Chicago Foreclosures & Short Sales 

Searching for foreclosures and short sales in Chicago? If so you’ve come to the right place. Both foreclosures and short sales for sale in Chicago can be a great way to save money while also finding a great deal on a new home or condo. Although each can be a significantly more complex transaction, our team of Chicago real estate experts can help you navigate the rough waters of either a short sale or foreclosure property anywhere in town. So whether you’re a real estate investor or a regular home buyer looking for an everyday place to live, start browsing some of Chicago’s hottest short sales and foreclosures featured on the MLS below.

Search short sales and foreclosures in Chicago, or learn more about short sales and foreclosures below.

View Chicago Short Sales & Foreclosures on the MLS

All Listings $200,000 - $300,000 $300,000 - $400,000
$400,000 - $500,000 $500,000 - $600,000 $600,000 - $700,000
$700,000 - $800,000 Over $1,000,000
96 Properties Found. Page 1 of 8

$3,000,000 Reduction. Accepting Offers & Showin...

REDUCED 54% Photo of Listing #09803547
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$2,600,000 Active

  • 6 Beds
  • 5 Baths
  • 0.37 Acres
  • 12,000 ft²

Residential

817 West Hutchinson Street, Chicago, IL

MLS® #09803547

$3,000,000 Reduction. Accepting Offers & Showings. Must Sell... This Exquisite, Architecturally Significant Home, Designed By George Washington Maher Was His Largest & His Last Design In The 2 Block Hutchinson Street Landmark District. The Famous Prairie School Architect, Explicitly Designe...

Incredible Opportunity To Own An East Lincoln P...

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$1,599,000 Contingent

  • 4 Beds
  • Baths
  • 0.07 Acres
  • 3,900 ft²

Residential

2018 North Orleans Street, Chicago, IL

MLS® #10379280

Incredible Opportunity To Own An East Lincoln Park Home At A Significant Discount! Steps From The Park, This Home Encompasses Vintage Charm With Modern Improvements. Spectacular Custom Finishes Throughout Include Preserved Original Pocket Doors And Millwork, Built-ins, Wall Coverings, Light Fixtu...

6 Bedroom Residential Property in Chicago, IL

REDUCED 7% Photo of Listing #10349316
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$1,295,000 Contingent

  • 6 Beds
  • Baths
  • 0.07 Acres
  • 5,000 ft²

Residential

1143 West Montana Street, Chicago, IL

MLS® #10349316

Stunning Turn-of-the-century 4000sqft Single Fa...

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$1,100,000 Active

  • 4 Beds
  • 4 Baths
  • 0.04 Acres
  • 4,000 ft²

Residential

1214 North Lasalle Street, Chicago, IL

MLS® #10560389

Stunning Turn-of-the-century 4000sqft Single Family Is Located On The Border Of Old Town & Gold Coast. There Are Four Levels Including Three Bedrooms + Office, 3 Full Bathrooms And 2 Half Baths And Full Basement. Modern Convenience And Luxury Finishes With The Historic Charm Of Chicago's Brownst...

Extra Wide Hartland Park Townhouse 4 Beds/4.5 B...

REDUCED 1% Photo of Listing #10415525
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$720,000 Contingent

  • 4 Beds
  • Baths
  • 3,362 ft²

Residential

2640 North Hermitage Avenue, Chicago, IL

MLS® #10415525

Extra Wide Hartland Park Townhouse 4 Beds/4.5 Baths Feature 13 Ft Ceilings, Bay Windows & Surround Sound. One Of The Largest Floorplans In The Neighborhood. Eat-in Kitchen Featuring 42" Custom Maple Cabinets, Granite Backsplash & Island, Beverage Fridge & Pantry. Spacious Balcony Off Kitchen Perf...

Tremendous Opportunity! Spacious, Light-filled ...

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$719,000 Active

  • 5 Beds
  • Baths
  • 0.04 Acres
  • 2,502 ft²

Residential

911 West Addison Street, Chicago, IL

MLS® #10568169

Tremendous Opportunity! Spacious, Light-filled Greystone Ideally Located In Lakeview Near The Lake, Wrigley, The Red Line, Shopping & Dining Offers A Versatile Floor Plan With Four Bedrooms On The Second Level, A Master Suite With Private Bath On The Third Level, And A Large Walkout Lower Level W...

Stunning Duplex Penthouse With An Abundance Of ...

REDUCED 36% Photo of Listing #10361544
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$700,000 Contingent

  • 3 Beds
  • Baths
  • 2,400 ft²

Residential

1301 West Madison Street #522, Chicago, IL

MLS® #10361544

Stunning Duplex Penthouse With An Abundance Of Natural Light. This Unit Features Towering Ceilings, City Skyline View, Spacious Open Floor Plan, Granite Throughout, Upgraded Wood Flooring And Is Complimented With Floor To Ceiling Windows. Ss Appliances Surrounding Granite Kitchen Island. Gleaming...

Location, Location, Location, Very Nice Single ...

REDUCED 8% Photo of Listing #10552929
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$580,000 Active

  • 5 Beds
  • 3 Baths
  • 0.07 Acres
  • 2,875 ft²

Residential

1650 North Francisco Avenue, Chicago, IL

MLS® #10552929

Location, Location, Location, Very Nice Single Family Home Steps Away From Bloomingdale Trail (606) & Humboldt Park, House Has A Total Of 5 Bedroom, 2 Kitchens, Laundry On Each Floor And 3 Baths, Finished Garden Unit For Extra Living Space, House Sits On Extra Large 1and A Half Lots, Large 3 Car ...

Incredible Opportunity To Restore A Breathtakin...

NEW Photo of Listing #10572723
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$550,000 New

  • 6 Beds
  • Baths
  • 0.31 Acres
  • 4,706 ft²

Residential

6818 South Bennett Avenue, Chicago, IL

MLS® #10572723

Incredible Opportunity To Restore A Breathtaking Jackson Park Highlands Home. Expansive In Every Way, From It's 100 Foot Wide Double Lot, To The 4500+ Square Foot, Three Story, Brick Home. The Home Is Located In The Very Center Of The Jackson Park Highlands And Is Surrounded By Large Stately Ne...

Fully Rented All Brick 3 Unit Building On Quiet...

REDUCED 5% Photo of Listing #10333815
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$549,900 Active

  • 6 Beds
  • 3 Baths

Residential

2633 West Potomac Avenue, Chicago, IL

MLS® #10333815

Fully Rented All Brick 3 Unit Building On Quiet Street. All Units Are 2 Bed, 1 Bath With South Facing Back Decks. Building Has Laundry And Storage In Basement, Large Back Yard And Detached 2 Car Garage. All Unit Have Individual Furnaces And Hot Water Heaters.

Rare Gold Coast Penthouse, Beautiful 2 Bed/2 Ba...

NEW Photo of Listing #10568543
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$549,000 Active

  • 2 Beds
  • 2 Baths
  • 1,400 ft²

Residential

50 East Bellevue Place #2702, Chicago, IL

MLS® #10568543

Rare Gold Coast Penthouse, Beautiful 2 Bed/2 Bath With Split-floor Plan And An Abundance Of Natural Light! Gorgeous Views Of The Lake As Well As Extensive City Skyline. Stainless Steel Appliances, Granite Counters, Open Dining And Living Area, Ideal For Entertaining. Spacious Master Bedroom With ...

Attention Investors/ Rehabbers! The Lower Leve...

REDUCED 5% Photo of Listing #10525055
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$524,900 Active

  • 7 Beds
  • 3 Baths
  • 0.06 Acres

Residential

1656 West Bryn Mawr Avenue, Chicago, IL

MLS® #10525055

Attention Investors/ Rehabbers! The Lower Level Has Framing, Plumbing, Electrical And Some Drywall Completed For A 2 Bed, 1 Bath Unit In The Garden. Someone Just Needs To Finish The Job!

A closer look at short sales and foreclosures in Chicago

So just what is the difference between a foreclosure and a short sale? Well, a foreclosure is the process in which the property is taken possession of because of a mortgagor’s failure to keep up with the mortgage payments. A short sale on the other hand is the sale of real estate in which the net proceeds fail to meet the debt owed by the former owner. In a short sale, all lien holders agree to accept less than the amount owed, which is precisely why finding a short sale can save active home buyers money.

Contact us for more Chicago short sale and foreclosure information

Want to learn more about how we can help you secure a short sale or foreclosure in Chicago? Reach out to us at your earliest convenience or begin browsing active MLS listings above to see just what's available right now.

Foreclosures and short sale properties can often present great deals for home buyers and real estate investors. For advice and information about buying a foreclosure in Chicago, please contact us.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Berkshire Hathaway HomeServices KoenigRubloff Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed.

Listing information last updated on November 16th, 2019 at 5:50pm CST.