Chicago Real Estate News & Neighborhood Notes

Many associate Chicago foreclosures for sale with low-end housing in neighborhoods slightly less desirable than say, the Gold Coast for example. But in a market as large as Chicago, foreclosures are listed at all kinds of price points, of which include a number of luxury properties.

Two Chicago foreclosures for sale are currently priced over $1 million: a beautiful single-family home in Lakeview and an equally impressive townhome in the heart of River North. Other great opportunities on luxury foreclosures in downtown Chicago include a 2 bedroom, 2 ½ bath at 680 N. Lake Shore Drive; a roomy 2 bedroom, 2 bathroom at 345 N. LaSalle; and a 2 bedroom, 2 bathroom condo at 222 N. Columbus with a unique layout and a ton of potential.

If you’ve never purchased a Chicago foreclosure however, it’s important to do your due diligence before even making an offer. Always do a thorough inspection of the home or condo, and always be prepared to work closely with a bank or lender, as they will be the primary seller of the home. In addition, most all foreclosures are sold “as-is,” which is why a proper and comprehensive inspection is such a key factor during these transactions.  

If you're interested in learning more about luxury Chicago foreclosures for sale, or just want to see what's currently on the market, take a closer look at the active MLS listings featured below & call us today for more information!

SEARCH LUXURY CHICAGO FORECLOSURES FOR SALE

Search Luxury Chicago Foreclosures For Sale Below:

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• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• Over $1,000,000

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$2,789,000

↓ $210,000

435 N Michigan Avenue 2004, Chicago

3 Beds 3.5 Baths 3,505 SqFt Residential MLS® # 12725595

$1,890,000

1529 W Adams Street, Chicago

4 Beds 4.5 Baths 4,950 SqFt Residential MLS® # 12740940

$1,335,000

849 N Dearborn Street, Chicago

3 Beds 2.5 Baths 2,705 SqFt Residential MLS® # 12739882

$725,000

1130 S Sacramento Boulevard, Chicago

10 Beds 0 Baths 0 SqFt Residential Income MLS® # 12734515

$669,900

↓ $10,000

544 E 46th Place, Chicago

5 Beds 3.5 Baths 3,000 SqFt Residential MLS® # 12725475

$630,000

↓ $65,000

257 E Delaware Place 1a2a, Chicago

3 Beds 3.5 Baths 2,200 SqFt Residential MLS® # 12663184

$599,000

4333 N Dayton Street 1n, Chicago

4 Beds 2 Baths 0 SqFt Residential MLS® # 12756452

$549,999

5404 S Drexel Avenue, Chicago

3 Beds 2.5 Baths 2,198 SqFt Residential MLS® # 12611217

$515,900

9130 S Throop Street, Chicago

8 Beds 0 Baths 0 SqFt Residential Income MLS® # 12689832

$474,900

151 N Long Avenue, Chicago

6 Beds 0 Baths 0 SqFt Residential Income MLS® # 12723656

$474,900

↓ $25,000

510 W Erie Street 1705, Chicago

2 Beds 2 Baths 1,225 SqFt Residential MLS® # 12684624

$468,000

4440 N Kasson Avenue, Chicago

4 Beds 2.5 Baths 0 SqFt Residential MLS® # 12706256

$429,900

↓ $35,000

1440 N Lake Shore Drive 21h, Chicago

3 Beds 2.5 Baths 1,700 SqFt Residential MLS® # 12617907

$414,999

4346 W Gladys Avenue, Chicago

5 Beds 3 Baths 2,100 SqFt Residential MLS® # 12720383

$412,000

6331 S Throop Street, Chicago

9 Beds 0 Baths 0 SqFt Residential Income MLS® # 12349610

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• Chicago Foreclosures | Luxury Chicago Real Estate (1)