Legal Question in Real Estate Law in Illinois

1. Where are you from?

2. What are you trying to accomplish?

3. What tax considerations are there?

4. Do you intend to ever occupy it, or just rent it out as an investment?

5. So many more questions need to be asked and answered before any help could be given.

That being said, US housing prices remain somewhat depressed compared to pre-2008, so there are still some decent 'bargains' depending on various factors. But absentee ownership is almost always a problem.