(Galesburg, IL) FULL GUT 2/1 — BRRRR / BUY & HOLD — ARV ~$120K — PRICED AT $29,900
Vacant, easy-access full gut on a big 0.58-acre lot in Galesburg. Priced to move — bring your crew, finish it your way, and hold it long term or flip it. Clean concrete-floor basement, roof believed ~10 yrs. Utilities currently off (no water/gas meter set) — budget a full systems build-out.
THE NUMBERS List price: $29,900 ARV: ~$120,000 Market rent: ~$1,000/mo Condition: FULL GUT — needs everything (mechanicals, kitchen, bath, finishes)
PROPERTY 2 bed / 1 bath · 1,230 sqft · built 1940 0.58-acre lot · concrete-floor basement · add-on garage (teardown) Vacant — walkthrough by appointment
COMPS — recent Galesburg solds 187 Highland Ave — 2/1, 1,080 sqft — SOLD $115,000 660 Willard St — 2/1, 1,300 sqft — SOLD $135,000 788 E Losey St — 3/1, 1,141 sqft — SOLD $123,500 1137 N Kellogg St — 2/2, 1,336 sqft — SOLD $127,500
BRRRR SNAPSHOT Buy at $29,900, finish the gut, and you're all-in well under ARV with instant equity — refi and pull capital back out, tenant pays the note. Cash-flows as a long-term rental around $1,000/mo.
Cash / hard-money only. EMD $5,000. Assignable contract. Proof of funds required for showings.
Mauricio — Roque Investor Club Dispo: 646-825-6654
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.
1 deals visible on map
Zoom in to see deals.
Zoom in to see deals
ARV $120,000
From the listing
The seller picked no comps. Investimate’s own value for this home is $68,000.