$322,035 EMV

3 Beds   2.5 Baths   1,805 Sq. Ft.   Single-Family
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Waterfront Ave
Algonquin, IL 60102

Overview

This Single-Family Foreclosure is located at Waterfront Ave, Algonquin, IL 60102. It has 3 Beds 2.5 Baths , 1,805 sqft of living space. This property is currently bank owned with an estimated market value of $322,035.
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Status: Active
Listing ID: 63456724
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Homes near Waterfront Ave in Algonquin, Illinois


Learn about Waterfront Ave in Algonquin, IL

This single-family property is available as a foreclosure at Waterfront Ave. This property features 3 bedrooms and 2.5 bathrooms, perfect for investment and/or your personal residence. With 1,805 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 Algonquin, specifically for Waterfront Ave and comparable listings. Based on this expert analysis, the estimated market value is $322,035. If purchased for rental purposes, the monthly rental rate could range between $1,840 and $2,240, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Waterfront Ave are updated daily along with others in Algonquin, 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 Waterfront 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

Waterfront Ave in Algonquin Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on Waterfront Ave
View Foreclosure Status
03/12/25
Bank owned
Properties 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

What is the city of Algonquin, IL like?

Algonquin is a picturesque suburban village located in both McHenry and Kane counties in Illinois. Known for its charming downtown area filled with shops, restaurants, and recreational opportunities, Algonquin offers a very family-friendly environment. The area has access to various recreational parks and activities, catering to residents who enjoy outdoor living.

Residents of Algonquin benefit from a strong sense of community, supported by numerous local events throughout the year, such as summer concerts and seasonal festivals. The village is well-planned with ample walking and biking trails, ensuring that fitness and outdoor adventures are easily accessible to everyone. Families appreciate the high quality of local schools, as well as the variety of after-school programs and enrichment opportunities.

Transportation in Algonquin is convenient, with easy access to major highways connecting to nearby towns and cities, making daily commuting a breeze. There are also several public transportation options available, linking residents to larger metropolitan areas for work or leisure.

Nearby Schools

There are 4 schools in the area. Nearby schools include Algonquin Middle School and Harry D. Jacobs High School.

Algonquin Middle School
Harry D. Jacobs High School
Four Seasons Elementary School
St. Margaret Mary Catholic School

Nearby Attractions

There are plenty of activities near this property like Algonquin Area Public Library, Centegra Health System, and more.

Algonquin Area Public Library
Centegra Health System
Algonquin Recreation Center

What kind of public transportation is there?


Public transportation options include: Metra train service from Algonquin to Chicago, Local bus service connecting to nearby towns and train stations. Other services include ride-sharing services like Uber and Lyft.

Nearby Parks


Parks nearby include Riverfront Park, Veterans Memorial Park and more.

Riverfront Park
Veterans Memorial Park
Algonquin Lakes Park

Cellular & Internet Providers


Services available in the area include cellular and internet options.

Cellular Providers

Verizon
AT&T
T-Mobile
Sprint

Internet Providers

AT&T
Xfinity
RCN
Rental Chart
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for Waterfront Ave in Algonquin Illinois
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Property Information

Public Records

Community & Neighborhood

This property in Algonquin, IL is located in the Creekside Of Algonqin The Villas Phase 3 Subdivision.


Foreclosure

The property located at Waterfront Ave in Algonquin, IL is listed as a Foreclosure

Properties like Waterfront Ave in Algonquin, 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 Algonquin, IL. The longer lenders own properties like this on Waterfront 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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Legal Information

Credit Information Center

County Information

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Rental Value

The estimated rental value for Waterfront Ave located in Algonquin, IL is $2,040/month. Comparable homes around Waterfront Ave that are rentals have monthly ranges starting as low as $1,840 per month and as high as $2,240 per month. An owner looking to use this property as an investment could bring a return in the area of $1,840 - $2,240 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
04/08/25 04/18/25 Fixer Upper
03/12/25   Foreclosure
01/23/25 02/26/25 Preforeclosure Wells Fargo Bank

Similar Homes Nearby Algonquin, IL


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Waterfront Ave
Algonquin, IL 60102

3 Beds   2.5 Baths   1,805 sq. ft.   Single-Family

$322,035 EMV

Status: Active Listing ID: 63456724

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=Waterfront-Ave-Algonquin-IL-60102/63456724_lid

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