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Zion, IL - Homesite Development

4100 Grace Ave. - Zion, Illinois

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Why Buy This Property

Sold subject to insurable title free of any liens, to be conveyed through a Special Warranty Deed.

Description: 18 fully improved single-family homesites in the established covenanted Cypress Park subdivision. All lots in Cypress Park are zoned R16 PUD. Most lots have 90 feet of frontage and about 113 feet of depth, but some have different dimensions yielding similar lot sizes. The HOA fees are $466 per year. 

Per Tax Records, lot sizes range from 10,032±SF to 14,083±SF. 2019 taxes per lot (the last year for which full tax records are available) range from $312.64 to $434.52. 

Lot Addresses / Parcel IDs:
4100 Grace Ave / 0419404006
4102 Cypress Dr / 0419408007
4102 Grace Ave / 0419404005
4103 Grace Ave / 0419408003
4104 Cypress Dr / 0419408006
4104 Grace Ave / 0419404004
4105 Grace Ave / 0419408002
4106 Grace Ave / 0419404003
4108 Grace Ave / 0419404002
4110 Grace Ave / 0419404001
4112 Credence Dr / 0419408004
4112 Grace Ave / 0419404007
4113 Credence Ave / 0419405003
4114 Grace Ave / 0419404008
4115 Grace Ave / 0419408001
4116 Grace Ave / 0419404009
4117 Grace Ave / 0419408005
4118 Grace Ave / 0419404011

Description

This offering is a rare and final opportunity to buy these remaining 18 homesites in the successful Cypress Park. The opportunity exists for the astute investor to build or hold these homesites as an investment.

Property Location

Auction / Date / Time

September 22, 2021 11:00 A.M. CDT
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Offering Strategy

MINIMUM BID AUCTION - This property will be sold subject to the Minimum Bid of $270,000 and the Terms of Sale. This is an online auction event. Bidders are encouraged to ask questions in advance. Proof of funds is required to bid. 

Any bids placed within five minutes of the deadline will extend the deadline for an additional five minutes. The opportunity to bid will then continue until five minutes past the last bid placed. The Broker / Auctioneer is not responsible for bidding errors or the inability to bid caused by internet outages, bid platform failures or power failures. Should you have any questions or trouble bidding, please contact us at 770-980-9565

Inspection Dates

This is vacant land and is available for viewing at your convenience. Inspection of the properties is at your own risk. Seller nor the seller's agent takes responsibility for any injury which may occur while inspecting the property. Please call 312.278.0600 Extension 101 if you have any questions.

Auction Location

Online bidding closes on September 22nd at 11:00 AM CDT.

Online bidders must register to bid at www.AMCbid.com no later than 24 hours prior to the auction.

Details

Certified Funds To Bid : Proof of funds is required to bid. Immediately upon winning the bid the winning bidder will deposit 20% of the Total Purchase Price with Escrow Agent and close the transaction within 30 days.

Buyer's Premium (Buyer's Fee) : 10% of the bid price

In Cooperation With : AMC - Auction Management Corp.

Contact Us

  Fine & Company LLC
  Michael A.Fine, CCIM, CAI, AARE
  Illinois, United States
  312-278-0600
  michael@fineandcompany.com

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Other Information

Broker Participation : A broker commission of one percent (1%) of written opening bid will be paid to the properly licensed broker whose prospect purchases and closes on the real estate. To qualify for a commission, the Broker must register by mail, email, fax or hand delivery the prospect’s name and address on the Broker Registration/ Written Opening Bid form available as a download at the AMC website listing for this asset prior to bidder registration. The form must be signed by the prospect and the Broker, and must be received at the office of Auction Management Corporation no later than 24 hours prior to the published auction date. Broker must also be present with their prospect during bidding and sign the Auction Real Estate Sales Contract if their client is the winning bidder. Commissions to be paid only upon closing. A Broker cannot act as a principal and a broker on the same transaction. In the event a Prospect makes initial contact with Auctioneer, a Broker Registration will be disqualified.

Licensing : Fine & Company LLC, Licensed Illinois Broker

Terms Of Sale : This auction is being conducted subject to the Terms of Sale and Purchase and Sales Agreement contained in the Bidder's Information Packet. 

Disclaimer : The Seller, Broker, and Auctioneer and their agents assume no liability for inaccuracies, errors, or omissions in the auction marketing materials, including the Bidder's Information Packet. All square footage, dimensions, real estate taxes, and common area fees, if any, are approximate. All materials are subject to inspection and verification by all parties relying on them. This offering is subject to prior sale and may be withdrawn, modified, or cancelled without notice at any time. This is not a solicitation or offering to residents of any state where this offering is prohibited by law.

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap status, familial status or national origin or any other classes under state or local law or intention to make any such preference, limitation, or discrimination.

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