AUCTION ID #: 429508 Bookmark and Share
NO RESERVE! 3 Bedroom 2 Bath Condominium in Chicago Zillow Value $136K
Item 429508  
Winning Bid: USD $1,500
Number of Bids: 1
Winner: mytree19
Reserve: No Reserve!
Status: Sold
Auction Started: 11-19-09    05:11 PM ET
Auction Closed: 11-24-09    05:11 PM ET
Asset Details
Seller Information
Seller Name: Pro Am Companies
Rating: Not yet rated
Location: 1430 E 69th Street
Unit 2S
Chicago, IL    60637
View Seller's other items
 
 
Bid Increment: $1,000
Shipping Cost: SEE DESCRIPTION BELOW
Minimum Bid: $1,500
Auction Type: Regular Auction
Source: Private Auction
Deposit Required: $0
Overtime Period: 5 min
Buyer's Premium: 10.0%
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Asset was Sold
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Item Specifics
 
Residential Properties  
  Address 1430 E 69th Street
Unit 2S
Chicago, IL 60637
United States
  County Cook
  Number Of Bedrooms 3.00
  Number Of Bathrooms 2.00
  Living Space 1,400.0
  Year Built 1924
  HOA Fee $500.00 monthly
  Annual Taxes $1775.00
  Amenities Water/Garbage Included In Assessment
  Property Condition Needs Some Repairs
  Water City Included With Assessment
  Sewer City Included With Assessment
  Appliances None
  Parking Street
  Occupancy Vacant

Asset Description
 
Start or Build Your Real Estate Empire With This Excellent 3 Bedroom 2 Bath Condo in Chicago, Illinois!
Please Do Your Due Diligence on this property. Any claims made in this ad are our opinions based on visual inspections. We are not building inspectors and make no guarantees or warranties as to the condition of the property
 
Address 1430 E 69th Street, #2S, Chicago, IL 60637

We reserve the right to end this auction early as this property is advertised elsewhere.

Serious Investors are Welcome to Bid
This home is being Sold, AS-IS, Where-IS, and with all Faults.
CASH SALE ONLY, You Must have the funds available or do not BID, We will require a Non-Refundable $2,000 down payment ( Credit/Debit Card, E-Check, Bank Wire or Certified Check) on this home within 24 hours of auction.
A Purchase agreement will be sent to Buyer within 24 hours and the Buyer will need to sign, date, initial and send back.  
Full Amount of the Home will be Due within 7 days of Auction, sent by Bank wire or Cashiers Check. (Non-Negotiable)
Seller will provide Quit Claim Deed that will transfer this said Property From the Seller to the Buyer! Buyer will get a copy of the Deed within two weeks. The original deed will Be sent for recording, and Buyer will expect the original deed from recorder's office in 4-6 Weeks.
Please add 1,500 Dollars plus 10% buyer premium to Final Bid to cover Our Processing Fees. This will include All fees such as Preparing the deed, recording, etc.

Property is being Sold As-Is and will need some minor repairs/renovations. Buyer responsible for any unpaid taxes, assessments and liens. Price has been set accordingly at less than 5% of market value. Please do your due dilligence.There are no warranties or guarantees implied or otherwise included with this property.
 
This property is an excellent investment. Rental value is over $1,000 per month leaving plenty of room for positive cash flow. Or fix it up and sell it for an enormous profit. Market value is $136,500 in the present market! It was valued at over $250,000 in the last 2 years!
 
At the end of the auction you will need to provide your name, name to be on title, address so we can put that information on the purchase contract and deed. You must provide this information with your non refundable $2,000 deposit within 24 hours after the auctions end. We accept wire transfers and certified funds. Failure to follow these procedures will result in being reported to Bid4Assets as a non performing bidder.

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
  •