The Chicago Tribune confirms that the property has been put on the market for $2.4 million (£1.5m), after owners Cynthia and John Abendshien decided to move after 23 years.
"We just decided we wouldn't wait any longer," Cynthia said of the couple's decision to sell despite the economic downturn.
The couple's estate agent claimed that the high asking price isn't simply because of the house's cinematic significance, but because it is a "residential masterpiece".
The 4,250-square foot property featured heavily in the Jon Hughes-produced family film, as well as its 1990 sequel Home Alone 2.
Home Alone starred child actor Macaulay Culkin as 8-year-old Kevin McAllister, who is forced to fend off two relentless burglars after being accidentally abandoned by his parents.
Visitation to the property is by appointment only, in an effort by the home-owners to avoid time-wasters who simply want to see a piece of Hollywood history.
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