Redefining Perceptions
about Real Estate Auctions
Call Us Today! 312-278-0600
Norridge, IL - Redevelopment
Why Buy This Property
Location – Conveniently located near award-winning schools, grocery, retail, restaurants, public transportation, and forest preserve. For those who have always wanted to live or build in Norridge, this is it!
Magnificent lot – A corner lot measuring approximately 10,400 sq. ft. surrounded by numerous much larger new construction homes!
Never before on the market – Only one family has owned this home since it was built in 1953.
Access – Easy access to expressways and O’Hare Airport.
Description
Honey, STOP THE CAR!! Only one family has owned this home for seventy years! If you are looking for a home to rehab or raze to build a much larger home on this huge 10,400 sq. ft. site surrounded by newer construction large homes, this is your opportunity.
1,113 sq. ft. The home was built in 1953, with a family room addition thereafter.
There is also an attached 2 car garage but with no direct access to the home.
Main Level
Living Room
Kitchen
Family Room
Dining Room or Den
Full Bath
Foyer
Second Floor
3 Bedrooms
Half Bath
Basement
Laundry Room
Recreation Room
Office
Two Car Garage
Real Estate Taxes $789.24 (2021)
Property Location
Auction / Date / Time
February 23, 2023 7:00 p.m.Offering Strategy
$150,000 - MINIMUM BID AUCTION - FEBRUARY 23 - This property will be sold subject to a Minimum Bid of $150,000 and the Terms of Sale. Bidders are encouraged to ask questions in advance. The purchase of a Bidder's Information Packet and wire-transferred funds to the Title Company listed in the Purchase and Sale Contract in advance of bidding. See Bidder's Information Packet for more details.
Inspection Dates
The property is available for inspection on the following dates:
11:00 a.m. – 1:00 p.m. – January 28, February 5, 11 & 19
Registration and an acceptable form of government-issued photo identification are required by all persons attending the property inspections.
Please do not contact the Seller or enter upon the property at other times without permission. We encourage you to attend as many inspections as you like. These times are designed for you to spend time with our staff and become familiar with the property. We will explain the auction procedures, review the due diligence materials available, and provide you with time to tour the property. If you wish to bring in technical, investigative, or other types of property evaluation experts and will require special access to the property, please be advised that you will need to make an appointment in advance with Fine & Company, LLC for this type of inspection. Please call us at (312) 278-0600 ext. 101 to make these arrangements.
Auction Location
This is a live open outcry auction. The auction will be conducted onsite. The home and Auction registration will open at 6:30 PM, and the auction begins promptly at 7:00 PM
Details
Certified Funds To Bid : $15,000
Buyer's Premium (Buyer's Fee) : 8% of the bid price
ON-LINE BIDDING INFORMATION & REGISRATION
This is a live open outcry auction. The auction will be conducted onsite. The home and Auction registration will open at 6:30 PM and the auction begins promptly at 7:00 PM
Order Bidder's Information Packet
A Bidder's Information Packet is required to bid. The packet includes auction and property information, title report, survey, real estate tax bill, local information, auction purchase and sale agreement, auction deposit agreement, and terms of sale.
Bidder's Information Packets are available in PDF format for $10.00. To order your Packet, click on the link below and download the Bidder's Information Packet Order Form&
Contact Us
Fine & Company LLC
Michael A.Fine, CCIM, CAI, AARE
Illinois, United States
312-278-0600
michael@fineandcompany.com
Resources
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Other Information
Broker Participation : Buyer's Agent participation is invited!
A 2% -$300 referral fee will be paid to th REALTOR®/Broker whose registered buyer closes on this property. Please refer to the Buyer Broker registration requirements in the Terms of Sale. Seller has provided a variable commission rate.
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.