, instead of putting in the effort to teach them differently. They love to say how much they strive for diversity, and then leave everyone that isn't a upper middle class, able-bodied student behind.This school does not educate students, as shown by the terrible college readiness score. After starting college, most people in my graduating year are extremely far behind where they should be. There's a major lack of media literacy and critical thinking especially, but students are also clueless towards a lot of basic concepts in English and math. I am one of these students, I grew up in the distract and can't do pretty basic math. I feel that we were all set up for failure, but poor, lgbtq+ and disabled students were left even further behind than most.Other Review2y ago - Freeport Middle School
- 7-8
- Public
- 513 Students
3/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Carl Sandburg Middle School
- 5-6
- Public
- 420 Students
3/10GreatSchools RatingParent Rating AverageI have always had positive experiences with Carl Sandburg Middle School. My children have gone through there and now my grandkids are there. They have always had great teachers and really enjoyed the whole school in general.Parent Review14y ago 
Check out schools near 404-406 E Prospect Ter.
What Locals Say about Freeport
At least 214 Trulia users voted on each feature.
86 % Say parking is easy
86 % Say car is needed
81 % Say there are sidewalks
80 % Say yards are well-kept
79 % Say it's dog friendly
76 % Say there's holiday spirit
62 % Say kids play outside
56 % Say there's wildlife
55 % Say neighbors are friendly
54 % Say it's quiet
53 % Say people would walk alone at night
43 % Say streets are well-lit
41 % Say they plan to stay for at least 5 years
32 % Say it's walkable to grocery stores
31 % Say it's walkable to restaurants
22 % Say there are community events
Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Olga Kampmeier, Keller Williams Realty Signature
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
404-406 E Prospect Ter, Freeport, IL 61032 is a studio, 2,560 sqft multi-family built in 1897. This property is currently available for sale and was listed by NorthWest Illinois Alliance of REALTORS® on Mar 12, 2026. The MLS # for this home is MLS# 202601322.