Foreclosure for Sale on Wayne Ave, Granite City, IL 62040

Foreclosures โ€บ Illinois โ€บ Madison โ€บ Granite City โ€บ Wayne Ave
Pre-foreclosure property at Wayne Ave, Granite City, IL 62040. 875 sq ft Madison County foreclosure listing.
Pre-foreclosure Active 77 days on market
Wayne Ave, Granite City, IL 62040
Price TBD
Madison County ยท Illinois
875
Sq ft
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Property details
Listing type Preforeclosure
Property type SingleFamily
Living area 875 sq ft
County Madison County
State Illinois
ZIP 62040
Days on Market 77 days
Listing ID 65710275
About this property

This home in Granite City, IL is in preforeclosure, which means the homeowner is in default (missed payments). Therefore, there could be an opportunity to strike a great deal with the owner and the bank.

๐Ÿ“Š Madison County Market ยท Updated daily
Active Listings
612
Avg. Est. Value
$71,574
Bank-Owned (REO)
113
Pre-Foreclosures
499

170 active foreclosure listings in Granite City, IL.

Browse all Madison County foreclosures โ†’
โ“ Frequently Asked Questions
This is a pre-foreclosure property. The homeowner is behind on mortgage payments but the property has not yet been auctioned. Buyers can negotiate directly with the owner, arrange financing, and conduct a full inspection โ€” often at a price below market value.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Madison County foreclosures for additional guidance on the purchase process.
There are currently 170 active foreclosure listings in Granite City, IL. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition โ€” most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status โ€” eviction may be required if the property is occupied.
๐ŸŒŠ Flood Zone ยท FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

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๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
โ€”
๐Ÿ“ Location Map ยท Granite City, IL Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 62040 ยท U.S. Census ACS
Population
40,716
Median Age
39.3 yrs
Households
16,883
Median Household Income
$59,542
Median Home Value
$100,400
Median Rent
$851/mo
Owner-Occupied
72% of homes
Vacancy Rate
11% of units
Unemployment Rate
7.1%

~10% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
๐Ÿซ Schools ยท NCES 2024โ€“25
Schools in ZIP 62040
๐Ÿซ Elementary
Frohardt Elem School
Grades 3โ€“4ยทGranite City ZIP 62040
๐Ÿซ Middle
Coolidge Junior High Sch
Grades 7โ€“8ยทGranite City ZIP 62040
Grigsby Intermediate School
Grades 5โ€“6ยทGranite City ZIP 62040
๐ŸŽ“ High
Granite City High School
Grades 9โ€“12ยทGranite City ZIP 62040
Lake School
Grades 5โ€“12ยทGranite City ZIP 62040

Source: NCES CCD 2024โ€“25 ยท nces.ed.gov

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๐Ÿ“ Nearby Foreclosures
Riviera Dr
Granite City, IL 62040
2 ba ยท 1,687 sqft ยท Preforeclosure
Wayne Ave
Granite City, IL 62040
1 ba ยท 1,104 sqft ยท Preforeclosure
Edison Ave
Granite City, IL 62040
1,514 sqft ยท Preforeclosure
Iowa St
Granite City, IL 62040
2 bd ยท 1 ba ยท 962 sqft ยท Preforeclosure
Washington Ave
Granite City, IL 62040
2 bd ยท 1 ba ยท 780 sqft ยท Preforeclosure
View all in ZIP 62040 โ†’
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