209 N Maple Street Grant Park, IL 60940 Residential - Single Family Contingent

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Description

Calling all investors! This 1.5-story home is the ultimate value-add project in the highly acclaimed Grant Park School District. Reduced to $100,000 (reflecting the need for structural floor framing and some foundation corrections needed), this property offers massive equity potential for a flip or a high-performing addition to your rental portfolio once repairs are complete. Much of the heavy lifting has already been done; the home was gutted to the studs approximately 15 years ago and reconstructed with PVC plumbing, copper, updated electrical, and energy-efficient insulation. The main floor features a versatile layout with a sun-drenched living room, formal dining, and a convenient first-floor bedroom and laundry. Upstairs, you'll find a second bedroom and a spacious loft-perfect for a home office, creative studio or potential 3rd bedroom conversion. Notable recent updates include a new water heater (2025), a newer roof (~5 years), and a refreshed covered front porch (2025). The sizable yard and massive 3-car detached brick garage-perfect for a workshop-provide the home oasis feel that future tenants or buyers crave. PLEASE NOTE: Property is being sold AS-IS and is not suitable for traditional financing (CASH or REHAB LOANS ONLY). Located just minutes from local shopping and dining, this home offers a relaxed pace while remaining a commuter's dream-just 55 minutes to Chicago and 20 minutes to the Bourbonnais retail hub. Bring your vision and start your next chapter here!

Property Highlights

Property Type: Residential - Single Family
Total Living Area SF: 944
Garage Size: 3
Built in 1910
School District: District 6

General Information

Bedrooms: 2
Bathrooms: 1
Sqft: 944
County: Kankakee
Listed By:
McColly Real Estate 708-946-7767
MRED MLS

Room Information

Loft: 13X10
Bedroom 2: 13X11
Dining Room: 13X10
Kitchen: 13X7
Laundry: 8X5
Living Room: 13X12
Primary Bedroom: 10X10
$100,000
Est. $706/mo
2beds
1baths
944sqft
3cars
Contingent
BEDS2 BATHS1 full SQUARE FEET944 MLS#12578834
STATUSContingent PROPERTY TYPEResidential - Single Family SCHOOLDistrict 6

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209 N Maple Street, Grant Park, IL 60940.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $100,000$100,000$100,000
Down Payment $20,000$3,500$25,000
Monthly Mortgage Amount $467$589$608
Taxes $139$139$139
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$44$0
Monthly Estimated Total $706$872$847

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