September 2026 HUD file
HUD-insured apartment loans in Illinois
488 properties with 68,330 units carry FHA-insured mortgages in Illinois, with $5.1 billion still owed. The median note rate is 3.65%, and 301 of them are below 4%.
488insured loans
3.65%median note rate
$5.1 billionbalance outstanding
5.54%median on loans endorsed in the last 12 months, all states
By program
| 223(f) purchase or refinance | 224 |
|---|---|
| 221(d)(4) construction or substantial rehab | 86 |
| 223(a)(7) refinance | 77 |
| HFA risk-sharing | 92 |
| 241(a) supplemental | 2 |
| Older and other programs | 7 |
Lowest rates with 10+ years left
These are the loans a buyer would most want to assume. Open one for the payment math.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Valley View Apartments | Moline | 192 | 2% | $10.8 million | 2057 |
| Cape Cod Apartment Homes | Morton | 200 | 2.05% | $15.0 million | 2056 |
| 1514 W. Howard | Chicago | 42 | 2.16% | $4.4 million | 2055 |
| Chinatown Elderly Apartments | Chicago | 138 | 2.19% | $26.1 million | 2056 |
| Parkway Lakeside | O'fallon | 232 | 2.2% | $22.8 million | 2060 |
| Towne & Country | West Chicago | 189 | 2.2% | $12.7 million | 2056 |
| Congress Parkway | Crystal Lake | 60 | 2.2% | $4.5 million | 2056 |
| Rainbow East Luxury Apartments | Bloomington | 64 | 2.21% | $3.0 million | 2056 |
| Parkway Court Apartments | Normal | 58 | 2.21% | $3.0 million | 2056 |
| Squire Village Apartments | Elgin | 180 | 2.22% | $12.4 million | 2056 |
| 6250 S. Harper | Chicago | 205 | 2.22% | $11.4 million | 2055 |
| Camden at Bloomingdale Apartments | Bloomingdale | 360 | 2.25% | $48.3 million | 2055 |
| Olympic Village | Chicago Heights | 320 | 2.25% | $33.3 million | 2058 |
| Riverwalk Preserve | Buffalo Grove | 90 | 2.25% | $12.8 million | 2056 |
| Crystal Lake Apartments | Crystal Lake | 220 | 2.25% | $11.7 million | 2056 |
Filter every state in the assumable-loan finder
Paying off within five years
Most HUD loans amortize to zero, so these balances are usually small. The owners are deciding what to do with a nearly paid-off property.
| Property | City | Units | Rate | Balance | Matures |
|---|---|---|---|---|---|
| Kenwood Apts | Chicago | 648 | 10.75% | $71,951 | 2027 |
| Phoenix Towers | Bloomington | 158 | 4.197% | $1.1 million | 2027 |
| Randolph Tower Apartments | Chicago | 312 | 6.59% | $43.6 million | 2028 |
| Breakers-At-Edgewater Beach | Chicago | 476 | 4.98% | $4.2 million | 2029 |
| Fellowship Center Manor Apts | Mattoon | 124 | 3.6% | $699,770 | 2029 |
| Odd Fellow Heritage Apts | Williamsville | 56 | 5.125% | $364,937 | 2029 |
| Mercy Preservation Project | Chicago | 300 | 5.929% | $14.2 million | 2031 |
| Friendship Manor | Lincoln | 124 | 3.6% | $1.4 million | 2031 |
By city
- Chicago 188
- Elgin 10
- Peoria 9
- Rockford 8
- Champaign 7
- Aurora 6
- Bloomington 6
- Dekalb 6
- Macomb 6
- Moline 6
- Waukegan 6
- Zion 6
- Joliet 5
- Crystal Lake 4
- Decatur 4
- East Moline 4
- Normal 4
- North Chicago 4
- Quincy 4
- Rock Island 4
- Springfield 4
Everywhere else in Illinois
- Algonquin Square Algonquin · 2.85%
- Anita Terrace Antioch · 3.4%
- Deercrest Apartments Antioch · 3.05%
- Oakridge Village Antioch · 2.95%
- Arlington Heights Gateway - 1 Arlington Heights · 5.75%
- Cedar Village of Arlington Heights Arlington Heights · 3.27%
- Linden Place Apartments Arlington Heights · 2.56%
- Greencastle of Barrington Barrington · 3.95%
- Victory Centre Ofbartlett Senior Apts Bartlett · 3.65%
- Batavia Apts Batavia · 2.65%
- Riverain Point Apartments Batavia · 3.95%
- Bradford Place and Ansley Oaks Belleville · 3.5%
- St. Clair Village Apartments Belleville · 2.39%
- Prairie View Apartments Bellwood · 4.65%
- Shadley Apartments Belvidere · 3.75%
- Sheffield Meadows Apartments Belvidere · 3.25%
- Townhomes of Cedar Village Belvidere · 3.79%
- Bensenville Apartments Bensenville · 2.35%
- Lindentowers Apartments Bensenville · 3.09%
- Berwyn Grove Berwyn · 3.55%
- Grove Avenue Apartments Berwyn · 5.35%
- Camden at Bloomingdale Apartments Bloomingdale · 2.25%
- Meadow View Apartments Blue Island · 2.95%
- Mckay Manor Breese · 4.21%
- Riverwalk Preserve Buffalo Grove · 2.25%
- Garden House of River Oaks II Calumet City · 3.703%
- Ginger Ridge Apartments Calumet City · 3.05%
- Prairie Living at Chautauqua Carbondale · 6.15%
- The Fields Carbondale · 4.131%
- University Mall Apartments Carbondale · 5.85%
- White Countys Carmi · 6.5%
- Autumn Ridge Apartments Carol Stream · 5.15%
- Colony Park Apartments Carol Stream · 3.45%
- Covered Bridges Carol Stream · 4.95%
- Cary Senior Living Cary · 5.6%
- Oak Knoll Apartments Cary · 2.37%
- Mallard Point Apartments Channahon · 2.51%
- Prairie Vista Apartments Chatham · 2.325%
- Millbrook Townhomes Cherry Valley · 5.36%
- Olympic Village Chicago Heights · 2.25%
- Otto Veterans Square Chicago Heights · 5.64%
- South Suburban Chicago Heights Slf Chicago Heights · 4.3%
- Columbia Bluffs Columbia · 3.16%
- Columbia Lakes Apartments Columbia · 5.34%
- Cortland Estates Cortland · 3.703%
- Storey Manor Cottage Hills · 2.17%
- Sutton Place Apartments Crest Hill · 3.75%
- Vermillion House Apartments Danville · 3.98%
- One Deerfield Place Deerfield · 3.17%
- Oak Tree Towers Downers Grove · 4.257%
- Perry Adult Living Du Quoin · 3.8%
- Township Village Apartments East Alton · 2.65%
- 811 Main Street East Dundee · 2.37%
- Dawson Manor Apartments East St Louis · 2.55%
- Parsons Place East St Louis · 7.71%
- Trace on the Parkway Edwardsville · 2.89%
- Slate Creek Apartments Effingham · 5.39%
- Meadows I Apts Elburn · 3.23%
- Landmeier Station Elk Grove Village · 3.4%
- Village Grove Apartments Elk Grove Village · 2.44%
- 2007 Ashland Evanston · 5.56%
- Evanston Senior Redevelopment Evanston · 2.9%
- Winchester Place Apartments Fairview Heights · 3.05%
- Linden House Apartments Forest Park · 2.72%
- Lakeland Apartments Fox Lake · 3.98%
- Brewster-Hosmer Rad Conversion Freeport · 5.94%
- Willow Park Apartments Freeport · 2.27%
- Mary Allen West Tower Apts Galesburg · 3.92%
- Residential Facilities Galesburg · 5.74%
- Route 9 Properties Gibson · 2.43%
- Patten House of Glenview Glenview · 3.95%
- Town and Country Apartments Granite City · 4.35%
- Library Lane Senior Residence Grayslake · 2.32%
- Almira Manor Greenville · 4.8%
- Northlake Farms Gurnee · 3.28%
- Orchard Hills Hanover Park · 3.35%
- Harvey II & III Harvey · 6.19%
- Ravinia Housing Highland Park · 4.5%
- Walnut Place Apartments Highland Park · 5.17%
- Westbrook Apartments Hillside · 3.48%
- Huntley Horizon Senior Living Communit Huntley · 4.4%
- Beech Street Senior Lofts Island Lake · 5.95%
- Liberty Meadows Estates Phase I Jollet · 6.6%
- Riverwoods Apartments Kankakee · 5.88%
- Cedar Village Apartments Lake Villa · 2.28%
- Water's Edge Apartments Lake Villa · 2.95%
- Landings at Lake Zurich Lake Zurich · 2.95%
- Zurich Meadows Senior Apartments Lake Zurich · 4.35%
- Starling Senior Apartments Lakevilla · 5.74%
- Buford Walker Senior Housing Lansing · 3.95%
- Lansing Crossing Apartments Lansing · 5.74%
- Spring Lake Apartments Lansing · 5.4%
- Cedars of Lebanon Apartments Lebanon · 2.6%
- University Commons Lebanon · 2.36%
- Spoon River Towers Lewistown · 4.17%
- Friendship Manor Lincoln · 3.6%
- Mallard Ridge Apartments Lindenhurst · 2.45%
- Abbey Apartments at Four Lakes Lisle · 2.81%
- The Towers at Four Lakes Lisle · 3.12%
- Evergreen Place Litchfield Lithcfield · 5.8%
- Highland Ridge Apartments Lockport · 2.99%
- The Haven at Highland Lombard · 5.75%
- Willow Lakes Lombard · 3.2%
- Park Tower Loves Park · 2.37%
- Riverwalk Senior Residences Lyons · 3.18%
- Solace of Mahomet Mahomet · 5.56%
- Fellowship Center Manor Apts Mattoon · 3.6%
- Maywood Supportive Facility Maywood · 3.67%
- Hillcrest Apartments Mchenry · 3.19%
- Casa Heritage House Apartments Melrose Park · 3.95%
- Melrose Commons Melrose Park · 4.95%
- Cobblestone Apartments of Parkway Milan · 3.01%
- Langman Apartments Milan · 3.21%
- Milan Manor Milan · 4.25%
- Elliot Manor Morris · 3.47%
- Cape Cod Apartment Homes Morton · 2.05%
- The Homestead at Morton Grave Morton Grove · 3.7%
- Willow Springs Apartments Mount Vernon · 4.21%
- Charles Court Apartments Naperville · 2.49%
- Ogden Manor Naperville · 3.2%
- Waterford Greens Naperville · 3.77%
- Courtyard Village West Apartments North Aurora · 2.9%
- Chevy Chase Apartments O'fallon · 2.81%
- Lincoln Park Villas O'fallon · 2.56%
- Parkway Lakeside O'fallon · 2.2%
- Mayslake Annex II Oak Brook · 5.89%
- Mayslake Center II Oak Brook · 2.99%
- Mayslake East Wing Oak Brook · 5.89%
- Rustic Oaks Apartments Oak Forest · 2.74%
- Heritage House Apartment Oak Park · 3.45%
- The Oaks Oak Park · 4%
- Ninety 7 Fifty on the Park Orland Park · 3.6%
- Deville Manor Oswego · 6.07%
- Mill St. Station Oswego · 3.75%
- Arrowhead Apartments Palatine · 3.19%
- Greenhaven Apartments Fka Quentin Apartments Palatine · 6.37%
- Hershey Towers B (aka Pana Towers) Pana · 2.99%
- Colonial Park Apartments Park Ciry · 2.55%
- 7500 Madison Forest Park Park Forest · 3.35%
- Garden House of Park Forest Park Forest · 3.739%
- Brookmeadows Apartments Pekin · 3.54%
- Willow Oaks One Apts Pekin · 3.9%
- Galena Park Terrace Apartments Peoria Heights · 3.47%
- Pacesetter Redevelopment Phase I Riverdale · 5.74%
- 28-48 Lawton Road Riverside · 4.77%
- Highpoint Reflections & Town Square Romeoville · 2.95%
- Highpoint Serenity Apartments Romeoville · 2.4%
- Highpoint Town Square Apts Romeoville · 3.35%
- The Gardens on Prairie Rose Roscoe · 3.23%
- Metro 19 Apartments Roselle · 2.5%
- Springhill Roselle Apartments Roselle · 2.4%
- Cedar Villas Round Lake Beach · 3.72%
- Parkview Apts Savoy · 3.98%
- Cedar Village of Schaumburg Schaumburg · 2.49%
- Emerald Village Schaumburg · 4.15%
- 3900 Wehrman Apartments Schiller Park · 3.35%
- Tamarack Woods Apartments Shiloh · 2.37%
- Timbers of Shorewood Shorewood · 2.25%
- Illini Tower Apartments Silvis · 2.42%
- Loma Linda Apartments Silvis · 4.25%
- Old Orchard Residences Skokie · 2.4%
- Springs at South Elgin South Elgin · 2.69%
- Anthony Place Prairie Center St. Charles St Charles · 5.42%
- The Crossings at St Charles St Charles · 3.77%
- Shannon Court Streamwood · 4.11%
- Evergreen Place Streator Streator · 5.8%
- Chelsea Senior Commons Traditional Rs Sugar Grove · 4.99%
- Jefferson Square Apartments Sullivan · 4.25%
- Jewel at Whispering Oaks Swansea · 3.45%
- Villas at Crystal Lake Swansea · 2.95%
- Brementowne Manor Tinley Park · 3.97%
- Amber Pointe Apartments Urbana · 3.55%
- Bissel Apartments Venice · 2.41%
- Victory Centre of Vernon Hills Senior Apartments Vernon Hills · 3.9%
- Param Apartments Villa Park · 2.75%
- Warrenville Horizon Senior Living Community Warrenville · 4.17%
- Leisure Acres Washington · 3.1%
- Riverwoods Apartments West Chicago · 2.3%
- Towne & Country West Chicago · 2.2%
- Marian Park Apartments Wheaton · 2.82%
- Mallard Lake Apartments Wheeling · 2.87%
- Wheeling Town Center Wheeling · 2.88%
- Odd Fellow Heritage Apts Williamsville · 5.125%
- Shore Line Place Wilmette · 4.55%
- Wood River Elderly Wood River · 4.65%
- Walden Oaks Woodstock · 6.05%
- Woodstock Terrace Apts Woodstock · 2.52%
Source: HUD, Insured Multifamily Mortgages, active file, current as of September 30, 2026. Apartment loans only; nursing homes, assisted living and hospitals in the same file are not counted.
Own or buying in this state?
Send the property to the Janover Capital desk for a read on assumption, 223(a)(7) or a new HUD loan.