Property Sale

1101 East Gregory Avenue
Des Plaines, Illinois 60056

NOTICE is hereby given that River Trails School District 26, “the Seller” will sell at public sale by taking sealed bids (delivered in person or by U.S. Mail) until 2:00 p.m. on July 27, 2022, at 1900 East Kensington Rd., Mount Prospect, IL 60056, Cook County, Illinois, which bids will be opened at the same address on July 27, 2022 at 2:00 p.m., the following described property for a minimum sale price of $2,500,000:

The real property, including the structure(s) thereon, located at 1101 East Gregory St., Des Plaines,
Illinois 60056, and consisting of Property Index Number (“P.I.N.”) 03-36-400-007-0000.

  1. Two percent (2%) of the bidder’s offered price is required as earnest money in cashier's check or certified check supplied with the sealed bid (payable to “Board of Education, River Trails School District 26”);
  2. The balance of the purchase price is payable in cash, cashier's check, or certified check, plus or minus the usual and customary prorations, at the time of closing;
  3. The closing shall take place in Cook County, IL within sixty (60) days from the Board of Education’s acceptance of the bid, time being of the essence;
  4. Sale to be by Quit Claim Deed;
  5. Seller will provide a title insurance policy issued by a title insurance company duly authorized to issue such title insurance in the State of Illinois.
  6. Title may be subject to easements, restrictions, and covenants of record, and taxes assessed subsequent to the date of sale, including both real estate and special assessments;
  7. The Uniform Vendor-Purchaser Risk Act shall not apply;
  8. Upon acceptance of the bid by the Seller, Purchaser’s Contract for Sale shall become a binding agreement;
  9. Closing to be conducted through escrow, the costs of which shall be paid by the Purchaser; and
  10. The Seller reserves the right to reject all bids, to determine in its sole judgment who are “qualified” bidders, and which, if any, bid it may choose to accept.

Bid documents, including the Contract for Sale may be picked up, and further information may be obtained at 1900 East Kensington Rd., Mount Prospect, IL 60056, Cook County, Illinois or by calling Asst. Supt. Lyndl Schuster at 847-297-4120.

BOARD OF EDUCATION OF RIVER TRAILS SCHOOL DISTRICT 26
COOK COUNTY, ILLINOIS