Rick Levin & Associates, Inc., a Chicago-based real estate auction marketing firm, announced it will conduct four multiple-property auctions of 135 residential properties including single-family homes, condominiums, townhomes and rowhomes located in Chicago, Grayslake, Libertyville, Lombard, Mt. Prospect and Schiller Park plus a homesite in Lincolnshire and a vacant parcel in Chicago. There is almost $38,000,000 of inventory that must be sold at a fraction of its previous value. The auctions are developer closeouts and lender-owned foreclosed auctions. Most properties are new construction.
“This is a chance of a lifetime for buyers to take advantage of the soft real estate market. Before prospects buy anywhere else they should checkout these real opportunities,” said Rick Levin, president of Rick Levin & Associates, Inc. “To show the owners’ great motivation to sell, some properties will be offered absolute, regardless of price,” he continued.
The scheduled auctions are:
June 23, 2009
FHA Financing is available with 3.5% down for qualified buyers for the condominiums and townhomes in the June 23rd auction. Properties in the June 23rd auction are:
— Developer Closeout of 22 Condominiums at the Residences of Fountain
Square in Lombard – Located on 22nd Street, just west of Myers, these
condos have 1, 2, & 3 bedrooms, 1 1/2 to 2 1/2 baths and up to 1,855
sq ft. Previously priced up to $427,035 these spacious condominiums have
suggested opening bids from $100,000. Five of them will be sold
absolute regardless of price. Scheduled open houses are on June 7, 14
& 21 from 11 a.m. to 1 p.m.; on June 9 from 4 to 6 p.m. and on June
16 from 11 a.m. to 1 p.m.
— Developer Closeout of 14 Townhomes at Village Station (1663 Station Park
Drive) in Grayslake – The luxurious townhomes have 2 to 3 bedrooms, 2
1/2 baths, up to 1,944 sq. ft and are located in the highly-rated
Grayslake school district. Previously priced up to $275,900, the
townhomes have suggested opening bids from $85,000. Three of them will
be sold absolute regardless of price. Open Houses are scheduled on June
7, 14 & 21 from 11 a.m. to 1 p.m.; on June 9 from 4 to 6 p.m.; on
June 17 from 11 a.m. to 1 p.m.
— Developer Closeout of 5 Townhomes at Victoria Park in Libertyville – The
Victoria Park development, located 1 mile west of Milwaukee Avenue on
Highway 137, is designed for active adults 55 or better with all
residents being over the age of 21. The maintenance-free townhomes,
available in both 1 & 2-story styles, have 2 bedrooms plus a den, 2
to 2 1/2 baths and up to 2,155 sq. ft. Previously priced up to $437,945
these townhomes have suggested opening bids from $125,000. One will be
sold absolute, regardless of price. Scheduled open houses are on June
9, 13 & 20, from 11 a.m. to 1 p.m.; and on June 17, from 4 to 6 p.m.
June 24, 2009
Properties in the June 24th auction include:
— Developer Closeout on Behalf of the Affiliates of Norwood Builders of 21
Condominiums Located at The Emerson at Village Centre in Mt. Prospect –
Located at Emerson & Busse, the luxury condominiums have 1 bedroom,
1 bedroom+Den and 2 bedrooms; 1 to 2 1/2 baths and up to 1,696 sq. ft.
Previously priced up to $499,900, these units have suggested opening
bids from $100,000. Five are to be sold absolute regardless of price.
Scheduled open houses are on June 7, 14 & 21 from 2:30 to 4:30 p.m.;
on June 10 from 11 a.m. to 1 p.m.; and on June 18 from 4 to 6 p.m.
— Developer Closeout on Behalf of the Affiliates of Norwood Builders of 3
Rowhomes Located at Founders Row in Mt. Prospect – Located at Emerson
and Central, the spacious townhomes have three to five bedrooms, 2 1/2
to 4 1/2 baths and up to 4,845 sq. ft. Previously priced up to
$904,900, these homes have suggested opening bids from $450,000.
Scheduled open houses are on June 7, 14 & 21 from 2:30 to 4:30 p.m.;
on June 10 from 11 a.m. to 1 p.m.; and on June 18 from 4 to 6 p.m.
— Four Lender-Owned Foreclosed Condominiums Located at 9355 W. Irving Park
in Schiller Park – The units have 2 bedrooms and 2 baths. Age
restrictions may apply for residents. Previously priced up to $225,000,
the condominiums have suggested opening bids from $95,000. One is to be
sold absolute, regardless of price. Scheduled open houses are on June
6, 13 and 20 from 2:30 p.m. to 4:30 p.m.; and on June 16 from 4 to 6
p.m.
— Lender-Owned Foreclosed Vacant Homesite in Lincolnshire – Located at 2
Charlestowne (Lot #3), the approximate 44,098 sq. ft. parcel was
previously priced to $599,000 and has a suggested opening bid of
$182,750.
— Lender-Owned Foreclosed Vacant Commercial Parcel in Chicago – Located at
3037-39 N. Cicero, the approximate 123 by 50 sq ft. lot was previously
priced up to $500,000 and has a suggested opening bid of $275,000.
June 25, 2009
The June 25th auction, conducted on behalf of the affiliates of MCL Companies, includes 13 single-family homes and 6 condominiums located at Metro Place in Chicago. Metro Place is a new neighborhood on the Chicago scene located at S. Campbell & Roosevelt Road and is minutes from Downtown, Lake Michigan, museums, parks, cafes, shopping and restaurants.
The single-family homes have 4 bedrooms and 3 1/2 baths, red oak flooring in entry, living room/dining and gourmet kitchen with granite countertops, designer carpeting in bedrooms and family room, master suite, gas fireplace, security system, 2-car detached garage and much, much more! Previously priced up to $579,900, the homes have suggested opening bids from $225,000. Three are to be sold absolute, regardless of price.
The condominiums have 2 bedrooms, 2 baths, 9-ft ceilings, gourmet kitchen, luxurious baths, gas fireplace, security system and one outdoor parking space is included with each unit. Previously priced up to $259,900, the units have suggested opening bids from $125,000. Two are to be sold absolute, regardless of price.
Scheduled open houses for the Metro Place properties are on June 6, 11, 13 & 20 from 11 a.m. to 1 p.m.; and on June 10 & 22, from 4 to 6 p.m.
June 27, 2009
The June 27th auction, conducted on behalf of the affiliates of Red Seal Homes, includes 6 single-family homes, 17 townhomes and 23 condominiums located at The Enclave at Galewood Crossings in Chicago. The Enclave at Galewood Crossing, located at Grand and Laramie, is a luxury, gated community set among parks, winding sidewalks and greenery, steps from schools, restaurants, shopping at Bricktown and Brickyard Malls and recreational activities in Riis Park. The properties are FHA approved for qualified buyers.
The homes have 3 to 6 bedrooms, 2 1/2 to 3 1/2 bath, over 3,000 SF, family room, gourmet kitchen with stainless steel appliances, master suite and 2-car detached garage. Previously priced over $600,000, the spacious homes have suggested opening bids from $185,000. Two are to be sold absolute, regardless of price.
For the townhomes, purchasers can choose from the revolutionary new 27′ wide design or the traditional 20′ wide design. The townhomes have 3 and 4 bedrooms, 2 1/2 to 3 1/2 baths, up to 2,340 SF and each has a two-car garage. Previously priced up to $399,000, the townhomes have suggested opening bids from $135,000. Four are to be sold absolute, regardless of price.
The condominiums have 2 to 4 bedrooms, 2 to 3 baths, open kitchen, spacious living/dining area, master suite, private storage in basement and private garage parking. Previously priced up to $359,900, the units have suggested opening bids from: $85,000. Six of the units are to be sold absolute, regardless of price.
Two-flats are also available.
Scheduled open houses for the properties located at the Enclave at Galewood Crossings are on June 6, 13 & 20 from 2 to 4 p.m.; on June 11 & 26, from 4 to 6 p.m.; and on June 18, from 11 a.m. to 1 p.m.
A cashier’s check, as earnest money, is required to bid at all of the auctions. All are subject to the Terms of Sale. Complete Bidder’s Information Packages are available at the scheduled open houses. For a color brochure on the auctions, call Rick Levin & Associates, Inc. at (773) 252-4500 or visit their Website at www.ricklevin.com. Rick Levin & Associates, Inc. can also be followed on Facebook and Twitter.
Rick Levin & Associates, Inc., 1467 N. Elston, Chicago, Illinois 60642 773-252-4500
Web site: http://www.ricklevin.com/
