Renovated Multi-Building Residential
For Sale
$1,300,000
409 N State Street, Franklin Grove, IL 61031
Business Opportunity, Franklin Grove, IL
Property SizeContact for details
Lot Size1.66 Acres
Days on Market180
Property Features for 409 N State Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
NW corner of Rte 38/Lincoln Highway and State Street
Subdivision
Franklin Grove
Standard status
Active
APN
06033540002300
Lot size
1.66 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Cooling system
Central Air
Amenities
fireplace
garden pagoda
greenhouse
sauna
koi pond
waterfall
yoga lawn
fruit trees
herb garden
Building Details
Floors in Building
3
Listing Agency:
Compass
(630) 974-6750
Listed By:
Linda Feinstein · License #471004664
(630) 319-0352
Added: Mar 10
Changed: Aug 20
Last Checked: Sep 5 at 4:06AM
MLS# 12588511
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.
Investment Insights
Based on property information with market context.
This residential income property comprises a renovated 1913 main residence plus a carriage house and separate cottage on 1.66 acres in Franklin Grove. The principal home spans over 10,000 square feet across four levels, with six bedrooms, multiple living areas, a library office, updated systems, separate HVAC for each floor, original woodwork, a finished kitchen, and a lower-level sauna, studio kitchen, workout space, and storm shelter.
The 2,300-square-foot carriage house includes a full kitchen, living area, laundry, bedroom suite, spa bath, private deck, and heated five-car garage below. A separate 3,200-square-foot cottage adds vaulted ceilings, an open kitchen and dining area, decks, bedroom and office spaces, laundry, bath, storage, and a storm shelter. Grounds include a greenhouse, koi pond with waterfall, creek, yoga lawn, fruit trees, and native and herb gardens. The property is largely furnished and includes central air.
The 2,300-square-foot carriage house includes a full kitchen, living area, laundry, bedroom suite, spa bath, private deck, and heated five-car garage below. A separate 3,200-square-foot cottage adds vaulted ceilings, an open kitchen and dining area, decks, bedroom and office spaces, laundry, bath, storage, and a storm shelter. Grounds include a greenhouse, koi pond with waterfall, creek, yoga lawn, fruit trees, and native and herb gardens. The property is largely furnished and includes central air.
Key Highlights
- Three residential buildings on 1.66 acres in Franklin Grove, IL
- Renovated 1913 main residence measuring over 10,000 square feet
- Main house includes six bedrooms and four finished levels
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 61031, IL
1,430
Population
654
Households
2.2
Avg Household Size
46
Median Age
26%
College-Educated
94%
High-School Grad
44.9 sq mi
ZIP Area
32
Density / Sq Mi
$74,050
Median Household Income
$39,907
Median Earnings
$822
Median Rent
$148,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Three residences support flexible living, guest, office, and hospitality-oriented use across a private landscaped setting.
Where is this residential income property located?
The property is located at 409 N State Street Franklin Grove, IL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Three residential buildings on 1.66 acres in Franklin Grove, IL; Renovated 1913 main residence measuring over 10,000 square feet; Main house includes six bedrooms and four finished levels
