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Key Details
Sold Price $30,000
Property Type Single Family Home
Sub Type Detached Single
Listing Status Sold
Purchase Type For Sale
Square Footage 996 sqft
Price per Sqft $30
MLS Listing ID 12175573
Sold Date 06/17/25
Bedrooms 3
Full Baths 1
Year Built 1900
Annual Tax Amount $1,138
Tax Year 2023
Lot Dimensions 50 X 150
Property Sub-Type Detached Single
Property Description
CONTRACT SALE OPTIONS! Charming Fixer-Upper in Gilman, IL - Great Investment Opportunity! Due to a new job, the owner is moving on from this project, offering you a chance to create your dream home. This cozy 3-bedroom, 1-bath home with a full basement (which includes a shower and potential for an additional bathroom) and a detached 1-car garage is located on a corner lot in the heart of Gilman. With 996 square feet of potential, this property is a true diamond in the rough. It's situated in a quiet neighborhood, close to local amenities and schools. **Investment Potential:** The owner estimates an After Repair Value (ARV) of 135k with a remodel cost of approx 25k-ideal for investors or DIY enthusiasts looking for a great opportunity. Several nearby properties are also being renovated, providing strong comparables. Key updates include professionally replaced electrical systems and paid finishes (lights, switches, etc.), offering a solid foundation for your renovations. The spacious living area and functional kitchen layout are ready for your design ideas. Plus, the large backyard is perfect for gardening or outdoor gatherings. Bring your vision and transform this house into a beautiful home! Whether you're looking to flip or invest in a rental property, this is a must-see opportunity in Gilman. Don't miss out-schedule your viewing today!
Location
State IL
County Iroquois
Area Gilman
Rooms
Basement Unfinished, Full
Interior
Heating Natural Gas, Electric, Forced Air
Cooling Central Air
Fireplace N
Exterior
Garage Spaces 1.0
Building
Lot Description Corner Lot
Building Description Aluminum Siding, No
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding
New Construction false
Schools
School District 10 , 10, 10
Others
HOA Fee Include None
Ownership Fee Simple
Special Listing Condition None
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© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Steven Holsapple • Gold Key Realty Corporation