About This Home

This 2-bedroom, 1-bathroom single family at 314 W Second Street in Gilman, IL is listed for $65,000 ($90 per sqft). the home offers 720 sqft of living space on a N/A lot.

Key Features

  • 2 parking spaces

Property Details

1 story
1 full
2 spaces
Listing Description

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!

Monthly Cost Estimate

$348/mo

20% down · 6.5% · 30 years

Principal$47
Interest$282
Insurance$19

Estimates only. Actual payments may vary.

Location

314 W Second Street

Gilman, IL 60938

Property Details

Heating

Natural GasForced Air

Questions & Answers

This 2-bedroom, 1-bathroom single family at 314 W Second Street is listed at $65,000 ($90/sqft). The estimated monthly payment is $348 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2 parking spaces.

This property is listed by Elizabeth Barbosa.

EB

Elizabeth Barbosa

Agent at RE/MAX Prestige Homes

Listed by RE/MAX Prestige Homes · Broker phone: (815) 671-6209 · View on Broker Site

MLS# 12771668· Source: Midwest Real Estate Data, LLC· 30 days on PropertySimple

Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

314 W Second Street, Gilman, IL 60938

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