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312 S Broad, Lanark, IL 61046

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For Sale
Sale Pending

$123,900

2 beds • 1 baths • 1 half baths • 784 sqft

Estimated Payment

$ 638 /mo. †

6.67% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Single Family Detached
    Property type

  • $158.04
    Price per square foot

  • Basement
    Rooms

Explore this Property

If it is your first home, retirement home or investment opportunity, be sure to put this one on the list. This home is ready for you to move in and start using right away, owners have done many updates over the years and the care shows. Main level has kitchen, dinning area, living room, flex room that could become a 3ed bed room & half bath. (some hardwood flooring is under the carpet) Upper level has 2 good sized bedrooms and a full bath, clothes chute to laundry area. Lower level is where laundry is located, basement is clean and neat, stair way to outside make for easy and quick in and out. Home has updated electrical service (breakers), covered front porch, concrete patio in back, Large back yard.
MLS# 202500847

Courtesy Of Lake Carroll Realty Inc

(815) 493-8930

Property Features

  • Appliances
    Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer, Water - Softener
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.23 Acres
  • Rooms
    Basement, Kitchen

Map and Directions

Directions to 312 S Broad, Lanark, IL 61046

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $638
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $638

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Eastland Elementary School

Grades PK-5 Public School

Shannon, IL 61078 5.8 miles
601 s chestnut st

346 total students

School Rating: B

School Details

Eastland Jr/sr High School

Grades 6-12 Public School

Lanark, IL 61046 0.3 miles
500 s school dr

344 total students

School Rating: B+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Lanark, IL 61046

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Lanark, IL 61046

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are above the national average.

85° July
Hottest Average Month
11° January
Coldest Average Month
1,477 Total Households in Area
-0.4% Increase in population since the year 2010
21.7%
of households
have children
25 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Lanark, IL 61046

Lanark, IL 61046 has a population of 3,361 people in 1,477 households with a median age of 48.2 years old.

-0.4%
Decrease in population
since the year 2010
Population is Trending down
1,437
Total households as of 2010
6.3%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 48.2 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 95%
Hispanic 2%
Other <1%
Black <1%
Asian <1%
Native American <1%
The most prevalent ethnicity is White at 95%, followed by Hispanic at 2%, Other at <1%, and Black at <1%.

Economics
for Lanark, IL 61046

36 /sq mi
Population Density
$70,499 /yr
Median Household Income
$0
Median Sales Price
25 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 17.57% of the households.

Transportation to Work

  • Drive 87%
  • Work from Home 7%
  • Walk or Bike 3%
  • Public Transit 1%

Occupancy by Type

Owned 1,212 62%
Vacant 486 25%
Rented 265 13%

White vs Blue Collar Jobs







White Collar 64%
Blue Collar 36%

Family & Education Facts
for Lanark, IL 61046

48.2 Median Age

Average Household Size

2.3
persons per
household

57%

Married Households

Community Population By Education

High School Graduate 35%
Some College 25%
Bachelors Degree 16%
Associates Degree 11%
Graduate Degree 7%
Some High School 6%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 34.56% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
21.7% of households have children

Weather
for Lanark, IL 61046

The weather for this area ranges from a high of 85° F in July to a low of 11° F in January

85° July
Hottest Average Month
11° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
11°
29°
Feb
15°
33°
Mar
25°
45°
Apr
37°
60°
May
48°
72°
Jun
57°
81°
Jul
61°
85°
Aug
59°
83°
Sep
51°
75°
Oct
40°
64°
Nov
28°
47°
Dec
17°
33°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 Rockford Area MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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