at the Daley Center, Lower Level Room 06, 50 W. It is imperative that interested homebuyers should speak with their real estate agent and thoroughly inspect the property and surroundings prior to signing any contracts to verify current status and condition of the property.Īll information is provided as is without warranty, guarantee, or contract intended or implied in any manner, shape or form. A: The sheriff sales are held Monday through Friday excluding holidays at 1 p.m. The information provided may or may not accurately and fully reflect the current status of the properties. The properties listed have not been inspected by IHDA. IHDA is not responsible for any printed materials or other information obtained through the Listing Broker or from any other source. Properties listed here are subject to change in price or eligibility at any time and without notice. Questions relating to properties listed here should be directed to the approved Listing Broker associated with the property. Pursuant to the City of Chicagos Protecting Tenants in Foreclosed Rental Property Ordinance, if you are a qualified tenant you may be eligible for relocation. Most homes for sale in Chicago stay on the market for 71 days and receive 2 offers. Some of these homes are 'Hot Homes,' meaning they're likely to sell quickly. To learn more please refer to IHDA Loan Programs on this website or call 877.456.2656 to speak with the Homeownership Originations department. There are currently 172 foreclosures for sale in Chicago at a median listing price of 339K. Any needed repairs and restoration will be the responsibility of the homebuyer.įinancing may be available through IHDA’s Homeownership Mortgage Products that offer affordable interest rates and down payment assistance for borrowers of low to moderate income. IHDA has not independently verified this information and does not guarantee its accuracy. The property descriptions and other information have been based on Broker Price Opinions. For more information, please visit the Department of Housing's Keep Chicago Renting Ordinance page. Our URB easy no credit check financing continues to give just about anyone the opportunity to purchase a home or investment property. As of July 2021, the Protecting Tenants in Foreclosed Rental Property Ordinance (PTFRPO) has been renamed the Keep Chicago Renting Ordinance (KCRO) and administrative responsibilities have been transferred to the Department of Housing. Properties with 5 or more units are considered commercial properties. You can generally use the same financing options as for a single-family home. 2 flats and 3 flats fall into this category. Buildings with 2 to 4 units are considered residential properties. The properties listed below are owned by the Illinois Housing Development Authority (“IHDA”) and are available for purchase. Connect with a URB Sales Specialist at (847) 673-7575 No Credit Check Financing Available For Foreclosed Homes For Sale. Chicago has two types of multi-family properties: residential and commercial. Homes For Sale – IHDA Real Estate Owned Disclaimer
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