Welcome to the much maligned Midwest. Land of incredible architecture. Great homes, restoration, and most of all Historic Preservation opportunities and bargains.
Friday, October 31, 2014
Friday Fix: Big City Edition, Homes for 25K or less!
We often feature houses in small towns on our Friday Fix because most of the bargains are in smaller towns. Today we thought we would focus on Big Cities in the Midwest and just see what 25K OR LESS will buy.
This house sits NW of the Indianapolis downtown in an area the city recently announced it has plans on investing major dollars in cleanup and turnaround. Exterior is in not bad condition and this would be good base for restoration and you can be in on the ground floor of a neighborhood turnaround. Something Indy has been very successful with before. At 13,000.00 it is less than you would pay for vacant lot in most places.
Detroit is working its way through a massive foreclosure crisis but better quality homes are getting harder to find. 16183 Northlawn is a 4 BD, 1 ½ BA, large living room with fireplace too. WALKING DISTANCE TO MARYGROVE COLLEGE. Over 1800 sq feet and only 14,900.00
Toledo has opportunities too and we found this corner storefront priced at 20K has a certain charm that after restoration would make great live work. 1666 sq ft, Under that remuddle is a classic Italianate corner store building.
This is the outside of our Friday Fix Cover photo and its in Chicago. This Brick Townhome is at 6442 S Paulina has a lot going for it. Woodwork, encaustic tile in the entry, fireplaces and more. Sits with several nice and under restoration homes Priced at ONLY 16K better buy it before some flipper gets it!