3201 Illinois Ave
Colorado Springs, CO 80907 · MLS 4773826
- 3 bd / 1 ba
- Bedrooms / baths
- 950 sq ft
- Living area
- 1954
- Year built
- 7,100 sq ft
- Lot
"Property is being sold as-is and cash only."
From the listing. FIX & FLIP OPPORTUNITY | CASH ONLY | $249,000 | CORNER LOT | MOUNTAIN VIEWS Investors, this one is worth a look! 3BR/1BA on a premium corner lot with mountain views and plenty of upside. Offered at just $249,000, this property is ready for a full renovation and a new vision. The open floor plan provides a solid starting point, while the screened-in patio adds flexible additional space. The large corner lot is the real opportunity—ideal for creating a larger garage, expanding parking, adding RV/boat parking, or maximizing the outdoor space, subject to zoning and approvals. Estimated ARV: $370,000. Whether you're looking for your next fix-and-flip or a value-add investment, this property offers the combination investors look for: strong location, desirable lot, mountain views, and significant renovation potential. Property is being sold as-is and cash only. Buyer to verify square footage, zoning, development potential, parking, garage, RV/boat storage, and all other intended uses. Bring your contractor, run your numbers, and make your offer!
What you qualify for on 3201 Illinois Ave.
Preset with the list price and our rough renovation estimate. Change your score, your experience, the budget or the after-repair value and the numbers below move with them. Nothing is pulled and nothing is saved.
Priced at the list price.
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*Every figure on this page is a rough estimate. The renovation budget is a super rough placeholder at $110 per sq ft, not a bid or an inspection; get your own contractor numbers before you offer. Indicative estimate for discussion, not a commitment to lend. Business-purpose loans to investors only; final terms are set at submission. Fix and flip loans are sized on an appraisal and must stay under 75% of after-repair value. 10% down is for experienced investors; first-time flippers put 20% down. Fix and flip fees include administration, documents, legal, draw inspections and servicing. Title, escrow and taxes are not included.
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