AUCTION ID #: 429119 Bookmark and Share
Chicago, IL 2 Units
Item 429119  
Final Bid: USD $0
Number of Bids: 0
Your Bid Status: Login to view status
Reserve: No Reserve!
Status: Closed
Auction Started: 11-13-09    08:00 PM ET
Auction Closed: 11-26-09    03:00 PM ET
Asset Details
Seller Information
   
Seller Name: econohomes
Rating: Seller Rating - 5 (43)
Location: 7155 S Union
Chicago, IL    60621
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Bid Increment: $500
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $16,900
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Item Specifics
 
Residential Properties  
  Address 7155 S Union
Chicago, IL 60621
United States

Asset Description

Econohomes, LLC

5 Star Rated Seller – Bid with Confidence!!!!

Ask about our short term Investor financing

7155 S. Union Ave, Chicago, IL 60621

Contact Cook County to verify information

Parcel Number 20 28 102 018 0000

 

 

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Here is what our Assessor had to say:

 


Exterior:
Tan vinyl siding home with brown trim. Landscaping needs to be trimmed back. Nice privacy fence has been built in the backyard. Gutters and downspouts intact. Windows are mostly boarded and appear to be mostly wood framed - some broken or missing. Small covered front porch with wooden deck and stairs. Nice, brick foundation showing no signs of shifting. Roof is in good condition and is not too worn at all. Street parking available.

Interior / First Floor:
Homes has been completely gutted and is ready for a full rehab. Fireplace in the living - there are hardwoods here that need to be refinished. Nice, huge bay windows - decorative baseboards are white. Dining area also has bay windows. Baseboards are the same here. Some of the inner wall is exposed and this will need rehab / repair. Bedroom #1 is adjacent to the dining area and needs rehab / repair to the walls as well. Both the kitchen and the bathroom will need a full rehab, however, both are nice sized. Good covered back porch - windows boarded here as well.

Second Floor:
Bedroom #1 has wood panel walls and wood floors. Decorative baseboards are painted white here as well. Living room has nice, huge bay windows as well. Baseboards are still in place - fireplace present here as well. Dining is missing a window, which will need to be replaced. Bathroom has been gutted here as well. There is a linen closet in this one unlike the one in the downstairs unit. Utility room adjacent to the kitchen has some aluminum duct work in place. Kitchen needs full rehab but is definitely a nice size. Bedroom #2 is adjacent to the kitchen and has wooden floors and a decorative baseboard.


Mechanicals:
None - but some ductwork in place upstairs. All of the rest will need rehabbed / replaced.

 

Property Specifics

 

Property Address

7155 S. Union Ave. Chicago, IL 60621

 

Square Footage

2350

 

No. of Bedrooms

2 in each unit (4 total)

 

No. of Bathrooms

1 in each unit (2 total)

 

Acreage

0.1186 (5166 Square Feet)

 

Legal Description

Lot Number: 22,23 Block: 1 Subdivision: PARMLY'S NORMAL PARK ADD

 

Tax ID No.

20 28 102 018 0000

 

Year Built

1892

 

Disclaimer

All information derived from third party sources, including but not limited to property assessments, appraisals, and title reports is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.

Settlement: A 10% non-refundable deposit is due within 48 hours, full payment is due within 10 days. A $295 deed processing fee and recording fee will be charged to the buyer. Deeds will be prepared and transferred by the seller to the Register of Deeds for recording within 180 days of receipt of good funds from buyer. Payment may be made by wire transfer, Moneygram, or certified funds.

Buyer is responsible for all liens and encumbrances.

The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

General Refund Policy

Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.





































Disclaimer

All information derived from third party sources, including but not limited to property assessments, appraisals, and title reports is deemed reliable but not guaranteed.

All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.

Settlement: A 10% non-refundable deposit is due within 48 hours, full payment is due within 10 days. A $295 deed processing fee and recording fee will be charged to the buyer. Deeds will be prepared and transferred by the seller to the Register of Deeds for recording within 180 days of receipt of good funds from buyer. Payment may be made by wire transfer, Moneygram, or certified funds.

Buyer is responsible for all liens and encumbrances.

The Seller offers the Property for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, express or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of the Property. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding the Property. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone.

General Refund Policy

Buyer acknowledges and verifies that he/she has carried out the necessary due diligence to purchase, as properties are sold "as is". As such, all sales are final, and refunds will not be granted.


Maps & Area Information

Additional Details
For more information about this asset including photos, specs and more (when available), click here.


PLEASE READ CAREFULLY- Bid4Assets Real Estate Buyer Responsibilities

Some sellers buy large "pools" of under-valued properties from banks. The seller may not inspect every property prior to sale. The seller represents these properties to the best of their knowledge. In some rare cases, property may have severe damage or be subject to county/city orders not described in the auction. It is highly recommended that interested bidders arrange for an external inspection personally or through a designate and that they contact the county or city in which the property is located to confirm the status of the property.

Bid4Assets reminds all potential real estate bidders that it is your responsibility to complete all due diligence needed to determine the condition, market value, or investment value of this asset prior to placing a bid. Necessary due diligence items may include, but are not limited to, a) a satisfactory inspection of the property b) completion of a title search c.) investigating back property taxes and D.) other - liens and encumbrances such as unpaid utility bills.

By placing a bid, you acknowledge that any statements made by the seller about the condition or market value of the property are subjective, and do not release you from your responsibility to perform due diligence. Please contact Bid4Assets if you believe that a seller is intentionally misrepresenting a property in their auction.

Settlement Requirements
  • This auction requires that the winning bidder pay a Buyer's Premium of 10.00% of the winning bid amount. (The Buyer's Premium covers the costs associated with the auction). This amount will be added to the winning bid and will be included in the total purchase price paid by the Buyer to the Seller.
  • Certified/Cashier's Check
  • Wire Transfer
  • Money Order
  •