REAL ESTATE: 631 Chase Street, Hillsboro IL 62049
2 Bed, 1 Bath, Attached Garage, Basement
REAL ESTATE AUCTION
ONLINE BIDDING!

The following real estate Located at 631 Chase Street, Hillsboro IL 62049 will be sold ONLINE ONLY.

Charming 2-bedroom home on a corner lot in Hillsboro! This well-kept property features a recently updated kitchen with modern cabinets, backsplash, and stainless appliances, a spacious living room with great natural light, and two comfortable bedrooms. Enjoy additional space in the cozy sunroom and the full basement—perfect for storage or future finishing. Outside, the home offers an attached garage, a fenced patio area, and a convenient corner-lot setting near town amenities. Move-in ready with great potential to make it your own!

ON LINE AUCTION - PRICE LISTED IS STARTING BID PRICE
Bid at BENLADAGE.COM and to see complete auction terms
MLS: CA1040521

ONLINE AUCTION DATE: Thursday December 11th 2025 - 6:00pm cst
Bidding will be held online at BENLADAGE.COM
Property to be sold with Sellers Approval

OPEN HOUSE DATE: Tuesday November 25th 3:30pm - 5:30pm

Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511
Or with your Real Estate Agent

POTENTIAL! Come and look!!
Property is being sold "as is", in its present condition with no warranties either expressed or implied.

Parcel ID: # 16-12-110-014
Legal Description: W PT LOT 14 PT W 1/2 NW 100 FT X 67 FT LOTS IN HILLSBORO 8-4-1199 S12 T08 R4
Terms: $2000 down payable within 24 hours of the auction with the balance due at closing within 30 days.

2024 Taxes: $1372.12

TERMS:
Financial arrangements must be made prior to bidding at the auction and a bank letter of credit or proof of funds will required to bid.
Buyer will be required to sign into a written contract at close of auction.
Property is being sold "as is", in its present condition with no warranties either expressed or implied.'
Property is sold at the Owners approval and reserves the right to accept or reject any or all bids.
*A 5% Buyer Premium will apply to the high bid
A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction.
Please have all financial arrangements & inspections made prior to bidding.
Real Estate Taxes pro-rated up to time of closing.
Title work and closing to take place at Spears Title Company Hillsboro Illinois
3% Realtors Co-Op on Property

Auctioneer & Seller will ask for lead base paint, Mold, Radon inspection wavier.

Please Read Terms & Conditions prior to bidding. Contact Ben Ladage Auctions with any questions.

Want to bid but don't know how? No Problem, contact Ben Ladage Auctions at 217-652-0924 for bidding assistance. We can show you how to bid online or accept phone bids as well!

Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.

The auction is a soft close auction which means that it starts to close at the time stated, however if someone has placed a bid in the last 3 minutes, then this item will stay open for 3 more minutes. This will continue until time is out.

Seller: Dan Mehochko

Ben Ladage, Broker
Office Phone - 217-652-0924
Managing Broker: The Real Estate Group

Go to www.benladage.com for pictures!

Property can also be viewed by private showing by contacting 217-652-0924 or 217-697-7511
Property Sold As-Is not subject to inspection
Property to be sold with Sellers Approval
A 5% Buyer Premium will apply to the high bid.
Contact Ben Ladage Auctions 217-652-0924 or email [email protected] with any questions
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How Does the Real Estate Auction Work?
Participating in a real estate auction is similar to a traditional real estate transaction, but with a few key differences. Here's how the process works:
1. Auction Ending Date and Final Price Determination
o The auction will conclude on December 11th, at which point the highest bid will determine the final price.
o The seller reserves the right to accept or decline the final bid, even after the auction ends.
2. Contract Signing
o Once the final price is accepted, we will execute a standard real estate purchase contract.
o The property will be sold "as-is", and an "as-is" addendum will be included in the contract, meaning the buyer accepts the property in its current condition without requiring repairs or modifications by the seller.
3. Financing Options
o Buyers may finance the purchase through a mortgage lender or complete the transaction using cash.
o If financing is involved, buyers should ensure they are pre-approved by their lender prior to the auction to avoid delays or complications.
4. Closing Period
o A standard closing period of approximately 30 days will allow time for the title company, lender, and other necessary parties to finalize the transaction.
5. Additional Considerations
o Inspection Period: Buyers are encouraged to inspect the property prior to the auction date. The property is sold "as-is," so all due diligence must be completed in advance.
o Earnest Money Deposit: $2,000 earnest money deposit within 24 hours of the auction's conclusion.
o Auction Terms and Conditions: Bidders should carefully review the terms and conditions of the auction before participating to ensure a full understanding of the process and their responsibilities.
6. Questions or Concerns
o If you have any questions about the property, auction process, or transaction details, feel free to reach out to Ben Ladage, a licensed real estate broker and auctioneer.
o Already working with a Realtor? Great! We welcome broker participation and are happy to work with both you and your agent throughout the auction and closing process. We're committed to making the transaction smooth for all parties involved.