$400 DOWN PAYMENT!

This 1-bedroom, 1-bath single-family home offers approximately 700 square feet of living space and is located in East St. Louis. The monthly payment of $400 includes principal, interest and taxes, with a total purchase price of $40,000.

The property is a handyman special and will require installation of a furnace and water heater, along with having the utility companies put the electric and gas meters back on the house. The home has recently been cleaned out, and these remaining mechanical items will need to be addressed by the buyer as part of their improvement plan.

For investors, this property presents a compelling opportunity — average 1-bedroom/1-bath rents in the area run approximately $895/month, leaving plenty of room for strong returns once the property is brought up to rental condition.

Overall, this is a value-oriented opportunity for a buyer or investor prepared to handle mechanical work and pursue affordable ownership or solid rental income.