Welcome to your next smart investment — a charming two-bedroom, one-bathroom home that blends comfortable living with serious income potential. Whether you're a first-time buyer looking for an affordable entry point or a savvy investor hunting for reliable rental returns, this property checks all the right boxes. Step inside and discover a well-maintained layout that makes every square foot count. The two bedrooms offer cozy retreats, while the full bathroom keeps morning routines refreshingly simple. A spacious basement opens up to a bonus storage area. Outside, the generous lot size gives you room to breathe, garden, or simply enjoy a lazy afternoon without feeling like you're intruding on the neighbors' personal space. Dedicated parking ensures you'll never circle the block like a lost satellite, a convenience that both homeowners and future tenants genuinely appreciate. Come and check it out.
Sold for $92,500
$92,500
550 N Waddell Ave, Freeport, IL 61032
2beds
720sqft
Single Family Residence
Built in 1951
0.46 Acres Lot
$92,300 Zestimate®
$128/sqft
$1,070 Estimated rent
Home value
$92,300
$82,000 - $104,000
$1,070/mo
Zestimate® history
Owner options
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$581/mo
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List your homeWhat's special
Spacious basementWell-maintained layoutBonus storage areaDedicated parkingGenerous lot size
Zillow last checked:
Listing updated:
Listed by:
Angela Schmidt 815-766-1236,
Angela Schmidt Realty
Bought with:
Tammy Johnston, 475205572
Century 21 Affiliated
Source: NorthWest Illinois Alliance of REALTORS®,MLS#: 202602551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Primary bedroom
- Level: Main
- Area: 91
- Dimensions: 7 x 13
Bedroom 2
- Level: Main
- Area: 88
- Dimensions: 8 x 11
Dining room
- Level: Main
- Area: 35
- Dimensions: 5 x 7
Kitchen
- Level: Main
- Area: 80
- Dimensions: 10 x 8
Living room
- Level: Main
- Area: 209
- Dimensions: 11 x 19
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Refrigerator, Stove/Cooktop, Gas Water Heater
Features
- Windows: Window Treatments
- Basement: Full,Full Exposure
- Attic: Storage
- Has fireplace: No
Interior area
- Total structure area: 720
- Total interior livable area: 720 sqft
- Finished area above ground: 720
- Finished area below ground: 0
Property
Parking
- Parking features: None
Features
- Patio & porch: Patio
Lot
- Size: 0.46 Acres
- Features: City/Town
Details
- Parcel number: 181325355006
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Siding
- Roof: Shingle
Condition
- Year built: 1951
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: City/Community
- Water: City/Community
Community & HOA
Community
- Subdivision: IL
Location
- Region: Freeport
Financial & listing details
- Price per square foot: $128/sqft
- Tax assessed value: $40,440
- Annual tax amount: $848
- Price range: $92.5K - $92.5K
- Date on market: 5/6/2026
- Cumulative days on market: 12 days
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Sold | $92,500-7.4%$128/sqft |
Source:  NorthWest Illinois Alliance of REALTORS® #202602551 Report a problem | ||
| 5/18/2026 | Contingent | $99,900$139/sqft |
Source:  MRED as distributed by MLS GRID #12640496 Report a problem | ||
| 5/18/2026 | Pending sale | $99,900$139/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202602551 Report a problem | ||
| 5/6/2026 | Listed for sale | $99,900$139/sqft |
Source: NorthWest Illinois Alliance of REALTORS® #202602551 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $848 -0.6% | $13,480 +4.5% |
| 2023 | $853 +11.6% | $12,899 +6.1% |
| 2022 | $765 +43.3% | $12,160 +19.1% |
| 2021 | $534 +5.4% | $10,208 +3.2% |
| 2020 | $506 -11.6% | $9,890 -4.4% |
| 2019 | $573 -57.1% | $10,345 +2.4% |
| 2018 | $1,335 +156.9% | $10,102 +1.7% |
| 2017 | $519 -60.4% | $9,931 -1% |
| 2016 | $1,310 +164.5% | $10,031 +1.9% |
| 2015 | $495 -5.5% | $9,846 -5.2% |
| 2013 | $524 | $10,383 -24.5% |
| 2010 | -- | $13,744 -1.6% |
| 2009 | -- | $13,962 |
| 2008 | -- | $13,962 |
Find assessor info on the county website
Neighborhood: 61032
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Nearby schools
GreatSchools rating
- 5/10Lincoln-Douglas Elementary SchoolGrades: PK-4Distance: 0.4 mi
- 3/10Freeport Middle SchoolGrades: 7-8Distance: 1.4 mi
- 1/10Freeport High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Freeport 145
- Middle: Freeport Jr High
- High: Freeport High
- District: Freeport 145
Source: NorthWest Illinois Alliance of REALTORS®. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$92,300
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$94,146
- Illinois
- Stephenson County
- Freeport
- 61032
- 550 N Waddell Ave
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