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Foreclosure Homes in Chicago Ridge, IL

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View this home at Lyman Ave Chicago Ridge IL 60415
Preforeclosure
VIEW DETAILS
$211,518 EMV
Lyman Ave
Chicago Ridge, IL 60415
Single-Family
1
|
973
EST. RENT: $1,840
|
AUCTION: 05-13-2024
Single-Family
1
|
973
5 View this home at 109th Pl Chicago Ridge IL 60415
Preforeclosure
VIEW DETAILS
$286,110 EMV
109th Pl
Chicago Ridge, IL 60415
Single-Family
|
3 |
1
|
1,318
EST. RENT: $1,840
|
AUCTION: 04-29-2024
Single-Family
|
3 |
1
|
1,318
Displaying 1 - 10 of 77

Chicago Ridge, IL Foreclosures

How much do homes sell for in Chicago Ridge, IL?
The average home price is currently $207,487.
In Chicago Ridge, IL, how many homes are available?
There are currently 3,758 active home listings available in Chicago Ridge.
What’s the average rental cost in Chicago Ridge, IL?
The average rental price in Chicago Ridge is $1,397.
What is the most expensive home in Chicago Ridge, Illinois?
The most expensive home sold in Chicago Ridge had a price of $899,800.
What is currently the cheapest priced home in Chicago Ridge, IL?
The cheapest home for sale in Chicago Ridge is priced at $38,231.

Home Value Estimator For Chicago Ridge, IL

There are currently 3,758 real estate properties in Chicago Ridge, IL, with a median automated valuation model (AVM) price of $206,325.00. 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 Ridge, 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 Ridge, IL, is $207,487.00, with the most expensive house in Chicago Ridge, IL, topping out at $899,800.00 and the cheapest home in Chicago Ridge, IL, clocking in at $38,231.00. In other words, there’s something for every potential homebuyer or savvy investor in Chicago Ridge, IL!


Rent Prices In Chicago Ridge, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chicago Ridge, IL, is on a rollercoaster ride. The average rent price in Chicago Ridge, IL, is $1,397.00. Indeed, when looking to rent in Chicago Ridge, IL, you can expect to pay as little as $800.00 or as much as $2,060.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Chicago Ridge, 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.


Top Reasons To Live In Chicago Ridge, IL In 2024

Chicago Ridge is located in Cook, Illinois, with an estimated municipal population of 13,928 residents. All of the best foreclosed homes for sale in Chicago Ridge are located in the following zip code areas on Foreclosure.com: 60415. The estimated population per square kilometer (.62 miles) in Chicago Ridge is 2,371.


Cost Of Living In Chicago Ridge, IL

So, about how much do homes cost in Chicago Ridge? The most recent median value of resident-owned homes in Chicago Ridge is 160,719. An estimated 54.6 percent of households in Chicago Ridge own their homes, with an average family size of 3.32. The median household income in Chicago Ridge is 48,886, with16.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chicago Ridge, the median commute time of resident workers (in minutes) is 33.3. And last, but certainly not least, are you looking for homes to rent in Chicago Ridge? If so, the average rent price paid by renters in Chicago Ridge is 996, according to recent statistics.


Diversity And Demographics In Chicago Ridge, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Chicago Ridge, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Chicago Ridge is 34.8, split between 48.4 percent male versus 51.6 female. The percentage of residents who report being married in Chicago Ridge is 49.7, with an average family size of 3.32.

The percentage of residents who report their race in Chicago Ridge is as follows:

White 80.6%
Black / African American 11.3%
Asian 2.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0.1%
Multi-racial 1.6%
Other 3.8%

Looking for family-friendly neighborhoods in and/or near Chicago Ridge? Or maybe you are searching for 55+ active adult communities in and/or near Chicago Ridge?

The percentage of residents who report their age in Chicago Ridge is as follows:

Under 10 16.5%
Aged 10-19 10%
20s 16%
30s 16%
40s 9.3%
50s 11.8%
60s 10.9%
70s 5.9%
80+ 3.6%

Best Schools In Chicago Ridge, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Chicago Ridge with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chicago Ridge.


Pros And Cons Of Living In Chicago Ridge, Illinois

How do you know that living in -- or moving to -- Chicago Ridge is right where you need to be? Perhaps you grew up in Chicago Ridge or already live nearby; therefore, the decision to buy a home in Chicago Ridge is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chicago Ridge for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Chicago Ridge:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chicago Ridge.


Reasons To Move To Chicago Ridge, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chicago Ridge can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chicago Ridge, meanwhile, can field multiple offers from more qualified buyers.

Chicago Ridge, IL Foreclosures


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