$705,012 EMV

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Patrick Ct
Frankfort, IL 60423


This Single-Family is located at Patrick Ct, Frankfort, IL 60423. 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: 59620609
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Learn about Patrick Ct in Frankfort, IL

This single-family property is available as a preforeclosure at Patrick Ct. Based on our analysis of the current market conditions in Frankfort for Patrick Ct and comparable listings, the estimated market value is $705,012. If purchased for rental purposes, the monthly rental rate could range between $2,450 and $3,310. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Patrick Ct are updated daily along with others in Frankfort, Illinois.

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Property Information

  • Day(s) On Site: 65
  • Subdivision: IN THE HOMESTEAD
  • Property Type: Single Family Dwelling
  • Plaintiff: Fifth Third Bank
  • Defendant Name: Unknown Heirs and Legatees of Marlene G. Vance aka Marlene Gail Vance aka Marlene Vance aka Marlene G. Aggen; Scott Vance aka Scott G. Vance; Russell Vance; Jonathan Womack as Special Representative for Marlene Gail Vance; Unknown Owners and Non-Record Claimants
  • Case Number: 19 CH 1157-0
  • Deed Category: NFS

Public Records

  • Basement Sqft: 3,339
  • Parking Sqft: 840
  • APN: 19-09-31-205-014-0000
  • Property Type: Single Family Residence
  • Township: FRANKFORT TWP
  • Subdivision: IN THE HOMESTEAD


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: 03-30-2023
  • Auction Time: 12 Noon
  • Auction Location: Courtroom 201, Will County Court Annex, 57 N Ottawa St, Joliet, IL 60432

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Rental Value

The estimated rental value for Patrick Ct located in Frankfort, IL is $2,880/month. Comparable homes around Patrick Ct that are rentals have monthly ranges starting as low as $2,450 per month and as high as $3,310 per month. An owner looking to use this property as an investment could bring a return in the area of $2,450 - $3,310 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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Patrick Ct
Frankfort, IL 60423


$705,012 EMV

Status: Inactive Listing ID: 59620609

Property Information

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Public Records

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Property Description

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