Palatine townhouse up for auction

Rick Levin & Associates, Inc., a Chicago-based real estate auction marketing firm will conduct a real estate auction of eight new townhouses in Palatine. The auction will take place at 1 p.m. on Saturday, Dec. 15, 2007 at the Crown Plaza Chicago-O'Hare located at 5440 N. River Road in Rosemont, Illinois.

"The owner of these properties have decided to offer them via auction to eliminate the time and expense associated with a conventional marketing program. They may then pass the savings along to the bidders at the auction," said Rick Levin, president of Rick Levin & Associates, Inc. "Offering three of the units absolute, regardless of price, shows the owners high motivation to sell," he continued.

The townhouses are located at Palatine Commons in Palatine, one block south of Northwest Highway on Smith Street. They have 2,400 square feet of living space with two bedrooms and 2½ baths. Some of the features include an open loft design with two-story living, full walk-out basement, high-grade finishes, landscaping, spacious interiors, deluxe kitchens, baths, fireplace and attached two-car garage.

Previously priced up to $529,000, these units have suggested opening bids of $250,000. Three of the townhouses will be sold absolute regardless of price.

The scheduled open houses are from noon to 2 p.m. on Dec. 2 and 9; from 11 a.m. to 1 p.m. on Dec. 11; and from 4 to 6 p.m. on Dec. 12. Complete Bidder's Information Packages are available at the scheduled open houses. A cashier's check, as earnest money, in the amount of $15,000, is required to bid. For a color brochure on the auction, call Rick Levin & Associates, Inc. at (773) 252-4500 or visit www.ricklevin.com.