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$32,500 Sale Pending
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Property Description
Discover a unique opportunity on South Lott Boulevard in Gibson City. This Illinois State Police-owned property is being offered strictly as is, with no guarantees, representations, or warranties of any kind. The three-bedroom, two-bath ranch retains the footprint of a traditional single-level home, yet previous smoke and fire damage is visible throughout, and personal belongings remain inside. The seller will not perform any cleanup or repairs, and all removal and restoration will be the responsibility of the purchaser. Caution should be exercised when entering, as the property will require substantial work. All offers must be submitted using the Illinois State Police purchase contract. A deposit of twenty-five hundred dollars in earnest money will be required at acceptance. Closing may take up to sixty days and will be completed through a title company to ensure proper conveyance. Although the property is sold as is, any back taxes, liens, or outstanding obligations will be satisfied so that title transfers free and clear. This opportunity is available to cash buyers or those utilizing creative financing only. Ideal for investors, rehab specialists, or buyers seeking a project with long-term potential, this home offers a chance to restore and reimagine a property in a well-established community. Serious, pre-qualified buyers are encouraged to inquire.
Full Property Details
Full Property Details for 523 S Lott Blvd
General
- Price: $32,500
- Taxes: $2,479 (2024)
- Status: Pending
- Type: Single Family
- Source: MRED
- MLS ID: 12529474
- Updated: 12/22/2025
- Added to Site: 40 day(s) ago
Interior
- Basement: Crawl Spac
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Features: Yes, Garage Owned, Detached, Garage
Location
- Area: Gibson City
- County: Ford
- Township: Drummer
- Driving Directions: FROM STOP AND GO LIGHT EAST TO LOTT BLVD NORTH TO SIGN IN YARD
School Information
- School District: 5
- Elem School District: 5
- Midd School District: 5
- High School District: 5
- Elementary School: Gibson City Elementary School
- Middle School: Gibson City Junior High School
- High School: Gibson City High School
- Private School: Gibson City High School
Community
- Assoc. Fees Include: None
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Vinyl Siding
- Exterior Const.: Vinyl Siding
- Basement: Yes
- Basement Desc.: Crawl Space, None
- Square Feet: 1,075
- Sq. Ft. Source: Assessor
- Year Built: 1975
- Built Before 1978: Yes
Lot Features
- Lot Size Range: Less than .25 Acre
- Lot Dimensions: 50 x 160
- Zoning: SINGL
Financial Considerations
- Parking Included: Yes
- Assessment Year: 1975
- Tax Amount: $2,479.22
- Tax Year: 2024
- Pays Sewer: Public Sewer
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: Court Approval Required
- Property ID: 9111145201100
Listed by Village Realty, Inc
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Schools
Schools serving 523 S Lott Blvd
School District:Gibson City-Melvin-Sibley Community Unit School District 5
| Name | Grades | Distance |
|---|---|---|
Gcms Elementary School 902 North Church Street, Gibson City, IL 60936 | PK-5 | 1.1 mi |
Gcms Middle School 316 East 19th Street, Gibson City, IL 60936 | 6-8 | 1.4 mi |
Gcms High School 815 North Church Street, Gibson City, IL 60936 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 523 S Lott Blvd
Date
Details
Price
Change
Source
12/08/2025
Listed
$32,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 523 S Lott Blvd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,479
9%
$33,650
20%
2022
$2,266
-10%
$27,930
4%
2021
$2,520
42%
$26,860
5%
2020
$1,778
4%
$25,580
5%
2019
$1,710
39%
$24,360
—
2018
$1,234
6%
$24,360
93%
2017
$1,167
—
$12,650
-47%
2014
$1,164
—
$23,650
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 523 S Lott Blvd
523 S Lott Boulevard, Gibson City, IL 60936 (MLS# 12529474) is a Single Family property with 3 bedrooms and 2 full bathrooms. 523 S Lott Boulevard is currently listed for $32,500 and was received on December 08, 2025. Want to learn more about 523 S Lott Boulevard? Do you have questions about finding other Single Family real estate for sale in Gibson City? You can browse all Gibson City real estate or contact a Coldwell Banker agent to request more information.
