41 Lilac Street

Serious investors and rehabbers only. This fixer-upper opportunity is located in the highly sought-after Cottonwood Village subdivision within the Village of Glen Carbon, and is served by the award-winning Edwardsville Community Unit School District 7, including Edwardsville High School. Built in the 1970s, the home appears modular in style but is not a manufactured home. The property consists of approximately 1,008 sq ft, one full bath, and a functional single-story layout consistent with other homes along Lilac Street and throughout Cottonwood Village. Nearby renovated properties on Lilac Street have sold or are listed near the $95,000-$105,000 range, demonstrating strong after-repair value potential. The home is in poor condition and requires a full gut renovation. Observed conditions include extensive mold, visible water intrusion, wood-frame exterior with peeling paint, suspected moisture penetration behind exterior walls, and a collapsing interior ceiling. Kitchen appliances are partially removed; remaining contents, including the refrigerator, are likely best handled via a full professional trash-out prior to renovation. The property is subject to a monthly HOA estimated between $35-$55, which appears to cover parking and limited common-area maintenance (buyer to independently verify HOA documents, rules, and coverage). The surrounding homes are uniform in style, with slight variations on adjacent streets, offering a consistent neighborhood aesthetic once rehabilitated. As-is pricing reflects condition, with estimated current value in the $30,000-$35,000 range, and potential value of $40,000-$45,000 following a full trash-out. A complete renovation could support resale values approaching $95,000-$105,000, subject to scope of work and market conditions. Property sold strictly AS-IS. Seller will make no repairs. Buyer to verify room count, square footage, utilities, HOA information, zoning, liens, and condition. Cash or renovation financing strongly preferred.