Things have begun to change for the better in the Dept. of Real Estate in City Hall.
Christie Nelson, the new Director of Real Estate has officially put several City owned residential and commercial properties up for sale to the public. The houses have for sale signs, they have been appraised and are now publicly listed for all to see. Right now there are 20 residential houses and eight commercial city owned properties on sale. Considering the very limited resources to maintain the city owned properties, this is a very promising start.
For a list of all the residential properties, click here.
For a list of all commercial buildings for sale, click here.
If you are interested in learning more about the process of buying, check out the Department of Real Estate Website here. The process of obtaining these is not an easy one however, for $5,000 – $10,000 dollars, you can essentially have your self a house with good bones, some historic character and a blank slate to make it what you want. Below are a couple of photos pulled from the residential listings found online.
This is a great step in the right direction for the Real Estate Department. Every house that is sold is one that is not demolished. The faster we can get these houses out of the hands of the City and into a private, local owner, the better. Let’s hope these opportunities go to local people who are ready, willing and able to rehab these structures and bring them back to life. You can read about a couple who are going buying a City Owned Property here. While the process has been long, the end result will be well worth it.
2 thoughts on “Officially On The Real Estate Market: City Owned Residential and Commercial Properties”
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This are some pretty cool houses. My brother does real estate in chatham illinois. Do you think he should start getting out of it?