Oak Lawn FORECLOSURE LISTINGS

The market is booming! Find an affordable home through our foreclosure listings in Oak Lawn, Illinois.

Featured Foreclosure Listings in Oak Lawn, IL

Oak Lawn Home Foreclosure Listing ID: 2165739

Foreclosure

Oak Lawn, IL - 60453

1 Bd | 1 Ba | $34,900.00

Oak Lawn Home Foreclosure Listing ID: 2166084

Foreclosure

Oak Lawn, IL - 60453

2 Bd | 2 Ba | $69,900.00

Oak Lawn Home Foreclosure Listing ID: 2147144

Foreclosure

Oak Lawn, IL - 60453

3 Bd | 1 Ba | $98,000.00

Oak Lawn Home Foreclosure Listing ID: 2147202

Foreclosure

Oak Lawn, IL - 60453

3 Bd | 1 Ba | $130,000.00

Oak Lawn Home Foreclosure Listing ID: 2147126

Foreclosure

Oak Lawn, IL - 60453

2 Bd | 2 Ba | $142,000.00

Total: 26
BD: BH: Min Price:Max Price:
# Photo Address City State Zip Type BD BH Price Details
1
12 Photos
S 54TH AVE Oak Lawn IL 60453 Foreclosures 4 2 $166,950.00 Details
2
6 Photos
S PULASKI RD APT 103 Oak Lawn IL 60453 Foreclosures 1 1 $34,900.00 Details
3
15 Photos
S KOLIN AVE Oak Lawn IL 60453 Foreclosures 3 1.5 $43,000.00 Details
4
14 Photos
W 102ND ST Oak Lawn IL 60453 Foreclosures 3 1 $147,600.00 Details
5
14 Photos
W 107TH ST Oak Lawn IL 60453 Foreclosures 2 2 $142,000.00 Details
6
8 Photos
S KOSTNER AVE Oak Lawn IL 60453 Foreclosures 3 1.5 $204,900.00 Details
7
5 Photos
MERRIMAC AVE Oak Lawn IL 60453 Foreclosures 3 1 $98,000.00 Details
8
14 Photos
S 54TH CT Oak Lawn IL 60453 Foreclosures 3 1 $66,990.00 Details
9
7 Photos
MENARD AVE Oak Lawn IL 60453 Foreclosures 3 1 $130,000.00 Details
10
28 Photos
LAWLER AVE Oak Lawn IL 60453 Foreclosures 3 2 $159,990.00 Details
11
7 Photos
CENTRAL AVE APT 4NW Oak Lawn IL 60453 Foreclosures 2 2 $69,900.00 Details
12
23 Photos
S TRIPP AVE Oak Lawn IL 60453 Foreclosures 4 2.5 - Details
13
14 Photos
W 104TH ST APT 302 Oak Lawn IL 60453 Foreclosures 2 2 - Details
14
2 Photos
W 88TH ST Oak Lawn IL 60453 Foreclosures 3 1 - Details
15
2 Photos
MOODY AVE Oak Lawn IL 60453 Foreclosures 3 2 - Details
16
8 Photos
S Pulaski Rd Apt 30 Oak Lawn IL 60453 Foreclosures 2 1 $45,000.00 Details
17 -
0 Photo
South Kilpatrick Avenue Oak Lawn IL 60453 Foreclosures 2 2 $43,900.00 Details
18
8 Photos
W 97TH ST APT 103 Oak Lawn IL 60453 Foreclosures 2 2 $80,000.00 Details
19
11 Photos
S KARLOV AVE APT 301 Oak Lawn IL 60453 Foreclosures 2 2 $71,900.00 Details
20
9 Photos
W 95th Street 4639s Unit 2s Oak Lawn IL 60453 Foreclosures 1 1 $36,000.00 Details
About our Listings

How to Buy Oak Lawn Foreclosures

How to buy foreclosures

Buying real estate foreclosures in Oak Lawn, IL starts with finding listings. By browsing Oak Lawn foreclosure lists, you can find all kinds of properties either scheduled for sale at public foreclosure auctions or available directly from banks (known as bank-owned or REO homes). The foreclosure process moves quickly, but as long as you give yourself time to research the home that interests you, you can find fantastic deals when you buy foreclosures in Oak Lawn, IL.

>> See more info about how to Buy foreclosures

How to Invest in Oak Lawn Foreclosures

How to invest foreclosure

Oak Lawn foreclosure homes are perfect for property investors because they can be purchased for below their actual market value right off the bat. To find the best Oak Lawn real estate investing bargains, you'll have to assess several properties and decide which has the most potential for Oak Lawn foreclosure investment value. Remember, real estate investing isn't just about getting the lowest price, it's about buying desirable home in locations with the potential for future value. Don't buy the first thing you see at Oak Lawn foreclosure short sales, wait for the right property at the right price.

>> See more info about how to invest in foreclosures

Types of Foreclosures in Oak Lawn

Foreclosure home

Foreclosures happen on all kinds of real estate, so a list of foreclosed homes in Oak Lawn will have all kinds of opportunities. In addition to single family homes, you'll find lots of duplex, triplex, and multi family homes, which are great for investing. You'll find upscale townhouse and lofts, and all kinds of houses and condo foreclosures in Oak Lawn, IL. There are even chances to buy land, farms, and ranches, sites for mobile homes, and Oak Lawn apartments for sale at great discounts ll over the city. Whether you're looking for commercial or residential property, the possibilities are endless.

>> Learn more about foreclosures

Illinois Foreclosure Laws

Foreclosure law

In the state of Illinois, real estate foreclosures are judicial foreclosures, meaning that distressed properties in Illinois are handled by the legal system in the state. Typically, cases involving foreclosure houses must be approved by a court - sometimes a special foreclosure court - before they can be handled by real estate brokers and sold. The lender will file a complaint along with a Lis Pendens notice; the court will then decide if the complaint is valid. If it is, the court will issue a writ for a public auction for the property. If these properties do not sell, the lender regains possession of the home, and they become Illinois REO properties.

Oak Lawn Banks Foreclosures

Bank Foreclosure

Oak Lawn bank owned homes can be a great way for buyers to find cheap properties. When bank foreclosures in Oak Lawn, IL are not sold through a foreclosure auction, they become REO homes that are under the bank's control. Buyers must then approach banks and make offers on Oak Lawn bank owned foreclosures. These offers are either accepted or rejected. For this reason, many people find buying bank owned homes for sale in Oak Lawn Illinois to be similar to buying from an agent. Check our Oak Lawn bank foreclosure listings and find discount properties.

>> See more info about bank foreclosures

Oak Lawn Government Foreclosures

Government Foreclosure

Oak Lawn Government homes are usually foreclosures with government-sponsored mortgages, but they can also be the result of a repossession due to a government tax lien. Most commonly you'll find homes from agencies like Freddie Mac, Fannie Mae, and the USDA, which are federal homes mortgage sponsors. Like like all lenders, they offer foreclosures for sale to the public. HUD homes in Oak Lawn IL are another popular type of foreclosure, as are VA foreclosures in Oak Lawn, which are available from the Veterans Affairs Department for especially great deals. Check our Oak Lawn government foreclosure listings.

>> See more info about govermment foreclosures

Oak Lawn Pre-Foreclosures

Foreclosure

PreForeclosures in Oak Lawn are properties that are in default, but have not yet gone to foreclosure sale. The foreclosure period begins when the homeowner is issued a Oak Lawn Lis Pendens, or Notice of Default. In some cases, the homeowner may attempt to pay off their debt during this time, but bankruptcies are also often declared. Law requires that bankruptcy homes and pre foreclosures must be in the pre foreclosure stage for at least 60 days before a foreclosure auction can be scheduled, but it can still takes weeks or months for a sale to occur.

>> See more info about pre-foreclosures

Oak Lawn Foreclosure Auctions

Foreclosure Auction

Most Oak Lawn foreclosed homes are sold through Sheriff auctions. These auctions are fantastic ways to find cheap houses for sale, often at up to 50% off market value. Anyone can bid at foreclosure auctions in Oak Lawn, and the auction is overseen by the Sheriff's office or a trustee. Be sure to secure financing before you attend an auction, because a down payment on the winning bid will be required after the sale ends. Auctions are the most common and sought after way to buy repo homes in Oak Lawn, IL. We offer a comprehensive Oak Lawn foreclosure auction listings.

>> See more info about foreclosure auctions

Top Zip Codes in Oak Lawn, Illinois

Find Home Foreclosure Listings in Oak Lawn, IL

Oak Lawn foreclosure listings are your ticket to the lowest prices on real estate in the city, and there's no better source for them than ForeclosureListingsNationwide.com. With our constantly updated database of foreclosure listings in Oak Lawn, IL and easy-to-use search tools, finding the properties you want is fast and effective. Spend more time comparing Los Angeles apartment foreclosures, houses for sale or investment foreclosure properties and let us take care of the hard work! Use ForeclosureListingsNationwide.com to find bankruptcy houses for sale in Oak Lawn Illinois, best affordable foreclosure condo in Oak Lawn, cheap apartments for sale, bargain foreclosed homes for sale in Oak Lawn, IL and earn huge savings on the homes YOU want to buy!

Our Oak Lawn Foreclosure Lists

You can find Oak Lawn foreclosure homes for sale which you can buy for living or investment. Simply click through our Oak Lawn foreclosure home listings to find government foreclosures and bank owned homes in Oak Lawn area. If you're searching for a deep discount or low prices on real estate then searching our Oak Lawn foreclosure lists for homes foreclosure for sale or short sale listing in Oak Lawn is your answer. Our up-to-date Oak Lawn short sale listings provide the latest investing opportunities on affordable Oak Lawn bank owned property listings, government pre foreclosure lists, Oak Lawn banrkuptcy homes and Oak Lawn HUD repossessed homes for sale which can be found at below market value. With our massive foreclosure list in Oak Lawn, you should have little trouble finding the cheapest deal on a foreclosed home in Oak Lawn, Illinois.

You can also search Oak Forest foreclosure listings and Bridgeview foreclosure listings for more properties in the neighboring area.



Oak Lawn, IL

As of 2011, Oak Lawn's population is 52,491 people. Since 2000, it has had a population growth of -4. 92 percent. The median home cost in Oak Lawn is $207,000. Home appreciation the last year has been -5. 05 percent. Compared to the rest of the country, Oak Lawn's cost of living is 11. 40% Higher than the U. S. average. Oak Lawn public schools spend $5,991 per student. The average school expenditure in the U. S. is $5,678. There are about 18. 2 students per teacher in Oak Lawn. The unemployment rate in Oak Lawn is 9. 20 percent(U. S. avg. is 9. 10%). Recent job growth is Negative. Oak Lawn jobs have Decreased by 1. 40 percent. Average Commute time is 35 minutes. The National Average is 28 minutes.

Peopleoak-lawn, ilUS
Population52,491307,829,557
Pop Density6,15287
Pop Change-4.92%9.34%
Median Age43.936.6
Households21,414116,329,167
Household Size2.422.58
Male Population47.34%49.31%
Female Population52.66%50.69%
Married Population48.72%47.15%
Single Population51.28%52.85%
Estimated Households By Household Incomeoak-lawn, ilUS
Income Less Than 15k8.04%12.10%
Income Between 15k And 25k9.45%10.18%
Income Between 25k And 35k10.73%10.56%
Income Between 35k And 50k16.83%14.98%
Income Between 50k And 75k20.15%19.53%
Income Between 75k And 100k14.09%12.52%
Income Between 100k And 150k15.48%12.14%
Income Between 150k And 250k2.67%3.91%
Income Between 250k And 500k2.23%3.34%
Income Greater Than 500k0.32%0.75%
Economyoak-lawn, ilUS
Unemployment Rate9.20%9.10%
Recent Job Growth-1.40%-0.12%
Future Job Growth28.00%31.25%
Sales Taxes8.25%6.80%
Income Taxes3.00%6.25%
Income Per Cap$28,570$27,067
Household Income$55,962$52,954
Housingoak-lawn, ilUS
Median Home Age43.835.1
Median Home Cost$207,000$175,100
Home Appreciation-5.05%-3.15%
Homes Owned81.45%59.90%
Housing Vacant4.15%10.37%
Homes Rented14.40%29.73%
Property Tax Rate$16.10$11.20
Owner Occupied Housing Units By Valueoak-lawn, ilUS
Less Than 20k0.41%2.65%
20k To 399990.71%3.76%
40k To 599990.10%4.99%
60k To 799990.58%6.01%
80k To 999993.67%7.27%
100k To 14999916.12%19.24%
150k To 19999923.80%14.67%
200k To 29999944.34%18.09%
300k To 3999997.64%9.14%
400k To 4999991.49%4.94%
500k To 7499990.76%5.42%
750k To 9999990.15%2.03%
1kk Or More0.24%1.77%
Educationoak-lawn, ilUS
School Expend$5,991$5,678
Pupil Teacher Ratio18.214.9
Students Per Librarian670803
Students Per Counselor623513
2 Yr College Grad6.95%7.47%
4 Yr College Grad16.31%17.42%
Graduate Degrees8.21%10.12%
High School Grads87.99%84.72%
Crimeoak-lawn, ilUS
Violent Crime24
Property Crime44
Housing Units By Year Structure Builtoak-lawn, ilUS
1999 To 20053.68%13.71%
1995 To 19983.18%8.54%
1990 To 19943.25%5.77%
1980 To 19897.67%13.87%
1970 To 197921.77%16.17%
1960 To 196926.36%11.70%
1950 To 195922.32%11.08%
1940 To 19497.25%6.02%
1939 Or Earlier4.52%13.15%

Table Information