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Foreclosure Homes in Summit, IL

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1 S-hunt-ave-Summit-IL-60501
Foreclosure
$147,900 List Price

S Hunt Ave
Summit, IL 60501

3 Bed | 2 Bath | 1,843 Sq. Ft.

S-archer-rd-Summit-IL-60501
Preforeclosure

S Archer Rd
Summit, IL 60501

W-64th-pl-Summit-IL-60501
Preforeclosure
$140,675 EMV

W 64th Pl
Summit, IL 60501

W-64th-st-Summit-IL-60501
Preforeclosure
$141,525 EMV

W 64th St
Summit, IL 60501

| 4 Bath | 2,122 Sq. Ft.

W-61st-pl-Summit-IL-60501
Preforeclosure

W 61st Pl
Summit, IL 60501

7 Bed | 3 Bath | 2,288 Sq. Ft.

W-63rd-pl-Summit-argo-IL-60501
Preforeclosure
$149,770 EMV

W 63rd Pl
Summit Argo, IL 60501

3 Bed | 2 Bath | 1,026 Sq. Ft.

S-harlem-ave-Summit-IL-60501
Preforeclosure
$179,535 EMV

S Harlem Ave
Summit, IL 60501

4 Bed | 3 Bath | 3,250 Sq. Ft.

13 S-75th-ct-Summit-IL-60501
Short Sale
$80,000 List Price

S 75th Ct
Summit, IL 60501

3 Bed | 1 Bath | 792 Sq. Ft.

Park-ave-#-2-Summit-IL-60501
Bankruptcy

Park Ave # 2
Summit, IL 60501

15 S-hunt-ave-Summit-IL-60501
As-Is Deal
$147,900 List Price

S Hunt Ave
Summit, IL 60501

4 Bed | 2 Bath | 1,843 Sq. Ft.

Displaying 1 - 10 of 12

Foreclosure Homes in Summit, IL

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Summit, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Summit, IL and much more. Save thousands at closing with home foreclosure listings in Summit, IL — up to 75% off market value!


Top Reasons To Live In Summit, IL In 2021

Summit is located in Cook, Illinois, with an estimated municipal population of 11,116 residents. All of the best foreclosed homes for sale in Summit are located in the following zip code areas on Foreclosure.com: 60501. The estimated population per square kilometer (.62 miles) in Summit is 2,025.


Cost Of Living In Summit, IL

So, about how much do homes cost in Summit? The most recent median value of resident-owned homes in Summit is 171,918. An estimated 50.7 percent of households in Summit own their homes, with an average family size of 3.96. The median household income in Summit is 47,377, with16.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Summit, the median commute time of resident workers (in minutes) is 31.2. And last, but certainly not least, are you looking for homes to rent in Summit? If so, the average rent price paid by renters in Summit is 874, according to recent statistics.


Diversity And Demographics In Summit, 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 Summit, 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 Summit is 32, split between 49.9 percent male versus 50.1 female. The percentage of residents who report being married in Summit is 44.7, with an average family size of 3.96.

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

White 61.6%
Black / African American 7.8%
Asian 3.3%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 26.7%

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

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

Under 10 15.6%
Aged 10-19 19.3%
20s 12.9%
30s 14.3%
40s 12.1%
50s 10.7%
60s 8.1%
70s 3.9%
80+ 3.1%

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


Pros And Cons Of Living In Summit, Illinois

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

  • 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 Summit.


Reasons To Move To Summit, Illinois, In 2021

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

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