1 Bath   1,176 Sq. Ft.   Single-Family

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S Rhodes Ave,
Chicago, IL 60628

Status: Inactive
Listing ID: 51313977

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Notice of Public Foreclosure Auction

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Property Information

  • Bathrooms: 1
  • Living Area Size: 1,176
  • Year Built: 1943
  • Day(s) On Site: 498
  • Comments: Investor opportunity! This property is being offered at Public Auction on 09-24-2018. Visit Auction.com now to view additional photos, Property Inspection Report with title information, plat maps and interior inspection reports when available. Auction.com is the nation's leading real estate transaction platform focused exclusively on the sale of residential foreclosure and bank-owned properties. The majority of these properties are priced below market value. Don't miss this special opportunity to buy homes at wholesale prices! In addition to this property, 255 other properties are scheduled for sale at this same Foreclosure Sale. In our online auctions and live Foreclosure Sales, Auction.com currently has 1276 properties scheduled for sale in Cook County and 2757 throughout Illinois. All properties and sale details can be found with a simple search at Auction.com. Create a FREE account today to find more properties like this one, save searches of properties that meet your investment criteria and have the properties you're looking for emailed directly to you when posted in an upcoming sale event. To view the complete details of this exact property, click the Auction.com link below or paste the Property ID# 2638501 into the search bar at Auction.com
  • Subdivision: FREDERICK H BARTLETTS GREATER
  • Property Type: Single Family Dwelling
  •  

Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 2
  • Parking: ATTACHED GARAGE
  • Air Conditioning: CENTRAL
  • Exterior Wall Type: MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 3,750
  • Year Built: 1944
  • APN: 25-15-204-003-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,176
  • Basement Finish Type: UNFINISHED
  • Garage: ATTACHED
  • Style: OLD
  •  
  • Subdivision: FREDERICK H BARTLETTS GREATER

Preforeclosure

Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

Auction Information

  • Minimum Bid: $54,750
  • Auction Date: 09-25-2018

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First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.

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Chicago, IL
Home Inspectors

Brad Haugen Home Inspections, Inc.
Bradley C. Haugen ACI
773-407-2094
JRW Property Inspection and Consulting LLC
Jerry Woznyj
773-774-4260
Speaker of The House Property Inspections
Michael Massart
773-267-2272
Nick Wehrheim
773-793-5824
Buyers Protection Group Inspections
Lesley (Les) W Glowacz
800-285-3001
foreclosure.com

S Rhodes Ave
Chicago, IL 60628

1 Bath   1,176 sq. ft.   Single-Family

 

Status: Inactive Listing ID: 51313977

Property Information

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Public Records

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Property Description

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Listing URL

https://www.foreclosure.com/listing/address.html?address=S-Rhodes-Ave-Chicago-IL-60628/51313977_lid

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