Chicago, IL HUD Homes for Sale
Chicago, officially the City of Chicago, is the county seat of Cook County in the state of Illinois. The city is one of the most populous cities in the country, it is located on the shores of Lake Michigan. It is an international hub for finance, commerce, industry, technology, telecommunications, and transportation. Over 55 million domestic and international visitors every year makes the city one of the most popular tourist destinations in the country. The city is known for its higher education and research.
For a city like Chicago, with its 2,699,347 residents, HUD homes are an increasingly viable option for those trying to move into a new home but may be feeling squeezed out of the current housing market. HUD homes are owned by the US Department of Housing and Urban Development and present a greater range of financing options than traditional homebuying paths. With a median household income of $62,097 and a median home value of $267,600, HUD homes in Chicago aren't just a way to get into a housing market that is already experiencing shortages, they may just be the ideal way for you. To learn more about our current HUD homes in Chicago, IL, register today! The perfect home could be waiting for you.
More Chicago, IL Property Resources
HUD Homes in Cities Near Chicago, IL
- Addison
- Bannockburn
- Barrington
- Barrington Hills
- Bensenville
- Brookfield
- Bull Valley
- Campton Hills
- Carpentersville
- Cicero
- Clarendon Hills
- Deer Park
- Des Plaines
- Dundee
- East Dundee
- Elgin
- Elk Grove Village
- Forest View
- Fox River Grove
- Glencoe
- Golf
- Grandwood Park
- Green Oaks
- Hainesville
- Harwood Heights
- Highwood
- Kildeer
- Knollwood
- Lake Barrington
- Lake in the Hills
- Lakemoor
- Lincolnshire
- Lincolnwood
- Mettawa
- Morton Grove
- North Barrington
- Northbrook
- North Riverside
- Palatine
- Park Ridge
- Pingree Grove
- Port Barrington
- River Forest
- Riverwoods
- Round Lake
- St. Charles
- Trout Valley
- Volo
- West Chicago
- West Dundee
Neighborhoods in Chicago, IL
Albany Park hud homes for sale Archer Heights hud homes for sale Armour Square hud homes for sale Ashburn hud homes for sale Gresham hud homes for sale Avalon Park hud homes for sale Hermosa hud homes for sale Avondale hud homes for sale Back of the Yards hud homes for sale Beverly hud homes for saleBuying a Home in Chicago, IL
Discover and understand more about what you can expect for Chicago, IL in terms of weather, education levels, income levels and more to get a better feel for the city.
Current Chicago population
Chicago, IL currently has a population of 2,699,347 which means it is a very large city with tons to see and do for both families, couples and individuals looking to move here. Choose from the large variety of restaurants, stop in at one of the cities renowned museums or go for a fun family outing in a nearby park.
Typical Rent Asked in Chicago, IL
Median Home Price in Chicago, IL
Households by Income in Chicago, IL
Top Reasons to Buy a HUD Home in Chicago
About Chicago Real Estate According to US News the average cost to buy a home in Chicago is approximately $222,300, which is the same as the national average. The cost of buying a home in Chicago varies greatly by the neighborhood. In north Chicago neighborhoods like the Near North Side, Lake View, and Lincoln Park, it is very common to see homes sell for more than $1 million. Meanwhile, in parts of the South Side, homes will sell for $100,000. The average monthly rent is above average when compared to other major cities in the country. The cost of living in Chicago is just above the national average.
Living in Chicago Chicago attracts many tourists with its culture, entertainment, arts, festivals, museums, and cuisine. Several of the city's most notable attractions are located in the Museum Campus, which is a park that sits alongside Lake Michigan in Grant Park. In this park you find the Adler Planetarium, the country's first planetarium; the Shedd Aquarium, the first inland aquarium with a permanent saltwater fish collection; the Field Museum of Natural History, one of the largest natural history museums in the world; Soldier Field, home of the National Football League Chicago Bears; and the Lakeside Center of McCormick Place, the largest convention center in the country.
Notable festivals that are held annually in the city are Chicago Blues Festival, Chicago Food Truck Festival, Taste of Chicago, and Chicago Jazz Festival. These festivals are held in Grant Park of Millennium Park.
Navy Pier is a 3,300-foot long pier on the shoreline of Lake Michigan, in the neighborhood Streeterville. It is home to parks, gardens, shops, restaurants, family attractions, and exhibitions facilities. It is the most visited tourist attraction in the city and one of the most visited in the entire Midwest.
Chicago is nationally renowned for its deep-dish pizza, most famous for its pizza include Lou Malnati's and Giordano's. The Chicago-style hot dog is a favorite in the city, along with the Chicago sandwich, and the Chicken Vesuvio. The city is home to decorated restaurants, including a recipient of three Michelin stars; and many well-known chefs have restaurants here.
Transportation and commutes in Chicago Chicago is a major transportation hub in the country. Many working Chicago residents by driving alone, or commute via carpool. Above the national average uses public transportation. The Chicago Transit Authority (CTA) handles the public transportation in the City of Chicago and a few adjacent suburbs outside the city limits. The CTA provides an extensive network of buses and a rapid transit subway system. Metra operates commuter rail service in the city and throughout the suburbs. Pace provides bus and paratransit service in the surrounding suburbs around the city. Greyhound Lines, Inc, provides inter-city bus service to and from the city.
Amtrak provides long commuter rail services to San Francisco, Washington D.C., New York City, Indianapolis, New Orleans, Portland, Seattle, Milwaukee, Quincy, St. Louis, Carbondale, Boston, Gran Rapids, Port Huron, Pontiac, Los Angeles, and San Antonio.
Chicago is served by O'Hare International Airport, which is one of the busiest airports in the world. The airport provides flights to both domestic and international destinations. Chicago is a major transportation hub.
Schools in Chicago Chicago is a world center of higher education and research, and several institutions consistently rank among the top universities in the country. The top universities in Chicago are the University of Chicago, Illinois Institute of Technology, Northwestern University, Loyola University Chicago, DePaul University, Columbia College Chicago, and University of Illinois at Chicago.
The city also has a high number of post baccalaureate institutions, graduate schools, seminaries, and theological schools; including Adler School of Professional Psychology, the Institution for Clinical Social Work, the University of Chicago Divinity School, and the Moody Bible Institute.