c.1873 Five Bedroom Illinois Italianate For Sale Under $175K
OHU50K Notes $174,990
Realtor Comments
One of Lacon’s earliest known homes, believed to date back to circa 1873, this remarkable property offers a rare opportunity to own a piece of Illinois history. Built during the town’s earliest years, the home retains original woodwork, transom windows above solid wood doorways, a historic grand staircase, large build ins, and timeless architectural character. Original features also include a butler’s pantry with a pass through serving window to dining room, and a separate butler’s stairwell. With five bedrooms, two full baths, a newer roof (2022), and modern mechanical updates, this home thoughtfully blends historic charm with functional living. The exterior presents a stately facade accented by ornate corbels that wrap the home, reinforcing its distinguished architectural presence. A truly special property for those who appreciate craftsmanship, history, and character rarely found today. The estate sits on a double lot which is over half an acre with a detached two car garage and a couple porches. Agent Owned.
- bed
- bath
- Build date 1873
114 N Fulton St, Lacon, IL 61540 $174,990
- Contact Realtor: Jill Barclay
- Google Map
- Niche
Pros of Living in Lacon, IL
Low Cost of Living
Lacon’s overall cost of living is below both the national and Illinois averages, especially for housing — which can be around 40% lower than the U.S. average — making it relatively affordable to live here.
Affordable Housing
Median home values and prices in Lacon are significantly lower than in many other parts of the state, making home ownership more accessible.
Good Safety / Low Crime
Across several crime metrics, Lacon’s crime rates are generally lower than national averages, especially property crime, which contributes to a stronger sense of safety.
Small-Town, Scenic Setting
Lacon’s location on the Illinois River gives residents access to riverside scenery, outdoor activities, small parks, and community events. The city also hosts local celebrations like the Old Settlers’ Picnic and has historic charm downtown.
Community Feel & Historic Small-Town Character
With a population of under ~2,000 people, Lacon offers a close-knit community atmosphere that many people find appealing for families or retirees.
Cons of Living in Lacon, IL
Very Small Population & Limited Services
Lacon’s small size — about ~1,800–1,900 residents — means fewer entertainment, shopping, and job options locally versus larger cities. This often requires travel to nearby Peoria or other bigger towns for services.
Population Has Declined
Over the past several years, the population in Lacon has seen a slight decline, which can impact local economic vitality and growth.
Commutes Can Be Long
Average commute times for workers tend to be above the U.S. average (more than 30 minutes), as many residents travel outside the town for jobs.
Limited Public Transportation
Like many small towns, Lacon doesn’t have a formal public transit system, so owning a car is practically essential for getting around and accessing goods, services, and jobs.
Fewer Cultural & Entertainment Options
Small-town life means less nightlife, dining, cultural amenities, and diverse entertainment compared with urban or suburban areas of Illinois.
