Exciting opportunity at the infamous "Rainbow House"! This 1,230 sq. ft. ranch home, bursting with potential, is ready for its next chapter! Featuring 1 bedroom, 1 bathroom, and located just minutes from downtown restaurants and shopping, this property offers incredible flexibility. Whether you're envisioning it as a rental, a starter home, or even a business space (as it has been used before), the possibilities are endless. While the home needs some updates and TLC, its unique charm and prime location make it a diamond in the rough. With a little creativity, you can transform this iconic property into something truly special. Don't miss your chance to bring new life to the "Rainbow House"! Can be purchased as a package with 1507 La Salle (MLS 12257016) for 310,000.