$314,900

3 Beds   1 Bath   1,144 Sq. Ft.   Single-Family
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Sunshine Ave
Third Lake, IL 60030

Potential Profit
$19,283

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Status: Active
Listing ID: 63856718
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Homes near Sunshine Ave in Third Lake, Illinois


Learn about Sunshine Ave in Third Lake, IL

This single-family property is available as a foreclosure at Sunshine Ave. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,144 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 Third Lake, specifically for Sunshine Ave and comparable listings. Based on this expert analysis, the estimated market value is $187,978. This single-family has potential equity of $19,283. If purchased for rental purposes, the monthly rental rate could range between $1,490 and $1,650, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $19,283. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Sunshine Ave are updated daily along with others in Third Lake, 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 Sunshine Ave below to see detailed and helpful information about what stage of the foreclosure process this listing is in.


Buy this home for as little as

Plus with taxes and insurance

Based on 20% down, 30 year mortgage, with 6% APR

Principal
Interest
Property Taxes
Homeowners Insurance
Total Monthly Ownership Cost

All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.

Foreclosure Timeline

Sunshine Ave in Third Lake Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Sunshine Ave
View Foreclosure Status
07/22/25
Bank owned
The lender has taken ownership of this property through a foreclosure auction for the amount of $314,900. 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

What is the city of Third Lake, IL like?

Third Lake is a charming village located in Lake County, Illinois, known for its scenic landscapes and recreational opportunities. It offers a peaceful atmosphere while being in proximity to larger urban centers, making it an ideal location for both families and retirees.

The village is surrounded by natural beauty, including the lake itself, providing various outdoor activities such as fishing, boating, and nature walks. It is also home to a tight-knit community, with regular events that foster social interaction among residents.

In terms of amenities, Third Lake features a selection of local shops, parks, and dining options. The area is well-equipped for families, with access to various educational institutions and recreational facilities.

Nearby Schools

There are 3 schools in the area. Nearby schools include Third Lake School and Grayslake North High School.

Third Lake School
Grayslake North High School
Woodview School

Nearby Attractions

There are plenty of activities near this property like Third Lake Village Hall, Public Library, and more.

Third Lake Village Hall
Public Library
Fitness Centers

What kind of public transportation is there?


Public transportation options include: Metra train service to Chicago from nearby Grayslake station, Local bus services connecting to surrounding areas. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Third Lake Park, Antioch Community Park and more.

Third Lake Park
Antioch Community Park
Spranger Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile

Internet Providers

Comcast Xfinity
AT&T
Frontier
Rental Chart
View Rental and Market Value
for Sunshine Ave in Third Lake Illinois
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Property Information

Public Records

Community & Neighborhood

This property in Third Lake, IL is located in the Sunshine Sub/third Lake Add 02 Subdivision.


Foreclosure

The property located at Sunshine Ave in Third Lake, IL is listed as a Foreclosure

Properties like Sunshine Ave in Third Lake, 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 Third Lake, IL. The longer lenders own properties like this on Sunshine Ave, the more eager they become to sell, often at reduced prices.

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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Contact Information

Credit Information Center

County Information

Document Center

Rental Value

The estimated rental value for Sunshine Ave located in Third Lake, IL is $1,570/month. Comparable homes around Sunshine Ave that are rentals have monthly ranges starting as low as $1,490 per month and as high as $1,650 per month. An owner looking to use this property as an investment could bring a return in the area of $1,490 - $1,650 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.

Listing History

Start Date End Date Listing Type Bank Name
07/22/25   Foreclosure

Similar Homes Nearby Third Lake, IL


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Sunshine Ave
Third Lake, IL 60030

3 Beds   1 Bath   1,144 sq. ft.   Single-Family

$314,900

Status: Active Listing ID: 63856718

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=Sunshine-Ave-Third-Lake-IL-60030/mls-15567646/63856718_lid

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