OfferMarket

1016 N 37th St, East St Louis, IL 62204, USA

$14,900

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APPROVED FOR FUNDING FROM OFFERMARKET CAPITAL - GET INSTANT LOAN QUOTE AND PRE APPROVAL

Low Risk - 50-60% Cap near Jones Park
Don't sleep on this Landlord special!
OVERVIEW:
Type: Single Family Home
Size: 780 ft
Lot Size: 6,534
Year Built: 1948
Beds / Baths: 2/2
Big Front Year
Driveway with large front yard
HIGHLIGHTS:
Section 8 – low vacancy submarket
Cash-flowing rental - minimal entry
Property taxes under $150/yr 
Walking distance to transit, HWY 64
Room to improve and refi after stabilization
RENTAL COMPS
Rent: $950–$1,050/mo (Section 8 OK)
5711 N Park Dr: 2/1 → $995/mo
5611 Hallows Ave: 1/1 → $895/mo
2231 Loren St: 2/1 → $995/mo
SUGGESTED UPDATES
Est. 15-20k Rent Grade Rehab
Landscaping: Full yard clearing
Siding: replace damaged panels
Roof: Patch or replace sections
Windows: assume 4–6 new windows
Porch: Repair or replace stairs
Exterior paint touch-up
Flooring: consider full replacement (LVP) 
Entire interior Paint
Update Kitchen & Bathroom
HVAC: a new wall furnace or mini split
Electrical: Some rewiring & updates
General Pest remediation and sealing

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