2 Beds   1 Bath   1,350 Sq. Ft.   Condo

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W Adline Ave Unit2,
Chicago, IL 60657

Status: Inactive
Listing ID: 56321520

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 1,350
  • Year Built: 1913
  • Comments: Invest with success and buy through Auction.com. This short sale investment property is a great opportunity to rehab and flip for potential profit or rent out for long-term income. This 1,350 square feet property features 2 beds and 1.0 bath. It is located in Cook County in the city of Chicago. Be ready to bid at the online auction starting 05-25-2021. Visit Auction.com to find additional property details, time-saving reports, and important auction information.
  • Days On Site: 52
  • Property Type: Condo

Short Sale

Short sale properties represent tremendous opportunity to you as a buyer because they are aggressively priced to sell well below or just at fair market value. Existing homeowners are typically distressed and eager to sell for less than what is owed on their mortgages. They are "underwater" and either can no longer afford their mortgage payments or are simply unwilling to continue to make them for various reasons.

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Address: W Adline Ave Unit2 Chicago IL 60657

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Auction Information

  • Minimum Bid: $97,500
  • Auction Date: 05-28-2021

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First Steps to Buying a Short Sale

Short sales often present opportunities for real estate investors to purchase property at below market prices. A short sale occurs when the mortgage lender on a property agrees to give a release for less than the amount owed on the loan. This usually occurs when the loan on the property becomes delinquent and is headed toward foreclosure. An alert property owner who knows he is facing foreclosure is well advised to keep an open line of communication with his lender. And the lender is well advised to keep an open mind to the consequences of a loan default and the benefits of agreeing to a short sale. When the lender and property owner can agree on a short sale price, the owner can advertise that the property is a short sale and can list it accordingly. Such listings attract a lot of attention and can expedite the sale of the property.

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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
773-851-9627
Chicagoland Home Inspectors Inc
Charles Bellefontaine
312-759-7045
foreclosure.com

W Adline Ave Unit2
Chicago, IL 60657

2 Beds   1 Bath   1,350 sq. ft.   Condo

 

Status: Inactive Listing ID: 56321520

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Listing URL

https://www.foreclosure.com/listing/address.html?address=W-Adline-Ave-Unit2-Chicago-IL-60657/56321520_lid

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