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For sale
  • Price cut: $68.9K (6/18)
    $179,000

    501 W Market St, Palestine, IL 62451

    4beds
    --sqft
    : 
    $1,298/mo
    Get pre-qualified
    Single Family Residence
    Built in 1902
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Crown moldingFrench doorsThree bedroomsNewer dishwasherRefrigerator stays with homeLinen closet in hall
    This well maintained, brick three bedroom, possibly four bedroom with one and a half baths could be your next home. The home has a sunroom/den with built-in bookshelves, but it could be turned into a fourth bedroom. With lots of charm throughout, including French doors, crown molding, and large rooms, this is a great home for the price. The kitchen was remodeled five years ago, and there is a pantry area, and the half bath was added six years ago. There is a full basement, it hasn't been finished, but it is a dry basement with four large rooms in it that is perfect for storage. Also with this house is a 18'5" x 10'5" attached storage room that was once a one-car garage, which could be converted back to a garage or used for a workshop/craft room. Laundry is on the main level as well. Appliances are negotiable with the purchase of this home. Give us a call today to set up your viewing of this home.
    52 days
    |
    143
    |
    3
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cheryl Osborn 618-421-3336,

    Parrott Marketing Group, LLC

    Source: My State MLS,MLS#: 11798730

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: First Floor Bathroom, Kitchen, Living Room
      Kitchen
      • Features: Open
      Basement
      • Area: 0
      Heating
      • Has Heating (Unspecified Type)
      Appliances
      • Included: Dishwasher, Refrigerator, Oven
      Features
      • Flooring: Laminate
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 2,000
      • Finished area above ground: 2,000
      Video & virtual tour

      Property

      Features
      • Patio & porch: Deck
      Details
      • Parcel number: 06434041043000
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Frame, Brick Siding
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1902

      Utilities & green energy

      • Electric: Amps(0)

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Palestine

      Financial & listing details

      • Tax assessed value: $125,469
      • Annual tax amount: $2,606
      • Date on market: 6/1/2026
      • Date available: 05/31/2026
      • Listing agreement: Exclusive

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,268/mo

        Price history

        DateEventPrice
        6/18/2026Price change$179,000-27.8%
        Source: My State MLS #11798730 Report a problem
        6/1/2026Listed for sale$247,900
        Source: My State MLS #11798730 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$2,606 +17.1%$41,823 +13.5%
        2023$2,225 $36,842 +13%
        2022-- $32,610 +3.9%
        2021$2,005 +7.3%$31,380
        2020$1,869 -1%$31,380
        2019$1,888 -0.8%$31,380
        2018$1,904 $31,380 -12.8%
        2013-- $35,981 +38.4%
        2012-- $26,000 +3.8%
        2011-- $25,043 +2.7%
        2010-- $24,385
        2009$2,398 $24,385
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 62451

        Getting around

        33 / 100
        Car-Dependent
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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