Homes for sale under $500k in Chicago, IL

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

Homes for sale under $500k in Chicago, IL

Step into timeless elegance reimagined for today's living. This fully renovated 4-bedroom, 3-bath residence blends classic Bronzeville charm with modern sophistication-featuring quartz counters, white shaker cabinets, and original hardwood floors throughout. Enjoy a gas/wood-burning fireplace, clawfoot soaking tub, and a modern rain shower. The bay window floods the living room with natural light, while a private gated parking space adds everyday convenience. Just minutes from Hyde Park and the Bronzeville corridor's restaurants, cafes, and lakefront. Own a piece of the city's renaissance at 422 E 48th.

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

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