556 Wimmer Place is a brick single-story home in East St. Louis, Illinois — a market that sits just across the Mississippi River from St. Louis, MO and continues to attract investors and owner-occupant buyers looking to build serious equity at a fraction of the cost of properties on the Missouri side. At a $42,000 purchase price with just $1,000 down and $595/month, this 2-bedroom, 1-bath home offers a rare entry point into homeownership or a portfolio addition for those willing to put in the work. And work is exactly what this property needs. This is a full gut rehab sold strictly as-is, and it is not habitable in its current condition. That transparency matters here — this listing is best suited for a contractor, experienced investor, or a hands-on buyer who understands what they're getting into and sees the upside clearly. What's worth noting: the bones are genuinely solid. The exterior is brick construction, hardwood floors run throughout, and original woodwork is still present — the kind of character that's difficult and expensive to replicate in new builds. There's also exterior basement access on the side of the home, which adds utility for storage or systems work. The lot is 0.10 acres with taxes of just $1,077.72 per year, paid current through 2025. The challenges are real and should be factored into any budget. Plaster ceilings have come down in two rooms, a kitchen wall is open to the lath, the bathroom requires a full renovation, the front steps are spalling, and the home needs a complete cleanout of debris and left-behind items. All mechanical, electrical, and plumbing systems should be assumed in need of inspection and likely full replacement. For the right buyer, 556 Wimmer Place is an opportunity to take a structurally sound brick home and turn it into exactly what you want it to be — on your terms, with owner financing already in place. ---