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Historic Illinois Orphanage Turned Mansion Up for Auction at $975,000
Sentiment: NeutralMedium Priority
What Happened?
A former orphanage in Illinois, built in 1930, is now a 17-bedroom mansion up for auction with a starting bid of $975,000, significantly lower than its previous valuation of over $2.25 million.
Key points
- The property is located at 5747 S. Peek Home Road in Polo, Illinois.
- It covers approximately 10,000 square feet and sits on a 10-acre estate.
- The auction took place on October 27, 2026.
- The building has been partially rehabilitated, allowing for further customization.
- The auction listing describes it as having original architectural details and multiple outbuildings.
Key insights
- The significant drop in the auction starting bid may attract more potential buyers.
- The property's history as an orphanage could appeal to buyers looking for unique stories.
- The partial rehabilitation allows buyers to personalize the home according to their tastes.
Why it matters
This auction presents a unique opportunity for buyers interested in historic properties.
Entities
Illinois· StatePolo· City
Source
Times of India
