R. Kelly performs at at Arise Made In Africa Spring 2012 Designer Collective at Mercedes Benz NY Fashion Week Afterparty at Jumeirah Essex House on Sept. 15, 2011 in New York City

*R. Kelly has placed his Chicago home on the market after he was threatened with foreclosure.

The R&B crooner faced losing the property in June after defaulting on his mortgage with JPMorgan Chase Bank. They claimed Kelly had stopped making monthly payments on the suburban property in the summer of 2010, prompting them to take action.

Kelly has now decided to sell off the gated home and has placed it on the market for just under $1.6 million, according to the Chicago Tribune.

The house is just one financial problem facing the singer. Earlier this year, he was hit with a tax lien for $837,000.