$210,000


6 Beds   4 Baths   3,500 Sq. Ft.

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S Michigan Ave
Chicago, IL 60637

Potential Profit

$191,350

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Status: Inactive
Listing ID: 56974730

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Property Information

  • Price: $210,000
  • Bedrooms: 6
  • Bathrooms: 4
  • Living Area Size: 3,500
  • Total Rooms: 13
  • Parking: Garage (2 spaces)
  • Year Built: 1912
  • Source ID: 137-181955
  • Additional Information: Eligible Bidders: All Bidders, 203K Eligible: Yes
  • Input Date: 11-23-2021
  • Financing Type: FHA Insured Escrow

Potential Home Value

This property has untapped potential!

Current Value
$210,000
Potential Value
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$100 Down HUD Home

Purchase this incredible HUD home with just a $100 down payment! U.S. Department of Housing and Urban Development (HUD) is a federal agency that insures mortgages to homeowners through its Federal Housing Administration (FHA). Therefore, when banks foreclose on HUD-guaranteed mortgages, the government agency acquires the properties and often offers them for sale at super low prices to the public. HUD houses are among the very best deals in real estate today and, accordingly, don't last long on the market. Act fast!

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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Chicago, IL
Home Inspectors

Chicagoland Home Inspectors Inc
Charles Bellefontaine
312-759-7045
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-851-9627
Brad Haugen Home Inspections, Inc.
Bradley C. Haugen ACI
773-407-2094
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
foreclosure.com

S Michigan Ave
Chicago, IL 60637

6 Beds   4 Baths   3,500 sq. ft.

$210,000

Status: Inactive Listing ID: 56974730

Property Information

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=S-Michigan-Ave-Chicago-IL-60637/56974730_lid

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