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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

    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!
    38 days
    450
    25
    Listed by:

    Property Owner (435) 256-4100

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      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

        DateEventPrice
        9/11/2026Price change$19,900-9.5%$18/sqft
        Source: Owner Report a problem
        8/20/2026Listed for sale$22,000$19/sqft
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax 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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 62451

        Getting around

        34 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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