Potential Profit$233,513
This multi-family property is available as a foreclosure at W Palmer St. This property features 7 bedrooms and 5 bathrooms, perfect for investment and/or your personal residence. With 3,940 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 Chicago, specifically for W Palmer St and comparable listings. Based on this expert analysis, the estimated market value is $475,684. This multi-family has potential equity of $233,513. If purchased for rental purposes, the monthly rental rate could range between $1,780 and $2,420, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $233,513. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on W Palmer St are updated daily along with others in Chicago, 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 W Palmer St 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
There are 4 schools in the area. Nearby schools include Walter Payton College Preparatory High School and Lane Technical College Prep High School.
There are plenty of activities near this property like Chicago Public Library - Main Branch, Illinois Medical District, and more.
Public transportation options include: Chicago Transit Authority (CTA) provides extensive bus and train service throughout the city, making commuting convenient for residents. The 'L' train system connects downtown with neighborhoods., Metra commuter trains offer connections to suburbs and surrounding areas, providing further accessibility for those working outside the city.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Millennium Park, Lincoln Park and more.
Services available in the area include cellular and internet options.
This property in Chicago, IL is located in the Hambleton Subdivision.
The property located at W Palmer St in Chicago, IL is listed as a Foreclosure
Properties like W Palmer St in Chicago, 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 Chicago, IL. The longer lenders own properties like this on W Palmer St, 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.
The estimated rental value for W Palmer St located in Chicago, IL is $2,100/month. Comparable homes around W Palmer St that are rentals have monthly ranges starting as low as $1,780 per month and as high as $2,420 per month. An owner looking to use this property as an investment could bring a return in the area of $1,780 - $2,420 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 |
|---|---|---|---|
| 07/19/25 | Foreclosure | ||
| 03/11/24 | 09/29/24 | Foreclosure | |
| 08/29/23 | 11/28/23 | Preforeclosure | US Bank Na Trustee |
| 08/26/22 | 11/28/23 | Preforeclosure | US BANK |
| 07/26/06 | 05/22/07 | Preforeclosure | HSBC BANK USA |
The information provided on the Website, which encompasses details such as property dimensions, floor area, valuation, geographic location, and general property description, is furnished for your convenience and originates from third-party sources. This data should not be interpreted as constituting a contractual offer for the procurement, leasing, or advertising of real estate. No express or implied warranties or assurances are extended concerning these properties, including their availability. While the data presented on this Website is considered reliable, it acknowledges a degree of uncertainty, thus necessitating independent verification.
The administrators of this platform, as well as their respective directors, associates, and personnel, have not undertaken a process of due diligence to verify the accuracy of the information. Their role is limited to disseminating the information, and they do not accept liability, whether direct or indirect, for any injuries, losses, claims, damages, or associated indirect or consequential harms, including but not limited to lost profits or savings, arising from the use of any information or any deficiencies, inaccuracies, or defects in the disseminated information within the bounds of the Website.
Foreclosure.com, in conjunction with its Affiliates, disclaims any responsibility arising from your acquisition of third-party goods, services, or tangible properties based on the informational context of the Site. Foreclosure.com reserves the right, at its sole discretion and without prior notice, to rectify errors or omissions within any section of the Site or to restrict access to the Site.
Relying solely on the informational content featured on the Website is not advisable. Conduct your own personal inquiries and seek legal counsel regarding any property under consideration within the scope of the Website or the associated data.
Calculate monthly mortgage payments with our easy mortgage loan calculator.
Copy the link below:
Millions of people receive foreclosure alerts daily, don't miss out.
Alert me about homes in that match this search.
By signing up for property alerts, I have read the Terms and Conditions of Service and agree to receive emails from Foreclosure.com.
Foreclosure.com Advantage:
At Foreclosure.com, we are driven by a mission — to streamline the journey of finding and purchasing distressed properties for our users across the nation. We understand both the challenges and opportunities presented by the real estate market. So learning is an essential part of investing and we equip you with tools and knowledge through how-to videos, insights from local area experts, and state-specific legal information. These resources are designed to empower you with the knowledge to make informed decisions, whether you're a first-time buyer or seasoned investor.
