$125,135 EMV

1 Bath   816 Sq. Ft.
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S Mason Ave
Palos Heights, IL 60463


This is located at S Mason Ave, Palos Heights, IL 60463. 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 1 Bath , 816 sqft of living space.
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Status: Inactive
Listing ID: 58116907
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Learn about S Mason Ave in Palos Heights, IL

This property is available as a preforeclosure at S Mason Ave. It has bedrooms, 1 bathrooms, and 816 square feet of living space. Based on our analysis of the current market conditions in Palos Heights for S Mason Ave and comparable listings, the estimated market value is $125,135. If purchased for rental purposes, the monthly rental rate could range between $1,191 and $1,450. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S Mason Ave are updated daily along with others in Palos Heights, Illinois.

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Property Information

  • Bathrooms: 1
  • Living Area Size: 816
  • Year Built: 1954
  • Source ID: 21564460
  • Day(s) On Site: 285
  • Parcel Number: 24-32-205-012-0000
  • Defendant Name: MERRIELL SHEPPARD
  • Case Number: 20P3814
  • Recording Date: 06-02-2022
  • Trustee Name: NATHAN GOLDENSEN
  • Trustee Address: 69 WEST WASHINGTON SUITE 700
  • Trustee City: CHICAGO
  • Trustee State: IL
  • Trustee Zip: 60602
  • Trustee Phone: (312) 603-0800
  • Deed Category: LP
  • Document Number: 2215322034

Public Records

  • Baths: 1
  • Full Baths: 1
  • No. of Stories: 1
  • Air Conditioning: YES
  • Exterior Wall Type: FRAME
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 30,000
  • Year Built: 1954
  • APN: 24-32-205-012-0000
  • Property Type: Single Family Residence
  • Living Sqft: 816
  • Basement Finish Type: UNFINISHED


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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Rental Value

The estimated rental value for S Mason Ave located in Palos Heights, IL is $1,320/month. Comparable homes around S Mason Ave that are rentals have monthly ranges starting as low as $1,191 per month and as high as $1,450 per month. An owner looking to use this property as an investment could bring a return in the area of $1,191 - $1,450 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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S Mason Ave
Palos Heights, IL 60463

1 Bath   816 sq. ft.

$125,135 EMV

Status: Inactive Listing ID: 58116907

Property Information

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Public Records

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Property Description

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