$75,000

beds

bath

720

square ft

314 W Second Street

Gilman, Illinois 60938

Active / MLS #12771668 / Single Family / Gilman

Listing information updated 10/5/2026 at 6:03am

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!

Full Features

Exterior Type:

Other

Basement:

Unfinished,Crawl Space,Partial

Beds Above Grade:

Cooling System:

None

Heating System:

Natural Gas, Forced Air

Main Level Primary Bedroom:

Yes

Pool:

Age:

Unknown

Parking Type:

Yes

Parking Spaces:

Room Count:

Water Front:

Square Feet:

720

Lot Size:

Less Than .25 Acre

Room Information

Living Room:

12x15 - Main

Dining Room:

N/A

Kitchen:

12x10 - Main

Family Room:

N/A

Primary Bedroom:

12x11 - Main Level

2nd Bedroom:

12x8 - Main

3rd Bedroom:

N/A

4th Bedroom:

N/A

Laundry:

N/A Level

Taxes & Assessments

Tax Amount:

$658

Tax Year:

2025

Location

Zip Code:

60938

City:

Gilman

County:

Iroquois

Schools

School District(s):

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Exterior Type:

Other

Basement:

Unfinished,Crawl Space,Partial

Beds Above Grade:

Cooling System:

None

Heating System:

Natural Gas, Forced Air

Main Level Primary Bedroom:

Yes

Pool:

Age:

Unknown

Parking Type:

Yes

Parking Spaces:

Room Count:

Water Front:

Square Feet:

720

Lot Size:

Less Than .25 Acre

Living Room:

12x15 - Main

Dining Room:

N/A

Kitchen:

12x10 - Main

Family Room:

N/A

Primary Bedroom:

12x11 - Main Level

2nd Bedroom:

12x8 - Main

3rd Bedroom:

N/A

4th Bedroom:

N/A

Laundry:

N/A Level

Tax Amount:

$658

Tax Year:

2025

Zip Code:

60938

City:

Gilman

County:

Iroquois

School District(s):

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: RE/MAX Prestige Homes

Listing Office Phone: 815.937.3629

Disclaimer: The data relating to real estate for sale on this website comes courtesy of Midwest Real Estate Data, LLC as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/5/2026 at 6:03am. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.