While this home is no longer on the market, there are several others in that price range. Are you looking to live in the house or buy it as an investment? As an owner occupant, many of these properties will give you preferential treatment.
No, it was for sale as a short sale, but it is now off the market. These is a "lis pendens" recorded on 4/27/10, so I would imagine it's going through foreclosure. However, it is not on the published scheduled Sheriff's sale list in DuPage County. Unless the homeowner has redeemed the property, I would expect it will eventually be foreclosed on and end up for sale again some time next year.