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Preforeclosure Homes in Chicago, IL 60625

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Chicago, IL Foreclosures

Current Market Conditions in in Chicago, IL As of May 2026?
Home values: +2.14% MoM; rent: +0.00% MoM.
How much do homes sell for in Chicago, IL?
The average home price is currently $438,542.
In Chicago, IL, how many homes are available?
There are currently 42 active home listings available in Chicago.
What’s the average rental cost in Chicago, IL?
The average rental price in Chicago is $1,826.
What is the most expensive home in Chicago?
The most expensive home sold in Chicago had a price of $242,742,176.
What is currently the cheapest priced home in Chicago, IL?
The cheapest home for sale in Chicago is priced at $10,006.

Living in Chicago, IL

Chicago is a large, transit-rich investment market with diverse housing stock, strong employment anchors, major universities and hospitals, lakefront amenities, and neighborhood-by-neighborhood rental demand.

Buyer vs Seller Market in Chicago, IL

Median home value: $318,686 as of 2026-05-14.

Median rent: $1,700 as of 2026-05-14.

Home values: +2.14% MoM, +4.19% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Chicago, IL

There are currently 848,799 real estate properties in Chicago, IL, with a median automated valuation model (AVM) price of $318,686.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chicago, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Chicago, IL, is $438,542.00, with the most expensive house in Chicago, IL, topping out at $242,742,176.00 and the cheapest home in Chicago, IL, clocking in at $10,006.00. In other words, there’s something for every potential homebuyer or savvy investor in Chicago, IL!

Rent Prices In Chicago, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chicago, IL, is on a rollercoaster ride. The average rent price in Chicago, IL, is $1,826.00. Indeed, when looking to rent in Chicago, IL, you can expect to pay as little as $460.00 or as much as $5,500.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Chicago, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Chicago, IL 60625 Preforeclosure Homes


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