Sold273d on market
488 N 1st St
Gurnee, IL, 60031 • 60031 • Lake County
$245,000
$288/sqft
2Beds
1Baths
850Sqft
0.18 acLot
1949Built
Property DNA
Character Home
Built 1949 · 77 years of history
1-Car Garage
Asphalt · On Site · Attached · Garage
Market activity
Demand and pricing signals for this listing
8 views
People checking out this listing
273 days on market
Established listing
$288/sqft
Price per square foot
About this home
Single Family · Built 1949
Welcome! This home is the perfect place to start your next chapter. Tucked in a well-kept neighborhood with top-rated schools, quick access to shopping, parks, and the interstate, the location couldn't be better. Inside, you'll find a bright, clean space that's been lovingly maintained and move-in ready. Whether it's your first home or a fresh start, this one checks all the boxes-and homes like this don't come around often !
Standout features identified
Our analysis highlights move-in ready, bright clean space, and well-kept neighborhood as key attractions of this home.
Estimated monthly payment
Based on current rates
$1,598/month
Principal & Interest$1,271
Property Tax$245
Insurance$82
Down payment20% ($49,000)
3%50%
Est. 6.75% rate · 30yr fixed · $196,000 loan
Full calculator →At a glance
Key facts and listing details
TypeSingle Family Residence
Year Built1949
HeatingNatural Gas, Electric
CoolingCentral Air
Parking1 Attached Garage space
Lot8,058 sqft
Property
Home typeSingle Family
Sub-typeSingle Family Residence
Year built1949
Stories1
Systems
HeatingNatural Gas, Electric
CoolingCentral Air
ConstructionVinyl Siding
Water / SewerPublic / Public Sewer
Parking & Outdoor
ParkingAsphalt, On Site, Attached, Garage
Garage1 spaces
BasementNone
Lot8,058 sqft
Location & Tax
Neighborhood60031
Annual tax$4,289
Parcel0723213006
Bathrooms & Fees
Full baths1
Features & details
5 categories of property features
Interior Features
Heating
Natural Gas
Electric
Cooling
Central Air
Accessibility
No Disability Access
Exterior Features
Parking
Asphalt
On Site
Attached
Garage
Construction
Vinyl Siding
Room details
19 rooms detailed
Master Bedroom
Main12×11 ft132 sqft
Bedroom2
Main9×12 ft108 sqft
Bedroom3
Bedroom4
Other
Other
Listing insights
Market data and value estimates
StatusSold
Days on market273
Est. value$253,200
Est. rent$2,054/mo
Tax rate2.60%
Price/sqft$288
On marketMay 15, 2025
PostedMay 15, 2025
Last sold$245,000
MLS statusClosed
MLS updatedJul 22, 2025
Tour days6
Views8
How are the schools in Gurnee?
3 schools rated nearby
Location
Gurnee, IL, 60031
Price history
9 events
DateEventPrice$/sqftSource
Jul 11, 2025Sold$245,000$288MRED as distributed by MLS GRID
Jun 21, 2025Contingent$244,900$288MRED as distributed by MLS GRID
Jun 12, 2025Price Change$244,900$288MRED as distributed by MLS GRID
May 22, 2025Listed For Sale$249,900$294MRED as distributed by MLS GRID
May 20, 2025Contingent$249,900$294MRED as distributed by MLS GRID
May 15, 2025Listed For Sale$249,900$294MRED as distributed by MLS GRID
Apr 3, 2025Sold$158,000$186Public Record
Oct 29, 2010Sold$105,000$124MRED as distributed by MLS GRID
Aug 5, 2010Listed For Sale$125,000$147RE/MAX Top Performers
Sold$245,000
Jul 11, 2025•$288/sqft•MRED as distributed by MLS GRID
Contingent$244,900
Jun 21, 2025•$288/sqft•MRED as distributed by MLS GRID
Price Change$244,900
Jun 12, 2025•$288/sqft•MRED as distributed by MLS GRID
Listed For Sale$249,900
May 22, 2025•$294/sqft•MRED as distributed by MLS GRID
Contingent$249,900
May 20, 2025•$294/sqft•MRED as distributed by MLS GRID
Listed For Sale$249,900
May 15, 2025•$294/sqft•MRED as distributed by MLS GRID
Sold$158,000
Apr 3, 2025•$186/sqft•Public Record
Sold$105,000
Oct 29, 2010•$124/sqft•MRED as distributed by MLS GRID
Listed For Sale$125,000
Aug 5, 2010•$147/sqft•RE/MAX Top Performers
Tax history
22 years of records
YearTax paidAssessed value
Apr 11, 2023$4,289$45,546
Apr 11, 2022$3,560$42,286
Apr 11, 2021$3,039$34,826
Apr 11, 2020$2,951$31,053
Apr 11, 2019$2,881$30,151
Apr 11, 2018$2,808$29,281
Apr 11, 2017$2,808$28,442
Apr 11, 2016$2,673$27,175
Apr 11, 2015$2,911$25,773
Apr 11, 2014$2,804$27,975
Apr 11, 2012$2,649$28,189
Apr 11, 2011$2,749$32,991
Apr 11, 2010$2,007$35,999
Apr 11, 2009$1,116$38,955
Apr 11, 2008$1,115$39,785
Apr 11, 2006$1,210$35,702
Apr 11, 2005$1,258—
Apr 11, 2004$1,285—
Apr 11, 2003——
Apr 11, 2002$1,565—
Apr 11, 2001—$23,128
Apr 11, 2000$1,437$22,317
Nearby homes
Neighborhood details
Local context around this listing
Gurnee, IL • Lake County
Nearby cities
AntiochBuffalo GroveGurneeHighland ParkLibertyvilleMundeleinRound Lake BeachVernon Hills
Nearby zip codes
60031
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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](/mls-disclaimers/#17)
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