Chicago Short Sales

Chicago Short Sales

Short sales in Chicago are an alternative choice for those searching for Chicago lofts, condos, and other Chicago real estate.

The Chicago real estate market, like that of many across the country, has a fair number of short sale listings for homes, lofts or condos.  You will find a wide range of homes for sale that are short sales, with price points encompassing anywhere from $100,000 to over $1M.

What are short sales? When an owner finds themselves unable to make the payments, they can at times work out a deal with the bank where they sell the home for less than they currently owe, before it goes into foreclosure.  This is not an ideal situation for the owner or the bank, but can sometimes result in great deals for an interested buyer. A little confused about the process? Not to worry, because we can guide you every step of the way. Learn more...

Search Chicago Short Sales

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 $700,000 - $800,000 $900,000 - $1,000,000
Over $1,000,000
23 Properties Found. Page 1 of 2.
Photo of Listing #09803547

817 West Hutchinson Street, CHICAGO

$2,600,000 - 6 Beds, 5 Baths, 12,000 Sf

MLS® # 09803547

Photo of Listing #09816542

55 East Erie Street #1705, CHICAGO

$1,299,000 - 3 Beds, 3 Baths, 2,384 Sf

MLS® # 09816542

Photo of Listing #09837927

1155 North Dearborn Street #603, CHICAGO

$995,000 - 2 Beds, 3 Baths, 2,632 Sf

MLS® # 09837927

Photo of Listing #09798371

401 North Wabash Avenue #2792, CHICAGO

$749,500 - 1 Beds, 2 Baths, 1,223 Sf

MLS® # 09798371

Photo of Listing #09790341

3717 North Oakley Avenue, CHICAGO

$675,000 - 4 Beds, 2 Baths

MLS® # 09790341

Photo of Listing #09405106

652 North Oakley Boulevard, CHICAGO

$650,000 - 5 Beds

MLS® # 09405106

Photo of Listing #09913237

1459 West Sunnyside Avenue, CHICAGO

$599,900 - 3 Beds, 3 Baths, 2,142 Sf

MLS® # 09913237

Photo of Listing #09583866

1701 West Terra Cotta Place #e, CHICAGO

$515,000 - 2 Beds, 3 Baths

MLS® # 09583866

Photo of Listing #09864737

2740 North Wayne Avenue #a, CHICAGO

$440,000 - 3 Beds, 3 Baths, 2,000 Sf

MLS® # 09864737

Photo of Listing #09883615

3516 North Ashland Avenue #4n, CHICAGO

$425,000 - 2 Beds, 2 Baths, 1,400 Sf

MLS® # 09883615

Photo of Listing #09925277
New Listing

1309 North Ashland Avenue #204, CHICAGO

$420,000 - 3 Beds, 2 Baths

MLS® # 09925277

Photo of Listing #09867586

3615 North Ashland Avenue #2n, CHICAGO

$389,900 - 2 Beds, 2 Baths

MLS® # 09867586

If you could use some expert real estate advice about short sales, or some help with your search for Chicago real estate for sale, email us or give us a call at: 312-296-9300.

Short Sales in Chicago

Short sales in Chicago may be a good deal in price, but you should be aware that a short sale can often result in a multiple offer situation, so bring your best offer to the table.  You should also plan on a longer time until closing, as these take time to process. 

The largest number of short sale listings can be found under $400,000, with the $100,000 to $200,000 price range offering the widest selection.  A good number of these are downtown condos, but short sales can also be lofts or single family homes.

Find Chicago single family homes, lofts or condos for sale in this category now.

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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 @properties® 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. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Listing information last updated on April 25th, 2018 at 6:51pm CDT.

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