503 W Grand Prairie St, Palestine, IL

Handyman / Investor Special: 

Huge sweat-equity opportunity sitting on a generous 0.35-acre lot! 

This 4-bedroom, 1-bathroom home features 1,132 sq. ft. of living space and needs a full cleanout and rehab, making it an ideal fix-and-flip or long-term rental project.

Recent Comps (Supporting ~$90K–$95K ARV)

310 E Harrison St, Palestine, IL: Sold for $93,000 (2 bed / 1 bath, 1,180 sq. ft.) – Direct ARV benchmark.

308 S Pike St, Palestine, IL: Sold for $89,500 (4 bed / 2 bath, 1,308 sq. ft.) – Similar 4-bedroom comp.

311 W Grand Prairie St, Palestine, IL: Sold for $78,000 – Same-street comp proving strong neighborhood demand.

507 E Market St, Palestine, IL: Sold for $35,000 (3 bed / 2 bath, 1,124 sq. ft.) – As-is fixer comp.

Purchase Options:

1. Fast Cash Price: $22,000

Deeply discounted for a quick cash closing to give flippers maximum profit margin against the $90K+ ARV.

2. Owner Financing / Installment Price: $38,000

Skip bank approvals and build equity with flexible seller financing.

Down Payment: $4,000

Monthly Payment: $350 / month

Term: 10 Years (120 months)

Prorations: Buyer covers property taxes (~$963/year) and insurance.

Drive by the property, inspect the lot, and contact us today to lock this deal in!