Foreclosure for Sale on Lee Ave, Olney, IL 62450

Foreclosures โ€บ Illinois โ€บ Richland โ€บ Olney โ€บ Lee Ave
Bank-owned REO foreclosure property at Lee Ave, Olney, IL 62450. 3 bed 1 bath 995 sq ft Richland County foreclosure listing.
Foreclosure (REO) Active 25 days on market
Lee Ave, Olney, IL 62450
Est. Value
$59,500
Richland County ยท Illinois
3
Bedrooms
1
Bathrooms
995
Sq ft
1965
Year built
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Property details
Listing type Foreclosure
Property type SingleFamily
Bedrooms 3
Bathrooms 1
Living area 995 sq ft
Year built 1965
County Richland County
State Illinois
ZIP 62450
Days on Market 25 days
Listing ID 66042687
About this property

This Olney, 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 Richland County Market ยท Updated daily
Active Listings
12
Avg. Est. Value
$59,870
Bank-Owned (REO)
5
Pre-Foreclosures
7

7 active foreclosure listings in Olney, IL.

Browse all Richland 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 Richland County foreclosures for additional guidance on the purchase process.
There are currently 7 active foreclosure listings in Olney, 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

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๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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๐Ÿ“ Location Map ยท Olney, IL Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 62450 ยท U.S. Census ACS
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๐Ÿซ Schools ยท NCES 2024โ€“25
Schools in ZIP 62450
๐Ÿซ Middle
Richland County Middle School
Grades 6โ€“8ยทOlney ZIP 62450
๐ŸŽ“ High
ASSIST RSSP 12
Grades 6โ€“12ยทOlney ZIP 62450
ASSIST TAOEP 12
Grades 6โ€“12ยทOlney ZIP 62450

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

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