Listed on Zillow, Mt. Vernon’s cheapest property just cut its price by $10,000. Now, it is valued at $24,900 which means that it could be a good deal if it tempts potential buyers. Located at 14510 N State Highway 37, this house is sizeable as it boasts 3 bedrooms, 2 bathrooms, and 1,375 of living space. Originally built in 1940, this sits on roughly 0.80 acres of land. Understandably, this is valued at far beyond the average Mt. Vernon property price and has recently undergone a substantial price cut.
As you may expect with such a cheap price, there is a catch. In short, the property is in need of some serious renovations and has a number of issues. These include broken fittings, cosmetic damage, and insulation issues. Nonetheless, the house looks structurally sound and also includes a large garage, as well as having two stories.
Whether this property sells remains to be seen. Undoubtedly, it will require a lot of work and money to be restored to a liveable standard. Nonetheless, this may be a project for someone in Mt. Vernon and despite its flaws, it is also one of the cheapest properties in Illinois which could be turned into a lovely family home.