3/1 c.1900 Affordable Illinois Home Under $35K

$34,900

Unlock serious potential on a generous 50×140 corner lot! Offered in as-is condition, this 3-bedroom, 1-bath affordable Illinois home is a prime opportunity for buyers eager to renovate to their own taste. Inside, the practical layout anchors around an eat-in kitchen complete with dedicated laundry hookups—giving you solid bones and plenty of yard space to work with.

Realtor Comments

Presenting a solid investment or equity-building opportunity. Outside, the property offers a large front porch, a fenced yard, and a back patio located just off the rear exit. An alley runs behind the property, providing convenient rear access and ample room for a potential future addition, garage, or workshop.

3bd
1ba
1,064sqft
7,379sqft lot
Circa 1900

More Illinois Properties

106 S Prospect St, Coffeen, IL 62017 $34,900

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: Paul Perfetti

Brokered by Century 21 Reid Baugher Realty

-Google Maps

-Niche

Pros of Living in Coffeen

Rock-Bottom Housing & Living Costs: Overall cost of living sits roughly 18%–20% below the state and national averages. Median home values typically range from $60,000 to $102,000 (with recent typical market values around $100k–$136k), making homeownership unusually accessible—over 70% of residents own their homes.
Peaceful, Low-Traffic Environment: With only ~240 households, Coffeen has virtually no local traffic, quiet streets, and a slow, neighborly pace that draws retirees and families looking to escape crowded suburbs.
Outdoor Recreation at Coffeen Lake: Just south of town sits Coffeen Lake State Fish and Wildlife Area, a 1,100-acre cooling lake popular year-round for bass and catfish angling, boating, kayaking, hiking trails, and hunting.
Reasonable Regional Reach: While rural, residents are roughly 15 minutes from Hillsboro (the county seat), 20–25 minutes from Litchfield and I-55, and about 60–70 minutes from St. Louis, Springfield, and Effingham.

Cons of Living in Coffeen

Scarcity of Local Amenities: With a population under 650, local retail and dining are minimal. Full grocery runs,pharmacies, medical specialists, and entertainment require driving to Hillsboro, Litchfield, or Greenville.
Limited Local Job Market: Following the 2019 closure of the nearby Coffeen Power Station, local employment within city limits is scarce. Most working residents commute (averaging ~22–25 minutes) to surrounding towns for jobs in healthcare, retail, construction, agriculture, or manufacturing, or work remotely.
Total Car Dependency: Public transit and bike infrastructure do not exist here; a reliable personal vehicle is mandatory for daily errands and commuting.
Higher Property Crime Metrics & Aging Housing Stock: While daily life feels quiet, statistical crime indexes skew higher per capita than the Illinois average—primarily driven by property crime and the statistical volatility of a very small population. Much of the housing stock is also older and may require updates.
Illinois Property Taxes & Four-Season Weather: Even on low-assessed homes, Illinois’s high property tax rates add noticeably to monthly costs. Winters bring freezing temperatures, gusty winds across open farmland, and occasional ice/snow on rural two-lane roads.