Auction: Partially
“Auction: Partially Rented Duplex in Fairview Heights – Mine Subsidence Claim & Long-Term Tenant”
Property Description (in English):
Seize the opportunity to bid on this two-unit brick duplex in Fairview Heights, IL, offered via online-only auction—with bidding closing June 26, 2025, at 6:30 p.m.. The starting bid is displayed as the listing price, and the property will sell to the highest bidder under “AS-IS, WHERE-IS” terms auction.com+10adamsauctions.com+10exitrealty.com+10.
🎯 Property Overview:
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Upper Unit: 2 bedrooms, 2 bathrooms, spacious living room, dining area, and full kitchen. Rented monthly at $695, tenant has resided here for 29 years and prefers to stay under new ownership estately.com+8adamsauctions.com+8hibid.com+8.
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Lower Unit: 2 bedrooms, 2 bathrooms, combined kitchen/dining space, family room with a wood-burning fireplace. Currently vacant, previously rented for $825/month adamsauctions.com+1hibid.com+1.
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Shared Features: Two-car garage and separate utility costs—tenant(s) cover electricity and gas; owner handles water and trash services estately.com+6hibid.com+6adamsauctions.com+6.
⚠️ Important Condition: Mine Subsidence
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An open insurance claim exists due to mine subsidence; a partial payment has been issued, with potential additional funds reserved for the buyer once ground movement stabilizes. No guarantees are provided reddit.com+9adamsauctions.com+9vyllahome.com+9.
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Ameren has installed a flexible utility line to accommodate potential future ground movement .
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The property has been reported to St. Clair County for reduced property tax assessment due to subsidence risk coldwellbanker.com+11adamsauctions.com+11dolanrealtors.com+11.
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Illinois requires full disclosure for mine subsidence claims upon transfer of property vyllahome.com+7imsif.com+7reddit.com+7.
📝 Auction Terms & Conditions:
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Sold AS-IS – no repairs by seller under any inspection outcomes auction.com+7dolanrealtors.com+7compass.com+7.
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Price: Starting bid is $50,000; see listing for final terms vyllahome.com+6dolanrealtors.com+6compass.com+6.
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Buyer Obligations: Must sign an Auction Purchase & Sale Agreement immediately upon acceptance of final bid.
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Financing: Likely cash or conventional only; confirm with auctioneer.
✅ Ideal Buyer:
Investors, house hackers, and landlords seeking a duplex with instant rental income, long-term tenant stability, and scope to renovate or update. Be aware the subsidence claim introduces both potential upside and structural risk—expert evaluation and risk assessment are essential.
📅 Timeline:
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Open House: Sunday, June 22, 12–2 p.m. dolanrealtors.com+6spitzmillerrealty.com+6compass.com+6estately.comadamsauctions.com.
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Auction Ends: Online bidding closes June 26, 2025 at 6:30 p.m. (CST) dolanrealtors.com+5coldwellbanker.com+5spitzmillerrealty.com+5.
Final Thoughts:
This duplex presents a rare chance to acquire rental-ready units with long-term tenancy and upside potential—at a competitive starting bid. That said, the mine subsidence claim is a critical factor requiring comprehensive due diligence. Review disclosure documents thoroughly, consult with structural and legal experts, and weigh prospective insurance payouts before bidding.
Curious for more details? Check the auction documents via Adams Auction & Real Estate Group or reach out to the listing agent to get fully equipped for auction day.
From Zillow
