c.1903 Three Bedroom Illinois Handyman Special Under $28K
OHU50K Notes $27,500
c.1903 Three Bedroom Illinois Handyman Special. Small town living at its best. This home needs some major repair but once it is spruced up it sits in a nice location.
Realtor Comments
This three-bedroom home features a two-car garage and a nice, flat yard. The property is being sold in as-is condition and requires some TLC. An earnest money deposit of 1% of the purchase price, or $1, 000 whichever is greater is required. All initial offers must be submitted via ProOffers.com by the buyer’s agent only. Buyers and their agents are responsible for verifying all information. Measurements are approximate. Disclosures are available on the website.
- 3 bed
- 1 bath
305 N Main St, Chadwick, IL 61014. $27,500
- Contact Realtor: Jeffrey Wehr
- Google Map
- Niche
Pros
• Exceptionally Affordable Living
Cost of living is ~19–23% below U.S. average, and ~16–18% below Illinois average, making everyday expenses notably low.
Median home values are around $88,000, nearly 60% below the national figure; two-bedroom rent averages ~$760/month, also well below the state and national norms.
• Stable Homeownership & Family-Friendly Character
Roughly 78% of residents own their homes, signaling high stability and long-term ties.
Ranked highly for education locally—parents praise the close community and top-rated K–12 schools.
• Very Low Poverty & Moderate Income Levels
Poverty rates are exceptionally low (~2–5%). Median household income is around $50K–66K, near or just under national averages.
• Low Unemployment & Commute Patterns
Unemployment remains low (~1.4%); most people commute by car (~31 min average), typical for rural areas.
• Well-Regarded Schools
The Chadwick‑Milledgeville Community Unit School District scores well, with high graduation rates (~90%) and small class sizes (~9–11 students/class).
• High Livability Rating
Citytistics and AreaVibes both score Chadwick strongly for livability, citing cost, safety, and schooling as strengths.
Cons
• Very Small & Declining Population
With around 480–580 residents, the town is tiny and saw a slight population decline (~–3% over five years).
Limited local economy and services; many residents commute or travel for essentials and jobs.
• Limited Amenities & Accessible Infrastructure
Few to no retail shops, grocery stores, gas stations, or healthcare facilities in town—daily errands require driving to nearby towns.
• Higher Crime Compared to State Norms
Chadwick’s crime rate is about 40–44% above the Illinois average, with a roughly 1 in 36 chance of becoming a victim.
• Minimal Diversity
The village is predominantly White (~90–97%), with limited ethnic or cultural variety and low immigration.
• Lack of Nightlife, Entertainment & Youth Activity
Social and cultural offerings are minimal. Residents note few things to do locally, especially for younger people or families looking for variety.
