Overview
This Multi-Family Foreclosure is located at Madison Ave, Calumet City, IL 60409. It has 6 Beds 2.5 Baths , 2,889 sqft of living space. This property is currently bank owned.
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Get Property Details Now!This multi-family property is available as a foreclosure at Madison Ave. This property features 6 bedrooms and 2.5 bathrooms, perfect for investment and/or your personal residence. With 2,889 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 Calumet City, specifically for Madison Ave and comparable listings. Based on this expert analysis, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Madison Ave are updated daily along with others in Calumet City, 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 Madison 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
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Address: Madison Ave Calumet City IL 60409
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There are 3 schools in the area. Nearby schools include Coolidge Middle School and Calumet City Elementary School.
There are plenty of activities near this property like Calumet City Library, Calumet City Community Center, and more.
Public transportation options include: South Shore Line commuter train service, Bus routes servicing the Calumet City area. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Calumet Park, River Oaks Park and more.
Services available in the area include cellular and internet options.
This property in Calumet City, IL is located in the Fordson Manor Subdivision.
The property located at Madison Ave in Calumet City, IL is listed as a Foreclosure
Properties like Madison Ave in Calumet City, 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 Calumet City, IL. The longer lenders own properties like this on Madison 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.
Auction Information |
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Status: Inactive
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Inactive
Status: Active
Status: Active
US BANK NATIONAL ASSOCIATION
07/31/25 - 09/10/25Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
PARK PLACE SECURITIES INC
07/30/24 - 05/26/25Status: Inactive
Status: Inactive
US BANK NATIONAL ASSOCIATION
07/30/24 - 05/26/25Status: Inactive
Status: Inactive
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