Updated 5+ Days Ago
Highlights
- Separate dining room
- Hardwood flooring
- New vinyl plank flooring
- Main floor laundry hookups
- Living room
- Dining room
Location
404406 E Prospect Ter, Freeport, IL 61032, USA
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Property Overview
With hardwood flooring, new vinyl plank flooring, a separate dining room, living room, and main floor laundry hookups, the home offers a practical and updated interior layout. Its value per square foot ranks in the 80th percentile locally, and the nearby top-rated elementary school plus 19 photos add convenience and a helpful preview of the property.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- More space
- Images Available
Great for
Social life
Amenities for 404406 E Prospect Ter
Apartment Amenities
| Forced Air | Hardwood Floor |
Building
| Basement | Business Center |
| Onsite Laundry | Roof Type: Shingle |
Grounds
| 2 Parking Spaces |
Other
| Two Units in Building |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
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About 404406 E Prospect Ter
Property Status: Active 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. Copyright © 2026 NorthWest Illinois Alliance of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 404406 E Prospect Ter compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 0.3 mile away
- More space
- The 4-bedroom is 667 sqft larger than other listings nearby
- Images Available
- There are at least 10 photos of this address
- Laundry available on site
- Washers and dryers are available in-building or in-unit
Address details
| Zip code | 61032 |
|---|---|
| Type | Apartment for rent |
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Rent trends in Freeport
4-bedroom apartments at 404406 E Prospect Ter cost about 4% less than the average rent price for 4-bedroom apartments in Freeport.
Median rents as of Jul 18 2026.
Freeport
| Month | Median Rent |
|---|---|
| December 2024 | $1,150 |
| January 2025 | $1,125 |
| April 2026 | $1,409 |
| May 2026 | $1,428 |
| June 2026 | $1,450 |
| July 2026 | $1,465 |
Affordability calculator
Can I afford to live at 404406 E Prospect Ter?
Bedrooms
4+ bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$55,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 4-bedrooms monthly rent price of $1,395.
For more information on rent affordability, visit our rent calculator.
Schools near 404406 E Prospect Ter
Center Elementary School
718 e illinois st
freeport, IL, 61032
PK, K-4Public
B
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Internet available near 404406 E Prospect Ter
Getting around Freeport near 404406 E Prospect Ter
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
4/10
This is semi-bikeable, but you’ll need another way of getting around.
Points of interest for 404406 E Prospect Ter, Freeport
Groceries
8/10
At least one supermarket within a 10-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
4/10
Some cafés within walking distance
Restaurants
4/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
3/10
Some bars within walking distance
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