$44,317 EMV

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Railroad Ave
Lincoln, IL 62656


This Single-Family is located at Railroad Ave, Lincoln, IL 62656. 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. It has
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Status: Inactive
Listing ID: 58453304
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Learn about Railroad Ave in Lincoln, IL

This single-family property is available as a preforeclosure at Railroad Ave. Based on our analysis of the current market conditions in Lincoln for Railroad Ave and comparable listings, the estimated market value is $44,317. If purchased for rental purposes, the monthly rental rate could range between $720 and $881. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at Railroad Ave are updated daily along with others in Lincoln, Illinois.

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Property Information

  • Living Area Size: 0
  • Lot Size: 0.22 acres
  • Source ID: 293265543
  • Day(s) On Site: 296
  • Subdivision: FRORERS
  • Parcel Number: 12-695-001-70
  • Property Type: Single Family Dwelling
  • Plaintiff: Jpmorgan Chase Bank NA
  • Case Number: 21CH30
  • Recording Date: 08-05-2022
  • Trustee Address: 161 N Clark St
  • Trustee City: Chicago
  • Trustee State: IL
  • Trustee Zip: 60601
  • Trustee Phone: (954) 370-9970
  • Deed Category: LP

Public Records

  • APN: 12-695-001-70
  • Property Type: Single Family Residence
  • Township: WEST LINCOLN
  • Subdivision: FRORERS


The property located at Railroad Ave in Lincoln, IL is listed as a Preforeclosure

The process of preforelcosure with properties like Railroad Ave in Lincoln, Illinois begin 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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Rental Value

The estimated rental value for Railroad Ave located in Lincoln, IL is $800/month. Comparable homes around Railroad Ave that are rentals have monthly ranges starting as low as $720 per month and as high as $881 per month. An owner looking to use this property as an investment could bring a return in the area of $720 - $881 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.

Listing History

Start Date End Date Listing Type Bank Name
05/08/23   Foreclosure
01/13/23 02/15/23 Preforeclosure

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Railroad Ave
Lincoln, IL 62656


$44,317 EMV

Status: Inactive Listing ID: 58453304

Property Information

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Public Records

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Property Description

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