Most Affordable Homes for Sale in Chicago, IL Right Now
Last updated: July 23, 2025
Chicago has a median home sale price of $402K, a 4.4% increase from last year. Homes stay on the market for an average of 49 days and receive an average of 3 offers.
About this home
Great Investment Opportunity! Lowest priced 2 bedroom, 2 bathroom 4th floor unit in an elevator building. Condo is in need of work, but has a lot of potential. AC and Heat does not work. Great location, near shopping center, restaurants, schools, public transportation and Midway Airport. Being sold-is! Cash Only! Estate Sale.
About this home
Investor Special! This 3-bedroom, 1-bathroom home is a fire-damaged property in need of a full rehab-perfect for experienced investors or flippers looking for their next project. Room sizes are estimated and should be verified by the buyer. Property is being sold as-is. Great opportunity to bring this home back to life and add value in a growing area!
About this home
outstanding investment opportunity to invest in Historic West Pullman bring your vision to this huge 5 bed 2 bath home on a huge double lot Property sold AS-IS
About this home
Five bedroom home needs a full rehab. Great space with 2 bathrooms and a full, unfinished basement. Sold as is. No survey provided.
About this home
GREAT CONDITION 2 BEDROOM CONDO FOR SALE. THIS UNIT HAS UPDATED FLOOR, COUNTER TOP AND IS READY TO MOVE IN OR RENT OUT AND GET INCOME. CASH DEALS ONLY
About this home
Savvy Investors 1-bedroom condo, perfectly situated in Chicago's South Shore neighborhood. Just steps from Lake Michigan, Rainbow Beach, and Arthur Ashe Beach Park, and only minutes from Hyde Park and downtown - location doesn't get much better. Low maintenance, heat and water included, with on-site coin laundry and private storage. Whether you're buying your first home or expanding your investment portfolio, this property is move-in ready and rental-friendly. Great price. Great location. Great opportunity. Proof of funds required with all offers. Picture coming soon. Unit needs work, wall and floor repairs needed.
About this home
Investor special! This 3,750 sq ft lot offers a rare opportunity in Chicago's South Chicago neighborhood. The property currently includes a fire-damaged single-family home, making it ideal for a complete teardown and redevelopment. Zoned residential Located just minutes from Rainbow Beach, the lakefront, and a short drive to Hyde Park and the Museum of Science and Industry, this spot offers easy access to both natural beauty and cultural hubs. Public transit options and major roadways nearby make commuting straightforward. Whether you're aiming to build a new home or add to your investment portfolio, this affordable lot provides strong potential in a growing community.
About this home
5 bedroom 2 bath home set up for related living. Main floor has 3 bedrooms, dining room, 1 bath with a kitchen and the second floor has 2 bedrooms Livingroom , dining room , kitchen and bath . Repairs are needed but it will make someone with a larger family a great home once repairs are done. Property is being sold as-is. No survey provided.
About this home
Great potential! Property sold AS-IS/WHERE-IS, no survey delivered, taxes paid through 2024 1st installment - with no tax prorations/payments for the 2024 2nd installment or 2025 tax years or years thereafter. Seller's attorney drafted Seller rider is attached and is required to be signed by all parties.
About this home
Exciting opportunity! This brick and frame 1.5 story offers 2 bedrooms, 2 full baths and is waiting for the right owner to unlock its full potential and turn it into a stunning home. Conveniently located near shopping and transportation, this home is ideal for a first-time buyer ready to transform it into a fabulous living space or an investor looking to add to their rental portfolio
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