12393 E IL-1, Grant Park, IL 60940 (MLS # 12442794)

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PRICE $150,000 BEDS 5 BATHS 3 HOME SIZE 1,236 sqft LOT SIZE 4.16 ac Request More Info Schedule a Showing

*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.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of MRED. All real estate listings are marked with the Broker Reciprocity^SM logo or the MRED Broker Reciprocity^SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

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