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GovAuctions aggregates government surplus auctions from official platforms. We are not affiliated with GSA, HUD, or any government agency. · Terms · Privacy
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HUD Home — 2622 Central Dr 2n, Flossmoor, IL 60422 - photo 1

HUD Home — 2622 Central Dr 2n, Flossmoor, IL 60422

HUDReal Estate📍Flossmoor, IL

List Price

$0

Listed Until

Dec 17, 2026

Bids accepted in rolling periods

Market demand: Real Estate in Illinois sell about 27% of the time, typically ~2 bids. Based on 123 completed sales over the last year.

Appraised valueFixed price
$126,000
HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.
  • •This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
  • •The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
  • •Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

FHA-insurable

Condition & financing

Meets HUD's minimum property standards - roughly under $5,000 of repairs needed.

  • Qualifies for standard FHA financing, so an owner-occupant can buy with a low down payment.
  • Eligible for HUD's $100-down payment program for owner-occupants.
  • FHA insurability is set by HUD; the repair figures are HUD's ~$5,000 rule of thumb, not a per-home guarantee. Always get an inspection.
How to buy HUD homes →

Seller

🏛️ U.S. Department of Housing and Urban Development

Condition: As-is

Full Description

HUD foreclosure property. Case #138-121117. Condo · 3 bed · 2 bath · 1423 sqft · Built 1959. 2622 Central Dr 2n, Flossmoor, IL 60422. All Bidders. Contact a HUD-registered broker to submit an offer.

Pickup Information

📍
Flossmoor, IL 60422

U.S. Department of Housing and Urban Development

📝HUD homes are sold through a bid process via HUD-registered brokers. Visit hudhomestore.gov for details.
Appraised valueFixed price
$126,000
HUD sets this list price from a professional appraisal of the home in its current condition, not an auction starting bid.
  • •This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
  • •The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
  • •Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.

The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.

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