High-Potential Single-Family Fixer-Upper on Spacious Lot in the Heart of Pana, IL – Incredible Value for Investors

Description

Big Value Fixer in Pana, IL – 406 W Lake St Spacious Lot | Rehab Opportunity | High Equity Potential Don’t miss this chance to pick up a well-located property in the heart of Pana, Illinois, at a deeply discounted price. This 2–3 bedroom home sits on a wide residential lot with tremendous upside for the right investor. Bring your vision—this one is ready for transformation. ✨ Property Highlights: 🛏 2–3 Bedrooms 🛁 1 Bathroom 📍 Centrally located just blocks from downtown Pana 🏡 Spacious lot with potential for driveway, garden, or patio 🔨 Property needs full renovation—ideal for experienced rehabbers or investors 🚶 Walkable to shops, parks, and schools 📈 Comparable Sales in Pana, IL: 802 E 2nd St – Sold for $84,500 (3 Bed / 1 Bath) 507 E Washington St – Sold for $79,900 (3 Bed / 2 Bath) 308 W 4th St – Sold for $75,000 (2 Bed / 1 Bath) 🌆 Why Pana? Pana is a growing small town in Christian County, centrally located with easy access to Springfield and Decatur. Known for its community charm and affordability, Pana offers: Low property taxes Established rental demand and stable resale market Nearby Lake Pana and Kitchell Park for recreation Local schools, hospital, and retail within minutes Whether you're looking for a flip, long-term rental, or low-cost entry into the market, 406 W Lake St offers a powerful blend of price, potential, and location.