Potential Profit$867,766
This multi-family property is available as a foreclosure at S Muskegon Ave. This property features 15 bedrooms and 15 bathrooms, perfect for investment and/or your personal residence. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Chicago, specifically for S Muskegon Ave and comparable listings. Based on this expert analysis, the estimated market value is $1,111,844. This multi-family has potential equity of $867,766. If purchased for rental purposes, the monthly rental rate could range between $1,001 and $1,408, providing a solid return on investment. For those interested in resale, the estimated profit from selling is $867,766. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on S Muskegon Ave 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 S Muskegon Ave 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.
The property located at S Muskegon Ave in Chicago, IL is listed as a Foreclosure
Properties like S Muskegon Ave 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 S Muskegon Ave, 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 S Muskegon Ave located in Chicago, IL is $1,181/month. Comparable homes around S Muskegon Ave that are rentals have monthly ranges starting as low as $1,001 per month and as high as $1,408 per month. An owner looking to use this property as an investment could bring a return in the area of $1,001 - $1,408 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 |
|---|---|---|---|
| 08/09/25 | Foreclosure | ||
| 04/01/25 | 04/29/25 | Preforeclosure | |
| 08/23/24 | 04/29/25 | Preforeclosure | |
| 09/16/22 | 07/13/23 | Preforeclosure | CITY OF CHICAGO |
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