Investment Property in Peoria, IL

Online Only Auction

J.A. COTTEN

930 S WESTERN AVE

PEORIA, IL 61605

Date(s) 3/28/2024 - 4/10/2024

ON LINE ONLY timed auction. 3/28/24 1 PM to 4/10/24 1PM Central Time

Past Auction

Online-Only Auction

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Catalog

View Catalog (1 Lots)

Bidding Notice:

THIS PROPERTY HAS FIRE DAMAGE AND HAS BEEN DEEMED UNINHABITABLE BY CITY OF PEORIA, IL CODE ENFOCEMENT. THERE IS A PENDING DEMOLITION CASE WITH THE SELLER. A REPAIR LIST GIVEN TO THE SELLER BY CITY AGENTS WILL BE PROVIDED VIA EMAIL TO REGISTERED BIDDERS AS A FORM OF OWNER/SELLER/AGENT DISCLOSURE.

Auction Notice:

All Bidders must provide a name, address, phone number and email address to register. A State/Gov't issued photo ID will be requested to complete the bidding registration process. After the close of the sale, winning bidder will receive a phone call, with transaction attorney contact information. Bidders registered successfully will be entering into a binding transaction. If you don't plan to ... Show More

Auction Information

Name	Investment Property in Peoria, IL
Auctioneer	J.A. COTTEN
Type	Online-Only Auction
Date(s)	3/28/2024 - 4/10/2024
Auction Date/Time Info	ON LINE ONLY timed auction. 3/28/24 1 PM to 4/10/24 1PM Central Time
Preview Date/Time	Saturday April 6,2024 from 9 to 11 AM CT for registered bidders by appointment. Entry into the dwelling is at your own risk. Seller and escort personnel are not liable for accidents or loss. Sale contract is not contingent upon property inspection after the auction ends.
Location	930 S WESTERN AVE PEORIA, IL 61605
Description	TAX ID # 18-17-105-003. 2022 TAXES $350.70. APPROXIMATELY 1,030 SQ FT LIVEABLE 1 STORY 2 BEDROOM 1 BATH FULL UNFINISHED BASEMENT WITH OPEN UNFINISHED UPPER LEVEL. FIRE DAMAGE TO THE REAR SECTION OF THE DWELLING KITCHEN AND BACK PORCH AREA DUE TO GARAGE FIRE. ZONE CN- NEIGHBORHOOD COMMERCIAL - TIF DISTRICT PLAN WESTERN AVENUE REVITALIZATION. DWELLING IS CURRENTLY DEEMED UNINHABITABLE BY CITY OF PEORIA ,IL CODE ENFORCEMENT. SHORT LEGAL; CURTENIUS & GRISWOLD SUB NW 1/4 SEC 17-8-8E COMG 120' N OF SW COR BLK 7: TH N 50' E 125' S 50' W 125' 'TO POB PT BLK 7.

Terms and Conditions

A 10% earnest money deposit with a minimum of $1,000 will be required on this property purchase. The balance will be due in cash or guaranteed funds at closing within 45 days of acceptance. Title will be conveyed by deed subject to all restrictions, reservations, easements of record, zoning laws, but free of encumbrance except for 2023 taxes and subsequent to be assumed by buyer. Seller will furnish title insurance in the amount of the purchase price. The successful bidder will enter into a contract after the auction closes with seller via attorney for seller. This sale is subject to the confirmation of the seller. The seller reserves the right to withdraw this property at any time during the Auction. The sales contract is NOT contingent upon the buyer being able to obtain financing. This property is being sold in an " AS IS" condition and with all faults known and unknown and no future expenditures by seller. Any announcements during the auction will take precedence over prior advertising or printed matter.

Bid Increments

Your bid must adhere to the bid increment schedule.

Bid Amount	Bid Increment
0.00 - 950.00	50.00 USD
950.01 - 4,900.00	100.00 USD
4,900.01 - 9,750.00	250.00 USD
9,750.01 - 19,500.00	500.00 USD
19,500.01 - 9,999,999.99	1,000.00 USD

Payment Information

Currency	USD
Payment Terms	10% OF FINAL BID PRICE WITH $1000.00 MINIMUM EARNEST MONEY DEPOSIT REQUIRED. BALANCE DUE IN CASH OR GURANTEED FUNDS AT CLOSING.

Shipping / Pick Up

Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.