505 Empire St
Freeport, IL 61032
3 bd 2 ba 1,127 sqft Built 1926 Lot 3,944 sqft single_family
Most recent sale
$39,500
Apr 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Feb 5, 2024 | Sold | $60,000 | MRED |
| Nov 21, 2023 | Listed | $55,000 | MRED |
| Apr 4, 2022 | Sold | $39,500 | MLS #11333398 |
| Feb 25, 2022 | Listed | $38,900 | MLS #11333398 |
| Feb 13, 2019 | Listing removed | $29,900 | Freeport |
| Feb 8, 2019 | Sold | $24,000 | MLS #201900010 |
| Jan 10, 2019 | Listed | $29,900 | MLS #20190047 |
| Jan 4, 2019 | Listed | $29,900 | MLS #201900010 |
| Jan 1, 2019 | Sold | $24,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2024 | $18,745 | $1,131 | $19,876 | $2,225 |
| 2023 | $18,745 | $1,131 | $19,876 | $1,505 |
| 2022 | $10,672 | $1,167 | $11,839 | $1,469 |
| 2021 | $8,213 | $1,167 | $9,380 | $1,189 |
| 2020 | $7,957 | $1,131 | $9,088 | $1,182 |
| 2019 | $7,872 | $1,131 | $9,003 | $1,187 |
| 2018 | $7,643 | $1,131 | $8,774 | $1,159 |
| 2017 | $7,482 | $1,131 | $8,613 | $1,138 |
| 2016 | $7,577 | $1,131 | $8,708 | $835 |
| 2015 | $9,616 | $1,132 | $10,748 | $823 |
| 2014 | $10,834 | $1,159 | $11,993 | $799 |
| 2013 | $11,169 | $1,195 | $12,364 | $764 |
| 2012 | $11,556 | $1,236 | $12,792 | $772 |
| 2011 | $15,095 | $1,287 | $16,382 | $1,125 |
| 2010 | $15,442 | $1,317 | $16,759 | $1,134 |
| 2009 | $15,687 | $1,338 | $17,025 | $1,128 |
| 2008 | $15,687 | $1,338 | $17,025 | $1,165 |
Property facts
Year built
1926
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,127 sqft
Lot size
3,944 sqft
ZIP code
61032
City
Freeport
Street
Empire St
Coordinates
42.28663, -89.61018
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$237
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 505 Empire St last sell?
505 Empire St most recently sold on Apr 4, 2022 for $39,500.
What is the current tax assessment for 505 Empire St?
The most recent total assessment for 505 Empire St (year 2024) is $19,876 with $2,225 in property tax.
How does 505 Empire St's assessment compare to its last sale price?
The current assessment is 49.7% below the last sale price of $39,500.
When was 505 Empire St built?
505 Empire St was built in 1926.
How does 505 Empire St compare to others on Empire St?
We track 8 other properties on Empire St. Browse the list under "Other properties on Empire St" to compare beds, baths, and sale history.
What are the property facts for 505 Empire St?
505 Empire St is a 3 bed, 2 bath, 1,127 sqft, 3,944 sqft lot single_family.
Is 505 Empire St a flip candidate?
Yes — 505 Empire St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 Empire St a tax-appeal candidate?
No — 505 Empire St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.2%
Implied 1-yr
+13.0%
2026 Q3
$179.2K
2026 Q4
$184K
ZIP 61032 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Empire St