Auction Opportunity: Partially Rented Duplex in Fairview Heights, IL – Mine Subsidence Claim & Long-Term Tenant
Don’t miss your chance to bid on this two-unit brick duplex located in Fairview Heights, Illinois. This property is available through an online auction closing June 26, 2025, at 6:30 p.m. The starting bid is $50,000, with the property selling to the highest bidder under “AS-IS, WHERE-IS” terms.
Property Details:
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Upper Unit: 2 bedrooms, 2 bathrooms, spacious living room, dining area, and full kitchen. Currently rented at $695/month to a long-term tenant of 29 years who wishes to remain.
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Lower Unit: 2 bedrooms, 2 bathrooms, combined kitchen and dining area, family room with wood-burning fireplace. Currently vacant but previously rented for $825/month.
Additional Features:
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Two-car garage
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Separate utility accounts (tenants pay electricity and gas; owner covers water and trash)
Important Condition – Mine Subsidence:
This property has an open insurance claim related to mine subsidence. Partial payments have been issued, with potential additional funds available after ground stabilization. No guarantees apply. Ameren has installed flexible utility lines to accommodate possible future ground shifts. The property tax assessment has been adjusted due to subsidence risks. Full disclosure of this claim is required by Illinois law during the sale.
Auction Terms:
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Sold strictly AS-IS with no repairs from the seller
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Buyers must sign an Auction Purchase & Sale Agreement immediately after winning the bid
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Financing options are typically cash or conventional; verify details with the auctioneer
Ideal Buyer:
This duplex is perfect for investors or landlords seeking rental income from an established long-term tenant and the opportunity to renovate or update. Due to the subsidence claim, buyers should conduct thorough inspections and consult experts for risk assessment.
Key Dates:
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Open House: Sunday, June 22, 12–2 p.m.
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Auction Ends: June 26, 2025, at 6:30 p.m. (CST)
Explore this unique investment opportunity and prepare to bid with confidence. For more information, review the auction documents or contact the listing agent directly.
From Zillow
