Cute 3/2 c.1936 Illinois Home and Garage Under $53K

$52,500

A smart addition to any portfolio. This 3-bedroom, 1.5-bath Illinois home features a reliable track record of $1,200 monthly rent, offering an immediate foundation for your next investment or value-add project.

Realtor Comments

Calling All Investors! Don’t miss this opportunity to add to your investment portfolio! Whether you’re an experienced investor or just getting started, this is an opportunity you won’t want to miss!

3bd
1.5ba
1,741sqft
0.23 acre
Circa 1936

More Illinois Properties

713 N Franklin St, Danville, IL 61832 $52,500

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: April Hix

Brokered by CLASSIC HOMES REALTY

-Google Maps

-Niche

The Pros

Exceptional Housing Affordability: One of Danville’s biggest draws is its real estate market. Home prices and overall cost of living are significantly lower than the national average and well below major metropolitan areas like Chicago or Indianapolis, making it an attractive spot for first-time buyers or DIY home restorers.
Outdoor Spaces & Recreation: The area features wonderful natural assets, including the expansive Kickapoo State Recreation Area and Kennekuk County Park. These neighboring parks offer miles of scenic hiking and mountain biking trails, fishing, boating, and picturesque lakes carved out of old strip-mining land.
Charming Historic Architecture: The city boasts rich history with lovely historic neighborhoods featuring classic mid-century and turn-of-the-century architectural styles.
Convenient Regional Access: Situated right along I-74, Danville provides easy driving access to larger neighboring hubs like Champaign-Urbana (home to the University of Indianapolis and extensive medical facilities) just 30 minutes away, as well as Indianapolis.

The Cons

Economic & Employment Challenges: Like many former manufacturing towns, Danville has faced economic headwinds following the departure of major industrial employers. Higher-paying local job opportunities can be limited, and median household incomes lag behind state averages.
Property Taxes: While purchasing a home is inexpensive, Illinois is known for having some of the highest property tax rates in the nation, which is an important factor to weigh when calculating long-term housing costs.
Retail & Dining Limitations: While everyday grocery stores and fast-casual chains are available locally, residents often travel to Champaign or West Lafayette/Indianapolis for specialized shopping, diverse dining options, and major entertainment venues.
Winter Weather: Winters in east-central Illinois are typical of the Midwest—cold, windy, and often snowy, with gray skies lingering through January and February.