$125,000

302 E Prospect Terrace Freeport, IL 61032

Estimated payment $779/month

Total Views 724
-- Bed
-- Bath
1,874 Sq Ft
$67 Price per Sq Ft

About This Home

Great investment opportunity! This well-maintained duplex features a 2 bed/1 bath unit on the first floor and a 1 bed/1 bath unit on the second floor. Perfect for investors or owner-occupants looking to live in one unit and rent the other. Recent updates include new siding and updated gutters (2022). Roof is in good condition. Don’t miss your chance to make this property yours today!

Listing Agent

Viridiana Moreno

Realty of America, LLC License #475190235 Listed on: 07/28/2025

Realty of America, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,130

Year Built

  • Built in 1892

Home Design

  • Duplex
  • Shingle Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Partial Basement
  • Washer and Dryer Hookup

Kitchen

  • Stove
  • Range

Schools

  • Freeport Elementary School
  • Freeport Jr High Middle School
  • Freeport High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Separate Meters
  • Separate Water Meter
  • Natural Gas Water Heater

Community Details

  • 2 Units
  • 2-Story Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,130

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Electric: Circuit Breaker
  • Appliances That Stay or Are Included: Refrigerator, Stove/Cooktop
  • Class: MULTIFAMILY
  • Estimated Below Grade Finished Sq Ft: 937
  • Grid: Freeport
  • Legal Description: PT LOT 9 BLK 1 GUITEAU'S ADD
  • Lvt Date: 07/28/2025
  • Style: 2 Story
  • Type: 2 Units
  • Number Of Floors In Bldg: 2
  • Number Of Tenants In Bldg: 1
  • Number Of Units In Bldg: 2
  • Agent Only_ L A1 User Code: 110617
  • Elementary School: Freeport
  • Estimated Total Finished Sq Ft: 1874
  • Hold Earnest Money Y N: No
  • Pertinent Facts: Great investment opportunity! This well-maintained duplex features a 2 bed/1 bath unit on the first floor and a 1 bed/1 bath unit on the second floor. Perfect for investors or owner-occupants looking to live in one unit and rent the other. Recent updates include new siding and updated gutters (2022). Roof is in good condition. Don’t miss your chance to make this property yours today!
  • Designated Managing Broker Y N: No
  • Separate Electric: Yes
  • Separate Heat: Yes
  • Separate Water Y N: Yes
  • Washer Dryer Coin Operated: No
  • Washer Dryer Hookups: Yes
  • Washer Dryer: No
  • Estimated Above Grade Sq Ft: 937
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement Type: Partial
  • Price Per Sq Ft: 66.7
  • Basement: Yes

Exterior Features

  • Exterior: Siding
  • Roof: Shingle

Utilities

  • Cooling: Window Unit
  • Heating: Forced Air
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas
  • Separate Utilities: Yes

Schools

  • School District: Freeport 145
  • Elementary School: Freeport
  • Middle School: Freeport Jr High
  • High School: Freeport High

Building Info

  • Year Built: 1892

Tax Info

  • Year: 2024
  • Taxes: 1130

MLS Schools

  • HighSchool: Freeport High
  • School District: Freeport 145
  • Middle School: Freeport Jr High

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,130 $10,094 $226 $9,868
2023 $1,135 $8,926 $233 $8,693
2022 $918 $7,392 $233 $7,159
2021 $330 $2,520 $226 $2,294
2020 $328 $2,520 $226 $2,294
2019 $338 $2,566 $226 $2,340
2018 $330 $2,498 $226 $2,272
2017 $324 $2,450 $226 $2,224
2016 $324 $2,478 $226 $2,252
2015 $483 $3,748 $225 $3,523
2013 $643 $5,374 $238 $5,136
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 For Sale $125,000 +400.0% $67 / Sq Ft
03/08/2022 03/08/22 Sold $25,000 -28.6% $13 / Sq Ft
02/12/2022 02/12/22 Pending -- -- --
12/15/2021 12/15/21 For Sale -- -- --
12/08/2021 12/08/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $35,000 -- $19 / Sq Ft
Source: NorthWest Illinois Alliance of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $25,000 --
Source: Public Records

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Source: NorthWest Illinois Alliance of REALTORS®

MLS Number: 202504476

NorthWest Illinois Alliance of REALTORS®

APN: 18-14-31-478-023