This house on West Dr, South Elgin, is a true fixer-upper—2 beds, 1 bath, 1,360 sqft, and it's basically down to the studs. The location is killer, with Fox River views, but it's smack in a flood zone (FEMA AE, risk 10/10), so flood insurance is a must. Recent upgrades include a new roof, siding, well, and septic, but the rest needs your personal touch. The short sale status means an extra wait, but the $75K price is a steal compared to neighborhood comps selling at $250K–$330K. If you love a challenge, this one's for you.
If you're an investor or a homeowner who doesn't mind rolling up your sleeves, focus on finishing the renovation with quality materials that highlight the water views—think new windows or a killer deck. Just don't skimp on flood-proofing! With the right upgrades, you could easily appeal to buyers looking for a riverfront retreat (and maybe double your money). For a quick sale, price competitively and stage it to show off those views. If you're not ready for a flood zone headache, though, walk away.