404-406 E Prospect Terrace

Freeport, IL 61032
  • $200,000

    Price
  • 4

    Bed
  • 2

    Bath
  • 0

    SqFt

About the Listing 30203 - 71693

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.

Listing Highlights

Status Active
Days on Site 34
Property Type Multi-Family
MLS ® 12590298
Year Built 1897
Total Square Footage 0
Lot/Acreage 0.25
County Stephenson
School District 145

Interior Details

  • Bedrooms: 4
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement: Unfinished,Full
  • Other:
  • Water: Public

Exterior Details

  • Garage Capacity: N/A
  • Parking Spaces: 2
  • Lot Dimensions: 80X134
  • Roof:
  • Others:
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: $1,501
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 18143147803300
  • Tax Year: 2024

Payment Calculator

Monthly Payment

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Questions About..

404-406 E Prospect Terrace Freeport, IL 61032

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Originating MLS: mred

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