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.
PLEASE NOTE: 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.
For sale by owner
Price increase: $60K (9/4)
$110,000
351 N 26th St, East Saint Louis, IL 62205
3beds
1,508sqft
SingleFamily
Built in 1908
6,969 Square Feet Lot
$-- Zestimate®
$73/sqft
$-- HOA
Overview
What the owner loves about this home
There's a playground across the street.
2 car garage.
Cashflow potential.
- 23 days
- 296
- 5
Listed by:
Property Owner (858) 371-5177
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Cooling
- Central
Interior area
- Total interior livable area: 1,508 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Features
- Exterior features: Wood
- Has view: Yes
- View description: Park
Lot
- Size: 6,969 Square Feet
Details
- Parcel number: 02190412027
Construction
Type & style
- Home type: SingleFamily
Condition
- New construction: No
- Year built: 1908
Community & HOA
Location
- Region: East Saint Louis
Financial & listing details
- Price per square foot: $73/sqft
- Tax assessed value: $11,931
- Annual tax amount: $1,591
- Date on market: 8/12/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Price change | $110,000+120%$73/sqft |
Source: Owner Report a problem | ||
| 8/12/2026 | Listed for sale | $50,000+66.7%$33/sqft |
Source: Owner Report a problem | ||
| 5/5/2026 | Sold | $30,000-29.4%$20/sqft |
Source: | ||
| 8/15/2025 | Contingent | $42,500$28/sqft |
Source: | ||
| 8/7/2025 | Listed for sale | $42,500$28/sqft |
Source: | ||
| 7/28/2025 | Contingent | $42,500$28/sqft |
Source: | ||
| 7/24/2025 | Listed for sale | $42,500$28/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,591 +9.1% | $11,931 +12.6% |
| 2023 | $1,458 +12.8% | $10,598 +13.5% |
| 2022 | $1,292 +2.7% | $9,339 +5.7% |
| 2021 | $1,258 -5.6% | $8,835 -0.3% |
| 2020 | $1,333 -6.2% | $8,861 -1.2% |
| 2019 | $1,421 -12.8% | $8,972 -7.9% |
| 2018 | $1,630 +0.2% | $9,737 +1.4% |
| 2017 | $1,627 | $9,606 -0.4% |
| 2016 | $1,627 +0.6% | $9,643 -33.5% |
| 2014 | $1,617 -27% | $14,499 -2.5% |
| 2013 | $2,214 | $14,877 +4.9% |
| 2012 | -- | $14,183 -8.7% |
| 2011 | -- | $15,533 -9.8% |
| 2010 | -- | $17,223 -25.1% |
| 2009 | -- | $22,985 -6.7% |
| 2008 | -- | $24,646 |
Find assessor info on the county website
Monthly payment
Est. payment





