Price listed is Starting Bid Only. Bidding starts closing 3/11/2026 @ 5 p.m. Tucked along the peaceful shoreline of Lake Pana in Pana, Illinois, this charming two bedroom, one bath retreat offers the very best of relaxed lakeside living. With its own private boat dock, the home provides access to Lake Pana, making it effortless to enjoy boating, water sports, swimming, and fishing right outside your door. From morning coffee overlooking the water to sunset cruises, every day feels like a getaway. A welcoming wrap around porch leads into a screened in sunroom with sweeping lake views, an ideal setting for breezy summer evenings, weekend gatherings, and effortless BBQ entertaining. Inside, the home is bright, comfortable, and thoughtfully arranged for both everyday living and vacation stays. The recently updated kitchen includes all appliances, a prep counter with storage and seating room for those quick meals on the go, and a cozy dining nook perfect for casual meals after a day on the water. The spacious living room features an electric fireplace as its focal point and includes a flat screen TV with internet available for uninterrupted streaming. Both bedrooms are generously sized and equipped with dedicated baseboard heat and A/C wall units, offering year round comfort. A well appointed full bathroom sits just steps away. The home is fully electric and connected to public water and sewer. Outside, a detached two car garage provides ample space for vehicles, lake toys, and storage. A new metal roof installed in 2021 adds peace of mind. The land is not included in the sale as the land the home sits on is part of a 99 year land lease with an annual lot fee of $350, while the current owner of the home pays their portion of the property taxes for the lot. Whether you are seeking full time lake living, or the perfect weekend escape, this fully furnished and well maintained home invites you to simply bring your sunscreen and start enjoying life on Lake Pana. *Home is being sold fully furnished* Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers.
2 Beds
1 Bath
915 sq.ft
$0 per sq.ft
Other
$ 50,000
Closed
0
26010033
2
1
915
Pana Lake
PANA DIST 8
Christian
Residential
Other
Residential
$4,019
Last 6 closed homes in this zip.
| Address | Bd/Ba | SqFt | List | Sold | Closed |
|---|---|---|---|---|---|
| 15 Oak Tree Lane, Pana, IL 62557 | 2/1 | 915 | $50,000 | $112,360 224.7% of ask |
Apr 13, 2026 |
| 308 N Locust Street, Pana, IL 62557 | 3/2 | 1,390 | $98,500 | $98,500 100% of ask |
Nov 26, 2025 |
| 314 Hickory, Pana, IL 62557 | 3/3 | 1,332 | $95,500 | $93,500 97.9% of ask |
Jun 27, 2025 |
| 0 N 600 East Road, Pana, IL 62557 | 0/0 | -- | $85,000 | $75,000 88.2% of ask |
Jun 13, 2025 |
| 700 S Cedar Street, Pana, IL 62557 | 3/3 | 1,600 | $219,500 | $200,000 91.1% of ask |
Jan 10, 2025 |
| 700 E Jefferson, Pana, IL 62557 | 3/2 | 1,390 | $90,500 | $90,500 100% of ask |
Oct 25, 2024 |
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Whether you're looking to expand your investment portfolio or take your first step into real estate investing, this fully occupied income-producing property is an excellent opportunity. The property features seven one-bedroom, one-bathroom units, all currently leased and generating rental income. Recent improvements include a new roof installed in 2024 and a renovated Apartment #4. A coin-operated laundry area provides added convenience for tenants and additional income potential. Showings are available by appointment only, and advance notice is required. Call today to schedule your private viewing!
This Property will be auctioned on Auction.com - please go to the website, register an account and submit your offer(s). Listed for $10,500. PANA FULL BASEMENT VALUE! Estimated as a 2BR/1BA bungalow with 916 above grade sq ft PLUS 916 sq ft full basement & 1 car garage! Full basement adds significant square footage and utility despite compact 916 sq ft main level. Full basement differentiates property and supports premium vs. slab homes. Target buyers: Central Illinois investors familiar with smaller city markets, rental portfolio builders, contractors, budget flippers seeking manageable total investment. Pana offers affordability and stability! Exterior showing (curb viewing) only. NO inside showings available, no more inside pictures available. No contingencies will be accepted. Cash sale only. Sold "where is and as is" No Survey or Keys Provided. Interior Access for Home Inspections Will Not Be Granted. Listing Information May Not Be Accurate. Buyers Must Do Their Own Due Diligence to Verify Number of Beds, Baths, Square Footage, Room Sizes, Lot Size & Any Other Property Details. Photos, Marketing Comments, and Due Diligence Items are Provided for Guidance Purposes Only. By Making an Offer on This Property, the Buyer Represents They Have Independently Verified All Information and Have Made the Decision to Make an Offer Based Upon Their Own Investigation.
Price listed is Starting Bid Only. Bidding starts closing 3/11/2026 @ 5 p.m. Tucked along the peaceful shoreline of Lake Pana in Pana, Illinois, this charming two bedroom, one bath retreat offers the very best of relaxed lakeside living. With its own private boat dock, the home provides access to Lake Pana, making it effortless to enjoy boating, water sports, swimming, and fishing right outside your door. From morning coffee overlooking the water to sunset cruises, every day feels like a getaway. A welcoming wrap around porch leads into a screened in sunroom with sweeping lake views, an ideal setting for breezy summer evenings, weekend gatherings, and effortless BBQ entertaining. Inside, the home is bright, comfortable, and thoughtfully arranged for both everyday living and vacation stays. The recently updated kitchen includes all appliances, a prep counter with storage and seating room for those quick meals on the go, and a cozy dining nook perfect for casual meals after a day on the water. The spacious living room features an electric fireplace as its focal point and includes a flat screen TV with internet available for uninterrupted streaming. Both bedrooms are generously sized and equipped with dedicated baseboard heat and A/C wall units, offering year round comfort. A well appointed full bathroom sits just steps away. The home is fully electric and connected to public water and sewer. Outside, a detached two car garage provides ample space for vehicles, lake toys, and storage. A new metal roof installed in 2021 adds peace of mind. The land is not included in the sale as the land the home sits on is part of a 99 year land lease with an annual lot fee of $350, while the current owner of the home pays their portion of the property taxes for the lot. Whether you are seeking full time lake living, or the perfect weekend escape, this fully furnished and well maintained home invites you to simply bring your sunscreen and start enjoying life on Lake Pana. *Home is being sold fully furnished* Property will sell under auction terms and be sold AS- IS, WHERE-IS. Seller, will not make any repairs as a result of any building, occupancy, or environmental inspections. Buyer will be required to sign an Auction Purchase & Sale Agreement if final bid is accepted by Sellers.
