c.1905 3 Bedroom Illinois Handyman Special With Hardwoods $45K
OHU50K Notes $45,000
Realtor Comments
1905 2-Story Home | 3 Beds | 1.5 Baths | Balcony | Walk in closets | 2-Car Garage | Large Lot Step into the charm of early-1900s craftsmanship with the major mechanical updates already completed for you. This solid 2-story home offers approximately 1,750 sq ft of living space including a heated and cooled mud room that is a great entry right off the two car garage. Key Features & Major Updates * All new PEX plumbing throughout (all galvanized removed) * Updated water main shutoff, disconnect valves, and new backflow preventer. * Two new freeze-proof exterior spigots * New 100-amp breaker panel and updated Romex electrical * High-efficiency furnace (~7 years old) – heat is fully operational * Central air ready – only outdoor condenser + line set needed * Richmond 40-gallon water heater. * Basement cleaned & utility-ready with new sump pump. * Vinyl siding, soffit, and gutters installed approximately late 1980s-90s * Functional floorplan with first-floor laundry and full bath 3 Bedrooms (3 upstairs + possible main-floor bedroom/flex room) 1.5 Bathrooms – both fully functional with new toilets Large kitchen – functional now, ready for full remodel to your taste Huge backyard with mature trees: Maple, Spruce, Redbud & more 2-car garage + lean-to sunroom space. Kitchen and downstairs bathroom need remodeled * Flooring refinishing (original pine plank floors!) * Optional A/C condenser replacement to restore central air * Rebuilding the missing front porch (excellent curb appeal) * Interior paint and finish updates of buyer’s choosing or gut and insulate. Needs a roof replacement in the near future. About the Home Originally constructed in 1905, this home retains its charm while benefiting from decades of upgrades including forced-air conversion with professionally installed ductwork and returns in nearly every room – craftsmanship that stands out. Upstairs bedrooms each feature walk-in closets and a shared half bath as well as a balcony over the front porch. The enclosed rear porch adds 200 additional square feet of conditioned living space, great as a dining area, office, or mudroom with a massive coat closet. The basement is suitable for utilities and storage only, with updated lighting and safe access. Why You’ll Love It Historic character with big-ticket mechanical and plumbing items done Starter Home opportunity Large shaded yard in a small-town neighborhood in a very quiet part of the Village. Flexible floor plan, first-floor laundry Strong bones – solid foundation, weather-tight exterior.
- 3 bed
- 1.5 bath
- Build date 1905
320 S 5th St, Sheldon, IL 60966 $45,000
- Contact Realtor: Misael Chacon
- Google Map
- Niche
Pros of Living in Sheldon, IL
Very Low Cost of Living
According to AreaVibes, the cost-of-living index is 79, which is about 21% below the national average.
Housing is extremely affordable: median home price is around $63,700, and average rent is ~$599.
Zillow data shows home values are very modest (average roughly $66,636).
Relatively Low Crime
CrimeGrade.org gives Sheldon a B for violent crime and B- for property crime, meaning it’s safer than many U.S. places.
According to Areavibes, crime is “far below the national average” in total.
Affordable, Long-Term Homeownership Potential
High homeownership rate: around 68% of homes are owner-occupied in Sheldon.
Because homes are inexpensive and property values are relatively low, it’s a good market for first-time buyers or those looking for low-cost housing.
Small, Tight-Knit Community
Sheldon is very small: as of the 2020 census, its population was just 965.
For people who want “small-town life,” close community ties, and less traffic, this is a benefit.
Reasonable Commutes
According to DataUSA, the average commute in Sheldon is ~20.7 minutes, which is modest.
Since it’s small, many work locally or in nearby areas, which helps keep commute times down.
Stable Education & Livability Factors
Citytistics lists “Education” as a pro for Sheldon.
For a small village, the quality of life (cost, safety, space) is attractive to people looking for a slower pace and good value.
Historic & Rural Character
According to NeighborhoodScout, Sheldon has an older housing stock (pre–World War II architecture), giving it charm and character.
Rural location: more space, quieter surroundings, and a slower pace.
Cons / Challenges of Living in Sheldon, IL
Declining / Very Small Population
Citytistics notes that Sheldon’s population is small (around ~1,300 in some counts) and has declined in recent years.
Small population can mean limited local services, fewer businesses, and less “growth energy.”
Limited Employment Opportunities
According to Areavibes, Sheldon has a relatively low employment score: “low household income levels and high unemployment rates” are flagged.
DataUSA shows a drop in employed population (from 629 to 586) in recent years.
The economy is more blue-collar: NeighborhoodScout reports many people work in transport, construction, or sales.
According to DataUSA, a significant share of the economy comes from retail, health care/support, and construction.
Aging / Low Educational Attainment
NeighborhoodScout indicates very low percentage of residents with a 4-year degree (only about 6.86%).
If you value a highly educated community or want to send kids to top-tier schools, this could be a drawback.
Poverty Rate
DataUSA reports a poverty rate in Sheldon of 17.4%.
Median household income is modest (~$43,942 according to DataUSA).
These economic realities may affect access to services or economic mobility for some residents.
Limited Amenities & Walkability
According to Areavibes, many amenities are not within walking distance, so residents likely need a car for most errands.
As a small village, it’s unlikely to have a wide variety of restaurants, shops, entertainment, or specialized services.
Aging Housing Stock
Some housing is quite old, given the historic character of the village.
Older homes may require more maintenance, and there may be fewer new construction options.
Population Demographics / Age
The median age is relatively high (DataUSA reports ~45.4 years).
Fewer young families or children might mean less dynamic community growth and fewer youth-centered amenities.
