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

Foreclosures โ€บ Illinois โ€บ Madison โ€บ Granite City โ€บ Spring Ave
Bank-owned REO foreclosure property at Spring Ave, Granite City, IL 62040. 1,695 sq ft Madison County foreclosure listing.
Foreclosure (REO) Active 73 days on market
Spring Ave, Granite City, IL 62040
Price TBD
Madison County ยท Illinois
1,695
Sq ft
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Property details
Listing type Foreclosure
Property type SingleFamily
Living area 1,695 sq ft
County Madison County
State Illinois
ZIP 62040
Days on Market 73 days
Listing ID 65802436
About this property

This Granite City, IL property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

๐Ÿ“Š Madison County Market ยท Updated daily
Active Listings
615
Avg. Est. Value
$71,574
Bank-Owned (REO)
115
Pre-Foreclosures
500

170 active foreclosure listings in Granite City, IL.

Browse all Madison County foreclosures โ†’
โ“ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
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
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Iowa St
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View all in ZIP 62040 โ†’
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