Price listed is Starting Bid Only. Bidding starts closing 8/12/2026 @ 5 p.m.Experience the charm of country living while remaining just minutes from town with this 3BR/1BA farmhouse situated on a recently surveyed 10± acre parcel in Waterloo, IL. Surrounded by open space and offering plenty of room to spread out, this property combines rural tranquility with convenient access to everyday amenities. The newly surveyed acreage includes a portion of income-producing tillable farmland, providing additional value and potential for agricultural use or supplemental income. Farming rights for the tillable acreage will be available for the 2027 crop season, offering the new owner the opportunity to farm the ground or negotiate a cash rent agreement. The home features a spacious living room and two generously sized main-level bedrooms that share a full bathroom off the central hallway. The combined kitchen and dining area is enhanced by beautiful bay windows and anchored by a cozy wood-burning fireplace with a brick mantel, creating a warm and inviting gathering space. Upstairs, a comfortable third bedroom is accompanied by a bonus room that could serve as a fourth bedroom with a little TLC and finishing touches. The partial, unfinished basement provides space for the home’s utilities and includes washer and dryer hookups. A fully enclosed breezeway connects the home to the attached two-car garage, offering additional room for a workshop, hobby area, or extra storage. Outdoor improvements include a 28’ x 32’ barn with electricity available and an upper hay loft, as well as a 60’ x 60’ pole barn with electricity available featuring a poured concrete floor and three overhead garage doors for convenient equipment access. These versatile outbuildings offer excellent space for livestock, equipment storage, hobbies, workshops, or agricultural use. The property is served by public water, a propane tank that is owned by the seller, and a private aeration system for sewer service. Conveniently located within Waterloo Community Unit School District No. 5, this property is just minutes from IL Route 3 for an easy commute and close to the shopping, dining, and entertainment options of historic Downtown Waterloo. P.O.A. assisting Seller is related to the seller and is a Licensed IL Real Estate Agent. Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers.
3 Beds
1 Bath
1,713 sq.ft
$0 per sq.ft
Other
$ 150,000
Pending
0
26044660
3
1
1,713
Not in a subdivision
Waterloo DIST 5
Monroe-IL
Residential
Other
Residential
$4,796
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 217 Magnolia Avenue, Waterloo, IL 62298 | 4/2 | 2,900 | $275,000 | $240,000 87.3% of ask |
Sep 4, 2026 |
| 6269 Maeystown Road, Waterloo, IL 62298 | 3/1 | 840 | $199,999 | $350,000 175% of ask |
Sep 2, 2026 |
| 612 Legacy Drive, Waterloo, IL 62298 | 0/0 | -- | $85,500 | $85,500 100% of ask |
Sep 2, 2026 |
| 306 S Market Street, Waterloo, IL 62298 | 3/2 | 896 | $225,000 | $220,000 97.8% of ask |
Sep 1, 2026 |
| 1615 State Route 156, Waterloo, IL 62298 | 3/1 | 1,350 | $190,000 | $175,000 92.1% of ask |
Aug 31, 2026 |
| 7812 White Tail Circle, Waterloo, IL 62298 | 4/4 | 3,300 | $825,000 | $810,000 98.2% of ask |
Aug 31, 2026 |
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