$363,936 EMV

2 Beds   1 Bath   975 Sq. Ft.   Single-Family
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N Odell Ave
Chicago, IL 60656

Overview

This Single-Family Preforeclosure is located at N Odell Ave, Chicago, IL 60656. It has 2 Beds, 1 Bath , 975 sqft of living space. This property is currently in auction with an estimated market value of $363,936.
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Status: Inactive
Listing ID: 58102748

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Property Information

  • Bedrooms: 2
  • Bathrooms: 1
  • Living Area Size: 975
  • Lot Size: 0.10 acres
  • Year Built: 1952
  • Source ID: 49729839
  • Day(s) On Site: 56
  • Subdivision: ORIOLE PARK GARDENS
  • Parcel Number: 12-12-226-018
  • Property Type: Single Family Dwelling
  • Plaintiff: Wilmington Trust Co Trustee
  • Defendant Name: TIMOTHY L SMITH
  • Case Number: 21CH001713
  • Recording Date: 06-14-2022
  • Trustee Address: 175 N Franklin St
  • Trustee Name: LAW OFFICES OF IRA T NEVEL
  • Trustee City: Chicago
  • Trustee State: IL
  • Trustee Zip: 60606
  • Trustee Phone: (312) 357-1125
  • Deed Category: NFS
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Potential Home Value

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Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Parking: DETACHED GARAGE
  • Air Conditioning: YES
  • Exterior Wall Type: MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 4,187
  • Year Built: 1949
  • APN: 12-12-226-018-0000
  • Property Type: Single Family Residence
  • Living Sqft: 975
  • Basement Finish Type: UNFINISHED
  • Garage: DETACHED
  • Subdivision: ORIOLE PARK GARDENS
  •  

Preforeclosure

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.

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Auction Information

  • Auction Date: 08-09-2022
  • Auction Time: 11:00 AM
  • Auction Address: 120 W Madison St Ste 718a
  • Auction City: Chicago

    Loan Information

  • 1st Mortgage Date: 03-29-2005

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Rental Value

The estimated rental value for N Odell Ave located in Chicago, IL is $2,130/month. Comparable homes around N Odell Ave that are rentals have monthly ranges starting as low as $1,920 per month and as high as $2,340 per month. An owner looking to use this property as an investment could bring a return in the area of $1,920 - $2,340 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.


Chicago, IL
Home Inspectors
Reliant Inspection Service Corp.
Fidel F. Gonzales
630-935-7170
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
True Blue Home Inspections, Inc.
James Clark
3129250166
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
Homes On This Street
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N Odell Ave
Chicago, IL 60656

2 Beds   1 Bath   975 sq. ft.   Single-Family

$363,936 EMV

Status: Inactive Listing ID: 58102748

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=N-Odell-Ave-Chicago-IL-60656/58102748_lid

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