Homes for sale under $200k in Chicago, IL

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$200,000

3 beds2.5 baths1,850 sq ft

5000 S Cornell Ave Unit 3A, Chicago, IL 60615

Master suites • Decorative fireplace • Largest floor plan

ABOUT THIS HOME
Homes for sale under $200k in Chicago, IL
This home is priced to sell! Don't miss the opportunity to own a classic brick bungalow with great curb appeal, located on a peaceful, established block. It features: 3 spacious bedrooms and 1.5 baths, a bonus room perfect for a 4th bedroom, office or study, finished basement, 2-car garage and unfinished attic waiting for your personal touch. Convenient access to public transportation, shopping, and schools. It's priced to sell and offers a tremendous value for the right buyer with a little sweat equity. Bring your vision and make this home shine again!

$200,000

4 beds1.5 baths1,074 sq ft

9417 S Racine Ave, Chicago, IL 60620

Brick bungalow • Bonus room • Finished basement

ABOUT THIS HOME
Homes for sale under $200k in Chicago, IL
Attention Savvy Investors & Visionary Homebuyers! Rehabbed started in 2025, Ready for Your Final Touches: Step into this partially renovated 2-unit frame building, with 3 Bedrooms 1 Bath on each floor, with Huge Living rooms, formal Dining with Hardwood floors and a basement that can be duplex up to the first floor offering the perfect canvas to complete your dream investment or start your journey toward homeownership. All units come with hardwood floor throughout. Major updates have already been completed in 2025, saving you time and money now it just needs your finishing vision to bring it to life. Dual Income or Live-In Potential: Whether you're an investor looking for strong ren

$200,000

7 beds3 baths— sq ft

9338 S Marquette Ave, Chicago, IL 60617

Duplex up • Hardwood floors • 3,125 sq ft lot

ABOUT THIS HOME
Homes for sale under $200k in Chicago, IL
2-FLAT ON A QUIET BLOCK WITH REAR PARKING PAD. LARGE ATTIC AND BASEMENT FOR FUTURE USE. INDIVIDUAL HEATING AND HOT WATER. FIRST FLOOR 2 BEDROOM APARTMENT IS VACANT FOR OWNER IMMEDIATE OWNER OCCUPANCY. VIRTUAL TOUR OF UNIT 2 AVAILABLE. FHA AND VA WELCOME!

$200,000

5 beds2 baths— sq ft

10734 S Prairie Ave, Chicago, IL 60628

Individual heating • Rear parking pad • Large basement

ABOUT THIS HOME
Homes for sale under $200k in Chicago, IL
Fantastic opportunity to finish out this 2-unit building on a large, fenced city lot. The 2nd level unit is fully finished and features 3 oversized bedrooms, a open kitchen and open living room. The main level unit is down to the studs and awaits your finishing touches. The full basement is unfinished as well. Lots of parking in the concrete pad in the back or the street in front of the building. Conveniently located near food, shopping, schools and the highway.

$200,000

6 beds2 baths— sq ft

7124 S Ellis Ave, Chicago, IL 60619

Open living room • Unfinished basement • Lots of parking

Property at 608 W 95th St, Chicago, IL 60628, 4 beds, 2.5 baths

$200,000

4 beds2.5 baths1,476 sq ft

608 W 95th St, Chicago, IL 60628

Property at 8118 S Spaulding St, Chicago, IL 60652, 4 beds, 2 baths

$200,000

4 beds2 baths914 sq ft

8118 S Spaulding St, Chicago, IL 60652

Property at 9737 S Calumet Ave, Chicago, IL 60628, 5 beds, 4 baths

$200,000

5 beds4 baths3,197 sq ft

9737 S Calumet Ave, Chicago, IL 60628

Property at 6620 S Rhodes Ave, Chicago, IL 60637, 6 beds, 2 baths

$200,000

6 beds2 baths— sq ft

6620 S Rhodes Ave, Chicago, IL 60637

Property at 300 N State St #4629, Chicago, IL 60654, 1 bed, 1 bath

$200,000

1 bed1 bath725 sq ft

300 N State St #4629, Chicago, IL 60654

Property at 6528 S University Ave Unit 3N, Chicago, IL 60615, 3 beds, 2 baths

$200,000

3 beds2 baths1,200 sq ft

6528 S University Ave Unit 3N, Chicago, IL 60615

Property at 5316 S Kenneth Ave #101, Chicago, IL 60632, 3 beds, 3 baths

$200,000

3 beds3 baths2,400 sq ft

5316 S Kenneth Ave #101, Chicago, IL 60632

Property at 4534 N Cumberland Ave #101, Chicago, IL 60656, 1 bed, 1 bath

$200,000

1 bed1 bath902 sq ft

4534 N Cumberland Ave #101, Chicago, IL 60656

Property at 6221 S Campbell Ave, Chicago, IL 60629, 5 beds, 3 baths

$200,000

5 beds3 baths— sq ft

6221 S Campbell Ave, Chicago, IL 60629

Property at 1008 W 115th St, Chicago, IL 60643, 3 beds, 1.5 baths

$200,000

3 beds1.5 baths1,002 sq ft

1008 W 115th St, Chicago, IL 60643

Property at 6815 S Green St, Chicago, IL 60621, 5 beds, 2 baths

$200,000

5 beds2 baths— sq ft

6815 S Green St, Chicago, IL 60621

Property at 4144 N Sheridan Rd #409, Chicago, IL 60613, 1 bed, 1 bath

$200,000

1 bed1 bath650 sq ft

4144 N Sheridan Rd #409, Chicago, IL 60613

Property at 3707 N Kenneth Ave #216, Chicago, IL 60641, 2 beds, 1 bath

$200,000

2 beds1 bath800 sq ft

3707 N Kenneth Ave #216, Chicago, IL 60641

Property at 5757 N Sheridan Rd Unit 18J, Chicago, IL 60660, 2 beds, 2 baths

$199,999

2 beds2 baths1,250 sq ft

5757 N Sheridan Rd Unit 18J, Chicago, IL 60660

Property at 7535 S Vernon Ave, Chicago, IL 60619, 4 beds, 2 baths

$199,999

4 beds2 baths1,969 sq ft

7535 S Vernon Ave, Chicago, IL 60619

Property at 315 E 87th St, Chicago, IL 60619, 4 beds, 2 baths

$199,999

4 beds2 baths1,104 sq ft

315 E 87th St, Chicago, IL 60619

Property at 745 S Independence Blvd Unit 3N, Chicago, IL 60624, 2 beds, 1 bath

$199,999

2 beds1 bath1,500 sq ft

745 S Independence Blvd Unit 3N, Chicago, IL 60624

Property at 3600 W 16th St, Chicago, IL 60623

$199,999

— beds— baths4,625 sq ft

3600 W 16th St, Chicago, IL 60623

Property at 420 W 65th Pl, Chicago, IL 60621, 4 beds, 2 baths

$199,999

4 beds2 baths— sq ft

420 W 65th Pl, Chicago, IL 60621

Property at 6938 S Halsted St, Chicago, IL 60621

$199,998

— beds— baths— sq ft

6938 S Halsted St, Chicago, IL 60621

Property at 1729 E 67th St Unit 2E, Chicago, IL 60649, 2 beds, 1.5 baths

$199,995

2 beds1.5 baths1,250 sq ft

1729 E 67th St Unit 2E, Chicago, IL 60649

Property at 7356 S Champlain Ave, Chicago, IL 60619, 5 beds, 2 baths

$199,900

5 beds2 baths— sq ft

7356 S Champlain Ave, Chicago, IL 60619

Property at 6617 S Vernon Ave, Chicago, IL 60637, 4 beds, 2 baths

$199,900

4 beds2 baths— sq ft

6617 S Vernon Ave, Chicago, IL 60637

Property at 6401 W 64th Pl Unit 2W, Chicago, IL 60638, 2 beds, 2 baths

$199,900

2 beds2 baths900 sq ft

6401 W 64th Pl Unit 2W, Chicago, IL 60638

Property at 5950 N Kenmore Ave #306, Chicago, IL 60660, 1 bed, 1 bath

$199,900

1 bed1 bath— sq ft

5950 N Kenmore Ave #306, Chicago, IL 60660

Property at 3930 N Pine Grove Ave #1109, Chicago, IL 60613, 1 bed, 1 bath

$199,900

1 bed1 bath700 sq ft

3930 N Pine Grove Ave #1109, Chicago, IL 60613

Property at 238 W 31st St Unit 4W, Chicago, IL 60616, 3 beds, 1 bath

$199,900

3 beds1 bath1,000 sq ft

238 W 31st St Unit 4W, Chicago, IL 60616

Property at 2155 N Harlem Ave #308, Chicago, IL 60707, 2 beds, 1 bath

$199,900

2 beds1 bath1,000 sq ft

2155 N Harlem Ave #308, Chicago, IL 60707

Property at 9018 S Ridgeland Ave, Chicago, IL 60617, 3 beds, 1 bath

$199,900

3 beds1 bath1,137 sq ft

9018 S Ridgeland Ave, Chicago, IL 60617

Property at 6227 S May St, Chicago, IL 60621, 6 beds, 3 baths

$199,900

6 beds3 baths— sq ft

6227 S May St, Chicago, IL 60621

Property at 27 E 117th Pl, Chicago, IL 60628, 5 beds, 2 baths

$199,900

5 beds2 baths1,896 sq ft

27 E 117th Pl, Chicago, IL 60628

Property at 10841 S Vernon Ave, Chicago, IL 60628, 4 beds, 2 baths

$199,900

4 beds2 baths1,000 sq ft

10841 S Vernon Ave, Chicago, IL 60628

Property at 3707 W Cullom Ave #1, Chicago, IL 60618, 2 beds, 1 bath

$199,900

2 beds1 bath— sq ft

3707 W Cullom Ave #1, Chicago, IL 60618

Property at 3516 W Polk St, Chicago, IL 60624, 4 beds, 2 baths

$199,900

4 beds2 baths— sq ft

3516 W Polk St, Chicago, IL 60624

Property at 1831 S Avers Ave, Chicago, IL 60623, 6 beds, 2 baths

$199,900

6 beds2 baths2,748 sq ft

1831 S Avers Ave, Chicago, IL 60623

Property at 2050 W 52nd St, Chicago, IL 60609, 2 beds, 1 bath

$199,900

2 beds1 bath1,344 sq ft

2050 W 52nd St, Chicago, IL 60609

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Based on information submitted to the MLS GRID as of Thu Dec 25 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Homes for sale under $200k in Chicago

There are currently 1110 homes for sale under $200k in Chicago. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in Chicago stay on the market for 64 days and receive 3 offers. Popular neighborhoods include Lincoln Park, Lake View, Bucktown, Beverly, Bronzeville, South Loop, Logan Square, Wicker Park, West Loop, and Hyde Park. This map is refreshed with the newest listings in Chicago every 15 minutes.

In the past month, 1582 homes have been sold in Chicago. In addition to houses in Chicago, there were also 3870 condos, 275 townhouses, and 1508 multi-family units for sale in Chicago last month. Chicago is a fairly walkable city in Cook County with a Walk Score of 77. Chicago is home to approximately 2,691,070 people and 1,261,210 jobs. Find your dream home in Chicago using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in Chicago are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in Chicago. Our Chicago real estate stats and trends will give you more information about home buying and selling trends in Chicago. If you're looking to sell your home in the Chicago area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in Chicago with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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Homes for sale under $200k in Chicago, IL

Homes for sale under $200k in Chicago

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