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409 N State Street Franklin Grove, IL 61031 Residential - Single Family Price Change

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Description

Welcome to Lincoln Way Stay, this property is a completely private, all-inclusive accommodation designed to make you feel transported to a world of luxury. Following eight and half fabulous years of welcoming countless guests, brides and grooms, and gatherings of all shapes and sizes, the property is presently utilized as a short-term guest lodging, but could also be perfect as private residences (multi-generational or divided lots). The main house spans 10,000 square feet across four floors and includes six bedrooms. Each floor is equipped with its own HVAC system. The main floor features a welcoming foyer, a spacious living room, an elegant dining room, a dining porch, modern kitchen featuring high-capacity commercial appliances, perfect for preparing and serving meals for large groups, and a powder room. On the second floor, you'll find three bedrooms with private bathrooms, including a primary suite with a gas fireplace. This floor also houses a laundry room with two washers and dryers, sink, and storage space. The third floor offers two bedrooms with a shared living room and bathroom, each bedroom featuring its own vanity and one bedroom opening to a small deck. The stone cellar is a standout, with a bathroom, shower, custom-built Finlandia sauna, bedroom, studio kitchen, living room, workout room, storage, and a tornado bunker with an escape window. The property also includes an original barn used for lawn storage with two garage doors and a historic well house, both dating back to the late 1800s. The carriage house, approximately 2,300 square feet, features a second-story retreat with a full kitchen, living room, laundry room, powder room, and a king suite that includes an en suite bathroom with a shower and jacuzzi tub. French doors open to a private deck from both the suite and the main area, with five-car parking below. The 3,200 square foot cottage offers a full kitchen and dining room with an open floor plan, leading to a small foyer and full bathroom. The second floor includes a primary king bedroom with a catwalk leading to an open-air office and sitting room. The lower level comprises a living room, laundry, bathroom with shower, bedroom, and a cement tornado bunker with garden-style windows for emergency exits. The property's enchanting outdoor features include a fireside pagoda, water garden, and yoga lawn, surrounded by native plants and tropicals in warm months, apple trees, and herbs. Relax by the fountain, flowing creek, and koi fish waterfall beside the yoga lawn, and discover cozy spots to rest and renew in this quiet Midwestern community. With over $3 million in renovations, this is truly a one of a kind offering.

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 15,000
Lot Size: 1.66 acres
Garage Size: 5
Built in 1911
Elementary School: Afc Elementary School
High School: Afc High School
Middle School: Afc Middle School
Three Fireplaces

General Information

Bedrooms: 9
Bathrooms: 9
Sqft: 15,000
County: Lee
High School: Afc High School
Listed By:
Compass 630-974-6750
MRED MLS

Room Information

Recreation Room: 13X14
Bedroom 5: 14X16
Bedroom 6: 11X12
Bedroom 7: 12X17
Bedroom 8: 20X17
Bedroom 9: 16X18
Sitting Room: 18X20
Bedroom 2: 13X14
Bedroom 3: 14X16
Bedroom 4: 14X13
Dining Room: 14X15
Family Room: 15X17
Kitchen: 18X12
Living Room: 15X35
Primary Bedroom: 12X15
$1,300,000
Est. $8,257/mo
9beds
9baths
15,000sqft
5cars
Price Change Price Reduced $200,000 on March 3rd, 2026
BEDS9 BATHS9 full SQUARE FEET15,000 MLS#12496551
STATUSPrice Change PROPERTY TYPEResidential - Single Family SCHOOLDistrict 275

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409 N State Street, Franklin Grove, IL 61031.

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Loan Type FHA 30 Year FixedVA 30 year fixed30 yr Jumbo
Purchase Price $1,300,000$1,300,000$1,300,000
Down Payment $45,500$0$260,000
Monthly Mortgage Amount $7,551$7,855$6,069
Taxes $1809$1809$1809
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $780$0$0
Monthly Estimated Total $10,519$10,043$8,257

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