Homes for sale under $500k in Chicago, IL

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READY TO BUILDVIDEO TOUR

ABOUT THIS HOME
Homes for sale under $500k in Chicago, IL
Experience sophisticated urban living like never before at The Reed, a brand-new luxury riverfront development in Chicago's Southbank neighborhood. Designed for exceptional lifestyles - this sustainable development by Lendlease, designed by Perkins + Will, offers first class amenities, sleek industrial-led design, direct Riverwalk and park access and stunning views. Thoughtfully curated, premier amenities with a focus on wellness include a dedicated fitness club with outdoor terrace, strength and motion studios, weekly fitness classes, massage room, salon, interactive sports simulator and media room. Additional private amenities that are the definition of next-level living include serene co

$500,000

1 bed1.5 baths740 sq ft

'06 Tier Plan, Tt03jl Chicago, IL 60607

Co-working spaces • Outdoor terrace • Media room

Listing provided by Zillow

$500,000

4 beds3 baths— sq ft

2948 N Narragansett Ave, Chicago, IL 60634

Fully updated • Newer kitchens • Outdoor deck space

ABOUT THIS HOME
Homes for sale under $500k in Chicago, IL
This five-unit mixed-use property is ideally positioned in a high-traffic Chicago corridor surrounded by established local businesses, new developments, and strong neighborhood foot traffic. The building features four well-maintained commercial storefronts with excellent street visibility and signage exposure, plus one spacious residential apartment that provides stable supplemental income. Its prime location ensures consistent tenant demand and minimal vacancy. The area continues to see economic growth and revitalization, driving appreciation potential. With individually metered units, low operating costs, and upside in rental income, this property offers investors a rare opportunity to ow

$500,000

— beds— baths4,100 sq ft

13257 S Baltimore Ave, Chicago, IL 60633

Street visibility • Signage exposure • Mixed-use property

ABOUT THIS HOME
Homes for sale under $500k in Chicago, IL
Welcome to this bright and spacious south- and west-facing corner unit in the heart of desirable River North! This beautiful 2 bed / 2 bath unit was just freshly painted throughout and includes one garage spot. Even better-your brand-new HVAC system and thermostat were installed on October 30, 2025, offering peace of mind for years to come. The unit is flooded with natural light thanks to the over-sized windows (with Venetian blinds) to the south and west. Enjoy hardwood floors, in-unit laundry, a private balcony, and an open-concept living/dining area perfect for entertaining. The kitchen features granite countertops, a large breakfast bar, and excellent cabinet storage. Step out onto the

$500,000

2 beds2 baths1,350 sq ft

400 W Ontario St #907, Chicago, IL 60654

Fitness center • Private balcony • Huge walk in closet

ABOUT THIS HOME
Homes for sale under $500k in Chicago, IL
Own a Rare Piece of Chicago History Don't miss this incredible opportunity to restore a true architectural gem. This massive Romanesque Revival Greystone, built circa 1890 by renowned architect Charles Weary, sits on an extra-wide 35' x 125' lot in red-hot East Garfield Park. Rich in character and potential, this rarely available historic mansion offers the perfect canvas for your vision. Originally constructed as a grand single-family residence, the home retains its classification, but with generous square footage and highly desirable RM-5 zoning, it also presents a prime investment opportunity. This is a full gut-rehab project, ideal for seasoned developers or passionate preservationists

$500,000

5 beds2 baths3,248 sq ft

3328 W Warren Blvd, Chicago, IL 60624

Extra-wide lot • Rm-5 zoning • Historic mansion

Property at 5154 S Halsted St, Chicago, IL 60609

$500,000

— beds— baths— sq ft

5154 S Halsted St, Chicago, IL 60609

Property at Sign in for address, Chicago, IL 60649, 17 beds, 6 baths

$500,000

17 beds6 baths— sq ft

Property at 9733 S Springfield Ave, Evergreen Park, IL 60805, 4 beds, 3 baths

$500,000

4 beds3 baths3,135 sq ft

9733 S Springfield Ave, Evergreen Park, IL 60805

Property at 442 E 48th St Unit 1E, Chicago, IL 60615, 4 beds, 3 baths

$500,000

4 beds3 baths1,873 sq ft

442 E 48th St Unit 1E, Chicago, IL 60615

Property at 1355 N Western Ave Unit 3D, Chicago, IL 60622, 2 beds, 2 baths

$500,000

2 beds2 baths— sq ft

1355 N Western Ave Unit 3D, Chicago, IL 60622

Property at 5010 Harold Ave, Schiller Park, IL 60176, 7 beds, 3 baths

$499,999

7 beds3 baths— sq ft

5010 Harold Ave, Schiller Park, IL 60176

Property at 2701 W 24th Pl, Chicago, IL 60608, 8 beds, 3 baths

$499,999

8 beds3 baths— sq ft

2701 W 24th Pl, Chicago, IL 60608

Property at 8017 S Kostner Ave, Chicago, IL 60652, 4 beds, 2 baths

$499,999

4 beds2 baths2,310 sq ft

8017 S Kostner Ave, Chicago, IL 60652

Property at 535-37 W 111th St, Chicago, IL 60628

$499,999

— beds— baths— sq ft

535-37 W 111th St, Chicago, IL 60628

Property at 474 N Lake Shore Dr #6102, Chicago, IL 60611, 2 beds, 2 baths

$499,999

2 beds2 baths1,395 sq ft

474 N Lake Shore Dr #6102, Chicago, IL 60611

Property at 1529 S State St Ph 1, Chicago, IL 60605, 2 beds, 2 baths

$499,998

2 beds2 baths1,417 sq ft

1529 S State St Ph 1, Chicago, IL 60605

Property at 2753 W Adams St, Chicago, IL 60612, 4 beds, 2 baths

$499,900

4 beds2 baths1,569 sq ft

2753 W Adams St, Chicago, IL 60612

Property at 902 S Claremont Ave, Chicago, IL 60612, 3 beds, 3 baths

$499,900

3 beds3 baths— sq ft

902 S Claremont Ave, Chicago, IL 60612

Property at 8103 S Clyde Ave, Chicago, IL 60617, 12 beds, 12 baths

$499,900

12 beds12 baths— sq ft

8103 S Clyde Ave, Chicago, IL 60617

Property at 400 E Randolph St #3715, Chicago, IL 60601, 1 bed, 1 bath

$499,900

1 bed1 bath825 sq ft

400 E Randolph St #3715, Chicago, IL 60601

Property at 234 W Polk St #2608, Chicago, IL 60607, 1 bed, 1 bath

$499,900

1 bed1 bath935 sq ft

234 W Polk St #2608, Chicago, IL 60607

Property at 2963 S Archer Ave, Chicago, IL 60608

$499,900

— beds— baths2,640 sq ft

2963 S Archer Ave, Chicago, IL 60608

Property at Sign in for address, Chicago, IL 60649, 11 beds, 7 baths

$499,900

11 beds7 baths— sq ft

Property at 9400 S Charles St, Chicago, IL 60643, 5 beds, 3 baths

$499,900

5 beds3 baths2,700 sq ft

9400 S Charles St, Chicago, IL 60643

Property at 6442 S Ingleside Ave, Chicago, IL 60637, 4 beds, 3.5 baths

$499,900

4 beds3.5 baths2,646 sq ft

6442 S Ingleside Ave, Chicago, IL 60637

Property at 4316 S Michigan Ave Unit 1N, Chicago, IL 60653, 4 beds, 2.5 baths

$499,900

4 beds2.5 baths2,800 sq ft

4316 S Michigan Ave Unit 1N, Chicago, IL 60653

Property at 5056 N Mont Clare Ave, Chicago, IL 60656, 4 beds, 2 baths

$499,900

4 beds2 baths2,148 sq ft

5056 N Mont Clare Ave, Chicago, IL 60656

Property at 430 E 46th St, Chicago, IL 60653, 5 beds, 3.5 baths

$499,900

5 beds3.5 baths2,500 sq ft

430 E 46th St, Chicago, IL 60653

Property at 5005 N Avers Ave, Chicago, IL 60625, 3 beds, 2 baths

$499,900

3 beds2 baths979 sq ft

5005 N Avers Ave, Chicago, IL 60625

Property at 6057 W Melrose St, Chicago, IL 60634, 4 beds, 2.5 baths

$499,900

4 beds2.5 baths2,700 sq ft

6057 W Melrose St, Chicago, IL 60634

Property at 3233 S Morgan St, Chicago, IL 60608, 4 beds, 4 baths

$499,500

4 beds4 baths— sq ft

3233 S Morgan St, Chicago, IL 60608

Property at 2636 W Evergreen Ave #2, Chicago, IL 60622, 2 beds, 2 baths

$499,500

2 beds2 baths1,300 sq ft

2636 W Evergreen Ave #2, Chicago, IL 60622

Property at 209 S Albany Ave, Chicago, IL 60612, 7 beds, 2 baths

$499,222

7 beds2 baths— sq ft

209 S Albany Ave, Chicago, IL 60612

Property at 3307 N Nottingham Ave, Chicago, IL 60634, 4 beds, 3 baths

$499,000

4 beds3 baths1,450 sq ft

3307 N Nottingham Ave, Chicago, IL 60634

Property at 1920 N Springfield Ave Unit 1S, Chicago, IL 60647, 4 beds, 3 baths

$499,000

4 beds3 baths2,600 sq ft

1920 N Springfield Ave Unit 1S, Chicago, IL 60647

Property at 3645 S Wood St, Chicago, IL 60609, 5 beds, 4 baths

$499,000

5 beds4 baths— sq ft

3645 S Wood St, Chicago, IL 60609

Property at 100 E 14th St #1502, Chicago, IL 60605, 2 beds, 2 baths

$499,000

2 beds2 baths1,358 sq ft

100 E 14th St #1502, Chicago, IL 60605

Property at 57 E Delaware Pl #3504, Chicago, IL 60611, 1 bed, 1.5 baths

$499,000

1 bed1.5 baths1,045 sq ft

57 E Delaware Pl #3504, Chicago, IL 60611

Property at Sign in for address, Chicago, IL 60646, 4 beds, 1.5 baths

$499,000

4 beds1.5 baths1,490 sq ft

Property at 659 W Randolph St #1720, Chicago, IL 60661, 2 beds, 2 baths

$499,000

2 beds2 baths1,206 sq ft

659 W Randolph St #1720, Chicago, IL 60661

Property at 7018 S Dorchester Ave, Chicago, IL 60637, 9 beds, 3 baths

$499,000

9 beds3 baths— sq ft

7018 S Dorchester Ave, Chicago, IL 60637

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Based on information submitted to the MLS GRID as of Sun Jan 04 2026. 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 $500k in Chicago

There are currently 2979 homes for sale under $500k 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 75 days and receive 2 offers. Popular neighborhoods include Lincoln Park, Lake View, Bucktown, Beverly, Gold Coast, 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, 1859 homes have been sold in Chicago. In addition to houses in Chicago, there were also 3208 condos, 233 townhouses, and 1372 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 $500k in Chicago, IL

Homes for sale under $500k in Chicago

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