Handyman / Investor Special:
Huge sweat-equity opportunity sitting on a generous 0.35-acre lot!
This 4-bedroom, 1-bathroom home features 1,132 sq. ft. of living space and needs a full cleanout and rehab, making it an ideal fix-and-flip or long-term rental project.
Recent Comps (Supporting ~$90K–$95K ARV)
310 E Harrison St, Palestine, IL: Sold for $93,000 (2 bed / 1 bath, 1,180 sq. ft.) – Direct ARV benchmark.
308 S Pike St, Palestine, IL: Sold for $89,500 (4 bed / 2 bath, 1,308 sq. ft.) – Similar 4-bedroom comp.
311 W Grand Prairie St, Palestine, IL: Sold for $78,000 – Same-street comp proving strong neighborhood demand.
507 E Market St, Palestine, IL: Sold for $35,000 (3 bed / 2 bath, 1,124 sq. ft.) – As-is fixer comp.
Purchase Options
1. Fast Cash Price: $19,900
Deeply discounted for a quick cash closing to give flippers maximum profit margin against the $90K+ ARV.
2. Owner Financing / Installment Price: $35,000
Skip bank approvals and build equity with flexible seller financing.
Down Payment: $3,250
Monthly Payment: $375 / month
Term: 10 Years (120 months)
Prorations: Buyer covers property taxes (~$963/year) and insurance.
Drive by the property, inspect the lot, and contact us today to lock this deal in!
For sale by owner
Price cut: $2.1K (9/11)
$19,900
503 W Grand Prairie St, Palestine, IL 62451
4beds
1,132sqft
SingleFamily
Built in ----
0.35 Acres Lot
$-- Zestimate®
$18/sqft
$-- HOA
Overview
- 38 days
- 450
- 25
Listed by:
Property Owner (435) 256-4100
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Interior area
- Total interior livable area: 1,132 sqft
Property
Lot
- Size: 0.35 Acres
Details
- Parcel number: 06434043035000
Construction
Type & style
- Home type: SingleFamily
Condition
- New construction: No
Community & HOA
Location
- Region: Palestine
Financial & listing details
- Price per square foot: $18/sqft
- Tax assessed value: $39,135
- Annual tax amount: $1,103
- Date on market: 8/20/2026
Estimated market value
Not available
Estimated sales range
Not available
$1,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $19,900-9.5%$18/sqft |
Source: Owner Report a problem | ||
| 8/20/2026 | Listed for sale | $22,000$19/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,103 +11.5% | $13,045 +13.5% |
| 2023 | $989 | $11,491 +13% |
| 2022 | -- | $10,170 +3.9% |
| 2021 | $963 +0% | $9,786 |
| 2020 | $962 +109.2% | $9,786 |
| 2019 | $460 -0.8% | $9,786 |
| 2018 | $464 | $9,786 +4.6% |
| 2013 | -- | $9,356 |
| 2012 | -- | $9,356 +3.8% |
| 2011 | -- | $9,011 +2.7% |
| 2010 | -- | $8,774 |
| 2009 | $455 | $8,774 |
Find assessor info on the county website
Monthly payment
Est. payment






