Closed

$150,000

12393 IL-1, Grant Park, IL 60940
5 Beds3 Baths0 sqft17 days
12393 IL-1·Grant Park, IL 60940
5Bedrooms
3Bathrooms
0Sq Ft
1858Year Built
About This Home

*MULTIPLE OFFERS RECEIVED - PLEASE SUBMIT HIGHEST & BEST OFFERS BY 10:00AM MONDAY, SEPTEBMER 1, 2025* The classic Italianate style split-level architecture of this historic canvas awaits in Grant Park! This property is not for the faint of heart though - it's for the visionary with a passion for preservation or the planner ready to create a brand-new masterpiece. Situated on over 4 sprawling acres, this storied property offers incredible privacy and endless potential. Bring your ideas and create a welcoming homestead, a lovely inn, or even an Airbnb in a community with abundant small-town charm. The single-family home, 20'x20' garage, and greenhouse all require a full, top-to-bottom rehab (or potential demolition). Additionally, there is a 24'x50' pole barn with concrete floor, which is in better shape but also needs work. The lot itself is heavily overgrown and will require significant clearing. Currently owned by the Village of Grant Park, the sale is subject to certain post-closing requirements. The buyer will be responsible for meeting specific conditions after the sale is finalized, which may include improving the property's overall appearance and land within a given timeframe. Sold strictly AS-IS. Room count & measurements are estimated. The property cannot be conveyed in "broom clean" condition; any remaining personal property or debris is the buyer's responsibility. Currently zoned R1 Single-Family Residential, a zoning modification may be necessary depending on your plans. Located within the village limits, no horses or livestock are allowed, but an ordinance recently passed allowing chickens. Please do not visit the property without an approved showing. For details on these specific terms, including any pre-showing requirements, contact your Realtor. The unbeatable location-just 50 minutes south of Chicago, 20 minutes from the major retail hub of Bourbonnais, and 10 minutes from the Indiana border-is perfect for any lifestyle. You'll be close to all your necessary amenities, including groceries, banks, healthcare, restaurants, and a variety of shops & services. Outdoor enthusiasts will love the nearby golf courses, sports fields, fitness centers, parks, and year-round activities. Both a community college and a university are close at hand, and commuters will appreciate being just 25 minutes to the Metra train. The highly acclaimed Grant Park School District adds even more appeal, earning repeated recognition from U.S. News & World Report, Niche, and The Kankakee Journal for excellence in academics, athletics, and community involvement. Don't miss this one-of-a-kind opportunity to shape the promising future of this amazing property.

MLS# 12442794Listed August 19, 2025Residential
Property Details

Beds & Baths

Total Bedrooms5
Total Bathrooms3
Full Baths3
Half Baths0
Total Rooms11

Size & Structure

Living Area0 sqft
Year Built1858
Lot Size4.160 acres

Location

CountyKankakee
TownshipYellowhead
Zip Code60940

Financial

List Price$150,000
Parcel #01042030004800
Interior Features

Flooring

Hardwood

Heating

Natural Gas

Cooling

None

Basement

None
Exterior & Lot

Construction

Wood Siding

Lot Features

WoodedMature Trees
Utilities & Parking

Sewer

Septic TankPublic SewerOther

Water Source

PublicNone

Parking

AsphaltDrivewayYesOwned
HOA & Community
HOA Fee
$0
Not Applicable

HOA Includes

None

Community Features

ParkSidewalksStreet LightsStreet Paved
Property Location

12393 IL-1, Grant Park, IL 60940 — Kankakee County

$150,000
12393 IL-1
5 bd3 ba0 sqft
VL
Vittoria Logli
Top Glenview Agent

IL License 475.178467 · (847) 810-8438

Quick Facts
17 days on market
4.160 acres
$0 HOA (not applicable)
$788
estimated monthly payment
Principal & Interest
$788/mo
$150,000
20% — $30,000
3%50%
6.875%
3%12%
Loan Amount
$120,000
Down Payment
$30,000

* Estimated payment only. Actual rates, taxes, and insurance may vary. Contact a lender for a personalized quote.

Listed by
McColly Real Estate
Agent: Cara Lipinski
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