RIVER NORTH FORECLOSURES| 345 N LASALLE #3804
River North Foreclosures have been sporadically popping up in the Chicago River North neighborhood over the last two years.. The amount of River North Short Sales is significantly higher than the foreclosure rate fortunately. However, if the short sales that are currently for sale are not selling, we will see more River North Foreclosures on the market. The River North Condos at The Sterling building at 345 N Lasalle are flooded with distressed properties. The latest River North Foreclosure in this building is #3804
Unit #3804
-2bed/2bath
-1150 sq ft
-Updated Kitchen
-In Unit Washer/Dryer
-Combined Living/Dining Room
-Monthly Assessments: $600
-Not accepting FHA or VA loans
345 N Lasalle #3804 is currently listed for $286,000
Putting an offer on a foreclosure property is no different than putting a offer on a non foreclosure/short sale property with the exception of a bit more paperwork in the forms of addendums that each bank wants buyers to sign for their legal protection.
The turn around time to get a response from a bank on a foreclosure property is MUCH SHORTER than when dealing with short sales. I have worked on foreclosure deals where the bank committee has given us an answer on a offer in just a few days.. Usually a foreclosure property closed in anywhere from 30-60 days in comparison to short sales which can average 90-180 days.
For more information about River North Foreclosures, River North Real Estate or Distressed Properties, please feel free to contact me any time, day or night! Let my Real Estate Experience and Chicago River North Market experience work for you!
Jim Kontos
President-Broker-River North Homes Expert-River North Short Sales Expert
RE/MAX 1st Class
RE/MAX River North
Cell 630 327 9136
Office 847 674 9797
Office #2 312 643 2087
jpkontos@gmail.com
www.rivernorthhomes.com
www.mychicagoshortsalesite.com
There are several River North Realtors out there to choose from, but only a handful of these River North Realtors can get you the results I can get you!