Overview
This Multi-Family Tax Lien is located at Lowe Ave, Chicago Heights, IL 60411. It has 2 Baths , 2,200 sqft of living space. This property is Tax Lien with an estimated market value of $31,000.
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This multi-family property is available as a tax lien at Lowe Ave. This property features bedrooms and 2 bathrooms, perfect for investment and/or your personal residence. With 2,200 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 Chicago Heights, specifically for Lowe Ave and comparable listings. Based on this expert analysis, the estimated market value is $31,000. If purchased for rental purposes, the monthly rental rate could range between $980 and $1,480, 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 Lowe Ave are updated daily along with others in Chicago Heights, Illinois, ensuring you have the most current and accurate information.
There are 4 schools in the area. Nearby schools include Chicago Heights Middle School and Bloom Township High School.
There are plenty of activities near this property like Chicago Heights Public Library, Chicago Heights Community Center, and more.
Public transportation options include: Metra Electric Line provides convenient train services to downtown Chicago, with several stations in the area for easy access., Numerous bus routes serve the community, offering connectivity to nearby cities and suburbs.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Gensburg-Markham Woods, Hollywood Park and more.
Services available in the area include cellular and internet options.
This property in Chicago Heights, IL is located in the Chicago Heights Subdivision.
The property located at Lowe Ave in Chicago Heights, IL is listed as a Tax Lien
The property located at Lowe Ave in Chicago Heights, Illinois has a tax lien. When annual property taxes are delinquent, a lien is immediately placed against the property that must be paid in full before it can be sold. If a homeowner fails to pay his or her real estate taxes, the government or other taxing entity may attempt to sell the property. For this reason, valuable properties may sometimes be acquired for a fraction of their true value.Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
Here are the basic steps to follow:
There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for Lowe Ave located in Chicago Heights, IL is $1,230/month. Comparable homes around Lowe Ave that are rentals have monthly ranges starting as low as $980 per month and as high as $1,480 per month. An owner looking to use this property as an investment could bring a return in the area of $980 - $1,480 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 |
|---|---|---|---|
| 01/12/24 | Tax Lien | ||
| 05/04/19 | 11/01/21 | Tax Lien | |
| 08/08/14 | 02/04/17 | Tax Lien | |
| 08/09/13 | 02/06/16 | Tax Lien | |
| 07/11/09 | 08/13/09 | Foreclosure | |
| 06/16/09 | 07/01/09 | Auction | |
| 01/01/09 | 05/28/09 | Foreclosure | |
| 12/30/08 | 08/11/09 | Foreclosure | |
| 01/14/08 | 08/27/08 | Preforeclosure | CITIMORTGAGE INC |
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