Character Home, Garage, Historic
1900 Newman Corner Lot with Climate-Controlled Garage, Garden, and Trees — $72,500
6
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 7 | 1900 build, 0.41 acres, corner lot, mature trees, garden, climate-controlled 2-car garage |
| Condition | 25% | 5 | Sold as-is; tankless water heater 3-4 yrs old, one window replaced — systems largely unknown |
| Price / Sq Ft | 15% | 9 | Listing $63/sqft vs zip median $116/sqft — 46% below; 5 comps, directional but meaningful |
| Price vs. Market | 5% | 6 | $72,500 vs zip median $114,716 — approximately 37% below median |
| Market Conditions | 5% | 6 | DOM 10 days median, sale-to-list 98%, price drops 42.4% — strong buyer signal on drops |
The garage is the first thing worth pausing on. It's a detached two-car with heating and air conditioning, which means it functions year-round as a workshop, studio, or serious hobby space. That's not a standard feature at any price, and at $72,500 it's a genuine bonus. But it's not why you'd buy this house.
You'd buy it for the 0.41-acre corner lot with mature trees and an established garden on a street in a small Illinois town. A 124-year-old house on that much land, priced at $63 a square foot when the zip code median is $116 — that gap is real. Five comps, not a dozen, so take it with some caution, but even directionally it's a meaningful number. The full picture puts the listing about 37% below the zip median by sale price.
The house itself is 1,145 square feet, three bedrooms, one bath. It's being sold as-is, which is the honest way to say the systems haven't been opened up and assessed. The tankless water heater is three to four years old. One dining room window was replaced about five years ago. Everything else is an open question — age, condition, what needs work. You should go in expecting to spend money on things you can't see in photos, because that's what as-is means.
The lot and the land and the climate-controlled garage are what you're actually buying. The house is what you're inheriting along with them, and it will need attention. At this price, there's room in the budget to do it. The corner position and mature plantings mean the outdoor space already has shape to it — a garden that's been established, trees that are grown, a yard with some depth to it. You're not starting from scratch outside. Inside, that's less clear.
The white shed on the east side does not transfer with the sale. Everything else does.
