$40,000
3BR 1 Bath Fixer Upper in East St Louis Illinois
1214 N 50th St, East St Louis, IL 62204
Property overview
Property overview
This 3-bedroom, 1-bathroom single family fixer-upper is located in East St. Louis, Illinois, and is listed for $40,000. The home features 690 square feet of living space. The seller considers cash and conventional offers, as well as owner financing and rent-to-own terms.
Who it fits
- Fix-and-flip or rental investors: The $40,000 asking price and fixer-upper condition offer room to add value through renovation.
- Buyers seeking alternative financing: The property offers owner financing and rent-to-own options alongside cash and conventional loans.
Neighborhood notes
- Located in East St. Louis, IL 62204.
- Wyvetter Younge School of Excellence is 0.8 miles away and Avant Elementary School is 0.9 miles away.
- East St Louis Senior High School is 1.2 miles away and Annette Harris Officer School is 1.7 miles away.
Rental outlook Estimate
Market rent could roughly fall between $700 and $1,000 per month for a 3-bedroom home, an estimate buyers must independently verify using current local rent comps.
Rough estimate only. Verify with local rent comps.
Buyer questions
Is owner financing available for this property?
Yes, the seller offers owner financing and rent-to-own terms, in addition to accepting cash and conventional offers.
What is the size and layout of the home?
The home has 690 square feet of living area with 3 bedrooms and 1 bathroom.
What schools are near this East St. Louis home?
Nearby schools include Wyvetter Younge School of Excellence (0.8 mi), Avant Elementary School (0.9 mi), East St Louis Senior High School (1.2 mi), and Annette Harris Officer School (1.7 mi).
Ways to buy this home
Cash purchase
- Close as fast as the title company allows
Loan purchase
- Loan types: Conventional, FHA, VA
- Pre-approval letter required
Owner financing
- Terms open to discussion
Rent to own
- Terms open to discussion
Owner financing and rent-to-own rules vary by state. Contracts and notes are prepared by the partner title company or an attorney. Terms shown are the seller's starting point.
Property details
- Property type
- single family
- Bedrooms
- 3
- Bathrooms
- 1
- Square footage
- 690 sqft
- Price per sqft
- $58
Affordability
To comfortably afford this home (20% down, 7% rate, 30-yr fixed, 28% DTI), you'd need roughly $9,124 in annual household income.
Location
Approximate location, exact address shared by the seller.
Questions & answers
Ask the owner anything, answers are public so other buyers see them too.
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