Chicago Homes under $500,000

Chicago Homes under $500,000

Welcome to Chicago, the vibrant heart of Illinois and the cultural epicenter of the Midwest! Nestled in Cook County, this dynamic city is renowned for its stunning skyline, rich history, and diverse neighborhoods. From the iconic architecture of the Willis Tower to the serene beauty of Lake Michigan, Chicago offers a unique blend of urban excitement and natural charm.

For those looking to plant roots in this bustling metropolis without breaking the bank, there’s great news! Chicago features a variety of homes available for under $500,000, making it an attractive option for first-time buyers, young professionals, and families alike. Whether you’re searching for a cozy bungalow in the historic neighborhoods of Hyde Park or a chic condo in the trendy West Loop, you’ll find that Chicago’s real estate market is as diverse as its residents.

Imagine enjoying the vibrant arts scene, indulging in world-class dining, or taking leisurely strolls through picturesque parks, all while living in a home that fits your budget. With a plethora of options, you can find a residence that reflects your style and meets your needs.

Chicago is not just a place to live; it’s a lifestyle filled with opportunities for adventure and connection. With homes under $500,000, you can embrace all that this magnificent city has to offer without compromising on comfort or convenience. Explore the possibilities today and discover your dream home in the Windy City!

Newest Chicago Homes under $500,000

2152 E 100Th Street, Chicago
$68,000
2 Beds ⋅ 1 Baths ⋅ 12793877 MLS ⋅ NEW Status
Excellent opportunity for rehabbers and investors looking for a spacious and affordable townhouse located in the Jeffrey Manor neighborhood. This 2-story townhouse has a large living room, nice eat-in kitchen, 2 bedrooms, 1 bathroom and a finished basement. Located close to Lake Michigan, South Shore commerce, schools, and parks. All room sizes are estimated. This property is being sold as-is where-is. Due to condition, the property may have health/safety risk(s). Prior to entry / access, all parties must sign a Hold Harmless Agreement and the property may only be shown by appointment"

2152 E 100Th Street, Chicago
4014 N Spaulding Avenue Unit #GDN, Chicago
$125,000
1 Beds ⋅ 1 Baths ⋅ 12793850 MLS ⋅ NEW Status
OWN IN THE CITY AT A GREAT LOW PRICE. PET FRIENDLY, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, CHERRY CABINETS, HARDWOOD FLOORS, IN-UNIT LAUNDRY! WALK TO IRVING PARK BUS, RESTRAUNTS, SHOPS AND MORE. TWO BLOCKS FROM BEAUTIFUL HORNER PARK WITH A GREAT DOG RUN.

4014 N Spaulding Avenue Unit #GDN, Chicago
7943 S Wood Street, Chicago
$465,000
10 Beds ⋅ 4 Baths ⋅ 12793639 MLS ⋅ NEW Status
INVESTMENT POTENTIAL MEETS OPPORTUNITY! Discover the possibilities with this spacious multifamily property at 7943 S. Wood Street. An excellent opportunity for investors, owner-occupants, and buyers looking to build equity through renovation and value-added improvements. Several exterior updates have already been completed, including a silver-coated roof (2023), new garage rafters, silver-coated garage roof, replacement windows along the south side and rear of the property, tuckpointing (2022), new sidewalks (2022 and 2023), and yard improvements (2020). Bring your vision and explore the potential to customize, improve, and maximize this property's value. Buyers may wish to explore FHA 203(k) renovation financing. Whether you're looking to expand your investment portfolio or create a long-term homeownership opportunity, this property offers space, improvements, and potential worth exploring!

7943 S Wood Street, Chicago
3831 W Grenshaw Street, Chicago
$110,000
4 Beds ⋅ 2 Baths ⋅ 12793817 MLS ⋅ NEW Status
Attention experienced rehabbers and investors! This property presents an exceptional opportunity, though require some work. Buyers will be responsible for full property clean-out and any necessary repairs. The property is being sold strictly "as is,". All offers must include proof of funding and a pre-approval letter. All earnest money must be submitted in certified funds. Please note that the property details, including room count and lot size, are not guaranteed. The purchase options for this remarkable property are CASH, CONVENTIONAL, OR REHAB FINANCING ONLY. SCHEDULE YOUR APPOINTMENT TODAY!

3831 W Grenshaw Street, Chicago
122 N Long Avenue, Chicago
$329,900
4 Beds ⋅ 2 Baths ⋅ 12793783 MLS ⋅ NEW Status
Meticulously renovated 4-bedroom, 2-bath single-family home in the heart of Austin with super low property taxes! The sun-filled main level features an open living and dining combination with premium hardwood flooring, perfect for everyday use and entertaining. The updated kitchen boasts stainless steel appliances, attached breakfast nook, and overlooks the backyard. The second level offers four well-appointed bedrooms. There's a attic on the third level which can be used as ample storage space. The lower level includes a fully finished basement completed with ceramic tile which is great for entertaining and extra living space, laundry and a utility room with ample storage. Hardwood floors, crown molding, and Central A/C with furnaces throughout. The fully fenced backyard features tons of yard space used for storing vehicles etc. Conveniently located near public transportation, dining, and shopping.

122 N Long Avenue, Chicago
1419 E 68Th Street Unit #3, Chicago
$215,000
3 Beds ⋅ 2 Baths ⋅ 12793369 MLS ⋅ NEW Status
**WOW! DON'T MISS THIS SOUTH SIDE GEM MINUTES FROM THE OBAMA PRESIDENTIAL CENTER!** Must see in-person. Discover an incredible opportunity to own this spacious, move-in-ready 3-bedroom, 2-bath condo in a prime Chicago location! Step inside to warm hardwood floors, an inviting living room with a decorative fireplace and balcony access, and a dedicated dining area perfect for entertaining or pure relaxation. The updated kitchen shines with modern finishes and newer appliances, making everyday cooking a breeze. Unwind in your impressive primary suite, complete with its own private balcony, a nice-sized closet, rich hardwood flooring, and a stunningly renovated ensuite bathroom featuring double vanities and a deep soaking tub. Two additional light-filled bedrooms offer nice-sized closets and share a beautifully updated second bathroom. In-unit laundry, interior storage, and a newer furnace deliver everyday comfort and ease. Enjoy dual balcony spaces along with secure, gated parking which is optional at an additional cost. **Beautiful condo and UNBEATABLE LOCATION!** Enjoy being moments from the Obama Presidential Center, historic Jackson Park, the University of Chicago, lakefront beaches, dining, and public transit. **DON'T WAIT-SCHEDULE YOUR PRIVATE TOUR TODAY!**

1419 E 68Th Street Unit #3, Chicago
2651 W Greenleaf Avenue Unit #3W, Chicago
$325,000
3 Beds ⋅ 2 Baths ⋅ 12793708 MLS ⋅ NEW Status
Spacious and Bright West Ridge Top Floor home features 3 bedroom and 2 baths in a well maintained building with a brand new roof! Start planning your Fall Housewarming Party, as you will Love this Home! Located on quiet, tree lined street, you will love coming home to this sanctuary! For those who love to cook and/or entertain, the kitchen offers plenty of granite counter space, abundant cabinets and storage, including a pantry closet, as well as Stainless Steel appliances! By the way, the dishwasher as well as the full size front load washer & dryer are brand new! The spacious living room offers incredible bay windows to brighten your day, and plenty of room for a large sectional sofa as well as additional furniture - great for family gatherings or entertaining! The separate dining room is quite large and ideal for those meals or parties you share with others! From the dining room, sliding doors lead to your large, west facing, private Balcony (furniture included!) - which receives abundant afternoon light as the building on the corner next door is only two stories tall! All three generously sized bedrooms have ample closet space, including the primary bedroom suite with a full bath. Gorgeous oak hardwood floors & neutral paint throughout as well. Extra-long exterior parking space & large private storage room in basement included in price! Close to shopping, restaurants, Rogers Park Metra station, buses, Starbucks, Marianos & Indian Boundary Park. Pet and investor friendly building. Fantastic Location, Move-in Condition, Central AC, In-Unit Laundry, Parking Space included - what more could you ask for? Call to schedule your showing today!

2651 W Greenleaf Avenue Unit #3W, Chicago
no property photo
$259,000
3 Beds ⋅ 2 Baths ⋅ 12793713 MLS ⋅ NEW Status
Beautifully Renovated 3-Story Home with Spacious Living Areas! Welcome to this completely renovated home offering three stories of versatile living space. The second floor features two bedrooms, while the finished attic provides an additional family room. The main level includes a kitchen, a combined living and dining room, and a bedroom, along with a sunroom addition that offers extra space to relax and entertain. The basement adds even more living space, featuring an additional family room, two bedrooms, and a full bathroom. This home has undergone a complete gut rehabilitation, with extensive updates throughout, including insulation, new copper plumbing, new windows, new siding, and a complete exterior makeover. Enjoy year-round comfort with central heating and air conditioning. With multiple bedrooms, several family and entertaining areas, and extensive renovations throughout, this home offers exceptional space, flexibility, and modern comfort.

121 E 104Th Place, Chicago
5036 S La Crosse Avenue, Chicago
$283,000
3 Beds ⋅ 2 Baths ⋅ 12793591 MLS ⋅ NEW Status
Great Potential in Garfield Ridge! This solid brick home features 3 bedrooms, 1 full bathroom, and a full basement with the potential for an additional half bath. Abundant windows fill the home with natural light, while hardwood floors in the bedrooms add classic character. A 2-car garage provides convenient off-street parking. Located in a beautiful Garfield Ridge neighborhood, this home is conveniently situated near excellent schools, parks, restaurants, shopping, and Midway International Airport. The property needs work and is priced accordingly, offering an excellent opportunity for buyers looking to renovate, customize, and build equity. This home is being sold AS-IS. Bring your ideas and unlock this home's tremendous potential!

5036 S La Crosse Avenue, Chicago
no property photo
$299,900
2 Beds ⋅ 2 Baths ⋅ 12793680 MLS ⋅ NEW Status
BUILDING OFFERS A TWO BEDROOM APARTMENT, A GOOD SIZE BACK YARD A TWO CAR GARAGE. AND AN OFFICE FRONT. RECENT UPDATES INCLUDE A NEW BATHROOM, NEW KITCHEN, AND NEW APPLIANCES, AND NEW CARPETING. THE ROOF ON THE BUILDING WAS REPLACED IN 2014.

5650 W Grand Avenue, Chicago
655 W Irving Park Road Unit #702, Chicago
$325,000
2 Beds ⋅ 2 Baths ⋅ 12749993 MLS ⋅ NEW Status

655 W Irving Park Road Unit #702, Chicago
155 N Harbor Drive Unit #2505, Chicago
$325,500
1 Beds ⋅ 1 Baths ⋅ 12793656 MLS ⋅ NEW Status

155 N Harbor Drive Unit #2505, Chicago
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