Overview
This Single-Family Foreclosure is located at Parks Ln, Ottawa, IL 61350. This property is currently bank owned with an estimated market value of $131,679.
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Get Property Details Now!This single-family property is available as a foreclosure at Parks Ln. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Ottawa, specifically for Parks Ln and comparable listings. Based on this expert analysis, the estimated market value is $131,679. If purchased for rental purposes, the monthly rental rate could range between $1,082 and $1,291, 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 Parks Ln are updated daily along with others in Ottawa, 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 Parks Ln 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
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Address: Parks Ln Ottawa IL 61350
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There are 3 schools in the area. Nearby schools include Ottawa High School and Shepherd Middle School.
There are plenty of activities near this property like Ottawa Public Library, Ottawa Regional Hospital, and more.
Public transportation options include: MetroLink commuter rail service connecting to Chicago, Local bus services provided by the Ottawa Mass Transit District. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Washington Park, Plank Road Park and more.
Services available in the area include cellular and internet options.
The property located at Parks Ln in Ottawa, IL is listed as a Foreclosure
Properties like Parks Ln in Ottawa, 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 Ottawa, IL. The longer lenders own properties like this on Parks Ln, 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.
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The estimated rental value for Parks Ln located in Ottawa, IL is $1,171/month. Comparable homes around Parks Ln that are rentals have monthly ranges starting as low as $1,082 per month and as high as $1,291 per month. An owner looking to use this property as an investment could bring a return in the area of $1,082 - $1,291 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 |
|---|---|---|---|
| 10/18/25 | Foreclosure | ||
| 09/11/25 | 09/18/25 | Foreclosure | |
| 06/14/25 | 07/16/25 | Preforeclosure | |
| 12/26/24 | 07/16/25 | Preforeclosure | Midfirst Bank |
| 12/26/24 | 10/03/25 | Preforeclosure | Midfirst Bank |
| 09/14/23 | 07/10/24 | Preforeclosure | MIDFIRST BANK |
| 09/14/23 | 07/10/24 | Preforeclosure | Midfirst Bank |
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Buckingham Rd
Fort Myers, FL
| 3 BEDS |
2 BATHS |
1,280 SQUARE FEET |
Single-Family PROPERTY TYPE |
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