Streator, IL Frame SFH Contract for Sale

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Streator, IL Frame SFH Contract for Sale

Rental Property Investor · Mars, PA · Member since 2014 · 92 posts · 36 votes

Streator Investors - seller must move ASAP for a job oppty out of state and can be out within a few days or a week. This SFH is walking distance to local City Park and Streator HS.

2 car garage was built in 2011 (not many houses have a garage in this area).

Appliances will stay. Has a newer furnace, new breaker system, and central air.

All hardwood floors on the lower level. 

Recent updates to kitchen. 

Bathroom upstairs and downstairs are updated.

Has a full, unfinished (dry) basement

This property needs cosmetic repairs only: paint and new carpet in the common area and some new carpet upstairs. Other carpeted areas just need to be cleaned.

Houses without 2 car garage in the area are renting for $750 - 900 month.

This property would cash flow well as a rental: $750/ $25K = 3%; $900/$25K = 3.6%! It could also be sold on the retail market after making the minor cosmetic updates.

Comparable SFHs in the area have sold for $39,900 - 45,000: 

$45,000 - 900 sqft - https://www.redfin.com/IL/Streator/707-W-Grant-St-... $45,000 - 1,022 sqft - https://www.redfin.com/IL/Streator/905-N-Park-St-6...

$39,900 - 1,016 sqft - https://www.redfin.com/IL/Streator/124-W-Elm-St-61...

If you are interested, call 773-672-7733 or email [email protected].  

More pictures available upon request. A viewing of the property can be arranged. Cash purchase only.

Time is of the essence, please reach out ASAP to seize this opportunity. 

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