Advanced search

Chicago IL 60628–Mixed commercial residential:3 stores & 4 appartments

Seller Name: princetoncommercial
Rating:   (10)
Location: 11906-11908 S. Michigan Avenue
Chicago, IL 60628
United States
Bookmark and Share
Asset Information

Item Specifics - Other Properties
Other Properties
Address 11906-11908 S. Michigan Avenue
Chicago, IL 60628
United States
County Cook County
Parcel Number 25-27-100-025-0000
Lot Size 6000
Living Space 4644.0
Property Type Mixed commercial residential
Related Due Diligence
Buyer Premium Information

This auction requires that the winning bidder pay a Buyer's Premium of 8.00% 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.

Payment Type
  • Third-Party Settlement Agent: RDS Group
Private Settlement Agent Terms

Escrow and deed preparation and recording to be handled by Standard Title Agency & RDS Group, LLC, who will be emailing buyer within 24 hours of auction's close. Buyer to pay a closing fee of $500 plus recording fees and transfer taxes. Buyer has 4 business days from auction's close to fully fund escrow for balance due or else may be declared in default.

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 satisfactory inspection of the property
  • Completion of a title search
  • Investigating back property taxes and
  • 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.

Loading...
Loading...
Loading...