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FOREST CITY, IL HOME – $10,900 | NO RESERVE! Fixer-Upper Investment Opportunity 🏡

GovDealsReal Estate📍Chicago, IL

Current bid:

$10,900

Time Left

5d 5h

Ends Nov 8, 2026

Pre-bid checklist10/8

The property

  • Title and liens: "Quitclaim Deed 💵 PROPERTY TAXES PAID…"

From the seller's description. Not a guarantee of condition.

Market demand: Real Estate in Illinois sell about 31% of the time, typically ~2 bids. Based on 313 completed sales over the last year.

No issues flagged on this property (see details)

✓ Checked: partial ownership share, timeshare, mobile home, vacant land.

Estimated market valueThe county's estimated market value, as the listing states it. Not our estimate.
$105,000

Opening bid is 10% of this value (lower than most in the US).

Across 2,058 parcels in the US that publish one, the median opening bid is 48% of the county's value, and the middle half run 20% to 97%. A low share can mean a bargain, or a property the county value no longer describes.

Before sale day

Sale date Nov 8, 2026 (in 6 days)

These checks read the county's listing, not the title records. A property with nothing flagged can still carry liens, so order a title search before you bid. Not legal advice.

Seller

TERRABIDGOLD LLC, IL

Private seller (not a government agency), listed on a platform we index for its fleet and equipment.

Condition: As-is

Full Description

🔥🏡 GREAT INVESTMENT OPPORTUNITY IN FOREST CITY, IL! 🏡🔥 📍 28 Edgewood Terrace, Forest City, IL 61532 💰 AFFORDABLE PRICE • GREAT POTENTIAL • MULTIPLE POSSIBILITIES This Forest City property is a great opportunity for investors, renovators, or anyone looking for an affordable home, vacation getaway, rental property, or Airbnb! 🚀 🏠 SOLD BY TERRABIDGOLD LLC 📜 Transfer by Quitclaim Deed 💵 PROPERTY TAXES PAID FOR 2026 & 2027 — Buyer begins paying taxes in 2028. 📈 ESTIMATED MARKET VALUE: $105,000–$230,000 🏡 Market value estimates based on information shown by Realtor and Homes. 🛠️ Utilities need to be restored 🔨 Interior repairs and cleanup are needed 📦 The previous owner left personal belongings that will need to be removed. 📍 GREAT LOCATION NEAR SEVERAL COMMUNITIES: 🚗 Manito – approx. 10–15 min 🚗 Havana – approx. 25–30 min 🚗 Mason City – approx. 25–30 min 🚗 Pekin – approx. 30–35 min 🚗 South Pekin – approx. 30–35 min 🚗 San Jose – approx. 30 min Forest City offers a peaceful small-town setting while being conveniently located within driving distance of nearby communities and everyday amenities. This property could be transformed into a great primary residence, vacation home, long-term rental, or Airbnb. 🏡💰 🔥 BUY • IMPROVE • CREATE VALUE! 🔥

Pickup information

Chicago, IL 60639-4526

TERRABIDGOLD LLC, IL

Pickup within 10 business days
Contact seller through GovDeals for pickup details. Most sellers require pickup within 10 business days of payment.

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Market data: see how government surplus prices are moving in the GovAuctions.app Surplus Price Index and how often each category sells in the GovAuctions.app Surplus Market Report.