It is a great home, on a great block in River Forest. I anticipate that the BPO, Broker Price Opinion, would indicate that the value of the property would be a lot higher than what is currently owed. That said, if it goes up for auction or sale, it should be listed a a very good price, but command a much higher price from interested buyers.
The most recent closing on this block in 2006 was for 1.04 Mil.
Best of luck and please let me know if you have any further questions or are looking for a home in the area.