140 S 4th Street
Albion, IL, 62806 $ 85,500
Bedrooms3 Baths1.1 Sq 1,400 Monthly Estimate*
$ 526
for $85,500 with 3 bedrooms and 1 full bath, 1 half bath. This 1,400 square foot home was built in 1960 on a lot size of 0.259.
Value-add opportunity in the heart of Albion! Welcome to 140 S 4th St, a 3-bedroom, 1 and a half bath home with additional potential and plenty of character. Built in 1960, this property is ideal for an owner-occupant looking to build equity through updates or an investor seeking a home with strong upside after renovation. The main floor features two bedrooms, one full bathroom, a spacious living/dining area, and an eat-in kitchen with generous cabinet storage. The home offers charming architectural details throughout, including hardwood floors, wood trim, arched openings, built-ins, unique ceiling lines, and warm second-floor wood paneling that gives the property character you do not often find in newer homes. Upstairs, you will find a flexible bonus room that could serve as a family room, playroom, office, hobby space, or additional lounge area, along with a third bedroom. The full unfinished basement provides extra storage and utility space, plus a below-grade half bathroom that is waiting to be finished, adding even more future functionality. Outside, the property includes a detached 2.5-car garage with plenty of room for parking, storage, tools, or workshop use. The corner lot is over a quarter of an acres, giving the home a comfortable yard and usable outdoor space. Located near the main part of Albion, this property offers convenient access to local shops, services, schools, community amenities, and the small-town charm that makes Albion a desirable place to call home. This home is being sold as-is and is ready for its next owner to bring vision, updates, and TLC. Whether you are looking for a personal home with equity potential or your next investment project, this diamond in the rough is definitely worth a look.
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FeaturesGeneralLiving Area 1400
Sewer Public Sewer
Heating Natural Gas
Cooling None
Possession Closing
Roof Asphalt
Garage Spaces 2
Association Fee Includes None
Construction Materials Vinyl Siding
Year Built 1960
Township Albion
Tax Year 2024
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Edwards
New Construction N
Property Type Residential Detached Single
Total Rooms 8
Full Baths 1
Status New
Directions Rd 130 N - W to E Walnut St - N to S 4th
City Albion
High School District 1
MLS Area Albion
Tax Annual Amount 1382
Standard Status Active
Middle/Junior School District 1
Elementary School District 1
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InteriorBasement Unfinished Full
Half Baths 1
Total Bedrooms 3
Room Type Eating Area
Total Baths 2
Bedrooms Possible 3
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ExteriorParking Features Concrete Yes Garage Owned Detached Garage
Lot Features Corner Lot
Water Source Public
Total Parking 2
Foundation Details Block
Lot Dimensions 66.4x86x144.5x35.5x98.7
Lot Size Acres 0.259
Waterfront Y/N N
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* Excluded FeaturesList Byrosemd74@gmail.com;rosa@the3regroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $526
- Monthly Property Taxes
- $115
- 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.
Learn more about how to save NearbySingle family listings in Albion, IL
Average List Price $97,700
Percent of Sale Price 14%
About Albion, IL 1,541 Population
-26% Since 2002
$ 42,847 Median Income
42.47 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
565620 Elementary School
565526 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/8/2026 | $85,500 | | Listed Price |