501 E 3rd St, Gilman, IL 60938
Property image
Property image
OFF MARKET

501 E 3rd St
Gilman, IL 60938

  • 3 Beds
  • 2 Baths
  • 1,800 sqft (on 0.34 acres)

$43,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $366/mo*
Refinance Your Home

$43,200

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $366/mo*
Refinance Your Home
3 Beds
2 Baths
1,800 sqft
(on 0.34 acres)

Home Value

Trulia Estimate
$43.2K
Since last month
Increased$500 (+1.2%)
Since last year
Increased$2K (+5.6%)
Since last sale
Increased$3K (+7.1%)
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 decreased by -48% in the last 10 years
MonthEstimated value
2026
August 2026$43K
July 2026$43K
June 2026$43K
May 2026$43K
April 2026$43K
March 2026$42K
February 2026$41K
January 2026$42K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
112 N Maple St, Gilman, IL
0.21
Single-Family Home
$42,900
10/22/25
3
1.5
1,438
118 N Hartwell St, Gilman, IL
0.22
Single-Family Home
$225,000
02/27/26
4
2
2,592
615 N Hartwell St, Gilman, IL
0.26
Single-Family Home
$220,900
05/11/26
3
1
1,693
207 N Thomas St, Gilman, IL
0.19
Single-Family Home
$120,000
09/12/25
3
1
1,040
614 S Thomas St, Gilman, IL
0.66
Single-Family Home
$216,000
02/11/26
3
2
2,328
617 N Hartwell St, Gilman, IL
0.28
Single-Family Home
$160,000
10/17/25
2
1
1,084
430 E Dent St, Gilman, IL
0.37
Single-Family Home
$149,999
06/05/26
2
1
1,038
404 S Maple St, Gilman, IL
0.46
Single-Family Home
$103,000
04/28/26
2
1
1,047
521 S Central St, Gilman, IL
0.65
Single-Family Home
$60,000
06/02/26
3
1
826
307 S Main St, Iroquois, IL
0.44
Single-Family Home
$60,000
03/09/26
4
1
2,000

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
710 S Crescent St, Gilman, IL 60938
0.11
-
-
-
-
Off Market
231 N Maple St, Gilman, IL 60938
0.06
$189,300
3
1
1,568
Off Market
224 N Maple St, Gilman, IL 60938
0.10
$297,500
6
3
3,500
For Sale
323 N Thomas St, Gilman, IL 60938
0.14
$123,600
3
1
1,209
Off Market
518 N Hartwell St, Gilman, IL 60938
0.21
$182,500
3
1.5
1,500
Off Market
414 N Thomas St, Gilman, IL 60938
0.20
$239,500
4
1.5
1,536
Off Market
207 N Thomas St, Gilman, IL 60938
0.19
$125,900
3
1
1,040
Off Market
532 E 2nd St, Gilman, IL 60938
0.20
$231,500
2
2
1,400
Off Market
112 N Maple St, Gilman, IL 60938
0.21
$42,900
3
1.5
1,438
Recently Sold
510 E Front St, Gilman, IL 60938
0.22
$243,400
2
1.5
1,444
Off Market
615 N Hartwell St, Gilman, IL 60938
0.26
$220,900
3
1
1,693
Recently Sold

Local Information

  • Map ViewExplore the area around 501 E 3rd St.
  • Schools1 Preschool School3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1912
Lot Size
0.34 acres
Living Area
1,800 sqft
Price/Sqft
$24
Parking
Garage

About this House

Large older home with corner lot and two car garage and is Sold AS IS and still occupied by the owner it will be vacant in the next 30 days, no showing just drive by and walk the property.
501 E 3rd St, Gilman, IL 60938 is a 3 bedroom, 2 bathroom, 1,800 sqft single-family home built in 1912. It last sold for $40,505 on Jul 7, 2025 (17% above the $34,500 asking price). It is currently off market. The Trulia Estimate is $43,200, with a rent estimate of $1,752/month.

Home Details for 501 E 3rd St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Unfinished,FullNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bonus Room, Dining Room, Family Room, Kitchen, Laundry, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1800 Square Feet
Heating & Cooling
Heating: Natural GasNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Accessibility: No Disability Access
View
No View

Exterior Features

Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: On Site,Garage Owned,Detached,Garage
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer

Property Information

Year Built
Year Built: 1912
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Wood SidingNot a New Construction
Property Information
Parcel Number: 17314020010000

Price & Status

Price
List Price: $34,500
Status Change & Dates
Off Market Date: Fri Jun 06 2025Possession Timing: Close Of Escrow

Location

Direction & Address
City: Gilman
School Information
Elementary School District: 10Jr High / Middle School District: 10High School District: 10

HOA

HOA Fee Includes: None

Lot Information

Lot Area: 0.34 acres

Listing Info

Special Conditions: None

Offer

Listing Terms: Cash

Business

Business Information
Ownership: Fee Simple

Miscellaneous

BasementMls Number: 12381758

Additional Information

Source Internet Entire Listing DisplayMRD REMARKSINTERNET: YesSource Internet Address Display
Last check for updates: about 7 hours ago
Listed by Richard Smith, (815) 432-2900
Smith's Real Estate Services,
Bought with: Elizabeth Botello, (708) 927-2458, eXp Realty
Source: MRED as distributed by MLS GRID, MLS#12381758

Price and Tax history

DateEventPrice
Jul 7, 2025
Source: MRED as distributed by MLS GRID #12381758
Sold
$40,505
Jun 6, 2025
Source: MRED as distributed by MLS GRID #12381758
Pending
$34,500
Jun 2, 2025
Source: MRED as distributed by MLS GRID #12381758
Listed For Sale
$34,500
Apr 18, 2025
Source: MRED as distributed by MLS GRID #12282384
ListingRemoved
$54,000
Feb 17, 2025
Source: MRED as distributed by MLS GRID #12282384
PriceChange
$54,000
Price decreased by 16%

Market trends in Gilman

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
9
2MoM
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Around this home

What Locals Say about Gilman

At least 5 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say parking is easy

  • 100 % Say yards are well-kept

  • 86 % Say car is needed

  • 80 % Say people would walk alone at night

  • 71 % Say there's holiday spirit

  • 67 % Say there are sidewalks

  • 63 % Say it's walkable to restaurants

  • 62 % Say neighbors are friendly

  • 60 % Say it's walkable to grocery stores

  • 60 % Say it's quiet

  • 57 % Say there's wildlife

  • 44 % Say streets are well-lit

  • 40 % Say they plan to stay for at least 5 years

  • 36 % Say kids play outside

  • 30 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Vishoushuddleston
    "It's a small town where most people have lived their entire lives or moved from a big city. People that have left frequently visit and many families know eachother. People are very friendly. Most shopping is within 20 to 30 minutes but there are 2 small grocery stores in the area as well as a few restaurants and bars. Dollar general and doc's drugs are in town for convenience. This is a town where businesses close early."
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  • Melissa F.
    "The neighborhood is very do friendly. Everyone has pets and you frequently see people walking their dogs."
    0
    Flag
  • Juggalo4everdown
    "Currently staying at Budget Host Inn while looking for a house in Watseka or the surrounding area. From what I can see, this is a very quiet, tranquil town."
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Apartments for Rent

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Homes for sale near 501 E 3rd St

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Off Market Homes Near 501 E 3rd St

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Frequently asked questions about 501 E 3rd St

  • What is 501 E 3rd St estimated to be worth?
    Trulia's estimated value for 501 E 3rd St in Gilman, IL is $43,200.
  • What is the price history for 501 E 3rd St?
    501 E 3rd St in Gilman, IL last sold for $40,505 in July 2025.
  • Is Gilman a buyer's or seller's market?
    Gilman is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Gilman?
    Residents describe Gilman, IL as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Gilman, IL.
  • Does 501 E 3rd St have laundry facilities?
    Yes, 501 E 3rd St in Gilman, IL has laundry facilities.
  • How big is the lot at 501 E 3rd St?
    The lot at 501 E 3rd St in Gilman, IL is about 0.34 acres (15,000 sq ft).
Based on information submitted to the MLS GRID as of 2026. 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. Click here for more information