NOTICE OF SALE OF SURPLUS REAL ESTATE
Sealed bids for the sale of certain real properties commonly known as 3103 Gideon Avenue, 3116 Gideon Avenue and 1915 Hebron Avenue, City of Zion, Illinois, will be received by the City of Zion at the City Clerk’s Office until 10:00 A.M., Monday, November 12, 2018.
Sealed bids shall be plainly marked on the envelope with the bidder’s name and address and with the words “BID FOR SALE OF 3103 GIDEON AVENUE, OR 3116 GIDEON AVENUE, OR 1915 HEBRON AVENUE, CITY OF ZION, TO BE OPENED NOVEMBER 12, 2018. “ Bids are to be submitted to the City Clerk, Zion City Hall, 2828 Sheridan Road, Zion IL 60099.
The legal description for these parcels:
3103 Gideon Avenue, 40 feet wide by 170 feet deep, Permanent Index Number (PIN) 04-28-120-002, LOT 2 IN BLOCK 28 IN ZION CITY SUBDIVISION IN SECTION 28, TOWNSHIP 46 NORTH, RANGE 12, EAST OF THE THIRD PRINCIPAL MERIDIAN IN LAKE COUNTY, ILLINOIS.
3116 Gideon Avenue, 40 feet wide by 148 feet deep, Permanent Index Number (PIN) 04-28-119-019, LOT 19 IN BLOCK 27 IN ZION CITY SUBDIVISION IN SECTION 28, TOWNSHIP 46 NORTH, RANGE 12 EAST OF THE THIRD PRINCIPAL MERIDIAN, IN LAKE COUNTY ILLINOIS.
1915 Hebron Avenue, 42 feet wide by 141 deep, Permanent Index Number (PIN) 04-17-426-008, LOT 8 IN BLOCK 98 IN ZION CITY SUBDIVSION, SECTION 17, TOWNSHIP 46 NORTH, RANGE 12, EAST OF THE THIRD PRINCIPAL MERIDIAN, IN LAKE COUNTY, ILLINOIS.
DEED RESTRICTION: The conveyance of the properties set forth herein, shall be subject to the following Deed Restriction: SINGLE FAMILY OWNER OCCUPIED RESIDENCE COVENANT. This property shall be solely used and occupied as vacant property or a single family owner occupied residence for a period of twenty (20) years from the date of this deed.
In the event that the Grantee, or any successors in interest, use or occupy the property in violation of this Covenant, the property shall automatically revert back to the Grantor, City of Zion, an Illinois municipal corporation. It is acknowledged and agreed that the Grantor may obtain specific performance of the foregoing Covenant or seek to enforce the reversion of the property to the Grantor in the event that the property is not used as vacant property or a single family owner occupied residence for a period of twenty (20) years from the date of this deed. The Grantee or any successor in interest shall pay all of the Grantor’s attorney’s fees and costs in enforcing this Covenant.
Minimum bid required for each property is $750.00.
Each person, by submitting a bid, signifies their intentions and good faith to enter into a contract with the City of Zion, Illinois, should they be awarded the bid and shall take title to the subject property(ies) by way of Quit Claim Deed in the property(ies) current “AS-IS” condition. The City of Zion makes no warranty or representation of the subject property(ies) current condition.
DATED this 1st day of November, 2018.