When browsing the local Chicago real estate market for great deals, it’s not uncommon for home buyers to seek out active short sales currently listed to find the best prices. And contrary to popular belief, it’s certainly not uncommon to find stunning luxury properties listed as short sales, which can ultimately make for a smart and savvy real estate investment for high-end home buyers looking for more than just a place to call home.
Some statistics have shown that homeowners with mortgages of more than $1 million have defaulted almost twice the country’s national rate over the past couple years, and if you’re in buying mode and in the position to afford an upscale luxury property here in Chicago, a short sale may be the route to take if finding a great home at a reduced price seems like the right move for your current situation. As of today, 25 properties over the $500,000 mark are currently listed as short sales, which range from stylish high-rise condos to expansive single-family homes situated on the city’s north side.
So to start your search for a luxury short sale in Chicago, take a closer look at the active MLS listings below and as always, give us a call at (312) 280-9600 to schedule a private showing for an available short sale you’d like to see in person!
Search Luxury Short Sales For Sale in Chicago Below: