Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Schaumburg, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Schaumburg, IL and much more. Save thousands at closing with home foreclosure listings in Schaumburg, IL — up to 75% off market value!
Schaumburg is a village in Cook County and DuPage County in northeastern Illinois, United States. It is a northwestern suburb of Chicago and part of the Golden Corridor. Schaumburg is roughly 28 miles (45 km) northwest of the Chicago Loop and 10 miles (16 km) northwest of O'Hare International Airport. As of the 2010 census, the village had a total population of 74,227. In 2018, the Village of Schaumburg was ranked the Best Place to Live in Illinois by MONEY Magazine. In 2017, Money ranked Schaumburg the 9th best place to live in the United States.
Schaumburg has one of Illinois's two IKEA stores. It contains the Woodfield Mall, the 11th largest mall in the United States, which at most times has over 300 stores. Schaumburg's transition from a rural community to a suburban city began with Alfred Campanelli's first large-scale suburban-style development in 1959 and Woodfield Mall's opening on September 9, 1971.
Schaumburg is bordered by Hoffman Estates and Palatine to the north, Rolling Meadows to the northeast, Elk Grove Village to the southeast, Roselle to the south, Hanover Park to the southwest, and Streamwood to the west.
The village of Schaumburg was incorporated on March 7, 1956, but the heritage of Schaumburg dates back to much earlier times when the first inhabitants of the area were members of the Sauk, Fox, Potawatomi, and Kickapoo Native American tribes.
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