Historic, Character Home, Garage, Acreage
1920 Lawrenceville Four-Bedroom on Three Lots, Detached Garage — $69,900
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 9 | 1920 character home, 2,420 sqft, 4BR/3BA, 0.91 acres (3 lots), detached garage |
| Condition | 25% | 5 | Fannie Mae HomePath/as-is language; no system dates, condition unknown — historic exception applies |
| Price / Sq Ft | 15% | 10 | $29/sqft vs $82 zip median — 65% below; thin 7-comp data but directionally strong signal |
| Price vs. Market | 5% | 8 | $69,900 vs $118,949 median — 41% below; thin 5-sale market, directional only |
| Market Conditions | 5% | 5 | DOM 3 days median, 97.4% sale-to-list, 24.8% price drops — mixed signals, floor applied |
Twenty-nine dollars a square foot. That number is the reason to pay attention here. The zip code median runs around $82 per square foot, and this 1920 house in Lawrenceville is coming in 65% below that. For $69,900 you get 2,420 square feet, four bedrooms, three bathrooms, a detached garage, and 0.91 acres spread across three city lots. That is a lot of house and a lot of land for a price that, in most markets, would get you a one-bedroom condo deposit.
The house itself is a century old, and a 1920 build of this size usually means something worth keeping: tall ceilings, real trim, rooms with actual proportions. That is the upside of age. The downside is that this is a Fannie Mae HomePath sale, listed as-is, with no information available on mechanicals, systems, or when anything was last updated or replaced. You go in without knowing what the roof, furnace, or wiring look like, and you buy it knowing Fannie Mae will not negotiate based on what you find. That is a real unknown and it belongs in your budget math before you make an offer, not after.
The three lots are worth thinking about separately from the house. Nearly an acre in a small Illinois city means room for a large garden, outbuildings, parking, or just open space. You could also hold the extra lots as land if local zoning allows. The detached garage adds covered storage or workspace without eating into the yard.
Four bedrooms and three baths gives a family room to spread out, or a household that needs dedicated space for work, guests, or a relative. At this price, there is money left over to find out what the house actually needs and address it. That is the math that makes this worth a hard look.
Originally listed for $69,900, this property sold for $65,000 on October 21, 2026 after 26 days on the market.
