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 $800,000 - $900,000
35 Properties Found. Page 1 of 3

Opportunity To Own This Turn-of-the-century Sin...

REDUCED 11% Photo of Listing #10907337
prevnext 1 of 19 images

$800,000 Temporarily No Showings

  • 4 Beds
  • 5 Baths
  • 0.04 Acres
  • 3,400 ft²

Residential

1214 North La Salle Drive, Chicago, IL

MLS® #10907337

Opportunity To Own This Turn-of-the-century Single Family Is Located On The Border Of Old Town & Gold Coast. With Approximately 800-1100sqft Per Floor, Enjoy Living In This Four Level Home, Including Three Bedrooms + Office, 3 Full Bathrooms And 2 Half Baths And Full Basement + Huge Upper Level F...

Beautiful, Well-maintained Brick 2-flat In Edge...

prevnext 1 of 27 images

$660,000 Contingent

 

Residential Income

1473 West Gregory Street, Chicago, IL

MLS® #11018406

Beautiful, Well-maintained Brick 2-flat In Edgewater/andersonville. 1st & 2nd Floor Units Has 3 Bedrooms, 1 Bath. Full Finished Basement With 2 Bedrooms, 1 Bath. Great Rental Opportunity!!! Top Floor Is Updated With Hardwood Floors And Granite Counter Top! Perfect Location Convenient To All Sho...

6 Bedroom Residential Property in Chicago, IL

REDUCED 5% Photo of Listing #11063227
prevnext 1 of 42 images

$599,000 Contingent

  • 6 Beds
  • 4 Baths
  • 3,450 ft²

Residential

2010 West Hopkins Place, Chicago, IL

MLS® #11063227

Sold As Is Awesome Three Apartment Income Build...

prevnext 1 of 28 images

$499,999 Contingent

 

Residential Income

1442 North Kedzie Avenue, Chicago, IL

MLS® #11005338

Sold As Is Awesome Three Apartment Income Building On The Avenue In Humboldt Park Across From The Park With An Amazing View! Thee Units. Two Units Vacant And Top Unit Is Owner-occupied. All Units Have Hardwood Floors And Updates. Top Floor Unit Has Three Bedrooms, Tray Ceilings, Huge Bathroom And...

Short Sale -well Maintained Extra Large 2 Flat ...

REDUCED 3% Photo of Listing #10497428
prevnext 1 of 10 images

$495,000 Temporarily No Showings

  • 0.07 Acres

Residential Income

5334 West Argyle Street, Chicago, IL

MLS® #10497428

Short Sale -well Maintained Extra Large 2 Flat In Hot Jeff Park! Parking For 5 Cars . Potential To Finish The Basement In To A Garden Unit...and On A Double Lot ! Close To Public Transportation And I 90/94 . As Is. Cash / Conventional / 203k / Rehab Loan Only ! No Fha!

Legal Two Flat In Prime Roscoe Village Location...

REDUCED 3% Photo of Listing #11092662
prevnext 1 of 32 images

$475,000 Contingent

 

Residential Income

3111 North Oakley Avenue, Chicago, IL

MLS® #11092662

Legal Two Flat In Prime Roscoe Village Location! First Floor Unit With 2 Bedrooms, 2 Baths, Duplexed Down To Semi-finished Basement, Front Porch, Large Kitchen, Hardwood Floors, Replacement Windows And More. Second Floor Unit Is Bright And Sunny, Has 1 Bedroom Plus Office/den, Large Living Room...

Lender Asked To List For Short Sale Process. No...

REDUCED 6% Photo of Listing #11055905
prevnext 1 of 3 images

$469,000 Active

 

Residential Income

5038 North Harding Avenue, Chicago, IL

MLS® #11055905

Lender Asked To List For Short Sale Process. Not Approved Yet. Cook County Shows Property Is 3 Units Each Is 3-bedrooms 1 Bath With Garden 2 Bedrooms 1 Bath. Hardwood Floors Finished Basement. 2-car Garage. Close To Public Transportation, School, Park, And Shops. Any Lender's Commisison Cut W...

West Ridge/roger's Park Brick 2-flat With Finis...

prevnext 1 of 29 images

$450,000 Contingent

 

Residential Income

2217 West Touhy Avenue, Chicago, IL

MLS® #10965274

West Ridge/roger's Park Brick 2-flat With Finished Basement, Back Yard, Hardwood Floors 2 1/2 Car Garage. Pursuant To Short Sale. Sold "as-is".

Check Out Our Interactive 3d Tour! Luxury Execu...

REDUCED 4% Photo of Listing #10953256
prevnext 1 of 14 images

$385,000 Contingent

  • 2 Beds
  • 2 Baths
  • 1,300 ft²

Residential

2 East Erie Street 1205, Chicago, IL

MLS® #10953256

Check Out Our Interactive 3d Tour! Luxury Executive Condo Located In The Heart Of Downtown At The Center Of Everything- Streeterville, River North, & Near North Side Plus Only Minutes To Navy Pier & The Riverwalk. Building Offers Private Fitness Center, Doorman, And Outdoor Space Including Sun De...

Excellent All Brick Large 3 Unit With Full Fini...

prevnext 1 of 9 images

$379,900 Active

 

Residential Income

7737 South Colfax Street, Chicago, IL

MLS® #11156706

Excellent All Brick Large 3 Unit With Full Finished Basement Property In South Shore. All Units 3 Bedrooms And 1.5 Baths, And Up-dated, Including Individual Hvac. Unbelievable Cash Cow. A Rare Breed* Newly Updated Hardwood Floors, Updated Kitchen And Bath

Property Is Sold As-is! Currently Pursuant ...

prevnext 1 of 4 images

$355,000 Active

  • 0.09 Acres

Residential Income

4549 South Wabash Avenue, Chicago, IL

MLS® #10843036

Property Is Sold As-is! Currently Pursuant To A Short Sale

Rare Oriole Park Home With Huge Corner Lot! Ha...

prevnext 1 of 1 images

$309,900 Contingent

  • 3 Beds
  • 3 Baths
  • 0.22 Acres
  • 1,973 ft²

Residential

5605 North Canfield Avenue, Chicago, IL

MLS® #11104407

Rare Oriole Park Home With Huge Corner Lot! Hardwood Floors In Most Of Main Level. First Floor Has Master Bedroom And Also Has A Full Bath. Galley Kitchen. Open Living Room And Dining Room. 2nd Floor Includes 2 Bedrooms And Full Bath. Basement (needs Repair And Updating). Plenty Of Storage. ...

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 July 31st, 2021 at 1:32pm CDT.