Single-Family
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S Cottage Grove Ave
Chicago, IL 60637

*Rental Value Coming Soon

Overview

This Single-Family is located at S Cottage Grove Ave, Chicago, IL 60637. 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.
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Status: Inactive
Listing ID: 31374351
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Learn about S Cottage Grove Ave in Chicago, IL

This single-family property is available as a preforeclosure at S Cottage Grove Ave. Based on our analysis of the current market conditions in Chicago for S Cottage Grove Ave and comparable listings, the estimated market value is still being calculated. If purchased for rental purposes, this property might present an opportunity to make monthly rental income. The rental value will be updated on this listing soon. Factors considered in this calculation include the property location, condition, status, and convenience. Properties like this one located at S Cottage Grove Ave are updated daily along with others in Chicago, Illinois.


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Property Information

  • Source ID: 9101973
  • Estimated Value: $120,296
  • Day(s) On Site: 4221
  • Parcel Number: 20 22 223 027 0000
  • Property Type: Single Family Dwelling
  • Defendant Name: SPIRO KOUVELIS
  • Case Number: 09 CH 33172
  • Trustee Name: PIERCE AND ASSOCIATES
  • Trustee Address: 1 NORTH DEARBORN STREET
  • Trustee City: CHICAGO
  • Trustee State: IL
  • Trustee Zip: 60602
  • Trustee Phone: (312) 346-9088
  • Trustee Reference Number: 31-15438
  • Deed Category: NFS
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Preforeclosure

The property located at S Cottage Grove Ave in Chicago, IL is listed as a Preforeclosure

The process of preforelcosure with properties like S Cottage Grove Ave in Chicago, 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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Auction Information

  • Auction Date: 12-06-2011
  • Auction Time: 10:30 AM
  • Auction Address: ONE SOUTH WACKER DRIVE 24TH FLOOR

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S Cottage Grove Ave
Chicago, IL 60637

Single-Family

 

Status: Inactive Listing ID: 31374351

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Listing URL

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