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404-406 E Prospect Terrace, Freeport, IL 61032

$200,000
  • 404-406 E Prospect Terrace, Freeport, IL 61032 Main Photo

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New to the Market Active
BEDS0 BATHS SQUARE FEET2,560 MLS#202601322
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLFreeport 145

Property 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.

404-406 E Prospect Terrace | MLS# 202601322

This multi-family property located at 404-406 E Prospect Terrace, Freeport, IL 61032 is currently listed for sale with an asking price of $200,000. 404-406 E Prospect Terrace is located within the Freeport 145 school district. Search Freeport real estate on syarber.gogambino.com today.

Property Features

Property Type: Multi Unit - Multiple
Heating: Forced Air
Home Style: 2 Units
Roof Type: Shingle
Taxes: $1,501

Appliances

Refrigerator
Stove/Cooktop

Feature Descriptions

Days on Site: 1
Exterior: Stucco
General Features: Laundry in Unit
Separate Utilities: Yes
Sewer: City
Water: City

Local Schools

School District: Freeport 145

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty Signature

Shown By

Agent Name: Stefanie Yarber
Agent Phone: Cell: (815) 995-0836
Agency Title: Gambino Realtors

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Estimated Payment

$ 1,091.88 per month $908.46 Principal & Interest $125.08 Property Tax $58.33 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 12:00:21 AM EST) or MRED MLS (last updated Fri 03/13/2026 11:57:54 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Fri 03/13/2026 10:15:31 PM EST) or Northern Illinois Commercial Association Realtors (last updated Fri 03/13/2026 2:10:07 PM EST). Real estate listings held by brokerage firms other than Gambino Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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