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Illinois Bank Owned Homes & REO Properties

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Bank Owned Properties in Illinois

Discover bank owned properties and browse opportunities in Illinois, including the transition from a bank owned property to auction.

RealtyTrac can help you find Illinois bank owned opportunities whether this is your first deal or you’re a seasoned investor. The average house price in Illinois is 163,307.66, but bank owned homes often sell for much less. Our vast database of homes for sale from the bank is perfect for helping you find the best properties for you in Illinois. You can use the filters to find bank owned homes that fit your investment criteria - search by neighborhood, price point, or property type. Remember, these properties move fast and may not be listed in other databases.

Illinois Real Estate Facts

Active Residential Inventory
30,550
Total Inventory

Recently Sold Properties

118,327
Sold (Last 6 Months)
Foreclosures ( 23,108 )
75.6%
Pre-foreclosures ( 18,432 )
60.3%
Bank Owned ( 1,674 )
5.5%
Auctions ( 3,002 )
9.8%
For Sale ( 7,442 )
24.4%