31040 Penrose Road
Sterling, IL, 61081
$324,900
5 Beds
3 Baths
2,400 SqFt
1 Acres
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MLS #MRD12676251 image #0
A rare blend of history, character, and modern updates, this one-of-a-kind home was originally built as the Fairview School in 1877 and has been tastefully reimagined into a spacious five-bedroom, three-bath residence. Situated on one acre at the corner of Polo Road and Penrose, the property offers a unique living experience with thoughtful improvements throughout. The remodeled kitchen features stone countertops, a wet bar, and custom pantry, while the inviting living spaces are highlighted by a fireplace, main floor laundry, and a convenient main floor bathroom. Recent updates include a new roof, stained siding, garage floors, and garage openers in 2022, along with a new front window and door in 2025. Outside, enjoy the hot tub, attached 2.5-car garage, and a detached barn with loft and wood burner, providing endless possibilities for a workshop, storage, or hobby space. With a full basement and a rich history that can’t be replicated, this is a truly special property ready for its next chapter.

Property Details

Price:
$324,900
MLS #:
MRD12676251
Status:
Active
Beds:
5
Baths:
3
Type:
Single Family
Neighborhood:
sterling
Listed Date:
Jun 13, 2026
Finished Sq Ft:
2,400
Year Built:
1877
SterlingSterling

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Schools

School District:
5

Interior

Appliances
Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer, Water Softener
Bathrooms
3 Full Bathrooms
Cooling
Central Air
Heating
Propane, Forced Air
Interior Features
1st Floor Full Bath
Laundry Features
Main Level

Exterior

Construction Materials
Wood Siding
Garage Spaces
4
Parking Features
Yes, Garage Owned, Attached, Detached, Garage
Parking Spots
4
Parking Total
4
Roof
Asphalt

Financial

HOA Fee Frequency
Not Applicable
HOA Includes
None
Tax Year
2025
Taxes
$3,121

Map

Community

Market Summary

Current real estate data for Single Family in Sterling as of Jun 20, 2026
60
Single Family Listed
80
Avg DOM
132
Avg $ / SqFt
$223,160
Avg List Price

Property Summary

    31040 Penrose Road Sterling IL is a Single Family for sale in Sterling, IL, 61081. It is listed for $324,900 and features 5 beds, 3 baths, and has approximately 2,400 square feet of living space, and was originally constructed in 1877. The current price per square foot is $135. The average price per square foot for Single Family listings in Sterling is $132. The average listing price for Single Family in Sterling is $223,160.

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