Prospective buyers looking to complete an acquisition by year end, for tax, exchange or other purposes, have a variety of investment opportunities at an auction being held by Auctions by ATG on Thursday, December 11. Included in the offerings are multi-family, residential, commercial and industrial buildings in Chicago, Bolingbrook, Geneva and other Chicago metro area locations. Highlights include: • One of the most opportunistic properties is a multi-family residential building located at 1836 West Marquette Road, Chicago, IL. The building contains 12 one bedroom units, which provides great investment potential with steady income streams. The building is currently vacant, but secure, and needs to be renovated and repositioned. Zoned as a commercial, multi-unit building, it is located on an almost 7,000-square-foot lot. The property is being sold subject to a minimum bid amount, $25,000.
• A beautiful, single-family home located in the scenic Eagle Ridge Community of Galena. Located at 8 Crossing Court in Galena, the 5-bedroom, 4-bathroom home is ideal for year-round living or as a vacation rental. The home has a spacious layout and includes a master suite with a whirlpool tub. The home also features a scenic screened-in porch. The property is being sold fully furnished. The sale is subject to meeting an unpublished reserve price. The suggested opening bid is $189,000.
• Commercial properties with excellent investment potential, including a retail zoned building at 108 Brook Court in southwest suburban Bolingbrook. The 3,520-square-foot building sits on a 30,448-square-foot lot. The automotive retail property is in an ideal, high-traffic location. The property includes 4 large bay garage doors and 4 automotive lifts. The current business is operating as an auto service facility. The property lot provides ample parking.
The auction includes the lot and building. Vehicle lifts are sold separately. The business can also be added to the sale. The sale is subject to meeting an unpublished reserve price. The suggested opening bid is $399,000.
• An industrial building at 1220 East 75th Street in Chicago. The industrial building totals approximately 30,000 square feet (approximately 20,000 square feet of two-story warehouse with additional 10,000 square feet of under-roof garage facility) with 18.5 foot clear ceiling heights. The property sits on a 52,843-square-foot lot. The property, which has a pending buyer, was listed as being sold subject to meeting an unpublished reserve price, with a suggested opening bid of $450,000. The December 11 auction also will include five other properties located throughout the Chicago metropolitan area.
Complete terms and conditions of participating in the auction—registration, requirements, inspections, etc.—can be found in the auction catalogue and online at www.atgbidder.com. For more information, interested parties may call (312) 752-1160 or (312) 752-1241.
