$89,900
$15K PRICE DROP

551 3rd St Lincoln, IL 62656

Estimated payment $619/month

Total Views 17,775
3 Beds
2 Baths
1,152 Sq Ft
$78 Price per Sq Ft

About This Home

This 3-bedroom, 2-bath single-family home offers 1,152 square feet of comfortable living space with a functional layout suited for everyday living. The home features a spacious living area, generously sized bedrooms, and a practical kitchen with ample cabinet space. Enjoy additional living space with the enclosed front porch, perfect for relaxing or extra storage. The fenced backyard offers room for pets, play, or entertaining, and includes a storage shed for tools and outdoor equipment. Central air system is present but currently needs repair, offering an opportunity for future improvement and added value. With a few updates, this property has great potential for both homeowners and investors. Property is being sold As-Is.

Listing Agent

Kayla Wilson

Land & Home Real Estate Brokerage Phone: 217-314-1293 License #475211997 Listed on: 02/19/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1951

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 199x40

Parking

  • On-Street Parking

Home Design

  • 1,152 Sq Ft Home
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Central Elementary School
  • Lincoln Jr High Middle School
  • Lincoln High School

Utilities

  • Window Unit Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 12-471-016-00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,716

Year Built

Built in 1951

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1951
  • Architectural Style: Other
  • New Construction: No
  • Property Attached Yn: No
  • Attribution Contact: Pref: 217-314-1293
  • Special Features: None

Interior Features

  • Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1152
  • KitchenDining: Eat-In Kitchen

Exterior Features

  • Lot Features: Other
  • Construction Type: Vinyl Siding
  • Roof: Shingle
  • 100YearPlain: No

Garage/Parking

  • Garage Yn: No
  • Parking Features: On Street

Utilities

  • Heating: Natural Gas, Window Unit(s)
  • Water Source: Public, Public Sewer
  • UtilitiesOnYN: Yes

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Elementary School: Central
  • High School: Lincoln
  • Middle Or Junior School: Lincoln Jr High

Lot Info

  • Lot Size Acres: 0.18
  • Lot Size: 199x40
  • Parcel #: 12-471-016-00

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1715.6
  • TaxExemptions: None

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 $1,716 $18,970 $4,880 $14,090
2023 $1,010 $17,570 $4,520 $13,050
2022 $1,010 $16,380 $4,210 $12,170
2021 $954 $15,770 $4,050 $11,720
2020 $1,778 $24,180 $4,050 $20,130
2019 $1,729 $23,710 $3,970 $19,740
2018 $1,661 $22,800 $3,820 $18,980
2017 $1,652 $22,800 $3,820 $18,980
2016 $1,636 $23,060 $3,860 $19,200
2015 $1,488 $22,310 $3,720 $18,590
2014 $1,488 $22,310 $3,720 $18,590
2013 $1,488 $20,590 $3,430 $17,160
2012 $1,488 $20,890 $3,480 $17,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2026 04/09/26 Price Changed $89,900 -10.1% $78 / Sq Ft
03/17/2026 03/17/26 Price Changed $100,000 -4.8% $87 / Sq Ft
02/19/2026 02/19/26 For Sale $105,000 +288.9% $91 / Sq Ft
10/29/2019 10/29/19 Sold $27,000 0.0% $23 / Sq Ft View Prior Sale
10/29/2019 10/29/19 Sold $27,000 0.0% $23 / Sq Ft View Prior Sale
09/30/2019 09/30/19 Pending -- -- --
09/30/2019 09/30/19 Pending -- -- --
09/17/2019 09/17/19 For Sale $27,000 0.0% $23 / Sq Ft
09/15/2019 09/15/19 For Sale $27,000 0.0% $23 / Sq Ft
08/14/2019 08/14/19 Off Market $27,000 -- --
07/31/2019 07/31/19 For Sale $27,000 -- $23 / Sq Ft
Source: RMLS Alliance

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $27,000 None Available
Warranty Deed -- None Available
Deed $65,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $24,300 New Conventional
Source: Public Records

Source: RMLS Alliance

MLS Number: CA1041861

RMLS Alliance

APN: 12-471-016-00

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