351 N 26th St, East Saint Louis IL10 photos
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Owner finance

$110,000

351 N 26th St

East Saint Louis, IL 62205

Beds3
Baths3
Sq ft1,508
Year built1908
Rent estimate$1,509/mo
Listed by

The owner (for sale by owner, no agent). Contact the owner through the original listing.

What the listing says

ONLY $5,000 DOWN OWNER FINANCING AVAILABLE NO BANK NEEDED! Looking for a way to stop renting and start owning, or an investor looking to build rental cash flow without having to qualify for traditional bank financing? This 3 bedroom, 2.5 bathroom home with approximately 1,500 sq. ft. could be a great opportunity. OWNER FINANCING TERMS: Down Payment: $5,000 Monthly Payment: $1,125 Purchase Price: $110,000 30-year financing Instead of spending years paying rent with nothing to show for it, this is an opportunity to get into a home with a relatively small down payment, make improvements over time, and work toward ownership. INVESTORS / SECTION 8 LANDLORDS: With only $5,000 down, this may also be an attractive opportunity to acquire and improve a rental property without tying up a large amount of cash or obtaining a traditional mortgage. Repair it, get it rent-ready, and potentially create monthly cash flow while building equity over time. The property is being sold AS-IS and will need some cleanup, repairs and cosmetic improvements. This is reflected in the opportunity and financing being offered. The property is currently occupied by a non-paying tenant. Eviction proceedings are already underway, with the next court date scheduled for September 21, 2026. Buyer will receive full disclosure regarding the current occupancy situation. Timing of possession cannot be guaranteed and is subject to completion of the legal process. Located directly across from a playground with plenty of space and potential for the right buyer. $5,000 gets you started no traditional bank financing required. Serious buyers only. Message for additional details, financing information, or to schedule a time to discuss the property. Buyer to independently verify property condition, measurements, rental potential, Section 8 eligibility/rents, and all other information. Terms subject to approval and written agreement.

See the original listing ↗

This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.

Property Details

Property Type

Single Family

Lot Size

6,969 sq ft

HOA

None

More owner-financed homes near East Saint Louis

Questions about owner financing in East Saint Louis

What is owner financing for 351 N 26th St?

Owner financing means the seller of 351 N 26th St acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this East Saint Louis, IL home mentions owner financing; confirm it with the seller.

Do I need good credit for owner financing?

There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.

How much is the down payment for this East Saint Louis home?

There is no standard down payment. The seller of this East Saint Louis home sets their own, and it is negotiable. Ask the seller or their agent.

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