314 W Second Street Gilman, IL $ 75,000
314 W Second Street
$ 75,000
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314 W Second Street

Gilman, IL, 60938
$ 75,000
Bedrooms2 Baths1.0 Sq 720

Monthly Estimate*

$ 474

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Single Family Home for sale in Gilman, IL

for $75,000 with 2 bedrooms and 1 full bath. This home is 720 square feet.

Opportunity meets potential in this charming 2-bedroom, 1-bath home! Whether you're a first-time homebuyer ready to make a space your own, looking to downsize, or an investor searching for your next rental property, this home offers plenty of possibilities. The functional layout features a comfortable living area, two bedrooms, and a full basement providing additional storage and utility space. Situated on a nice-sized lot. The property does need some TLC, making it a great opportunity to add your own personal touches and build equity along the way. With a little vision and creativity, this could become a cozy primary residence or a great addition to an investment portfolio. Bring your ideas and make this one your own!

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Single Family Active

Price

$ 75,000

Bedrooms

2

Full Bath

1

Property Type

Single Family

Taxes

$ 658

Style

Town/City

Gilman

County/Region

Iroquois

MLS | Web ID

12771668

Features
General
Living Area 720
Sewer Public Sewer
Heating Natural Gas Forced Air
Cooling None
Possession Closing
Zoning SINGL
Association Fee Includes None
Construction Materials Other
Township Douglas
Tax Year 2025
Ownership Fee Simple
Assoc Fee Paid Per Not Applicable
County Iroquois
New Construction N
Property Type Residential Detached Single
Total Rooms 4
Full Baths 1
Status New
Directions I-57 to Gilman Exit 283 (US-24). East on US-24 north on Central St west on 2nd St to property.
City Gilman
High School District 10
MLS Area Gilman
Tax Annual Amount 658.74
Standard Status Active
Middle/Junior School District 10
Elementary School District 10
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Interior
Basement Unfinished Crawl Space Partial
Half Baths 0
Total Bedrooms 2
Room Type No additional rooms
Total Baths 1
Bedrooms Possible 2
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Exterior
Parking Features Yes
Water Source Public
Total Parking 2
Lot Dimensions 50X100
Waterfront Y/N N
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* Excluded Features
List By
Re/Max Prestige Homes

Broker

lizbarbosa.casas@gmail.com

Email

Affordability Calculator

$528
Per Month
90%
10%
0%
Monthly Principal & Interest
$474
Monthly Property Taxes
$55
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
1540890 Elementary School
1539436 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/30/2026$75,000 Listed Price

Map


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314 W Second Street, Gilman, IL, 60938 is a Single Family Home for sale at $75,000 with 720 sqft. 314 W Second Street has 2 bedrooms and 1.0 baths. The property's zip code is 60938 which is in Gilman, IL