503 W Grand Prairie St, Palestine IL12 photos
503 W Grand Prairie St, Palestine IL, photo 2
503 W Grand Prairie St, Palestine IL, photo 3
503 W Grand Prairie St, Palestine IL, photo 4
503 W Grand Prairie St, Palestine IL, photo 5
503 W Grand Prairie St, Palestine IL, photo 6
503 W Grand Prairie St, Palestine IL, photo 7
503 W Grand Prairie St, Palestine IL, photo 8
503 W Grand Prairie St, Palestine IL, photo 9
503 W Grand Prairie St, Palestine IL, photo 10
503 W Grand Prairie St, Palestine IL, photo 11
503 W Grand Prairie St, Palestine IL, photo 12
Owner finance

$19,900

503 W Grand Prairie St

Palestine, IL 62451

Beds4
Baths1
Sq ft1,132
Rent estimate$1,364/mo
Listed by

The owner (for sale by owner, no agent). Contact the owner through the original listing.

What the listing says

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 Fast Cash Price: $19,900 Deeply discounted for a quick cash closing to give flippers maximum profit margin against the $90K ARV. Owner Financing / Installment Price: $35,000 Skip bank approvals and build equity with flexible seller financing. Down Payment: $3,250 Monthly Payment: $375 / 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!

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Single Family

Lot Size

15,246 sq ft

HOA

None

More owner-financed homes near Palestine

Questions about owner financing in Palestine

What is owner financing for 503 W Grand Prairie St?

Owner financing means the seller of 503 W Grand Prairie St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Palestine, IL home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this Palestine home?

There is no standard down payment. The seller of this Palestine home sets their own, and it is negotiable. Ask the seller or their agent.

Keeps it in your Saved list.