South Austin Homes under $500,000

Welcome to South Austin, a vibrant neighborhood nestled in the heart of Chicago, Illinois. Known for its rich history and diverse community, South Austin offers a unique blend of urban living and suburban charm. With tree-lined streets and a mix of architectural styles, this area is perfect for those seeking affordable homes without sacrificing convenience or character.

One of the most appealing aspects of South Austin is the affordability of its real estate market. With homes available under $500,000, this neighborhood presents an excellent opportunity for first-time buyers, families, and investors alike. You’ll find a variety of options, from cozy single-family homes to more spacious multi-family units, all designed to meet the needs of a modern lifestyle.

South Austin is not just about homes; it’s also about community. The neighborhood boasts a strong sense of camaraderie, with local events and gatherings that bring residents together. Enjoy a stroll through nearby parks, where children can play and families can relax, or explore the local shops and eateries that add to the area’s charm.

Conveniently located near public transportation and major highways, South Austin provides easy access to downtown Chicago and beyond. Whether you’re commuting for work or enjoying a night out in the city, you’ll appreciate the balance of urban excitement and suburban tranquility that this neighborhood offers.

Discover your dream home in South Austin, where affordability meets community, and make this welcoming neighborhood your new haven!

Newest South Austin Homes under $500,000

$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

$170,000

4 Beds ⋅ 1 Baths ⋅ 12793073 MLS ⋅ NEW Status

*ENDLESS POSSIBILITIES AND ADDED VALUE* Bring your vision and creativity to this 4-bedroom, 1-bath home full of potential! Whether you're looking to renovate, customize, or invest, this property offers an opportunity to add value and make it your own. A newer furnace and A/C, both installed in 2024, are a great head start. The home needs work and is priced accordingly. Property to be conveyed **As-Is** Bring your ideas and unlock the possibilities! Situated on a great block, this is an opportunity you won't want to miss.

919 N Lorel Avenue, Chicago

$289,000

3 Beds ⋅ 2 Baths ⋅ 12793100 MLS ⋅ NEW Status

Discover this updated brick raised ranch in Chicago's historic Austin neighborhood, just minutes from Columbus Park! Located at 5439 W. Congress Parkway, this move-in-ready home offers the ideal combination of classic Chicago architecture, modern interior finishes, and two levels of versatile living space. The sun-filled main level features hardwood flooring, a spacious living room, two bedrooms, and an updated full bathroom. The refreshed kitchen showcases white cabinetry, contemporary countertops, stainless steel appliances, and an adjoining dining area. The finished lower level adds exceptional flexibility with a generous recreation room, a 3rd bedroom, a second bathroom, and a dedicated laundry and utility area. Whether you're entertaining, creating a home office, or simply looking for extra room to spread out, this layout delivers space and functionality beyond the main level. Outdoor living is equally inviting, with a covered rear deck overlooking the backyard, perfect for dining outdoors, relaxing, or hosting gatherings. A detached garage provides additional parking and storage. One of this home's standout advantages is its location near historic Columbus Park, a 140-acre National Historic Landmark designed by renowned landscape architect Jens Jensen. Enjoy access to scenic walking paths, a lagoon, golf, athletic facilities, and recreational spaces. Austin's rich architectural heritage, neighborhood parks, local businesses, and convenient connections to the Eisenhower Expressway and public transportation add to the appeal. If you're searching for an updated Chicago raised ranch with a finished basement, outdoor entertaining space, and convenient West Side access, 5439 W. Congress Parkway deserves a closer look. Schedule your private showing today!

5439 W Congress Parkway, Chicago

$259,900

4 Beds ⋅ 2 Baths ⋅ 12787359 MLS ⋅ NEW Status

Welcome home to this fantastic 4-bed, 2-bath brick bungalow with many recent updates throughout!! This home offers a large sun-filled living room with gleaming hardwood floors, a formal dining room, a stunning kitchen with shaker cabinets and quartz counters, fully updated and stylish bathrooms, spacious bedrooms, a finished basement and detached 2-car garage. Prime location just steps to Columbus Park and transportation. Sold as-is. No survey.

5418 W Flournoy Street, Chicago

$300,000

5 Beds ⋅ 3 Baths ⋅ 12790958 MLS ⋅ NEW Status

Brick 2-flat in Chicago's Austin neighborhood offering spacious living in both units, along with plenty of potential to make the property your own. The 1st-floor apartment features a living room, dining room, kitchen, 2 bedrooms, a full bathroom, and an enclosed porch. The 2nd-floor unit offers a living room, dining room, kitchen, 3 bedrooms, a full bathroom, and an enclosed porch. The mostly unfinished basement includes an additional full bathroom and awaits your ideas for future use. A nice-sized backyard and a detached 2-car garage complete the property. Conveniently located near shopping, public transportation, and everyday amenities. Cash or conventional financing only. No additional credits will be provided after contract acceptance. Confirmation of showing will only be for the first floor and basement. Please see pics of the second floor. Once a contract is submitted, the second floor and garage will be shown. Please do not lock the iron gate at the front of the property.

916 N Lavergne Avenue, Chicago

$249,900

5 Beds ⋅ 2 Baths ⋅ 12789808 MLS ⋅ NEW Status

Classic Chicago brick construction and impressive investment potential make this two-unit property a great opportunity for buyers ready to bring their vision to life. Offering 5 bedrooms and 2 bathrooms across both units, the home features spacious living rooms, separate dining areas, and eat-in kitchens with plenty of room for customization. Generous windows bring natural light into the living spaces, while enclosed rear porches add additional flexibility. A full unfinished basement provides valuable storage space, and the detached two-car garage adds everyday convenience. With its traditional character and spacious layout, this property offers exciting possibilities for renovation, rental income, or owner-occupied living. Conveniently located near neighborhood parks, schools, shopping, dining, public transportation, and major roadways with easy access throughout Chicago's West Side and surrounding communities.

5246 W Congress Parkway, Chicago

$215,000

3 Beds ⋅ 1 Baths ⋅ 12792911 MLS ⋅ NEW Status

Discover the potential of this 3-bedroom, 1-bathroom bungalow in Chicago's Austin neighborhood. Featuring a spacious layout, generous closet space, unfinished basement, and 2-car garage. This property offers huge potential for investors, rehabbers, and handy buyers looking to add value and make it their own. Bring your vision and transform this home into a great investment or personal residence. Sold As-Is.

5500 W Haddon Avenue, Chicago

$279,900

5 Beds ⋅ 2 Baths ⋅ 12791482 MLS ⋅ NEW Status

Excellent Investment Opportunity in Chicago's Austin Neighborhood! Welcome to this well-maintained two-unit property located on a desirable block in Chicago's Austin neighborhood, near Oak Park. Both units offer generous living space, present well, and are currently occupied by tenants. Each unit features an eat-in kitchen and a full bathroom, while the second-floor unit includes three bedrooms. The exterior offers a spacious backyard and a concrete parking pad with room for multiple vehicles. The full basement requires renovation but provides an excellent opportunity to add value and customize the space to suit your needs. Whether you're an investor looking to grow your rental portfolio or an owner-occupant seeking a property with future potential, this two-flat presents a variety of possibilities. Enjoy a neighborhood setting with a suburban feel while remaining in the heart of Chicago, conveniently located near Oak Park and local amenities.

329 N Long Avenue, Chicago

$495,000

8 Beds ⋅ 3 Baths ⋅ 12791759 MLS ⋅ NEW Status

Turnkey investment opportunity! 3-unit building with extra-large apartments. 1st & 2nd floor units have hardwood floors. 2nd floor unit has washer & dryer hook-up. All units have separate utilities. Close to I-290 & Metra station. Units are currently rented MTM.

5139 W Washington Boulevard, Chicago

$165,000

3 Beds ⋅ 2 Baths ⋅ 12789704 MLS ⋅ RE-ACTIVATED Status

3 BR/1.5-bathroom single family home. Open floor plan. Deck off of rear. Large 3 car concrete pad for exterior parking spaces in the rear of property.

911 N Lawler Avenue, Chicago

$419,900

6 Beds ⋅ 3 Baths ⋅ 12790948 MLS ⋅ NEW Status

Discover the possibilities at 5539 W Adams Street in Chicago's Austin neighborhood! This brick two-unit property offers a unique opportunity for investors and owner-occupants alike, featuring two spacious apartments plus a beautifully updated garden-level living space. Each level offers two bedrooms and one bathroom, providing flexible living arrangements and income potential. The first-floor apartment features modern updates, while the finished garden level showcases contemporary finishes, updated flooring, a stylish kitchen with stainless steel appliances, and comfortable living areas. The second-floor apartment is occupied by a long-term tenant and retains its original vintage finishes and presents a tremendous renovation opportunity for a buyer ready to bring their vision to life and add equity over time. With modernization throughout, the second floor offers the potential to complement the property's already updated spaces. Additional highlights include three separate furnaces for each living level, a roof replaced in 2020, and a detached garage. The property is being offered in its current condition, allowing the next owner to determine the improvements that best suit their goals. Whether you're looking to expand your investment portfolio, explore owner-occupancy opportunities, or invest in a property with room for future improvements, 5539 W Adams offers an exciting combination of existing updates and untapped potential. Schedule your showing and explore the possibilities!

5539 W Adams Street, Chicago

$420,000

7 Beds ⋅ 3 Baths ⋅ 12791173 MLS ⋅ NEW Status

Brick two flat offering a versatile opportunity for both owner occupants and investors looking to generate rental income in Chicago's Austin community. The first-floor unit features 2 bedrooms, while the second floor unit offers 3 bedrooms, with both showcasing spacious living and dining rooms, hardwood floors, and comfortable layouts. The finished basement provides additional living space with 2 additional rooms, a full updated bath, and laundry area. All three bathrooms have been updated with walk-in showers, complemented by refreshed flooring, modern fixtures, updated cabinetry, and appliances throughout. Major improvements include a brand-new roof completed May 2026, new drain tile and foundation water-protection system, select electrical updates, tuckpointing, and sidewalk improvements. Additional features include an enclosed rear porch, expansive backyard, brick 2-car garage, plus a carport providing parking for a third vehicle. Conveniently located with quick access to I-290 and nearby CTA bus and train options, this property combines space, updates, parking, and income-producing potential in one compelling package.Sold AS-IS

5037 W West End Avenue, Chicago

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South Austin Homes under $500,000

Newest South Austin Homes under $500,000

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