488 E State Route 71, Oglesby, IL 61348
Property image
Property image
OFF MARKET

$183,500

Trulia Estimate
  • Studio

488 E State Route 71, Oglesby, IL 61348

Est. Refi. Payment $1,368/mo*
Refinance Your Home
Currently Off Market - Sold Nov 14, 2022 for $135,000

Home Value

Trulia Estimate
$184K
Since last month
Increased$2K (+1.3%)
Since last year
Increased$9K (+4.7%)
Since last sale
Increased$54K (+39.8%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +8% in the last 10 years
MonthEstimated value
2026
August 2026$189K
July 2026$186K
June 2026$189K
May 2026$181K
April 2026$223K
March 2026$168K
February 2026$171K
January 2026$200K
2025
2024
2023
2022
2021

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
223 Oakwood Ave #A, Oglesby, IL
0.99
Multi-Family Home
$175,000
04/01/26
2
2
1,216
298 Sunset Blvd, Oglesby, IL
0.96
Multi-Family Home
$232,000
04/09/26
2
2
1,283
42 2nd St, La Salle, IL
2.12
Multi-Family Home
$144,300
11/06/25
-
-
723 Joliet St, La Salle, IL
2.08
Multi-Family Home
$85,000
10/01/25
2
2
1,058
340 Chartres St, La Salle, IL
2.17
Multi-Family Home
$200,000
03/13/26
-
2,720
314 Peru St, Peru, IL
2.24
Multi-Family Home
$184,000
09/04/25
-
-
1951 Saint Vincents Ave, La Salle, IL
2.82
Multi-Family Home
$190,000
12/01/25
6
4
-
1215 7th St, Peru, IL
2.96
Multi-Family Home
$95,000
10/03/25
-
2,472
2510 & 2512 Pulaski St, Peru, IL
3.16
Multi-Family Home
$350,000
09/02/25
-
2,296
2021 7th St, Peru, IL
3.48
Multi-Family Home
$145,000
12/02/25
3
2
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Route 351, Oglesby, IL 61348
0.08
-
-
-
-
Off Market
2618 E 488th Rd, Oglesby, IL 61348
0.03
$150,800
2
1
1,000
Off Market
Lot 6 Thirty Foot Trl, Oglesby, IL 61348
0.26
$35,000
-
-
-
For Sale
482 E 351st Rd, Oglesby, IL 61348
0.31
$183,000
4
2
-
Off Market
904 Jones Ave, Oglesby, IL 61348
0.29
$208,000
3
2
1,797
Off Market
458 N 2599th Rd, Oglesby, IL 61348
0.35
$210,400
3
1.5
1,522
Off Market
825 Swift Ave, Oglesby, IL 61348
0.33
$210,200
3
2.5
1,288
Off Market
820 Swift Ave, Oglesby, IL 61348
0.34
$98,500
2
1
936
Off Market
815 S Jones Ave, Oglesby, IL 61348
0.40
$163,700
2
1
1,366
Off Market
2602 E 450th Rd, Oglesby, IL 61348
0.45
$103,100
3
1
1,213
Off Market
760 N Columbia Ave, Oglesby, IL 61348
0.42
$157,200
3
1
1,500
Off Market
330 N Mormon St, Oglesby, IL 61348
0.47
$138,900
3
1
992
Off Market

Local Information

  • Map ViewExplore the area around 488 E State Route 71.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1926

About this House

Location, location, location! An opportunity like this does not come around often! Now is your chance to own a restaurant/bar location that features a fully remodeled apartment in 2020 on the 2nd level, adjacent parking lot AND a fully remodeled (in 2020) and rented home right next door! 3 Parcels total. All equipment for the restaurant remains. Main floor features an oversized bar area (988 sq/ft) with separate entrance. Main dining room (900 sq/ft) with separate entrance. Full kitchen (779 sq/ft) with basement (1257 sq/ft) and lower level office access. Multiple walk-in coolers. 2nd floor 2 BR 1 full bath apartment (566 sq/ft) can be rented or utilized by the owner. Apartment features private exterior entrance with the ability to access the restaurant as well. Adjacent parking lot has abundant parking. Add in the currently rented home (888 sq/ft) which includes all appliances, has been remodeled, resided and more. What an opportunity to have income flowing from the rentals immediately while making the restaurant location YOURS. Located just 6 minutes from the ever so popular Starved Rock State Park and Lodge. Less than 1/4 mile from the Illinois River and with a combined traffic count of just under 10,000 cars daily, this location is prime.
488 E State Route 71, Oglesby, IL 61348 is a studio multi-family built in 1926. It last sold for $135,000 on Nov 14, 2022. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $183,500, with a rent estimate of $1,113/month.

Home Details for 488 E State Route 71

Property Information

Year Built
Year Built: 1926
Property Type / Style
Property Type: Multi Family

Interior Features

Heating & Cooling
Air ConditioningCooling System: Central

Price and Tax history

DateEventPrice
Nov 14, 2022
Source: N/A
Sold
$135,000
Dec 9, 2021
Source: BHHS broker feed
ListingRemoved
Dec 8, 2021
Source: BHHS broker feed #11128793
Listed For Sale
$179,000

Market trends in Oglesby

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
14
2MoM

Around this home

What Locals Say about Oglesby

At least 20 Trulia users voted on each feature.

  • 93 % Say yards are well-kept

  • 90 % Say parking is easy

  • 89 % Say it's dog friendly

  • 88 % Say there's holiday spirit

  • 88 % Say car is needed

  • 84 % Say streets are well-lit

  • 74 % Say kids play outside

  • 70 % Say it's quiet

  • 66 % Say people would walk alone at night

  • 64 % Say they plan to stay for at least 5 years

  • 56 % Say there's wildlife

  • 54 % Say it's walkable to restaurants

  • 54 % Say neighbors are friendly

  • 54 % Say there are sidewalks

  • 32 % Say it's walkable to grocery stores

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Kylie
    "Downtown is within walking distance of pretty much all of the city. I’m not sure about public transit as I just moved here."
    0
    Flag
  • Jon A. T.
    "Lived here for 3 years. Nice quiet community. Only time it ever gets crowded is during little league baseball games. Only downside is streets are narrow and people park on both sides from time to time. "
    0
    Flag
  • Smittyjen5
    "lots of family dogs, very safe and responsible dog owners. great parks and trails. lots of open areas for safe play and exercise. "
    0
    Flag
  • Mandy G.
    "The grade school is exceptional! Amazing teachers! students score high on state testing. "
    0
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LGBTQ Local Legal Protections

Frequently asked questions about 488 E State Route 71

  • What is 488 E State Route 71 estimated to be worth?
    Trulia's estimated value for 488 E State Route 71 in Oglesby, IL is $183,500.
  • What is the price history for 488 E State Route 71?
    488 E State Route 71 in Oglesby, IL last sold for $135,000 in November 2022.
  • Is Oglesby a buyer's or seller's market?
    Oglesby is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Oglesby?
    Residents describe Oglesby, IL as well-kept, easy to park in, and dog-friendly. Most residents say you need a car. See recently sold homes in Oglesby, IL.
  • Does 488 E State Route 71 have air conditioning?
    Yes, 488 E State Route 71 in Oglesby, IL has air conditioning.

Apartments for Rent

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Off Market Homes Near 488 E State Route 71

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