under $150,000 cheap property Sheldon Illinois
$
119,900
← Back to Latest Deals
Sheldon, Illinois
445 N 5th St
3
Beds
1
Baths
1395
Sq Ft
1942
Built

Renovated, Garage, Farmhouse, Historic

Updated 1942 Sheldon Three-Bedroom with Garage and Finished Attic — $119,900

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%71395 sqft, 2-car garage, finished attic, fenced yard, multiple decks
Condition25%8Named dates for heating (1yr), electrical (1yr), kitchen (5yr), bath (3yr), flooring (4yr)
Price / Sq Ft15%3Listing $86/sqft vs zip median $47/sqft — 83% above median; thin 7-comp data noted
Price vs. Market5%2$119,900 is 41% above zip median $84,875 — priced well above local sales
Market Conditions5%8Sale-to-list 90.3%, price drops 39.6%, DOM 59 days — clear buyer's market

The kitchen is the best thing in this house. White cabinets, dark counters, a farmhouse sink, center island, pendant lighting, stainless appliances — all of it updated around five years ago and still looking sharp. It connects to the living room in a way that makes the main floor feel bigger than 1395 square feet suggests. The flooring through most of that level was redone about four years ago, the bathroom was refreshed three years back, and the heating system and 200-amp electrical panel are both roughly a year old. That is a lot of work done in a tight window, and it shows in the scores for condition. Someone put real money into this place.

The finished attic adds a third space that could go a few directions — a bedroom, a workroom, somewhere for the kids to disappear. It has carpet, wood paneling, and the sloped ceilings that come with the territory up there. Not huge, but usable.

Outside, there is a front deck, a larger rear deck, a fenced backyard, a storage shed, and a two-car detached garage at the end of a concrete driveway. The lot runs about 65 by 144 feet, so there is room to move. The setup works for a family with kids, a dog, or any amount of outdoor gear to store.

Now, the hard part. This is priced at $86 per square foot in a zip code where the median sits around $47. The listing is asking 41 percent above the local sales median of roughly $84,000. In a market where nearly 40 percent of listings take price cuts and the average home spends about 60 days sitting, that gap matters. The comps are thin — only seven — which means the data has some uncertainty in it, but the direction is clear. Buyers here have leverage.

What the price buys is a house where the work is already done. New mechanical systems, a renovated kitchen, updated bathrooms and floors, a garage, and a finished attic. If you want to move into something that does not need immediate attention, that has a cost. Whether this particular number is the right one is worth negotiating seriously.

View on Realtor.com

See Photos, Map & Full Details

Full listing details, agent contact, and mortgage calculator
View Full Listing →
Opens on Realtor.com · Free to view