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701 S East Street
Olney IL 62450 US

$40,000

Active Listing ID 11688981
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2 bed
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2.00 Bath (2 Full)
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Lot: 0.25 Acres
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Single Family Residence

$40,000

Active Listing ID 11688981
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701 S East Street Opportunity is knocking on this one! If you've been searching for a fixer-upper with space, character, and upside, this is it. This 3-4 bedroom, 2 bathroom story-and-a-half home offers a layout that just makes sense, with large rooms, tons of storage, and more usable space than you'd expect. Step inside to a spacious living room and an eat-in kitchen featuring a built-in breakfast bar and additional cabinetry. The main level includes two bedrooms with lighted, walk-in closets, a full bathroom, and convenient laundry hookups. Upstairs, you'll find a large bonus room that could easily serve as a fourth bedroom, along with another bedroom and full bathroom-perfect for added privacy or flexible living space. The home also features a full unfinished basement, plus a two-car attached garage with a second-story storage area-and truly, storage is everywhere you turn in this home. Situated on an L-shaped corner lot totaling approximately 0.25 acre, the exterior offers decent curb appeal, while major updates like the roof and HVAC (heat & central air) have already been completed in last decade. The home is also updated to breaker electrical service. Important: This home does need work and is being sold as a handyman special-but with the size, layout, and price point, the potential here is undeniable. Whether you're an investor, flipper, or buyer looking to build equity, this is one you don't want to overlook.

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Property Features

  • Facts
  • Lot Size: 0.25 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • Cooling System: Central Air
  • Floor Covering: Carpet, Hardwood, Linoleum
  • Roof Type: Asphalt
  • Heating Fuels: Fireplace(s), Forced Air
  • Additional Features
  • Fireplace

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 40000
  • unparsedaddress: 701 S East Street
  • postalcity: Olney
  • stateorprovince: IL
  • country: US
  • postalcode: 62450
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.25
  • lotsizeunits: Acres
  • lotsizearea: 0.25
  • livingarea: 1700
  • livingareaunits: Square Feet
  • latitude: 38.723983
  • longitude: -88.075881
  • listagentfullname: Amy Bailey
  • listagentemail: albailey7706@yahoo.com
  • listagentkey: 3yd-NYSMLS-115415
  • listagentmlsid: 115415
  • listagentpreferredphone: 6186623170
  • listagentofficephone: 6186623170
  • listofficekey: 3yd-NYSMLS-10083
  • listofficemlsid: 10083
  • disclaimer: Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NYSMLS
  • listingcontractdate: 2026-04-10
  • parcelnumber: 11-03-202-001
  • elementaryschooldistrict: Richland County CUSD 1
  • middleorjuniorschooldistrict: Richland County CUSD 1
  • highschooldistrict: Richland County CUSD 1
  • appliances: Dishwasher, Dryer, Refrigerator, Washer
  • cooling: Central Air
  • flooring: Carpet, Hardwood, Linoleum
  • heating: Fireplace(s), Forced Air
  • numberofunitstotal: 0
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Attached
  • roof: Asphalt
  • waterfrontyn: False
  • interiorfeatures: Walk-in Closet
  • architecturalstyle: Other
  • rooms: Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bonus Room, Kitchen, Living Room
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -88.07588, 38.723984
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"AMY LEE REALTY LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"albailey7706@yahoo.com", "ListBrokerageCity":"Flora", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"AMY LEE REALTY LLC", "ListBrokeragePhone":null, "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"IL", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"201 E. 2nd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"201 E. 2nd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Flora", "ListOfficeCountry":"US", "ListOfficeEmail":null, "ListOfficePostalCode":"62839", "ListOfficeStateOrProvince":"IL", "ListPriceCurrencyType":"USD", "ListingTitle":"House (Detached) - Olney, IL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/701-S-East-St_Olney_IL_62450_M83474-82833?f=listhub&s=NYSMLS&m=11688981&c=rexren", "MLSModificationTimestamp":"2026-04-10T17:33:12Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"House (Detached)", "RawPropertyType":"House (Detached)", "RoomCount":7, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":1456, "TaxDescription":null, "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/11/2026 12:04:44 AM GMT
Source Updated Date: 4/27/2026 6:44:31 PM GMT

Courtesy of: Amy Bailey, AMY LEE REALTY LLC, albailey7706@yahoo.com

Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.