Overview
This Condo Foreclosure is located at Grove Ave, Schaumburg, IL 60193. This property is currently bank owned with an estimated market value of $286,442.
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This condo property is available as a foreclosure at Grove Ave. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Schaumburg, specifically for Grove Ave and comparable listings. Based on this expert analysis, the estimated market value is $286,442. If purchased for rental purposes, the monthly rental rate could range between $1,400 and $1,540, 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 Grove Ave are updated daily along with others in Schaumburg, 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 Grove Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
There are 4 schools in the area. Nearby schools include Adolph Link Elementary School and Schaumburg High School.
There are plenty of activities near this property like Schaumburg Library, Schaumburg Medical Center, and more.
Public transportation options include: Metra train services connect Schaumburg to downtown Chicago, providing a convenient commute for residents. Local bus services also operate within the suburb, offering additional transit options.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Busse Woods Forest Preserve, Spring Valley Nature Center and more.
Services available in the area include cellular and internet options.
This property in Schaumburg, IL is located in the Briar Pointe Condo Subdivision.
The property located at Grove Ave in Schaumburg, IL is listed as a Foreclosure
Properties like Grove Ave in Schaumburg, 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 Schaumburg, IL. The longer lenders own properties like this on Grove Ave, the more eager they become to sell, often at reduced prices.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:
Steps as you search for your foreclosure property:
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
The estimated rental value for Grove Ave located in Schaumburg, IL is $1,470/month. Comparable homes around Grove Ave that are rentals have monthly ranges starting as low as $1,400 per month and as high as $1,540 per month. An owner looking to use this property as an investment could bring a return in the area of $1,400 - $1,540 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.
| Start Date | End Date | Listing Type | Bank Name |
|---|---|---|---|
| 07/23/25 | Foreclosure | ||
| 01/04/25 | 03/12/25 | Preforeclosure | |
| 03/05/24 | 03/12/25 | Preforeclosure | PNC BANK |
| 02/26/24 | 03/12/25 | Preforeclosure | Pnc Bank |
| 03/16/20 | 06/11/20 | Preforeclosure | |
| 03/14/20 | 03/21/20 | Preforeclosure | |
| 10/29/19 | 06/11/20 | Preforeclosure |
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