$185,000
SOLD DEC 5, 2025

280 W Exchange St Crete, IL 60417

6 Beds
2 Baths
2,300 Sq Ft
1899 Built

Recently Sold

$80 Per Sq Ft

30% Below List Price

308 Days on Market

Highlights

  • Second Kitchen
  • Main Floor Bedroom
  • Formal Dining Room
  • Wood Flooring
  • Victorian Architecture
  • 2 Car Detached Garage

About This Home

As of December 2025

Nestled on a peaceful, long private drive just 6 blocks east of downtown Route 1, this solid, character-filled home offers a unique investment opportunity. Set on 1.24 acres, this spacious property has been configured as a two-unit home for over 60 years. With 3 bedrooms and 6 rooms on each floor, you can live in one unit and rent the other. The house boasts an updated boiler system (new pumps & burners 2015), roof updated around 2009, windows updated to high efficiency in 2015, and hardwood floors throughout most of the home. While the home is well-maintained, it does need a little TLC and personal touches to make it your own. The full unfinished basement includes a laundry area, an extra shower, and a large room framed out and ready to be finished as a recreation or entertainment space, adding even more potential for customization. Outdoors, enjoy the expansive yard with a vacant lot to the west, perfect for outdoor activities or potential development. A large garage and shed complete this inviting package. Built in 1899, with a foundation replaced 60 years ago, this home blends historical charm with modern updates. Don't miss this rare opportunity-schedule your showing today!

Last Agent to Sell the Property

Amy Izzo

eXp Realty Brokerage Phone: (708) 359-6510 License #475172618 Listed on: 12/06/2024

eXp Realty

Last Buyer's Agent

Matt Nee

Village Realty Inc License #475173899

Village Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,131

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 370x185
  • Additional Parcels

Parking

  • 2 Car Detached Garage
  • Parking Available
  • Garage Door Opener
  • Side Driveway
  • Gravel Driveway
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Victorian Architecture
  • Block Foundation
  • Asphalt Roof
  • Aluminum Siding
  • Clad Trim
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,300 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Screens
  • Family Room
  • Living Room
  • Formal Dining Room
  • Carbon Monoxide Detectors

Kitchen

  • Second Kitchen
  • Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • Main Floor Bedroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Finished Basement Bathroom

Outdoor Features

  • Shed

Schools

  • Crete Elementary School
  • Crete Monee Intermediate Ctr
  • Crete-Monee High School

Utilities

  • No Cooling
  • Zoned Heating
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Individual Controls for Heating
  • 100 Amp Service
  • Gas Water Heater

Community Details

  • 2 Unit

Listing and Financial Details

  • Homeowner Tax Exemptions

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,131

Year Built

Built in 1899

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: 2 Stories
  • Ownership: Fee Simple
  • ArchitecturalStyle: Victorian
  • New Construction: No
  • Property Sub-Type: 2 Stories
  • Year Built: 1899
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • Attribution Contact: (708) 359-6510
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement: Unfinished, Full
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 6
  • Flooring: Hardwood
  • Interior Amenities: 1st Floor Bedroom, In-Law Floorplan, 1st Floor Full Bath
  • LivingArea: 2300
  • Other Equipment: CO Detectors, Ceiling Fan(s), Sump Pump, Water Heater-Gas
  • Room Type: Bedroom 5, Bedroom 6, Kitchen
  • Window Features: Screens
  • Estimated Total Finished Sq Ft: 2300
  • Bathroom Amenities: Separate Shower
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Dining Room: Separate
  • Total Sq Ft: 3400
  • Flooring: Hardwood

Exterior Features

  • Construction Materials: Aluminum Siding, Clad Trim
  • Foundation Details: Block, Concrete Perimeter
  • OtherStructures: Shed(s)
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Gravel, Side Driveway, Garage Door Opener, Yes, Garage Owned, Detached, Off Street, Driveway, Owned, Garage
  • ParkingTotal: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating: Natural Gas, Steam, Radiator(s), Indv Controls, Zoned
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Crete Elementary School
  • High School: Crete-Monee High School
  • Middle/Junior School: Crete Monee Intermediate Ctr

Lot Info

  • Additional Parcels: Yes
  • Lot Dimensions: 370X185
  • Rural (Y/N): Y
  • Lot Size: 1.0-1.99 Acres
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7131.2
  • Tax Year: 2023
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2024
Closed on
Dec 5, 2025
Sold by
Magden Valeria and Magden Richard R
Bought by
Parker Alyssa
Seller's Agent
Amy Izzo
eXp Realty
Buyer's Agent
Matt Nee
Village Realty Inc
List Price
$265,000
Sold Price
$185,000
Premium/Discount to List
-$80,000
-30.19%
Views
897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2022.59%
Original Mortgage
$181,649
Outstanding Balance
$181,649
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$93,561

Purchase Details

Closed on
Jun 19, 2017
Sold by
Gilles Cheryl A
Bought by
Phh Mortgage Corporation

Purchase Details

Closed on
May 18, 2017
Sold by
Gilles Cheryl A and Gilles Cheryl
Bought by
Phh Mortgage Corporation

Purchase Details

Closed on
Apr 9, 2010
Sold by
Pansa Patsy
Bought by
Gilles Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
5.02%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $185,000 None Listed On Document
Sheriffs Deed -- Attorney
Trustee Deed $62,780 None Available
Trustee Deed $62,780 None Available
Warranty Deed $140,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $181,649 FHA
Previous Owner $137,464 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2025 12/05/25 Sold $185,000 -7.5% $80 / Sq Ft
10/10/2025 10/10/25 Pending -- -- --
10/07/2025 10/07/25 Price Changed $199,999 -11.1% $87 / Sq Ft
09/26/2025 09/26/25 Price Changed $225,000 -15.1% $98 / Sq Ft
12/06/2024 12/06/24 For Sale $265,000 +186.5% $115 / Sq Ft
01/17/2018 01/17/18 Sold $92,500 0.0% $40 / Sq Ft View Prior Sale
12/05/2017 12/05/17 Pending -- -- --
12/05/2017 12/05/17 Off Market $92,500 -- --
11/13/2017 11/13/17 For Sale $95,000 -- $41 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

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 $6,759 $67,147 $10,771 $56,376
2023 $6,759 $59,958 $9,618 $50,340
2022 $5,993 $53,287 $8,548 $44,739
2021 $5,727 $48,788 $7,826 $40,962
2020 $5,574 $45,725 $7,335 $38,390
2019 $3,531 $27,987 $6,894 $21,093
2018 $2,724 $27,385 $6,746 $20,639
2017 $2,536 $25,228 $6,215 $19,013
2016 $2,519 $25,065 $6,175 $18,890
2015 $2,453 $24,394 $6,010 $18,384
2014 $2,453 $24,641 $6,071 $18,570
2013 $2,453 $25,821 $6,362 $19,459
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12218490

Midwest Real Estate Data (MRED)

APN: 23-15-09-404-004