In the month of October there were over 6000 new foreclosures in Chicagoland Illinois, according to the Illinois Foreclosures Listing Service, ilFLS.com. Not surprising were the number of single family homes and condominiums in foreclosure, as they represent the most active and largest segment of the real estate market. However, every month an increasing number of commercial foreclosures are showing up on the ilFLS.com website.
Commercial properties in foreclosure range from multi-unit apartment buildings in Chicago to whole subdivisions in foreclosure in the collar counties.
Examples of October Commercial Foreclosures:
Commercial Building in Financial District of Downtown Chicago
401 S. Lasalle
Chicago, IL 60605
$6.3 million Due
Preforeclosure
Vacant Land / Development in Kane County
80 Acres on Randall Rand
Algonquin, IL 60102
$8.5 million Due
Preforeclosure
Restaurant Buildings in West Town Chicago
820 N. Ashland
Chicago, IL 60622
$3.9 million Due
Preforeclosure
To search through the newest Illinois commercial foreclosures, auctions and REOs visit ilFLS.com.
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