24/7 Wall St.

A large, old house in Joliet, Illinois, is on the market for $99,000. The price seems cheap. However, ownership would involve two challenges. One is that the house is a wreck. The other is that it may be haunted.

The house was the most searched on Realtor.com this week.

608 Morgan Street in Joliet has five bedrooms and one and a half baths included in its 3,280 square feet. It sits on just under half an acre.

Joliet is a reasonably good place to own a home. It is Illinois’s fastest growing city, and is the third largest in the state by population. It has 147,861 residents, up from 76,836 in 1990. Demographically, it ranks in the middle of most national income and poverty numbers. Median household income is $47,761. The poverty rate is 10.8%.

608 Morgan Street is near the center of the city, not far from the river and I-90.

Realtor.com reports:

Listing agent Steve Roake, of Brian Ernst Realty Group, says this historic home is “allegedly haunted.” Roake doesn’t believe in ghosts, but he credits the home’s popularity to a recent YouTube video of ghost hunters wandering the home in search of apparitions.

The inside of the house and the landscape are such a wreck that it will take two to three times the price of the house to put it in relatively good shape.

The listing:

The Famous Frank Shaver Allen house, built in 1887 by the renowned architect of the same name features unique design elements including limestone exterior, cylindrical tower and ornate woodworking. At approx 3200 sq ft with 5 bedrooms, this large home sits on 3 1/2 lots. The home is seeking a buyer to restore it to its former glory. Possibilities abound for this renowned home. Bring your ideas and your contractor! Renovation Financing Available with FHA 203k or Conventional 5% down.