$208,250 EMV

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S 55th Ct
Oak Lawn, IL 60453


This Land Preforeclosure is located at S 55th Ct, Oak Lawn, IL 60453. It has This property is currently in pre-foreclosure with an estimated market value of $208,250.
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Status: Active
Listing ID: 59826757
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Learn about S 55th Ct in Oak Lawn, IL

This land property is available as a preforeclosure at S 55th Ct. Based on our analysis of the current market conditions in Oak Lawn for S 55th Ct and comparable listings, the estimated market value is $208,250. If purchased for rental purposes, the monthly rental rate could range between $1,490 and $1,830. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S 55th Ct are updated daily along with others in Oak Lawn, Illinois. Since this property is a preforeclosure, check out our Foreclosure Timeline for S 55th Ct below to see helpful information about this listing.

Foreclosure Timeline

S 55th Ct in Oak Lawn Illinois Property History

Not in Foreclosure



Bank Owned

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Lis Pendens issued
The owner of this property was served a notice of lis pendens for missed mortgage payments.
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The property located at S 55th Ct in Oak Lawn, IL is listed as a Preforeclosure

The process of preforelcosure with properties like S 55th Ct in Oak Lawn, 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 S 55th Ct located in Oak Lawn, IL is $1,660/month. Comparable homes around S 55th Ct that are rentals have monthly ranges starting as low as $1,490 per month and as high as $1,830 per month. An owner looking to use this property as an investment could bring a return in the area of $1,490 - $1,830 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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S 55th Ct
Oak Lawn, IL 60453


$208,250 EMV

Status: Active Listing ID: 59826757

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