Distressed Property Acquisition in Chicago
We buy distressed properties in Chicago—foreclosure, code violations, fire damage, foundation issues.
Get your offer in 24 hours, close in 7-14 days. Any condition accepted. Call (312) 975-5557 now.
Properties traditional buyers won't touch? We specialize in them. Tax liens, condemned buildings, severe damage, estate sales—we buy the most challenging properties across Chicago and Cook County.
Distressed Properties Sell Faster to Direct Buyers
Traditional MLS sales take 60–90 days minimum. For distressed properties, that timeline extends to 120+ days if the sale closes at all.
Why Traditional Sales Fail:
Buyers touring distressed properties demand repairs. Inspection reports list every issue. Appraisals come in low. Financing gets denied. Deals fall through.
Cash Buyers Work Differently:
Cash buyers skip inspection periods, appraisal delays, and buyer financing that usually kills deals on problem properties. We visit, evaluate, and make offers within 24 hours. Most closings complete in 7–14 days.
Cook County foreclosure timelines push many sellers to accept cash offers before sheriff sales. Foreclosure auctions happen fast—direct buyers close before those deadlines, stopping the foreclosure process and protecting your credit score.
Foundation Problems and Structural Issues Don't Stop Cash Sales
Foundation repairs in Chicago cost $30,000–$80,000 for vintage bungalows and two-flats. Most homeowners can't afford these repairs. Most buyers won't purchase properties needing foundation work.
Chicago's clay soil causes foundation settlement in older neighborhoods. Properties built 1900–1950 show age-related foundation issues. We factor these repairs into our offers but don't require you to fix anything.
Common foundation issues we buy:
Vertical and horizontal foundation cracks
Bowing basement walls from soil pressure
Floor slopes and uneven settling
Crumbling limestone or brick foundations
Foundation movement and displacement
Structural engineers, foundation contractors, permits, inspections—we handle everything after closing. You pay nothing for repairs.
Chicago Code Violations and Permits Transfer to Buyer
Inheriting property with open building permits? Unpermitted additions discovered during sale? Housing court cases pending?
Investment companies resolve violations post-closing, lifting the legal and financial burden from sellers immediately. We buy properties anywhere code violations exist.
Chicago Department of Buildings liens and unpaid permit fees transfer with the deed. We clear these without seller involvement.
You don't:
Hire contractors
Attend hearings
Negotiate with the city
Pay violation fines
Code violations we handle:
Structural violations and unsafe conditions
Electrical code violations and outdated wiring
Plumbing violations and illegal connections
Unpermitted additions and basement apartments
Exterior violations and failing porches
Open violations don't stop the sale. We buy the property with all active violations and resolve them through our licensed contractors after closing.
Estate Sales and Probate Properties Close Without Repairs
Cash buyers eliminate the need to empty, clean, or repair homes during probate proceedings.
The house full of belongings? We handle estate cleanouts.
Decades of deferred maintenance? We buy as-is.
Illinois probate takes 6–12 months minimum. Selling to investors early in the process prevents property tax and utility arrears from accumulating.
Every month the estate property sits empty costs money:
Property taxes
Insurance
Utilities
Maintenance
Security concerns
We work with executors and probate attorneys. We buy during probate with court approval or after probate closes.
Multiple heirs who can't agree on repairs? We provide one offer, one closing, fair distribution to all parties.
How Do Distressed Property Buyers Work in Chicago?
Contact Us
Call (312) 975-5557 or fill out our form. Tell us about your vacant property—location, condition, how long it's been empty.
Property Visit
We visit the property within 24–48 hours. We evaluate condition, code violations, needed repairs, and neighborhood comps.
Cash Offer
You receive a written cash offer within 24 hours. We show you our math—comparable sales, repair costs, holding expenses.
Fast Closing
Accept our offer and pick your closing date. We handle all paperwork, pay all closing costs, and wire your funds at closing. Most closings complete in 7–30 days.
Fire and Water Damage Properties Sell As-Is
Basement floods, pipe bursts, kitchen fires—restoration bills run $50,000+ across Chicago.
We buy smoke-damaged, flood-damaged, and mold-affected homes immediately. You walk away without cleanup expenses, contractor estimates, or insurance disputes.
Chicago winters cause frequent frozen pipe bursts in unheated buildings. We specialize in these seasonal damage scenarios.
Fire and water damage we purchase:
Kitchen fires and electrical fires
Total fire losses and structural fire damage
Burst pipe flooding and water damage
Basement flooding and chronic moisture issues
Roof leak damage and ceiling collapse
Sewer backup and category 3 water damage
Mold growth and contamination
Insurance Issues We Solve:
Insurance companies often underpay claims. Coverage limits, deductibles, and disputed claims leave homeowners with damaged properties and insufficient funds.
We solve that problem with cash purchases. You don't fight with insurance adjusters or wait for claim settlements.
Ready to Sell Your Distressed Chicago Property?
Stop worrying about repairs, violations, or legal issues. Get your cash offer today.
Call: (312) 975-5557 Available 7 days a week, 8 AM–9 PM
Request Your Free Valuation Fill out our form—we'll contact you within 2 hours
Email: connect@delloinvestments.com Send us your property address and preferred visit time