DOWN PAYMENT:$10,000 down payment within 24 hours of auction closing and with balance in cash at closing. The down payment may be in the form of cash, cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

BUYER`S PREMIUM: A buyer's premium of 10%, with a minimum of $3500, will be added to the final bid price of the property.

APPROVAL OF BID PRICES: All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Sellers acceptance or rejection.

DEED: Seller shall provide a Warranty deed.

EVIDENCE OF TITLE: Seller shall provide title insurance in the amount of the purchase price.

CLOSING: Closing shall take place in 30 days,

POSSESSION: At closing.

REAL ESTATE TAXES: Taxes are pro-rated and final at day of closing

ACREAGE: All acreage is approximate and has been estimated based on current legal descriptions and/or aerial photos.

SURVEY: There shall be no survey

EASEMENTS: The sale of the property is subject to any and all easements of record.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials is subject to the Terms and Conditions outlined in the Purchase Agreement. Tract acreage has been estimated based on aerial photographs. The property is being sold on an AS IS, WHERE IS basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. All sketches and dimensions in this brochure are approximate. Except for any express warranties set forth in the sale documents, purchaser(s) assumes all risks thereof and acknowledges that in consideration of the other provisions contained in the sale documents, Seller and the Auction Company make no warranty or representation, express or implied or arising by operation of law, including an warranty of merchantability or fitness for a particular purpose of the property, or any part thereof, and in no event shall Seller or the Auction Company be liable for any consequential damages. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the persons credentials, fitness, etc. All decisions of the auctioneer are final.

ANNOUNCEMENTS MADE BY THE AUCTION COMPANY AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL, OR ANY OTHER ORAL STATEMENTS MADE.

Online Only Multi-Unit Real Estate Auction Bidding Begins to Close November 30th @ 7pm CDT Located at 4144 Olcott Ave East Chicago, IN. Up for bid is an outstanding investment opportunity with this three unit rental property. This property consists of a two flat duplex, single family detached home and a detached three car garage. The two flat duplex was built in 1918 with a 1169 square feet main level and 1248square feet second level both with two bedrooms and 1 bath and a full basement. The upstairs flat has its own covered staircase for an entrance. The single family home features 806 square feet of space, 2 bedrooms and 1 bath. Lastly there is a 3 car detached garage for the property. All structures are set on a .13 acre corner lot. The main floor flat was owner occupied and now vacant for a new owner. Upstairs flat was previously rented at $700 a month and the single family home has a long term tenant currently paying $600 per month. This property has the potential of $24,000 in rent a year! Don't pass up on this prime investment opportunity. Taxes 2020 Pay 2021: $1546.00 (with exemptions). Minimum Opening Bid: $87,500 Selling to highest bidder at or above opening bid! Open House: November 20th 2-4pm. Can't make it? Call for a private showing. Owner: John and Carol Grimler Terms: $10,000 non-refundable down payment to paid within 24 hours of auction closing, closing in 30 days, sold as-is, possession at closing, warranty deed, taxes prorated and final to day of closing, minimum opening bid of $87,500, and subject to a 10% buyer's premium. Buyer broker participation is welcome. Kraft Real Estate Auctions, LLC - AC31900011 Col. Conrad Kraft- AU01032667 Jonathan Kraft AU10500173 Managing Broker: Jay Mayden 219-973-9240 ~ Info@KraftAuctions.com KraftAuctions.com