Located in East Alton, Illinois — a small, tight-knit community nestled along the Mississippi River corridor in the greater St. Louis Metro region — 336 Goulding St presents a genuine opportunity for a buyer with vision, skill, and the drive to build equity from the ground up. This 2-bedroom, 1-bathroom home is offered at $69,000 through owner financing, with just $1,000 down and $800 per month, making it one of the more accessible entry points for buyers looking to own rather than rent in Madison County. For cash buyers, this property is also available at $28,000 — and the seller is open to almost all offers, making this an unusually flexible opportunity regardless of how you intend to purchase. **Important Disclosure:** This property is currently condemned by the city of East Alton and will require a passing occupancy inspection before it can be legally occupied. Buyers should plan accordingly — this means rehabilitation work will need to be completed and inspected before moving in. This is not a weekend touch-up project; it is a renovation opportunity that demands serious attention and investment. That said, for the right buyer — a contractor, an investor, or a determined owner-occupant willing to put in the work — the numbers here tell an interesting story. East Alton sits just minutes from Alton proper and is within commuting distance of the Illinois side of the St. Louis Metro, including Granite City, Edwardsville, and major employment corridors along Route 111 and the river. Property values in this region have shown steady interest from buyers seeking affordable alternatives to higher-cost suburban markets. Owner financing means no traditional bank loan is required to purchase this property, removing one of the biggest barriers for non-conventional buyers. With a low down payment and manageable monthly terms, this listing rewards buyers who understand that the biggest deals often require the most work — and the most patience. Due diligence, city communication, and a clear rehab plan are strongly encouraged before proceeding.