541 N 27th St
East St. Louis
IL

z
541 N 27th St
Down Payment: $
1500
Monthly Payment: $
695
Home Overview
2
1
541 N 27th St
59000
About This Home
Affordable homeownership in the St. Louis Metro area just got more accessible. This 2-bedroom, 1-bathroom home at 541 N 27th St in East St. Louis, IL offers a rare opportunity to stop renting and start building equity — with a low $1,500 down payment and manageable monthly payments of just $695/month on a $59,000 purchase price.
East St. Louis sits directly across the Mississippi River from downtown St. Louis, MO, placing you within easy reach of one of the Midwest's most dynamic urban centers. Whether you're commuting into St. Louis for work, accessing the Metro-Link light rail system, or simply looking for an affordable foothold in the broader St. Louis Metro market, this location delivers genuine value at a price point that's nearly impossible to find on the Missouri side of the river.
At $695 per month with only $1,500 down, this home presents one of the most accessible paths to ownership available in the region — especially for buyers who have been priced out of the conventional mortgage market or are simply looking to avoid the red tape that comes with traditional bank financing. Owner financing means a straightforward, direct agreement between buyer and seller, with no lengthy loan approval process standing between you and the keys.
The 2-bedroom layout works well for individuals, couples, or small families looking to plant roots without overextending financially. With East St. Louis continuing to draw attention as an area of long-term investment potential — bolstered by its proximity to major employment centers, highways, and the cultural and economic activity of the greater St. Louis region — buying now means getting into the market before values climb further.
If building ownership, stability, and long-term financial independence are your goals, this property deserves a close look.
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Location & Payment Details
Market:
St. Louis MetroCity:
East St. Louis
Square Foot:
Down Payment: $
1500
Monthly Payment: $
695
Term (Years):
30
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