$158,100 EMV

2 Baths   2,354 Sq. Ft.   Commercial
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S Carpenter St # 1
Chicago, IL 60609

Overview

This Commercial Foreclosure is located at S Carpenter St # 1, Chicago, IL 60609. It has 2 Baths , 2,354 sqft of living space. This property is currently bank owned with an estimated market value of $158,100.
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Status: Active
Listing ID: 61029133
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Learn about S Carpenter St # 1 in Chicago, IL

This commercial property is available as a foreclosure at S Carpenter St # 1. It has bedrooms, 2 bathrooms, and 2,354 square feet of living space. Based on our analysis of the current market conditions in Chicago for S Carpenter St # 1 and comparable listings, the estimated market value is $158,100. If purchased for rental purposes, the monthly rental rate could range between $1,102 and $1,610. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S Carpenter St # 1 are updated daily along with others in Chicago, Illinois. Since this property is a foreclosure, check out our Foreclosure Timeline for S Carpenter St # 1 below to see helpful information about this listing.


Foreclosure Timeline

S Carpenter St # 1 in Chicago Illinois Property History

Not in Foreclosure

Pre-Foreclosure

Auction

Bank Owned

Find out more about this property on S Carpenter St # 1
View Foreclosure Status
10/04/23
Bank owned
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. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.
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Community & Neighborhood

This property in Chicago, IL is located in the Gaylords Subdivision Subdivision.


Foreclosure

The property located at S Carpenter St # 1 in Chicago, IL is listed as a Foreclosure

Properties like S Carpenter St # 1 in Chicago, Illinois 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 in Chicago, IL. The longer lenders own properties like this on S Carpenter St # 1, 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 S Carpenter St # 1 located in Chicago, IL is $1,388/month. Comparable homes around S Carpenter St # 1 that are rentals have monthly ranges starting as low as $1,102 per month and as high as $1,610 per month. An owner looking to use this property as an investment could bring a return in the area of $1,102 - $1,610 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 Carpenter St # 1
Chicago, IL 60609

2 Baths   2,354 sq. ft.   Commercial

$158,100 EMV

Status: Active Listing ID: 61029133

Property Information

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Public Records

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Property Description

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Listing URL

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