Chicago Condo Directory

July 22, 2009 - If you still have Chicago real estate auction fever, pencil in August 9th on your calendar because that’s when the next Rick Levin condo auction will take place. You could even find yourself a landlord with all the potential profits and pains that come along with the title because three 3 to 4 unit condo buildings are being auctioned as well, with minimum bids between $85,000 and $600,000.

Other units being sold are a mix of condos, townhomes and single-family homes. There are several being sold absolute, meaning that the highest bid no matter what that is will take home the prize. You’ll need to get a brochure from Levin in order to know what amount of a Cashier’s Check is required in order to register to bid on each property as the amount varies. The auction itself is being held at the Oak Brook Marriott on August 9th with registration at 10AM and bidding to start at 11AM. Open houses for the properties are July 19th and 26th plus August 2nd from 11AM to 1PM with another on August 6th from 5PM to 7PM.

Some of the listings include condos on West Gunnison that were listed between $309,900 and $416,000 with minimum bids of $145,000 to $165,000. Townhomes on West 64-65th Place that had been priced at $300,000 will have opening bids of $95,000. In Beecher there will be townhomes sold with a minimum bid of $45,000 and Glen Ellyn townhomes are up for grabs with an opening bid of $195,000.

If you don’t find anything that interests you at this Chicago condo auction, remember that right now there are lots of new Condos In Chicago with price discounts.

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