The Central Illinois Land Bank Authority is selling a residential structure at 10 E. North St. Ridge Farm, IL and the adjacent vacant lot at 8 E. North St in Ridge Farm, IL. The property is two-story, approximately 2000 square feet, with partial unfinished basement/crawlspace, 3-4 bedrooms, 2 baths, enclosed front and back porches, antique fireplace, hot water boiler, 100 amp electrical, 2 car detached garage and one car garage, and a large lot that includes vacant lot and garage on the west side. In order for a sale to be approved by CILBA’s Board, a prospective buyer must provide a Scope of Work with application outlining what measures will be done to bring property up to code.
This is a great project for responsible contractor willing to put in sweat equity and take on a gut rehab. The property will be marketed for 2 weeks on CILBA’s website to ensure the land bank receives the best offer on the property.
A walk thru for interested buyers will be held on Friday, February 4th at 9am.