Sterling, IL 61081 Assignment Contract | Off Market Property For Sale | Fixxer Upper Property For Sale Available
- $74,000
- 3 beds
- 2 baths
- 2,150 sqft
Unlock Off-Market Potential: Assignable Contract on a 2,150 Sq Ft Fixer-Upper in Sterling, IL!
Priced at just $74,000 cash AS IS, this charming 1890-built gem offers incredible wholesale value for savvy investors. The 3-bed, 1.5-bath home needs repairs in the bathroom and kitchen but boasts a versatile layout with bonus rooms, a full unfinished basement, durable brick/vinyl exterior, detached garage, and two gas log fireplaces—perfect for flips or rentals in Sterling’s stable market.
Post-renovation, expect an ARV of $180,000 to $220,000 depending on renovation quality. Currently under assignable contract—contact us today to review details and secure this quick-turn deal!
- Price:
- $74,000
- Address:
- Sterling, Illinois 61081
- Square Feet:
- 2,150
- Lot Size:
- 6,750 Square Feet Lot
- Bedrooms:
- 3
- Bathrooms:
- 2
- Terms:
- Assignment of Contract
- Property Type:
- Home
- Year Built:
- 1890
Additional Features
Investment Opportunity: Assignable Contract on Fixer-Upper in Sterling, IL
Sterling, IL 61081
Asking Price: $74,000
(Assignable Contract - Wholesale Deal)
After Repair Value: $180,000 - $220,000
(Depending on Renovation Quality)
Price per Sq Ft: $34
Annual Taxes: $2,671
(Assessed Value: $31,478)
This 1890-built, 2,150 sq ft fixer-upper offers massive potential for investors in Sterling’s stable market, with rental comps easily reaching $2,000-$2,400 monthly. Featuring 3 bedrooms, 1.5 baths, and a full unfinished basement, this home sits on a 6,750 sq ft lot with a durable brick/vinyl exterior and no HOA fees. The kitchen and bathroom need repairs, but with an ARV of $180,000-$220,000 depending on renovation quality, this assignable contract is ideal for wholesalers or rehabbers. Act fast to secure this off-market deal!
Key Property Highlights:
- Bedrooms & Bathrooms: 3 beds, 1.5 baths (1 full, 1 half)
- Interior Layout: Spacious main-level living room (15x15), family room (20x14), dining room (14x12), kitchen (12x11 with pantry), den (13x10), and bonus room (25x9). Upper-level bedrooms include two 14x14 primaries and one 14x11.
- Heating & Cooling: Natural gas steam heating; wall unit cooling.
- Additional Features:
- Historic Charm: 1890-built home with potential for classic details, ideal for Sterling’s historic market.
- Unfinished Basement: Full basement for adding living space or a rental unit.
- Low Maintenance Exterior: Brick and vinyl siding with asphalt roof for durability.
- Spacious Lot: 6,750 sq ft lot for outdoor upgrades, appealing to Sterling buyers.
- No HOA: Freedom to renovate or rent without fees.
- Gas Fireplaces: Two gas log fireplaces for added warmth.
- Parking & Exterior: Detached 1-car garage with concrete driveway; on-site parking.
- Utilities: Public sewer and water.
- Condition & Construction: Built in 1890; 2 stories; needs kitchen and bathroom repairs; no disability access. New construction: No.
- Lot & Community: 6,750 sq ft lot in Sterling; no special conditions.
Off-market since May 9, 2025, this fee simple property is ready for assignment. Contact us to review the contract and secure this high-potential deal before it’s gone!
