Illinois · live land bank prices
Cheap houses for sale in Illinois — from $350
Illinois's land banks are selling 158 priced properties right now — government-owned homes and lots that never reach Zillow. Prices refresh nightly from the official sources.
- 1
- under $1,000
- 2
- under $5,000
- 16
- under $10,000
- 158
- priced listings
The cheapest Illinois houses right now
2% of area home value$5,000
302 W 51st St
Chicago, IL
3,006 sqftStructure
22% of area home value$15,000
237 E 147th St
Harvey, IL
9,374 sqftStructure
$20,000
6022 S Carpenter St
Chicago, IL
3,119 sqftStructure
$20,000
2515 W 69th St
Chicago, IL
3,123 sqftStructure
10% of area home value$20,000
11350 S Michigan Ave
Chicago, IL
3,128 sqftStructure
20% of area home value$20,000
6611 S Aberdeen St
Chicago, IL
3,119 sqftStructure
Buying cheap in Illinois
- How cheap are houses in Illinois land banks?
- Priced Illinois land bank inventory starts at $350 right now, with 16 listings under $10,000 and 1 under $1,000. Cheap structures generally need renovation; the cheapest parcels are usually side lots sold to neighbors.
- Are these real Illinois listings?
- Yes. Every listing is aggregated nightly from the official inventory of Illinois's land banks and links to the source page where you apply. Sold parcels drop off automatically.
- How do I actually buy one?
- Land bank purchases are applications, not MLS offers: pick a property, show proof of funds (and usually a renovation plan for structures), and close directly with the land bank. Many programs favor owner-occupants.
Full walkthrough: How to buy land bank property in Illinois