$44,900

2 Beds   1 Bath   Single-Family
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Herbert Ave
Rockford, IL 61104

Potential Profit

$8,932

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Status: Inactive
Listing ID: 58574049

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Property Information

  • Price: $44,900
  • Bedrooms: 2
  • Bathrooms: 1
  • Full Baths: 1
  • Basement: Yes
  • Lot Size: 0.17 acres
  • Style: Ranch
  • Heating Type: Forced Air
  • Air Conditioning: Central A/C
  • Comments: Listing Status: Pending
  • Source ID: 202205458
  • Day(s) On Site: 80
  • Subdivision: MASONS
  • School District: Rockford 205
  • Elementary School: District 205-rfd
  • Senior High School: District 205-RFD
  • Junior High School: District 205-RFD, District 205-RFD
  • Property Type: Single Family Dwelling
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Public Records

  • APN: 1136328005
  • Property Type: Single Family Residence
  • Township: ROCKFORD
  • Subdivision: MASONS

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 Herbert Ave located in Rockford, IL is $670/month. Comparable homes around Herbert Ave that are rentals have monthly ranges starting as low as $11,365 per month and as high as $770 per month. An owner looking to use this property as an investment could bring a return in the area of $11,365 - $770 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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Homes On This Street
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Herbert Ave
Rockford, IL 61104

2 Beds   1 Bath   Single-Family

$44,900

Status: Inactive Listing ID: 58574049

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=Herbert-Ave-Rockford-IL-61104/58574049_lid

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