807 Devon Ave, Park Ridge, IL 60068

*Rental Value Coming Soon


This Commercial is located at Devon Ave, Park Ridge, IL 60068. This listing is NOT an active listing. Updates to this listing have stopped. This listing may be off the market. No further information is available at this time.
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Status: Inactive
Listing ID: 40116478
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Learn about 807 Devon Ave in Park Ridge, IL

This commercial property is available as a preforeclosure at 807 Devon Ave. Based on our analysis of the current market conditions in Park Ridge for 807 Devon Ave and comparable listings, 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. Properties like this one located at 807 Devon Ave are updated daily along with others in Park Ridge, Illinois.

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Property Information

  • Comments: ADDL PINS 12-02-200-009-0000, 12-02-200-048-0000, 12-02-200-049-0000, PUBLICATION HAS 811 DEVON AVE
  • Day(s) On Site: 3567
  • Parcel Number: 12 02 200 008 0000
  • Property Type: Commercial
  • Owner First Name: MICHAEL JAMES
  • Owner Last Name: SERGEY
  • Case Number: 13CH0014736
  • Recording Date: 06-14-2013
  • Judgment Date: 06-13-2013
  • Judgment Value: $1,374,198
  • Input Date: 12-09-2013
  • Attorney Firm Phone: (312) 641-0060
  • Deed Category: NFS
  • Document Number: 0529235550


Often, the preforeclosure period is the best time to purchase a property. The process begins when a lender first notifies a borrower that his or her loan payments are behind. If a borrower has no other means to bring the payments up to date, he or she is far better served to sell the property as soon as possible before it falls into foreclosure.

First Steps to Buying a Preforeclosure

Preforeclosure status means the owner of the property has defaulted on his mortgage obligation and the lender is taking steps to foreclose on the loan and take possession of the property. This situation places the property owner and the lender in a disadvantaged position. But it may not be too late for the property owner to work things out with his lender.  At the same time the lender may be interested in allowing a short sale (sale of the property for less than the amount owed) just to avoid the costly process of foreclosure on the loan, and then the expense of marketing the property. That leaves open the opportunity for a real estate investor to come in and solve the problem for both parties.


Auction Information

  • Auction Date: 12-20-2013
  • Auction Time: 11:00 AM
  • Auction Location: 120 W MADISON ST STE 718A CHICAGO 60602

Loan Information

  • 1st Mortgage Date: 08-25-2009
  • 1st Mortgage Amount: $1,223,625
  • Mortgage Type: COMMERCIAL

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Homes On This Street
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Devon Ave
Park Ridge, IL 60068



Status: Inactive Listing ID: 40116478

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