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Foreclosure Homes in Chestnut, IL

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Chestnut, IL Foreclosures

How much do homes sell for in Chestnut, IL?
The average home price is currently $144,781.
In Chestnut, IL, how many homes are available?
There are currently 159 active home listings available in Chestnut.
What’s the average rental cost in Chestnut, IL?
The average rental price in Chestnut is $1,063.
What is the most expensive home in Chestnut, Illinois?
The most expensive home sold in Chestnut had a price of $693,425.
What is currently the cheapest priced home in Chestnut, IL?
The cheapest home for sale in Chestnut is priced at $20,561.

Home Value Estimator For Chestnut, IL

There are currently 159 real estate properties in Chestnut, IL, with a median automated valuation model (AVM) price of $120,309.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chestnut, 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 Chestnut, IL, is $144,781.00, with the most expensive house in Chestnut, IL, topping out at $693,425.00 and the cheapest home in Chestnut, IL, clocking in at $20,561.00. In other words, there’s something for every potential homebuyer or savvy investor in Chestnut, IL!


Rent Prices In Chestnut, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chestnut, IL, is on a rollercoaster ride. The average rent price in Chestnut, IL, is $1,063.00. Indeed, when looking to rent in Chestnut, IL, you can expect to pay as little as $580.00 or as much as $1,900.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Chestnut, 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 Chestnut, IL In 2024

Chestnut is located in Logan, Illinois, with an estimated municipal population of 61 residents. All of the best foreclosed homes for sale in Chestnut are located in the following zip code areas on Foreclosure.com: 62518. The estimated population per square kilometer (.62 miles) in Chestnut is 214.


Diversity And Demographics In Chestnut, 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 Chestnut, 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 Chestnut is 48.1, split between 32.8 percent male versus 67.2 female. The percentage of residents who report being married in Chestnut is 46.9, with an average family size of 2.4.

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

White 100%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 19.7%
Aged 10-19 0%
20s 29.5%
30s 0%
40s 14.8%
50s 23%
60s 13.1%
70s 0%
80+ 0%

Best Schools In Chestnut, 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 Chestnut with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chestnut.


Pros And Cons Of Living In Chestnut, Illinois

How do you know that living in -- or moving to -- Chestnut is right where you need to be? Perhaps you grew up in Chestnut or already live nearby; therefore, the decision to buy a home in Chestnut is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chestnut 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 Chestnut:

  • 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 Chestnut.


Reasons To Move To Chestnut, 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 Chestnut can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chestnut, meanwhile, can field multiple offers from more qualified buyers.

Chestnut, IL Foreclosures


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