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- Will Redd

Bank-owned, directed properties to go on auction block on Nov. 15

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11/10/2011

Rick Levin & Associates, Inc., a Chicago-based real estate auction marketing firm, announced it will conduct a bank-owned/bank-directed multiple-property auction of vacant land, industrial, commercial and residential properties in St. Charles, Aurora, South Chicago Heights, Cary, Gilberts, South Elgin, West Dundee, Libertyville, Wonder Lake and Woodstock, Illinois.

The auction will take place at 7 p.m. on Tuesday, Nov. 15, at the Chicago Marriott Suites O’Hare located at 6155 N. River Road in Rosemont.

All properties are being sold subject to low minimum bids. Properties in the auction include:

• 10.5 acres of vacant land — 510 Tyler Street in St. Charles, IL — Previously valued to $2,500,000 — Minimum Bid: $700,000

• 4,700 SF Commercial condominium — 896 Frontenac Road in Aurora, IL- Previously valued to $650,000 — Minimum Bid: $235,000

• 67,500 industrial / office building — 2701 Jackson Street in South Chicago Heights IL — Previously valued to $1,060,000 — Minimum Bid: $250,000

• 50,000 SF Industrial Building — 150 Chicago in Cary, IL — Previously valued to $1,925,000 — Minimum Bid: $750,000

• 24,000 SF Industrial Building — 155 Chicago in Cary, IL — Previously valued to $710,000 — Minimum Bid: $350,000

• 1 acre of Vacant land — 171 E. Higgins Road in Gilberts, IL — Previously valued to $125,000 — Minimum Bid: $25,000

• 39,000 SF Industrial Building on 18 acres — 75 Koppie Drive in Gilberts, IL — Previously valued to $3,900,000 — Minimum Bid: $1,100,000

• 19,700 SF Industrial Building — 7N536 Woodcliff Drive in South Elgin, IL — Previously valued to $630,000 — Minimum Bid: $300,000

• 13 Residential Lots to be sold in bulk on Karen Drive in Miller Ridge Subdivision (Huntley & Sleepy Hollow Roads) in West Dundee, IL — Previously valued to $440,000 — Minimum Bid: $200,000

• 10,340 SF Homesite, Lot 6, 246 Cater Lane in Libertyville, IL — Previously valued to $205,000 — Minimum Bid: $70,000

• 1,340 SF Single Family Home converted to Commercial /Office space — 7504 Hancock Drive in Wonder Lake, IL — Previously valued to $88,300 — Minimum Bid: $25,000

• 2 BR / 2BA Single-Family Home — 588 Washington Street in Woodstock, IL — Previously valued to $115,000 — Minimum Bid: $25,000

• 2-story, 4,882 SF Commercial Property (former restaurant) on 5,906 SF site — 110 S. Main Street, Wauconda, IL — Previously valued to $830,000 — Minimum Bid: $350,000

• 8,888 SF Commercial Property on 50,865 Site — 1414 E. Oakton Street, Des Plaines, IL  Previously valued up to $1,475,000 — Minimum Bid: $300,000

For a color brochure on the auction, call Rick Levin & Associates, Inc. at (312) 440-2000 or visit the website at ricklevin.com for more auction and property details, including scheduled viewing dates.

DAILY HERALD

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