Area real estate auctions give bidders rare opportunity

Rick Levin & Associates will soon conduct four auctions of 135 area residential properties, including single-family homes, condominiums, townhouses and rowhomes in Chicago, Grayslake, Libertyville, Lombard, Mount Prospect and Schiller Park.

Levin, a Chicago-based real estate auction marketing firm, will also offer a homesite in Lincolnshire and a vacant parcel in Chicago.

The auctions are developer closeouts and lender-owned foreclosed auctions. Most properties are new construction.

"This is a chance of a lifetime for buyers to take advantage of the soft real estate market. Before prospects buy anywhere else they should checkout these real estate opportunities," said Rick Levin, president of the company. "To show the owners' great motivation to sell, some properties will be offered absolute, regardless of price."

Bidder's information packages are available at the open houses, which begin Saturday, June 6. For a color brochure on the auctions, call Rick Levin & Associates Inc. at (773) 252-4500 or visit ricklevin.com.

June 23

•Lombard: Developer close- out of 22 condominiums at Residences of Fountain Square on 22nd Street, just west of Myers Road. Condos have one to three bedrooms, and up to 1,855 square feet. Open houses: 11 a.m. to 1 p.m. Sundays, June 7, 14 and 21; 4 to 6 p.m. Monday, June 9; and 11 a.m. to 1 p.m. June 16.

• Grayslake: Developer closeout of 14 townhouses at Village Station, 6 Thomas Court. These townhouses have two to three bedrooms and up to 1,944 square feet. Open houses: 11 a.m. to 1 p.m. Sundays, June 7, 14 and 21; 4 to 6 p.m. Monday, June 9; and 11 a.m. to 1 p.m. June 17.

• Libertyville: Developer closeout of five townhouses at Victoria Park, one mile west of Milwaukee Avenue on Highway 137. Designed for active adults 55 or older with all residents being over the age of 21. Available in one- and two-story styles, with two bedrooms plus a den and up to 2,155 square feet. Open houses: 11 a.m. to 1 p.m. June 9, 13 and 20; and 4 to 6 p.m. June 17.

June 24

• Mount Prospect: Developer closeout of 21 condominiums at The Emerson at Village Centre, at Emerson Street and Busse Avenue. Includes one bedroom plus den and two bedrooms and up to 1,696 square feet. Open houses: 2:30 to 4:30 p.m. Sundays, June 7, 14 and 21; 11 a.m. to 1 p.m. Wednesday, June 10; and 4 to 6 p.m. June 18.

• Mount Prospect: Developer closeout of three rowhomes located at Founders Row, at Emerson Street and Central Avenue. Townhouses have three to five bedrooms and up to 4,845 square feet. Opening bids from $450,000. Open houses: 2:30 to 4:30 p.m. Sundays, June 7, 14 and 21; 11 a.m. to 1 p.m. Wednesday, June 10; and 4 to 6 p.m. June 18.

• Schiller Park: Four lender-owned foreclosed condos at 9355 W. Irving Park Road. Age restrictions may apply. Opening bids from $95,000. Open houses are 2:30 to 4:30 p.m. Saturdays, June 6, 13 and 20; and 4 to 6 p.m. June 16.

• Lincolnshire: Lender-owned foreclosed vacant homesite, 2 Charlestowne Court. Suggested opening bid of $182,750.

• Chicago: Lender-owned foreclosed vacant commercial parcel, 3037-39 N. Cicero Ave. Suggested opening bid of $275,000.

June 25

• Chicago: 13 single-family homes and six condominiums located at Metro Place, South Campbell Avenue and Roosevelt Road. Opening bids on single-family homes from $225,000 and for condos from $125,000. Open houses: 11 a.m. to 1 p.m. June 6, 11, 13 and 20; and 4 to 6 p.m. June 10, 22.

June 27

• Chicago: Six single-family homes, 17 townhouses and 23 condominiums at The Enclave at Galewood Crossings, a gated community. Opening bids from $185,000 for single-family homes, $135,000 for townhouses and $85,000 for condos. Open houses: 2 to 4 p.m. Saturdays, June 6, 13 and 20; 4 to 6 p.m. June 11 and 26; and 11 a.m. to 1 p.m. June 18.