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South Chicago Short Sale Homes for Sale

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  • 7930 S Luella Ave, Chicago, IL 60617
    7930 S Luella Ave, Chicago, IL 60617
    7930 S Luella Ave, Chicago, IL 60617
    /35

    $175,000

    • 5 Beds
    • 2 Baths

    7930 S Luella Ave, Chicago, IL 60617

    SHORTSALE Opportunity. Not finding what you are looking for in a multi unit? Bring your creative ideas for this diamond in the rough. Building does need work which is reflected in the list price. This Multiunit features enclosed front and back porches, tall ceilings, spacious rooms and floor plan. Great Investment Opportunity For Owner Occupant with the potential to live rent free Or Investor

    Agent Photo

    O'Neia Washington

    O W Auction Group LLC

    (773) 974-8432

    7930 S Luella Ave, Chicago, IL 60617
  • Unlisted Address
    Unlisted Address
    Unlisted Address
    /3

    $399,900

    • 8 Beds
    • 4 Baths

    Unlisted Address

    As-is Pre-Foreclosure/Short Sale Opportunity - 8143 S Colfax Ave, Chicago, IL 60617 4 Units | 2 Beds / 1 Bath Each | Full Basement | Brick Construction... Calling all investors, house hackers, and FHA 203k buyers... this all-brick 4-unit building in South Shore is your chance to create cash flow with a long-term upside. Each of the four units feature 2 bedrooms and 1 full bathroom, offering

    Stephani Jeffery Keller Williams ONEChicago

    Unlisted Address
  • 8711 S Exchange Ave, Chicago, IL 60617
    8711 S Exchange Ave, Chicago, IL 60617
    /2

    $174,900

    • 8 Beds
    • 5 Baths

    8711 S Exchange Ave, Chicago, IL 60617

    Exceptional Investment Opportunity Legal 4-Unit with Additional in-law arrangement garden unit. This high-potential property presents a rare opportunity for savvy investors. The building spans approximately 3,050 square feet and features 10 bedrooms, 5 bathrooms, and a detached 2-car garage. Currently fully occupied, the property generates $4,250 in monthly rental income, with substantial

    Rachel Ruffin Executive Realty Group LLC

    8711 S Exchange Ave, Chicago, IL 60617
Illinois Cook County Chicago South Chicago

Short Sale Homes for Sale in South Chicago, Chicago

Learn more about living in South Chicago

Home Trends in South Chicago, IL

On average, homes in South Chicago, Chicago sell after 56 days on the market compared to the national average of 52 days. The median sale price for homes in South Chicago, Chicago over the last 12 months is $167,950, up 3% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$167,950
Median Single Family Sale Price
$209,900
Median Townhouse Sale Price
$110,000
Median 2 Bedroom Sale Price
$73,500
Average Price Per Sq Ft
$124
Number of Homes for Sale
54
Last 12 months Home Sales
108
Months of Supply
6.00
Median List Price
$209,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
3%
How to Buy a Home How to Finance a Home How to Sell a Home

In South Chicago, there are currently 3 short sale homes. A short sale is a transaction wherein the lender agrees to accept less than the mortgage amount owed by the homeowner. This type of real estate can present a bargain price for buyers seeking value in the market. You'll find a selection of short sale homes in South Chicago, Chicago that offer a unique opportunity for savvy buyers.

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