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Single Family Fixer in East Saint Louis – Great Value Near St. Louis Metro

$15,888.00 USD
Closes: 

6d7h(Aug 27, 2025 06:06 PM UTC)

$200.00 USD

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$15,888.00 USD

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Sales/Lot Type:

Online Auction

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WATCHERS: 16 |VISITORS: 7

Seller

Pitman Realty LLC - Real Estate Remarketing, NY

Seller's Terms & Conditions

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Seller's Other Items

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Description

Lot#

25752-178

Condition

Used/See Description

5427 Rosemont Ave, East Saint Louis, IL 62204 – Affordable Single-Family Rehab with Cash Flow Potential
2–3 Bedrooms | 1 Bath | Strong Rental Market | Easy Access to St. Louis

Located in a central pocket of East Saint Louis, this single-family home offers a great value play for investors seeking strong rental yield or long-term appreciation. With 2–3 bedrooms, a manageable layout, and close access to city infrastructure, this property is ideal for rehab and rental conversion.

✨ Property Highlights:
🛏 2–3 Bedrooms

🛁 1 Bathroom

📍 Quiet residential street near schools and city services

🏠 Compact home ideal for rental portfolio or first flip

🔧 Needs full rehab – utilities and structure to be evaluated

🚗 Street parking, walkable area, minutes from downtown St. Louis

📈 Comparable Sales in the Area:
5504 Piggott Ave – Sold for $52,000 (3 Bed / 1 Bath)

5411 Trendley Ave – Sold for $48,000 (2 Bed / 1 Bath)

2127 Bond Ave – Sold for $46,000 (2 Bed / 1 Bath)

🌆 Why East Saint Louis?
East Saint Louis remains one of the top cash-flowing rental markets in the Metro East region, with investor-friendly pricing and proximity to the St. Louis metro. Key advantages include:

Low entry prices and high cap rates

MetroLink and highway access to downtown STL

Eligible for Section 8 programs and city redevelopment incentives

Reinvestment initiatives and regional infrastructure funding underway

This is a no-brainer for value-seeking investors ready to put in the work and extract long-term returns. 5427 Rosemont Ave is your next affordable project with big rental upside.

Seller Information

Seller:

Pitman Realty LLC - Real Estate Remarketing, NY

[ view seller's other assets ]

Account Type:

Commercial

Inspection

Buyers are welcome to visit the property prior to placing a bid if they are able to. We are not based in the local area though, so no one will be there to meet you. Buyers do so at their own risk. It is highly recommended that interested bidders arrange for an external inspection personally or through a designated and that they contact the county or city in which the property is located to confirm the status of the property. All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Additionally, buyers acknowledge and agree that the seller and any representatives thereof shall not be held liable for any accidents, injuries, or damages that may occur during or as a result of the property visit. Buyers enter the property at their own risk and are responsible for their own safety. Furthermore, buyers understand that any information provided by the seller or its representatives is for informational purposes only and should not be solely relied upon. It is recommended that buyers independently verify all information provided, including but not limited to property boundaries, zoning regulations, and any potential legal encumbrances. Buyers acknowledge that the seller makes no representations or warranties regarding the title, ownership, or legal status of the property. It is the buyer's responsibility to conduct a title search and obtain appropriate legal advice to ensure clear and marketable title. By participating in the bidding process, buyers release the seller and its agents from any and all claims, liabilities, and damages arising from or related to the property, including but not limited to environmental issues, structural defects, or undisclosed property conditions. Buyers understand that any deposits or earnest money submitted with their bid are non-refundable, regardless of whether the bid is successful or the transaction closes. This helps ensure serious and committed bidders only participate in the auction process. Additionally, buyers acknowledge and agree that they are solely responsible for any utilities, property expenses, HOA fees, survey fees, boundary fees, property taxes, ground testing costs, or any other expenses associated with the property, whether current or outstanding. The seller shall not be liable for any such fees or expenses. Buyers also understand and accept that the property is being sold strictly in its current condition, "as-is," with no warranties or representations, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose. Furthermore, buyers are informed that Sellers are liquidators, and these properties are sold with a significant discount. Sellers have not visited these properties and therefore cannot provide detailed information beyond what is publicly available. Buyers are encouraged to do all due diligence on the properties but may not enter any premises without written permission from the seller. This property will be sold with a notarized quitclaim deed to the buyer. All sales are final. We do guarantee that we have the legal right to transfer ownership to seller and that there are no outstanding mortgages on properties for sale.

Payment

The Buyer Service Fee is to be paid electronically via the 'My Bids' page. The remaining sale amount is paid directly to client at either time of pickup or according to any special payment instructions.

The Buyer's Certificate will contain information to schedule payment & removal.

Once the Buyer Service Fee has been paid to Liquidity Services, payment of the asset in full is due no later than five (5) business days from the time and date of the Buyer's Certificate. Acceptable forms of payment are: Wire Transfer (ACH Not Accepted), Zelle, or Certified Bank Check.

Checks shall be made payable to: Pitman Realty LLC

Removal

***SELLER TO PREPARE DEED DIRECTLY***


Upon receipt of the payment and title information, the quit claim deed will be sent to the County to be recorded into your name by the seller and a copy of the deed will be emailed to you for your records.

There is a $399.95 document fee and processing fees.

Special Instructions

Buyers are welcome to visit the property prior to placing a bid if they are able to. We are not based in the local area though, so no one will be there to meet you. Buyers do so at their own risk. It is highly recommended that interested bidders arrange for an external inspection personally or through a designated and that they contact the county or city in which the property is located to confirm the status of the property. All potential real estate bidders are reminded that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Additionally, buyers acknowledge and agree that the seller and any representatives thereof shall not be held liable for any accidents, injuries, or damages that may occur during or as a result of the property visit. Buyers enter the property at their own risk and are responsible for their own safety. Furthermore, buyers understand that any information provided by the seller or its representatives is for informational purposes only and should not be solely relied upon. It is recommended that buyers independently verify all information provided, including but not limited to property boundaries, zoning regulations, and any potential legal encumbrances. Buyers acknowledge that the seller makes no representations or warranties regarding the title, ownership, or legal status of the property. It is the buyer's responsibility to conduct a title search and obtain appropriate legal advice to ensure clear and marketable title. By participating in the bidding process, buyers release the seller and its agents from any and all claims, liabilities, and damages arising from or related to the property, including but not limited to environmental issues, structural defects, or undisclosed property conditions. Buyers understand that any deposits or earnest money submitted with their bid are non-refundable, regardless of whether the bid is successful or the transaction closes. This helps ensure serious and committed bidders only participate in the auction process. Additionally, buyers acknowledge and agree that they are solely responsible for any utilities, property expenses, HOA fees, survey fees, boundary fees, ground testing costs, or any other expenses associated with the property, whether current or outstanding. The seller shall not be liable for any such fees or expenses. Buyers also understand and accept that the property is being sold strictly in its current condition, "as-is," with no warranties or representations, express or implied, including but not limited to warranties of merchantability or fitness for a particular purpose. Furthermore, buyers are informed that Sellers are liquidators, and these properties are sold with a significant discount. Sellers have not visited these properties and therefore cannot provide detailed information beyond what is publicly available. Buyers are encouraged to do all due diligence on the properties but may not enter any premises without written permission from the seller. This property will be sold with a notarized quitclaim deed to the buyer. All sales are final.

Additional Information

First time bidding? Please review our Terms and Conditions.

For further assistance please review our Frequently Asked Questions.

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