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Sold on 03/16/2004
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416-422 Prospect Ter, Freeport, IL 61032

$40,000

Last sold 03/16/2004 for $40K

  • —

    bed

  • —

    bath

  • 5,892

    Sqft ($7/Sqft)

Multi-family not for sale
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About 416-422 Prospect Ter

Property type Multi-family
Neighborhood
Year built 1800
HOA fee $0/month
Movoto estimate
Property description
Building requires rehab (Heat & Remodel) prior to closing. Gross Income has approached $26,000 and Net Income was at $16,000. *Separate Electric would allow splitting heat with baseboard units. Building originally used as 8 one (1) Bedroom Apartments. Current Boiler needs replacement and 2 Apartments have already been dismantled for Remodeling. Off Street Parking would allow 5 or 6 cars. Master Key opens all Units except 418 & 416 1/2 which are separate.
Listed by
Listing Office - PREFERRED REAL ESTATE OF ILLINOIS
Source: NorthWest Illinois Alliance of REALTORS® mls logo
MLS#125504 • last updated 1 year ago
Movoto checked NorthWest Illinois Alliance of REALTORS® for data 32 minutes ago
Overview
Heating None
Levels/Style 2 Story
MLS # 125504
SqFt 5892
Status Sold & Closed
Property Tax 1472
Year Built 1800
Exterior
Roof Shingle
Exterior Features Stucco
Amenities / Utilities
Water Source City
Sewer/Septic City
Multifamily Details
Expense: Operating -
$40K
Range: $36K-$44K
Last 30 days 
  • 416-422 Prospect Ter
    $40K
  • Freeport
    —
  • 61032
    $164K +3% y/y
  • Freeport
    $160K 0% y/y
No chart available
Statistics calculated by Movoto

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2/10
Freeport High School
public Grades 9-12
Freeport School District 145
Source: GreatSchools.org © 2026. All rights reserved.

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