I have noticed this one bedroom foreclosure at the 160 Illinois, which is listed for $234,900 on Oct 3, 2011, since there is no pictures in the unit, I went to visit the unit and did a video tour. Since the listing is still new and within the first 15 days of the listing, only home owners are available to purchase, plus they could ask 3.5% of the listing price to use as the closing cost, which would be around $8,221. Starting from Oct 17th, investors are welcome to join the bid if the unit is not under contract yet. This unit has a balcony, the kitchen and bathroom both look very nice, only the room size is not big and there is not so much view in the unit. This unit can be rented for around $1,900 per month, so it is going to be a very good investment. I would think this unit has around 800 square feet.
Please check out the video below:
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