$65,142 EMV

Townhome
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S Racine Ave
Chicago, IL 60643

Overview

This Townhome Foreclosure is located at S Racine Ave, Chicago, IL 60643. This property is currently bank owned with an estimated market value of $65,142.
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Status: Inactive
Listing ID: 57291530

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Property Information

  • Source ID: 8931003
  • Day(s) On Site: 214
  • Subdivision: FREDERICK H BARTLETTS GREATER CALUMET SUBDIVISION
  • Parcel Number: 25-20-400-060
  • Property Type: Townhouse
  • Owner Name: WHEELER FINANCIAL INC
  • Recording Date: 12-29-2021
  • Owner Mailing Address: 120 N LA SALLE ST STE 2850
  • Document Number: 0036315021
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Potential Home Value

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Current Value
Potential Value
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Foreclosure

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 through a local real estate agent or auction house. The longer lenders own properties, however, 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 Racine Ave located in Chicago, IL is $1,398/month. Comparable homes around S Racine Ave that are rentals have monthly ranges starting as low as $1,151 per month and as high as $1,550 per month. An owner looking to use this property as an investment could bring a return in the area of $1,151 - $1,550 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.


Chicago, IL
Home Inspectors
Reliant Inspection Service Corp.
Fidel F. Gonzales
630-935-7170
Keeshin Inspection Services
Stuart Keeshin
773-871-2356
True Blue Home Inspections, Inc.
James Clark
3129250166
Pentagon Inspections & Services, Inc
Jonathan Howard
3127249000
Homes On This Street
View more homes on S Racine Ave
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S Racine Ave
Chicago, IL 60643

Townhome

$65,142 EMV

Status: Inactive Listing ID: 57291530

Property Information

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Public Records

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Property Description

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Listing URL

https://static.foreclosure.com/listing/index.html?&listingid=57291530

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