East Wilmette farmhouse below 2006 land price

Front view, 1133 Lake, Wilmette, Illinois

Front view, 1133 Lake, Wilmette, Illinois

A few short years ago teardown prospects on smaller lots in less desirable parts of Wilmette were selling above the $535,000 asking price of the home at 1133 Lake Ave in East Wilmette.

The 11-room, 5-bedroom, 2 ½ bath home sits on a 50 x 185 lot about a block from the Wilmette Metra station and the heart of downtown Wilmette. The 1900s-vintage home has hardwood floors throughout and, unusual for this part of town, a 3-car garage.

The home is billed as a "rehabbers dream." In a market where buyers are looking for that picture-perfect, pristine, move-in ready home, I'd bet that this fixer-upper will sell very quickly. I don't recall seeing anything similar at this price point in this location in years.

A more updated, but also affordable, 6-bedroom, 3-bath recently came on the market on a cul-de-sac close to the Linden Purple Line station. The home is priced at $649,000. You can see a video tour with one of the owners at YouTube.

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