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 $700,000 - $800,000 $800,000 - $900,000
Over $1,000,000
42 Properties Found. Page 1 of 4

Short Sale Unit On 6th Floor. Sold As-is; Requi...

prevnext 1 of 2 images

$1,600,000 Contingent

  • 4 Beds
  • 7 Baths
  • 5,400 ft²

Residential

545 West Aldine Avenue 6e, Chicago, IL

MLS® #11181948

Short Sale Unit On 6th Floor. Sold As-is; Requires Extensive Renovations. Four Bedrooms, Four Full And Three Half Bathrooms. Outdoor Space On Rooftop Terrace. Hardwood Floors Throughout. No Garage Parking With Unit.

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

REDUCED 11% Photo of Listing #10907337
prevnext 1 of 16 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...

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® #11212930

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...

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...

prevnext 1 of 3 images

$459,000 Contingent

 

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.

Stop The Car!! Yes The Lot Here Is A True Doubl...

REDUCED 4% Photo of Listing #10648095
prevnext 1 of 12 images

$430,000 Active

  • 5 Beds
  • 3 Baths
  • 0.18 Acres
  • 2,320 ft²

Residential

5735 North Mango Avenue, Chicago, IL

MLS® #10648095

Stop The Car!! Yes The Lot Here Is A True Double Lot 63 Frontage And 123 Depth. This Property Is For You To Tear Down, Develope Or A Total/complete Rehab. Property Being Sold As Is And The Buyer Is Responsible For The Removal Of Everything In The Property And Garage. This Is An Estate. Value Is ...

Spectacular Home In Canaryville. Beautiful Desi...

REDUCED 3% Photo of Listing #11240468
prevnext 1 of 33 images

$407,500 Price Change

  • 3 Beds
  • 3 Baths
  • 1,512 ft²

Residential

635 West 48th Street, Chicago, IL

MLS® #11240468

Spectacular Home In Canaryville. Beautiful Design With Spacious Rooms , Gleaming Hw Floors Thru-out. Kitchen Offers Granite Countertops, Ss Appliances, 42" Maple Cabinetry, Plus A Deck Off Of The Kitchen. Main Bath Has Jacuzzi & Marble Tile. Large Bedrooms With Plenty Of Closets. Basement Is...

Ok We Can All See This Building Is A Mess, So L...

prevnext 1 of 16 images

$400,000 New

 

Residential Income

2146 North Hamlin Avenue, Chicago, IL

MLS® #11245793

Ok We Can All See This Building Is A Mess, So Let's Weigh The Pros And Cons. First, The Cons, Which I Think Can Be Summed Up With This: Both Units Smell Like Something Fierce And They Are Begging To Be Rehabbed, And That Costs A Lot Of Money. I Don't Know How Old The Roof Is, But It Looks Okay. A...

What Happened Here, You Ask? Let Me Tell Ya. A ...

prevnext 1 of 17 images

$400,000 New

  • 0.07 Acres

Residential Income

2640 North Springfield Avenue, Chicago, IL

MLS® #11245835

What Happened Here, You Ask? Let Me Tell Ya. A Big Ol' Mess. One Unit Is Currently Tenant-occupied And They're Current On Their Rent At $1200/month, So That's Good. But The Rest.. Well. Here's What I Know: Second Floor Unit Has Been Demo'ed As You Can See From The Photos. There Is A 3rd Floor "un...

Short Sale! Excellent Opportunity For An Experi...

prevnext 1 of 1 images

$359,000 Active

  • 3 Beds
  • 2 Baths
  • 1,700 ft²

Residential

5302 North Winthrop Avenue 4, Chicago, IL

MLS® #11216726

Short Sale! Excellent Opportunity For An Experienced Buyer. 1700 Square Ft Unit On The Top Floor In Beautiful Edgewater! This Unit Features Three Bedroom Including Primary Bedroom With Ensuite Bath And Customized Walk In Closet ,laundry, Hardwood Floors Through Out, Newer Windows, Kitchen With ...

**st. Charles Schools** This Is Your Opportuni...

prevnext 1 of 19 images

$350,000 Contingent

  • 5 Beds
  • 5 Baths
  • 0.24 Acres
  • 2,576 ft²

Residential

2405 Lindsay Court, West Chicago, IL

MLS® #11242543

**st. Charles Schools** This Is Your Opportunity To To Move Into The Highly Coveted Cornerstone Lakes On The Best Lot In The Neighborhood. Situated On A Quite Cul-du-sak & Backing To The Neighborhood Pond. 9 Foot Ceilings Throughout This 5 Bedroom Home, 4.1 Bath Home. Family Room Has Stone Fi...

Amazing Opportunity! Great Potential In This 2 ...

prevnext 1 of 27 images

$309,900 Active

  • 4 Beds
  • 3 Baths
  • 0.08 Acres
  • 1,450 ft²

Residential

4601 North Kasson Avenue, Chicago, IL

MLS® #11233090

Amazing Opportunity! Great Potential In This 2 Story Corner Property! Ideally Located In The Mayfair Park Area. Huge Potential With Full Finished Attic And Full Finished Basement. Just Minutes From I-90/94, Cta Montrose Train Station. Selling In As-is Condition. Seller Does Not Provide Survey. A ...

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 October 24th, 2021 at 1:22am CDT.