c.1895 Illinois Starter Home For Sale $38K

$38,000

Proven cash-flow potential! Previously generating $615/month in rental income, this Illinois starter home features low-maintenance hard-surface flooring throughout and a manageable, low-upkeep yard—maximizing net returns and minimizing owner maintenance.

Realtor Comments

Up for your consideration is a great little rent house to add to your investment portfolio or a small one bedroom home to live in. The home was rented this year for $615/mth. Hard surface flooring throughout. Small size yard for easy maintenance. Get in touch with your favorite agent to see this one for yourself. Property is agent owned.

1bd
1ba
624sqft
5,053sqft loto
Circa 1895

More Illinois Properties

632 Lakeview Dr, Hillsboro, IL 62049

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

Contact Realtor: Tyler Schmitt
Brokered by That’s A Wrap Realty
Google Maps
Niche

The Pros

Exceptional Real Estate Affordability: Housing costs sit significantly below national and state averages. Median home prices typically range from $100,000 to $150,000, making entry-level homeownership, historic home restoration, or acreage highly accessible.
Lakefront Recreation & Outdoor Living: With Glenn Shoals Lake (a 1,200-acre reservoir) and the smaller Old Hillsboro Lake right in town, residents enjoy immediate access to boating, waterskiing, fishing, camping, and scenic waterfront views.
Downtown Revitalization & Historic Charm: Hillsboro has seen active grass-roots downtown revitalization, bringing restored historic buildings, local coffee shops, boutique stores, a craft brewery, and community events to its central district.
County Seat Amenities & Healthcare: As the seat of Montgomery County, Hillsboro hosts municipal services, court facilities, and local healthcare anchored by Hillsboro Area Hospital, providing essential medical care close to home.
Peaceful, Low-Traffic Environment: Daily travel in town is effortless with no traffic congestion, providing a quiet, family-oriented pace of life.

The Cons

Narrow Local Job Market: Outside of healthcare, county government, public education, local manufacturing, and agriculture, specialized corporate or high-paying career opportunities inside town limits are limited, often requiring remote work or commutes.
Distance to Major Metropolitan Hubs: While Springfield, IL is about 45 to 50 minutes north and St. Louis, MO is roughly 1 hour and 15 minutes southwest, reaching major international airports, large cultural venues, and big-box shopping requires a drive.
High Illinois Tax Overhead: Despite low purchase prices, Illinois carries higher state income tax rates and local property tax structures relative to home values compared to neighboring states.
Limited Local Retail & Dining Variety: While downtown features local gems, daily shopping relies heavily on small local retailers and convenience options; broader chain options or specialized retail require trips to Litchfield (~15 minutes) or Springfield.
Car-Dependent Layout: Outside of the immediate downtown core, errands and regional travel require a reliable personal vehicle.