$38,510 EMV

Single-Family
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Chestnut St
Ottawa, IL 61350

Overview

This Single-Family Foreclosure is located at Chestnut St, Ottawa, IL 61350. This property is currently bank owned with an estimated market value of $38,510.
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Status: Inactive
Listing ID: 57340745

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Property Information

  • Source ID: 293206737
  • Day(s) On Site: 202
  • Subdivision: STATES ADD
  • Parcel Number: 21-11-137-015
  • Property Type: Single Family Dwelling
  • Recording Date: 01-03-2022
  • Owner Name: FIRST NATIONAL BANK OF OTTAWA
  • Owner Mailing Address: 701 LA SALLE ST
  • Document Number: 0202200014

Potential Home Value

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Public Records

  • APN: 21-11-137015
  • Property Type: Single Family Residence
  • Township: OTTAWA
  • Subdivision: STATES ADD

Foreclosure

Properties 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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

First Steps to Buying a Foreclosure

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:

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Rental Value

The estimated rental value for Chestnut St located in Ottawa, IL is $900/month. Comparable homes around Chestnut St that are rentals have monthly ranges starting as low as $810 per month and as high as $991 per month. An owner looking to use this property as an investment could bring a return in the area of $810 - $991 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.

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Chestnut St
Ottawa, IL 61350

Single-Family

$38,510 EMV

Status: Inactive Listing ID: 57340745

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/address.html?address=Chestnut-St-Ottawa-IL-61350/57340745_lid

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