$72,500
$3K PRICE DROP

216 E Franklin St Olney, IL 62450

Estimated payment $470/month

Total Views 2,679
3 Beds
1 Bath
942 Sq Ft
$77 Price per Sq Ft

Highlights

  • Living Room
  • 1-Story Property
  • Dining Room
  • Laundry Room
  • Forced Air Heating and Cooling System
  • Family Room

About This Home

Move-in ready with immediate potential, this property offers a flexible opportunity for a wide range of buyers. Whether you're looking for a primary residence, rental investment, or your next renovation project, this home delivers a solid foundation to build on. The interior is functional and livable as-is, allowing for a seamless move-in experience, while still offering room for cosmetic updates to elevate value over time. For investors, this creates an ideal scenario for a light-value-add flip or a rent-ready asset with upside. With the option to update at your own pace or enjoy the home in its current condition, this property presents a practical and strategic opportunity in today's market.

Listing Agent

Krystal Hudson

EJC REAL ESTATE SERVICES License #475215315 Listed on: 04/20/2026

EJC REAL ESTATE SERVICES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $926

Parking

  • 1 Parking Space

Home Design

  • Vinyl Siding

Interior Spaces

  • 942 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Home Details

Home Type

Single Family

Est. Annual Taxes

$926

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 1 Story
  • Ownership: Fee Simple
  • New Construction: No
  • Property Sub-Type: 1 Story
  • Age: 21-25 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Active
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 942
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0

Exterior Features

  • Construction Materials: Vinyl Siding
  • Waterfront: No

Garage/Parking

  • ParkingTotal: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Lot Info

  • Lot Dimensions: 6717
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 926
  • Tax Year: 2024

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $926 $18,192 $3,272 $14,920
2023 $844 $16,845 $3,030 $13,815
2022 $770 $15,598 $2,806 $12,792
2021 $748 $14,855 $2,672 $12,183
2020 $731 $14,564 $2,620 $11,944
2019 $738 $14,564 $2,620 $11,944
2018 $727 $14,564 $2,620 $11,944
2017 $710 $14,420 $2,594 $11,826
2016 $661 $13,733 $2,470 $11,263
2015 $621 $13,205 $2,375 $10,830
2014 $585 $12,946 $2,328 $10,618
2013 $481 $11,855 $2,131 $9,724
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2026 05/24/26 Price Changed $72,500 -3.3% $77 / Sq Ft
05/19/2026 05/19/26 For Sale $75,000 0.0% $80 / Sq Ft
05/02/2026 05/02/26 Pending -- -- --
04/20/2026 04/20/26 For Sale $75,000 -- $80 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12624678

Midwest Real Estate Data (MRED)

APN: 11-03-407-018

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