Chicago 50% off lottery deadline 4/7/2021

7635 S Maryland Ave
Chicago, IL 60619
Cook County, US
$25,500.00 listing calculator
Status: Available (For Sale)
Type: Residential
Subtype: Good Neighbor
Size: 1,386 Sq. Ft.
Lot Size: 3,125 Sq. Ft.
Year Built: 1882
Bedrooms: 2
Bathrooms: 1

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Chicago teachers, fire, and police pay only $25,500 which is a 50% reduction from the current valuation of $51,000.

General Features

List Date:

Full Description

Would you like to enter the lottery for this home? Complete this form and a local Realtor will contact you.

If you are a full-time state certified teacher, law enforcement officer, firefighter, or EMT who works for the fire department, you may qualify to participate in the Good Neighbor Next Door program. This program allows people in these occupations the opportunity to purchase specific HUD homes at a 50% discount. To qualify, both you and your spouse can't have had ownership in a residential home in the previous 12 months. Additionally, your current employer must provide service to the GNND home that you have an interest in purchasing. Lastly, you must be able to financially purchase the home at the discounted amount. To prove this HUD requires either a prequalification letter from a mortgage company or provide a "proof of funds" statement from a bank. This program is NOT income based.

If you finance with FHA, you will be able to close with a down payment of $100 instead of the typically required 3.5%. Additionally, you will be able to include all acceptable closing costs AND REPAIRS OR RENOVATION, if any is needed, into your mortgage. The FHA 203K renovation mortgage allows for financing your repairs along with your monthly mortgage payment.

If you meet the qualifications above and want to enter the lottery for this home, the next step is to complete this form. After you complete the form, a HUD registered agent will contact you to enter your name in the lottery. 

The deadline to enter the lottery for this home is 4/7/2021. If you complete the form late on this day, we may not be able to get your information entered in time.

Availability Calendar

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The information presented here is deemed reliable, though not guaranteed.
The purpose of is to both educate and connect. We educate you on the Good Neighbor Next Door program and connect you with local real estate agents and brokers who have experience with the program. We are not affiliated with HUD and are not the listing broker for the properties that are included on this site.
FL RE SA: Michael White, Lic #3480430, Fathom Realty. An Equal Opportunity Company. Equal Housing Opportunity. All rights reserved.
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