$255,929 EMV

3 Beds   3 Baths   1,884 Sq. Ft.   Single-Family
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S Luella Ave
Chicago, IL 60649


This Single-Family Preforeclosure is located at S Luella Ave, Chicago, IL 60649. It has 3 Beds, 3 Baths , 1,884 sqft of living space. This property is currently in auction with an estimated market value of $255,929.
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Status: Inactive
Listing ID: 56736300

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Property Information

  • Bedrooms: 3
  • Bathrooms: 3
  • Living Area Size: 1,884
  • Lot Size: 0.14 acres
  • Year Built: 1917
  • Source ID: 53467445
  • Day(s) On Site: 325
  • Parcel Number: 20-25-210-021
  • Property Type: Single Family Dwelling
  • Plaintiff: Bank Of New York Mellon Trt Co Ttee
  • Defendant Name: KEVIN AUSTIN
  • Case Number: 21CH004681
  • Recording Date: 06-30-2022
  • Trustee Address: 15 W030 N Frontage Rd
  • Trustee City: Burr Ridge
  • Trustee State: IL
  • Trustee Zip: 60527
  • Trustee Phone: (630) 794-5300
  • Deed Category: NFS

Potential Home Value

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Public Records

  • Baths: 2.5
  • Full Baths: 2
  • Half Baths: 1
  • No. of Stories: 1
  • Air Conditioning: YES
  • Exterior Wall Type: MASONRY
  • Roof Material: ASPHALT SHINGLE
  • Land Area Sqft: 6,250
  • Year Built: 1913
  • APN: 20-25-210-021-0000
  • Property Type: Single Family Residence
  • Living Sqft: 1,884
  • Basement Finish Type: RECREATION ROOM
  • Garage: DETACHED
  • Style: RANCH


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.


Auction Information

  • Auction Date: 08-01-2022
  • Auction Time: 10:30 AM
  • Auction Address: 1 S Wacker Dr Ste 2400
  • Auction City: Chicago

    Loan Information

  • 1st Mortgage Date: 08-01-2008

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Rental Value

The estimated rental value for S Luella Ave located in Chicago, IL is $1,650/month. Comparable homes around S Luella Ave that are rentals have monthly ranges starting as low as $1,400 per month and as high as $1,900 per month. An owner looking to use this property as an investment could bring a return in the area of $1,400 - $1,900 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.

Listing History

Start Date End Date Listing Type Bank Name
02/16/22 08/01/22 Preforeclosure
06/19/19 09/13/19 Preforeclosure
08/17/18   Bankruptcy

Chicago, IL
Home Inspectors
Reliant Inspection Service Corp.
Fidel F. Gonzales
Keeshin Inspection Services
Stuart Keeshin
True Blue Home Inspections, Inc.
James Clark
Pentagon Inspections & Services, Inc
Jonathan Howard
Homes On This Street
View more homes on S Luella Ave

S Luella Ave
Chicago, IL 60649

3 Beds   3 Baths   1,884 sq. ft.   Single-Family

$255,929 EMV

Status: Inactive Listing ID: 56736300

Property Information

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Public Records

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Property Description

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