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216 E Franklin Street Olney, IL $ 75,000
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$ 75,000 Get more info
216 E Franklin Street
$ 75,000
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216 E Franklin Street

Olney, IL, 62450
$ 75,000
Bedrooms3 Baths1.0 Sq 942

Monthly Estimate*

$ 462

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Single Family Home for sale in Olney, IL

for $75,000 with 3 bedrooms and 1 full bath. This home is 942 square feet.

Move-in ready with immediate potential, this property offers a flexible opportunity for a wide range of buyers. Whether you're looking for a primary residence, rental investment, or your next renovation project, this home delivers a solid foundation to build on. The interior is functional and livable as-is, allowing for a seamless move-in experience, while still offering room for cosmetic updates to elevate value over time. For investors, this creates an ideal scenario for a light-value-add flip or a rent-ready asset with upside. With the option to update at your own pace or enjoy the home in its current condition, this property presents a practical and strategic opportunity in today's market.

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Single Family Active

Price

$ 75,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 926

Style

Town/City

Olney

County/Region

Richland

MLS | Web ID

12624678
Features
General
Living Area 942
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling Central Air
Possession Closing
Association Fee Includes None
Construction Materials Vinyl Siding
Township Olney
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Richland
New Construction N
Property Type Residential Detached Single
Total Rooms 6
Full Baths 1
Status New
Directions From U.S. Route 50 head north on North West Street into town. Continue straight then turn right onto East Franklin Street. The property at 216 East Franklin St will be on your right.
City Olney
High School District 1
MLS Area Olney
Tax Annual Amount 926
Standard Status Active
Middle/Junior School District 1
Elementary School District 1
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Interior
Basement None
Half Baths 0
Total Bedrooms 3
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 3
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Exterior
Water Source Lake Michigan
Total Parking 1
Lot Dimensions 6717
Waterfront Y/N N
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* Excluded Features
List By
Ejc Real Estate Services

Broker

krystal@reviveregroup.com

Email

Affordability Calculator

$539
Per Month
86%
14%
0%
Monthly Principal & Interest
$462
Monthly Property Taxes
$77
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565620 Elementary School
565526 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/21/2026$75,000 Listed Price

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216 E Franklin Street, Olney, IL, 62450 is a Single Family Home for sale at $75,000 with 942 sqft. 216 E Franklin Street has 3 bedrooms and 1.0 baths. The property's zip code is 62450 which is in Olney, IL

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