Home for Sale at 2626 N 78th Avenue, Elmwood Park, IL 60707

2626 N 78th Avenue
Elmwood Park, IL 60707

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Property Details

List Price:	$3,200
Beds:	3
Baths:	3
Status:	Active
SqFt:	2200
Agency:	Compass

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Description/Comments

Lot Size:	--
Property Type:	Rental
Year Built:	1931
Notes:	Situated in some of the most charming suburban streets topped with excellent walkability and easy access to public transportation, this home combines the best of settings. This historic bungalow, recently restored to meet 2024 standards, offers three full bathrooms across each level and various bedroom layouts to suit different needs. The renovation takes full advantage of the home's side lot and its placement on a curved street, ensuring natural light floods every room. An elegant entrance leads to a separate living room and a welcoming dining room. The updated kitchen opens into a sunroom facing west and south, optimizing light and space for entertaining right off the kitchen. Upstairs, two bedrooms and a bathroom have been transformed into an open, loft-style space, now offering a spacious suite with plenty of closet storage. The basement is a standout feature, offering a large family room, an oversized laundry area, and an additional full bathroom, making it a versatile space for guests or family. Outside, enjoy beautifully maintained front and back yards, along with a side yard perfect for gardening or outdoor gatherings. Parking is easy on the street and a garage space is included. This exciting location has immediate access to Elmwood Park's Conti Circle, known for its bars, pubs, restaurants, and shops. It's a nine-minute walk to the Elmwood Park train station, a true walkers' paradise. Minutes from fabulous amenities, including the Elmwood Park Community and Rec center, offering golf simulators, bocce courts, and various programs from basketball to yoga, taekwondo, dog training, ceramics, and an aquatic center. This is a wonderful home, a great way to live.
MlsNumber:	11986768

Listing Provided By:	Compass, original listing
Name:	Compass
Office Name:	Compass
Office Phone:	(312) 319-1168
Agent Name:	Santiago Valdez
Disclaimer:	Copyright Â© 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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