NewsTribune_Illinois Valley Homes_051524

Illinois Valley Homes

A NewsTribune Publication | May 15, 2024

FEATURED PROPERTY

INVESTMENT OPPORTUNITY - Professional O ce Building. Relocate your business or subdivide for lease income.

2960-SF Single story building features a professionally designed interior to include: private o ces, conference room, reception area, and kitchen/ breakroom. ADA accessible. Meticulously maintained, full basement and ample parking.

See listing on page 8

Peru- Priced below appraisal 2 bedroom, 2 bath condo, scenic rear lot, covered patio/porch, garage. #12030407 $89,900

Hennepin- Nice and neat 3 bedroom, 1.5 bath ranch home, 2 car garage, deck and concrete patio #12016146 $153,500

LaSalle-Split level 3 bedroom, 2 bath home, 2 car attached garage, above ground swimming pool. #11996961 $227,000

Ladd- Charming 4 bedroom, 2.5 bath cape cod home, 2 car garage on large lot, Trex deck, storage shed. #12036999 $299,500

Peru-Recently renovated all brick 1 story, 3 bedroom, 1 bath home, full basement, 2 car garage #12039443 $134,900

Peru- Charming and spacious 2 bedroom, 1 bath brick home, 1 car garage and carport, fenced backyard #12040229 $135,000

Mendota- Brick 2 story, 4 bedroom, 1.5 bath home, features natural woodwork and built-ins. #11931311 $90,000

Peru-Spacious 4 bedroom, 2 bath home, family room with wood burning fireplace, 2 car garage. #11813453 $245,000

Mark-Charming 2 bedroom, 1 bath home on corner lot, wood burning fireplace, large outbuilding #12027823 $105,000

Oglesby-Well built spacious 3 bedroom, 1.5 bath brick home, cozy 4 season porch, 1+ car garage. #12039094 $169,900

Streator-Much potential in this 2 bedroom, 1 bath home on double lot, 2 car detached garage. #12037263 $45,000

Peru- Lovely and loaded with charm 4 bedroom, 2 bath home, 1+ car garage, wrought iron fencing #12021053 $220,000

DePue-Ranch style home features 2 bedroom, 1 bath, unfinished basement, off street parking #12023519 $39,000

Spring Valley-Open concept 6 bedroom, 3.5 bath home, with additional heated Morton building. #11998489 $659,500

Princeton- Neat 3 bedroom, 2 bath home, 1+ car garage, sunny deck, shed, and nice back yard. #11862621 $199,500

Peru- Charming Victorian style 4 bedroom, 2.5 bath home, charming wrap around porch, 1 car garage. #12005148 $149,000

Jaimie Bazydlo

Janet Benvenutti

Wendy Fulmer

Robin Guerrero

Pietro Alfano

Kelli Geinosky

-Completely renovated space downtown, front space/office, back area, bathroom, full basement.

Peru- Move right into this 5,000 sq ft building close to interstate, 12 ft overhead doors, concrete floor.

LaSalle -High traffic corner location, 5,300 sq ft building on 1+ acre lot, plenty of parking, unlimited uses.

-Spacious commercial from with reception/show room, 2 offices, laundry, kitchen, bath, apartment.

$118,000

Ladd -Well established bar and grill, with banquet facilities, basement with walk-in cooler and upstairs space.

Barb Kuzma

Bonnie Lester Garry Schroeder

Vincent Jessen

Jessica Jeffrey

Lacey Monterastelli

Chris Hopps

LaSalle

LaSalle-Turnkey investment opportunity, wellbuilt building, currently bar, can expand to full restaurant.

LaSalle-

Huber

Carol Wlodarchak TJ Templeton Amber Witek

Huber

Guttilla

4 BDRMS ; 2 Bath #12031246

3 BDRMS; 2 Baths #11986071

2-3 BDRMS; 2 Baths #12001347

Larry Thomas Mason Kimberley Lauren Smith Cari Carper Cheyenne Khounnha

Carrie Cobane Kaye Pearson

Josh Kleckner

Jackie Martin

Eric Johnston

Janelle McCarter Crystal Lilley

Brenda Stan eld Niel King Brandi Devenney

Kendra Gentry

Beth Mulcahy

Renting vs. buying: Know the pros and cons

People typically have two options when they need a place to live: rent or buy. There are pros and cons to each option, and what is best depends on the person and the situation.

Choosing to rent or buy is a decision with many moving parts, says NerdWallet. Although buying a home is often presented as a fulfillment of the “American Dream,” home ownership is not the right fit for everyone.

HOME OWNERSHIP

Purchasing a home is a large undertaking that requires a significant financial investment. People often buy a home because they want stability and an asset that maintains value and even appreciates in the long run. There’s also more freedom over the living situation when a person buys, as he or she is not beholden to the rules of the landlord. This affords more freedom to decorate and fewer restrictions regarding noise. Homeowners also may not be privy to rules regarding pets. People may be drawn to buying because they know precisely what they will pay each month in living expenses, provided taxes remain relatively stable. Furthermore, setting down roots can help a person feel like part of a community.

Home ownership has some disadvantages. It’s a large financial investment that requires a potentially sizable down payment up front. Owning comes with an inherent, though not ironclad, lack of flexibility, as a person cannot simply move to a new geographic location on a whim. There’s also responsibility involved in home ownership. Homeowners are required to pay for all maintenance and handle any additional issues that arise.

RENTING

Renting can be a more affordable short-term option than buying. Renting enables a person to get a residence at a lower monthly expense and with no down payment. Those who rent have more flexibility if they want to change homes frequently. There’s much less responsibility required to rent, as landlords will handle repairs and other concerns. Expenses may be less because there’s no need to pay property taxes, and some utilities may be covered by the property owner.

There is a sentiment that renters are throwing away money each month because they are not getting any equity with each monthly rental payment. Rental costs also may not be fixed, as a landlord can increase rent with each lease renewal. Renters also must abide by the rules and regulations of the landlord while renting. This may mean restrictions on parties, noise after a certain time, pets, and more.

There’s no clear-cut answer as to which is better, renting or buying. People must identify their own priorities and needs during the decision-making process. RE244821