Alton, Illinois · Buy-and-hold opportunity

15 W Delmar Ave

Alton, IL 62002 · Madison County

Under contract — not available

$58,000

Cash or hard-money buyers · End buyer pays closing costs

2 bedrooms1 bathroom794 sq. ft.

1945 ranch with vinyl siding, a full basement, a detached 2-car garage and a 6,970 sq. ft. lot.

Call 314-451-2700

Transaction

Assignment of contract

This assignment opportunity is under contract and is not currently available. The listing remains here for reference.

Closing

Investors Title · Illinois

This property is offered through an assignment of contract. Closing will be handled by Investors Title in Illinois, subject to title clearance.

Condition

As-is opportunity

Cleanout is in progress. The home is worn and needs cosmetic renovation; the kitchen is dated but intact. Buyers should inspect and independently verify condition, measurements and repair costs.

Investment approach

Explore the buy-and-hold potential

A compact two-bedroom ranch with a full basement and detached two-car garage, offered for investors considering a long-term rental. A renovation and resale may be an alternative, depending on your inspection, repair budget and comparable sales.

Review local rental comparables, taxes, insurance, vacancy and maintenance costs before making an offer. Verify the condition and age of the roof, mechanical systems and other major components during due diligence.