$112,100 EMV

1,064 Sq. Ft.

1015 W Main St, Collinsville, IL 62234


This Bankruptcy is located at W Main St, Collinsville, IL 62234. It has , 1,064 sqft of living space. This property is Bankruptcy with an estimated market value of $112,100.
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Status: Active
Listing ID: 57172158
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Learn about 1015 W Main St in Collinsville, IL

This property is available as a bankruptcy at 1015 W Main St. Based on our analysis of the current market conditions in Collinsville for 1015 W Main St and comparable listings, the estimated market value is $112,100. If purchased for rental purposes, the monthly rental rate could range between $840 and $1,020. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at 1015 W Main St are updated daily along with others in Collinsville, Illinois.

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The property located at W Main St in Collinsville, IL is listed as a Bankruptcy

This bankruptcy listing at W Main St in Collinsville, Illinois is among more than 1 million records featured in our comprehensive nationwide real estate database. However, unlike most property records, not all homes / addresses associated with a bankruptcy filing are for sale. This is an important legal concept to understand before moving forward on W Main St Collinsville, IL. We highly recommend that you first contact the court-appointed receiver / trustee listed below (scroll down) under "Bankruptcy Information" to learn whether or not the property is (or will soon be) for sale.

What is a bankruptcy estate?

A property owner who is experiencing difficult financial issues will sometimes file for bankruptcy as a last resort. This is a legal proceeding (usually called Chapter 7 bankruptcy), during which a court-appointed receiver / trustee will be assigned to determine all the assets of a distressed property owner. More often than not, a home or property is one of the most valuable assets that the court-appointed receiver / trustee will leverage to satisfy the distressed property owner’s outstanding debts. The contents of the home, as well as any other assets (e.g. cars, boats, etc.), are also often included in a bankruptcy estate. The court-appointed receiver / trustee is almost always motivated to sell a property included in a bankruptcy filing very fast -- there is no real attachment to it other than to obtain funds to pay off debts. And the savings for a savvy buyer and/or investor looking to buy bankruptcy houses for sale in Collinsville, IL can be tremendous.

First Steps to Buying a Bankruptcy

In order to purchase a bankruptcy property, you will need to approach the court appointed receiver / trustee to pursue your deal.

Contact the bankruptcy trustee to find out if the property is for sale as part of the bankruptcy.  If so, request the terms for the sale of the property as well as any additional information regarding the condition of the property. This will help you understand the type of investment your are getting into.


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Rental Value

The estimated rental value for located in Collinsville, IL is $930/month. Comparable homes around W Main St that are rentals have monthly ranges starting as low as $840 per month and as high as $1,020 per month. An owner looking to use this property as an investment could bring a return in the area of $840 - $1,020 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
02/23/22   Tax Lien

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W Main St
Collinsville, IL 62234

1,064 sq. ft.

$112,100 EMV

Status: Active Listing ID: 57172158

Property Information

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