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For sale about 1 month ago

$9,996

4 bd 2 ba 1700 sqft

108 NW 2nd St. , Fairfield, IL 62837

Residential SFR Needs Repairs Off MLS

Current Rent **

N/A

Projected Rent **

$1,000

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Alex Castro

🏚️ Fairfield, IL Value-Add Opportunity | 4 Bed / 2 Bath | $18,000

📍 Fairfield, IL 62837

Looking for your next BRRRR, rental, or flip project?

This 4-bedroom, 2-bath, two-story home offers approximately 1,700 sq ft plus a full basement and is priced well below market value.

💰 Asking Price: $18,000 Cash
📈 Estimated ARV: ~$130,000
🛏️ 4 Bedrooms
🛁 2 Bathrooms
📐 Approx. 1,700 Sq Ft
⬇️ Full Basement

Property needs a full renovation, but the structure offers strong upside for the right investor.

Potential Strategies:
✅ Fix & Flip
✅ BRRRR
✅ Long-Term Rental
✅ Value-Add Rehab

Highlights:
• Solid foundation
• Roof already in place
• Large footprint
• Strong equity spread
• Significant upside after renovation

Conservative rent estimate after rehab: approximately $1,000-$1,150/month.

This is an assignment of contract. Cash buyers preferred.

Send me a message for photos, access details, and additional information.

Location:

108 NW 2nd St. , Fairfield, IL 62837

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.