Overview
This Single-Family Tax Lien is located at Algonquin St, Park Forest, IL 60466. It has 1 Bath , 1,092 sqft of living space. This property is Tax Lien with an estimated market value of $78,440.
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This single-family property is available as a tax lien at Algonquin St. This property features bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,092 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 Park Forest, specifically for Algonquin St and comparable listings. Based on this expert analysis, the estimated market value is $78,440. If purchased for rental purposes, the monthly rental rate could range between $930 and $1,251, 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 Algonquin St are updated daily along with others in Park Forest, Illinois, ensuring you have the most current and accurate information.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
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.
There are 3 schools in the area. Nearby schools include Park Forest Academy and Rich East High School.
There are plenty of activities near this property like Park Forest Public Library, Health and Fitness Center, and more.
Public transportation options include: Pace bus services connecting to nearby train stations, providing access to downtown Chicago.. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Central Park, Park Forest Conservatory and more.
Services available in the area include cellular and internet options.
This property in Park Forest, IL is located in the Village/pk Forest Area 01 Subdivision.
The property located at Algonquin St in Park Forest, IL is listed as a Tax Lien
The property located at Algonquin St in Park Forest, Illinois has a tax lien. When annual property taxes are delinquent, a lien is immediately placed against the property that must be paid in full before it can be sold. If a homeowner fails to pay his or her real estate taxes, the government or other taxing entity may attempt to sell the property. For this reason, valuable properties may sometimes be acquired for a fraction of their true value.Tax Liens are issued when a property owner fails to pay real estate taxes in a timely manner and a taxing authority, such as a city, county, or state, declares the taxes in default.
Here are the basic steps to follow:
There is a highly organized market for real estate tax liens and many sophisticated investors buy them. Tax liens can offer higher returns than many other types of interest-bearing investments and represent an opportunity for very little cash. The market for tax lien properties is competitive and the taxing authorities have specific rules to be followed. A wise investor will research each property to make certain his investment is secure.
The estimated rental value for Algonquin St located in Park Forest, IL is $1,090/month. Comparable homes around Algonquin St that are rentals have monthly ranges starting as low as $930 per month and as high as $1,251 per month. An owner looking to use this property as an investment could bring a return in the area of $930 - $1,251 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 |
|---|---|---|---|
| 12/13/24 | Tax Lien | ||
| 05/04/19 | 11/01/21 | Tax Lien |
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