Maybe you were inspired to do a home improvement project because you follow Cheap Old Houses on Instagram or because you enjoy watching home renovation shows on HGTV. Fixer-uppers are a great option for buyers who want flexibility in how they design their future home, but are also willing to put in the work. In real estate parlance, the term fixer-upper is used to refer to a typically dilapidated or outdated home in need of repair and suitable for a buyer willing to make the investment. These are homes that sometimes need more than a little maintenance. But they’re great for homeowners looking to seek out and celebrate the potential of older residential properties, no matter what condition they’re in, while also building equity. So let’s take a look at some fixer tops that are currently for sale.
Located 50 miles north of Chicago near the Wisconsin border, Lake Villa has long been part of the popular Chain O’Lakes recreation area. Built nearly a century ago in 1925, this five bedroom, two bathroom home has sea rights to Cedar Lake which has its own private beach and use of a private dock. The wood-paneled and wallpapered home, being sold “as is,” may not fit today’s trends — but it has a lot of potential with its vaulted ceilings in the family room and walk-in basement with fireplace and bar.
This one-story residence in the suburb of Mokena has come on the market for the first time since it was originally built in 1959 by its sole owner. The three-bedroom, two-bathroom home is being sold “as-is” at $299,900, meaning the new buyer is free to bring their own design ideas. There are many options as it already has an open floor plan. If you are looking for more space – and it fits your budget – the decent backyard can be an opportunity to build an addition to the house.
If location is more important than the style of a home, this split level basement apartment could be the perfect renovation project for anyone interested in living in the Fox River Valley. The reason for the low retail price of $250,000 is pretty obvious if you click through the photos. Yes, there’s plenty of carpeting and a dated kitchen, but the options for the resourceful buyer are endless. The backyard, with its paved patio, perennials, and large shady trees, is a great selling point for this fixer-upper.
On the market for the first time in 35 years, this 1920’s Craftsman bungalow in the suburb of Downers Grove has a striking wood and stucco facade and an inviting front porch. But once you’re inside the three bedroom, one bathroom home, you can see that it needs some help. The decent living room has a wood-burning brick fireplace flanked by beautiful built-in bookshelves. Once the carpeting is removed to reveal the original hardwood floors underneath, this could be a truly amazing space. The same goes for the kitchen with its vinyl floors, wallpaper, and old-fashioned cabinets. This old house would make a great restoration project.