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Two-Story Duplex Income Property

404-406 E Prospect Terrace Freeport, IL 61032

404-406 E Prospect Terrace, Freeport, IL, 61032
Contact for pricing
For Sale
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Two-story duplex offers two 2-bedroom, 1-bath units with separate basement access and updated 100-amp service.

Days on Market134

Property Features for 404-406 E Prospect Terrace

General Information

Standard status
Active
Property subtype
Multifamily

Building Details

Year Built
1897
Listing agency Keller Williams Realty Signature
Listed by Olga Kampmeier · License #475.166479
Source Crexi
Added: Mar 10 Updated: Jul 20 at 7:09PM Checked: Jul 21 at 1:19PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Signature


Investment Insights

Based on property information with market context.

This two-story duplex contains two separate units, each with two bedrooms and one bathroom. The main floor unit features a spacious living room and separate dining room with hardwood flooring, along with a kitchen with new vinyl plank flooring and main floor laundry hookups. The upper unit includes a light-filled living room, separate dining room, and a kitchen with new vinyl plank flooring.

The property provides separate basement access and separate utilities, and includes updated 100-amp service. As a residential income property, it can support both owner-occupant and investor ownership strategies.

Additional details provided include a homeownership program intended to help qualifying renters transition to ownership with minimal upfront cash and a simplified approval process; specific availability and terms vary and approvals are subject to income verification and underwriting guidelines.

Key Highlights

  • Two‑story duplex built in 1897 featuring two 2‑bedroom, 1‑bath units
  • Main floor unit includes a spacious living room, separate dining room, hardwood flooring, and kitchen with new vinyl plank flooring
  • Upper unit offers a light‑filled living room, separate dining room, and kitchen with new vinyl plank flooring

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Dental Office Pharmacy Cafe & Coffee Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Butcher (Bike/Boat/Book/etc) Store Garden Center (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Two-story duplex offers two 2-bedroom, 1-bath units with separate basement access and updated 100-amp service.
Where is this duplex located?
The property is located at 404-406 E Prospect Terrace Freeport, IL.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two‑story duplex built in 1897 featuring two 2‑bedroom, 1‑bath units; Main floor unit includes a spacious living room, separate dining room, hardwood flooring, and kitchen with new vinyl plank flooring; Upper unit offers a light‑filled living room, separate dining room, and kitchen with new vinyl plank flooring
Contact an agent
(815) 621-9180 Call to check price and availability
More about this property
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