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Woods of Countryside Condos to be Sold at Auction, April 25

April 15, 2010

The Woods at Countryside Condominiums

Forty condominiums in the Woods of Countryside complex in Palatine will be sold at auction April 25 at minimum bids up to 71 percent below previous asking prices.

The bank-directed sale will offer two-bedroom condominiums at a minimum bid of $69,500 and one-bedroom condominiums at a minimum bid of $64,500. The two bedroom homes were previously priced up to $240,000 and the one-bedroom homes were previously priced up to $190,000.

Very low minimum bids and possible tax credits of up to $8,000 could offer first time homebuyers and qualified investors unprecedented value. FHA financing will also be available to qualified buyers on some of the properties.

Interested private parties, real estate brokers and investors may preview the condominiums at open house showings from 11 a.m. to 1 p.m. on April 17 and 18; 2 to 6 p.m. on April 21 and 10 a.m. to noon on April 24. The Woods of Countryside complex is located at 975 Sterling Ave. in Palatine.

A brochure is available by calling the offices of the auctioneer Rick Levin & Associates Inc. at (773) 252-4500. Bidding information and property details are also available at ricklevin.com.

The April 25 auction will be open to the public for registration at 10 a.m. and bidding will begin at 11 a.m. The auction will be conducted at the Hyatt Hotel, 6350 N. River Road, Rosemont. Broker coops are being offered for this sale.

In addition to the sale of the Woods of Countryside condominiums, the April 25 auction will offer commercial and residential properties located throughout the six-county Chicago area. Properties will include single family homes, vacant residential and industrial buildings and land, and apartment buildings in the city of Chicago and suburban Chicago.

Rick Levin & Associates is also selling more than 40 commercial and residential properties in Wisconsin and Illinois at upcoming real estate auctions scheduled between now and May 5. The properties are being offered by six different banks; many properties will be sold absolute without minimum bids. Details on these properties are also available at ricklevin.com or by calling (773) 252-4500.

Daily Herald, Arlington Heights, IL, 04/09/2010

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