$66,300 EMV

3 Beds   1 Bath   1,575 Sq. Ft.   Single-Family
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E Cottonwood St
Springfield, IL 62703

Overview

This Single-Family Foreclosure is located at E Cottonwood St, Springfield, IL 62703. It has 3 Beds 1 Bath , 1,575 sqft of living space. This property is currently bank owned with an estimated market value of $66,300.
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Status: Active
Listing ID: 63742980
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Learn about E Cottonwood St in Springfield, IL

This single-family property is available as a foreclosure at E Cottonwood St. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,575 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Springfield, specifically for E Cottonwood St and comparable listings. Based on this expert analysis, the estimated market value is $66,300. If purchased for rental purposes, the monthly rental rate could range between $720 and $980, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on E Cottonwood St are updated daily along with others in Springfield, Illinois, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for E Cottonwood St below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


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Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

E Cottonwood St in Springfield Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on E Cottonwood St
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06/27/25
Bank owned
Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
05/15/25
Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.

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Address: E Cottonwood St Springfield IL 62703

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What is the city of Springfield, IL like?

Springfield, Illinois, is the state capital and a city rich in history and culture. Known for its connection to President Abraham Lincoln, it offers a variety of attractions, including museums, parks, and historic sites that celebrate this heritage. Residents enjoy a unique lifestyle characterized by friendly neighborhoods, local dining options, and community events throughout the year.

The city is home to several well-maintained public parks and recreational areas, providing plenty of opportunities for outdoor activities such as hiking, biking, and picnic gatherings. With a balance of urban amenities and suburban charm, Springfield attracts families, young professionals, and retirees alike, making it an ideal locale for diverse residents.

Springfield also boasts a vibrant arts scene, featuring theater productions, concerts, and festivals that engage the community and promote local talent. The city emphasizes education and offers a robust selection of schools and colleges, contributing to its appeal for families focused on educational opportunities.

Nearby Schools

There are 4 schools in the area. Nearby schools include Springfield High School and Lanphier High School.

Springfield High School
Lanphier High School
Iles Elementary School
Franklin Middle School

Nearby Attractions

There are plenty of activities near this property like Springfield Art Museum, Illinois State Museum, and more.

Springfield Art Museum
Illinois State Museum
Lincoln Presidential Library
HSHS St. John's Hospital

What kind of public transportation is there?


Public transportation options include: City of Springfield Public Transit - bus system serving the city and surrounding areas., Greyhound Bus Services providing intercity travel options.. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Washington Park, Lincoln Memorial Gardens and more.

Washington Park
Lincoln Memorial Gardens
Fairview Park
Southwind Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

Comcast Xfinity
Frontier Communications
Mediacom
Rental Chart
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for E Cottonwood St in Springfield Illinois
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Property Information

Public Records

Community & Neighborhood

This property in Springfield, IL is located in the Belmont Park Gardens Subdivision.


Foreclosure

The property located at E Cottonwood St in Springfield, IL is listed as a Foreclosure

Properties like E Cottonwood St in Springfield, Illinois listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Springfield, IL. The longer lenders own properties like this on E Cottonwood St, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:

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Auction Information

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Rental Value

The estimated rental value for E Cottonwood St located in Springfield, IL is $850/month. Comparable homes around E Cottonwood St that are rentals have monthly ranges starting as low as $720 per month and as high as $980 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $980 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.

Listing History

Start Date End Date Listing Type Bank Name
06/27/25   Foreclosure
05/15/25 06/24/25 Preforeclosure Lakeview Loan Servicing LLC
03/25/25 06/24/25 Preforeclosure
01/23/25 06/24/25 Preforeclosure
02/15/24 12/11/24 Preforeclosure Lakeview Loan Servicing LLC
01/17/12 11/12/12 Preforeclosure Bac Home Loans Servicing Lp
01/12/12 02/21/12 Preforeclosure BAC HOME LOANS SERVICING

Similar Homes Nearby Springfield, IL


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Homes On This Street
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E Cottonwood St
Springfield, IL 62703

3 Beds   1 Bath   1,575 sq. ft.   Single-Family

$66,300 EMV

Status: Active Listing ID: 63742980

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=E-Cottonwood-St-Springfield-IL-62703/63742980_lid

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