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507 E Market Street, 
Palestine, IL 62451

$40,000

3

Beds

2

Baths

1,124

Sq Ft

Single Family

Pending

Listed by

Chris Myers

Stence Realty

217-826-2717

Last updated:

December 29, 2025, 05:18 PM

MLS#

6256462

Source:

IL CIBOR

About This Home

507 E Market Street

Discover the potential in this 3-bedroom, 2-bathroom home offering 1,124 sq ft of living space. Perfect for investors or buyers looking for a project, this property is ready for renovation and awaits your personal touch. The home features a 2-car garage with ample room for a workshop or additional storage, plus a separate storage shed for even more space. Off-street parking provides added convenience and functionality. Property is being sold as-is. Don’t miss your chance to unlock its full potential!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1960

Price Summary

40,000

$35 per Sq. Ft.

MLS #:

6256462

Last Updated:

December 29, 2025, 05:18 PM

Added:

a month ago

Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,124 Sq. Ft.

Structure

Structure

Architectural Style:

Ranch

Building Area:

1,124 Sq. Ft.

Year Built:

1960

Lot

Lot Size (Sq. Ft):

8,491

Finances & Disclosures

Finances

Price:

$40,000

Price per Sq. Ft:

$35 per Sq. Ft.

Source:IL CIBOR
The information being provided by Central Illinois Board Of REALTORS® Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Central Illinois Board Of REALTORS® Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.