Chicago Bank Foreclosures & Government Foreclosed Homes

Notice to Visitors
BankForeclosuresSale.com does not guarantee the availability of any property listed herein and does not promise that there are listings for every region.

Due to the 2020 Covid-19 crisis, a moratorium on foreclosure evictions was put in place by the federal government, resulting in a low supply of foreclosure listings. You might be able to find other types of properties available, such as short sales and pre-foreclosures ***

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Cities Near Chicago, IL

Additional Information

Chicago Cheap Houses for Sale: Buying for a Discount

Any search for Chicago cheap houses for sale has to begin with the foreclosure market. Distressed properties such as bank owned homes or government foreclosure homes in Chicago, IL offer the best chances to get a bargain price on a new house in neighborhoods like Bucktown, Gold Coast, Hyde Park, Lincoln Park, River North and Roscoe Village. Whether you're buying cheap homes in Chicago as an investor or just looking to save money on a new single family or multi family home. Our bank foreclosure listings in Chicago, IL are the best place to find the cheapest properties in the city, often available for a discount of anywhere from 20% to 60% of market value.

With our online listings service you'll discover where to find the most affordable repossessed properties including short sales, VA foreclosures, tax lien foreclosures and HUD homes; besides of getting advice on home buying that can help you secure the right price on all kinds of cheap houses in Chicago, IL whether residential foreclosures or commercial foreclosure properties. Buy your next property through our Chicago cheap houses for sale and get the deal of a lifetime!

Home Down Payment Calculator

The home down payment calculator provides you with a detailed list of your monthly mortgage payment options based upon the percentage you pay down.

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Total Monthly Housing Payment

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Home Prices in Chicago

1 Bedroom Homes

Listed Around:

$247K

See 1 Bd Homes

2 Bedroom Homes

Listed Around:

$275K

Check 2 Bd Houses

Properties under 100K

Home for sale for 100K or less:

$100K

Properties under 100K

Why Us?

If you are looking for affordable foreclosure listings in Chicago, IL you are in the right place.

Everyday we update our listings and triage just the best homes for sale in Chicago and across the nation so you can find in just one place, the best real estate listings to get your home.

We have hundreds of great sale listings opportunities in Cook updated every day including 2 beds homes for sale, awesome short sales deals and houses under 100K in Chicago.

Find hidden and up to date inventory that you will not find on any other website (not even in Zillow!).

We are #1 in Customer Satisfaction compared to all other real estate listing websites.

Get accurate property details of thousands of foreclosed properties nearby.

Useful infographics about Chicago, IL

Chicago Real Estate Investing with the Help of Professionals

Chicago real estate investing can be extremely rewarding, but you have to know how to go about finding the right seized properties to pursue, so you can be sure you're getting the properties with the best potential future house values. Bankforeclosuressale.com specializes in helping you find the REO properties that are right for your needs, and how to evaluate which cheap homes have the best potential for appreciation value.

Whether you're a home buyer searching for townhomes, duplex, triplex, condos or apartment foreclosure homes in Chicago, IL for your family, or you're looking to make an investment in a fixer upper, we'll teach you everything you need to know to make discounted real estate investments at home auctions and through other low cost sale venues.