Janesville City Council considering buying four properties
Post-foreclosure by the numbers
Since December 2008, the city of Janesville has purchased 36 properties as part of a larger effort to revitalize neighborhoods and prevent blight.
1: Property was rehabilitated and sold under the Buy, Rehab and Resell program.
5: Homes were rehabilitated under the Neighborhood Stabilization program, and three of those were sold.
5: Houses were rehabilitated through a shared effort with the Wisconsin Partnership for Housing Development.
21: Properties were demolished.
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At its regular meeting Monday night, the Janesville City Council will discuss the potential city purchase of this property, located at 55 S. River Street.
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At its regular meeting Monday night, the Janesville City Council will discuss the potential city purchase of this foreclosed property, located at 116 Oakland Avenue.
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At its regular meeting Monday night, the Janesville City Council will discuss the potential city purchase of this foreclosed property, located at 614 Wilson Avenue.
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At its regular meeting Monday night, the Janesville City Council will discuss the potential city purchase of this foreclosed property, located at 614 S. Locust Street.
JANESVILLE — The Janesville City Council will consider buying four properties—three residential and one commercial—at its meeting Monday.
The former Plaza Furniture store at 55 S. River St. would be purchased from Siker Trust for $290,000. If the deal is completed, the city would demolish the 20,000-square-foot, two-story building along the river and "secure the site for post-parking plaza restoration activities," according to a memo from the community development department.
The city is expected to remove the parking plaza over the river sometime in the next several years. In the interim, the Plaza Furniture site could serve as off-street parking, while the city works to redevelop the plot.
Residential properties at 614 Wilson Ave., 614 S. Locust St. and 116 Oakland Ave. are in property tax foreclosure.
Under the Rock County Tax Foreclosure Program, the city has the first chance to buy a property because of unpaid property taxes. The city is not allowed to do interior inspections of the homes, so their conditions are unknown. The homes eventually would be demolished or rehabilitated and resold.
Details about the residential properties include:
-- 116 Oakland Ave., a 1,700-square-foot, single-family home with five bedrooms and one and a half bathrooms. Assessor's records list the property in fair condition. The house was built in 1880. Delinquent taxes total $11,257, with $4,357 returned to the city for delinquent special assessments.
-- 614 Wilson Ave., a 1,274-square-foot, single-family home built in 1912. The home is a contributing structure in the Old Fourth Ward Historic District. The home has two bedrooms and one bathroom. Assessor's records list the home in average condition. Delinquent taxes total $7,784 with $1,230 returned to the city.
-- 614 S. Locust St., a single family 1,064-square-foot home built in about 1900. The home has three bedrooms and one bathroom. Assessor's records list the home in average condition. Delinquent taxes total $7,740, with $1,612 returned to the city.
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