$800 down. That's the entry point. 2512 W 24th St is a fire-damaged 1-bedroom, 1-bath home in Granite City, Illinois — 650 square feet, owner financed at $45,000 with payments of $495/month. The sale includes the vacant lot next door, giving the right buyer both a project property and additional land in a single transaction.

The fire damage is disclosed upfront because it has to be. This is a rehab property and it's priced accordingly. For a buyer or investor with contractor access and a clear-eyed view of repair costs, the numbers at this price point leave room to work. The vacant lot adds flexibility — additional parking, outdoor space, or a future asset depending on your plans.

Granite City sits on the Illinois side of the St. Louis Metro, directly across the river from St. Louis proper. It's an established working-class community with easy access to downtown St. Louis, I-270, and the broader metro employment and retail base. Properties on the Illinois side of the river consistently offer lower entry points than their Missouri counterparts — and for buyers who know the market, that's part of the appeal.

At $45,000 with $800 down, this is priced for someone ready to take it on. No bank required.

Owner financing available — no traditional bank required.