South Chicago Homes under $500,000

**Discover the Charm of South Chicago: Your Next Home Awaits!**

Nestled in the vibrant city of Chicago, South Chicago is a neighborhood that beautifully marries urban convenience with community charm. Known for its rich history and diverse culture, this area is an ideal place for families, young professionals, and anyone looking to enjoy the best of what the Windy City has to offer.

One of the most appealing aspects of South Chicago is its affordability. With a variety of homes available for under $500,000, this neighborhood provides an incredible opportunity for first-time buyers and those looking to invest in real estate. From cozy bungalows to well-maintained two-flats, you’ll find a range of options that cater to different tastes and lifestyles. Many of these homes feature classic Chicago architecture, complete with inviting porches and spacious backyards, perfect for family gatherings or quiet evenings under the stars.

South Chicago is not just about homes; it’s about community. The neighborhood boasts a strong sense of belonging, with local parks, schools, and community centers that foster connections among residents. Enjoy weekend strolls along the lakefront or explore the nearby parks that offer recreational activities for all ages.

With easy access to public transportation and major highways, commuting to downtown Chicago or other parts of the city is a breeze. Embrace the opportunity to live in a neighborhood that offers both affordability and a vibrant community spirit. Discover your new home in South Chicago today—where comfort meets convenience!

Newest South Chicago Homes under $500,000

$259,000

4 Beds ⋅ 2 Baths ⋅ 12791012 MLS ⋅ NEW Status

Spacious Brick Tudor featuring 4 Bedrooms, 2 full Baths, eat-in Kitchen, large Living Room, full basement with laundry hook-ups, rear deck off kitchen with a really large yard. Garage accommodates 2 cars and has a party door with side car port for a total of 3 parking spaces at the rear. Near a park and half a block from a grammar school. *** HOME HAS AN ALARM ***

8312 S Phillips Avenue, Chicago

$379,900

4 Beds ⋅ 3 Baths ⋅ 12787997 MLS ⋅ ACTIVE Status

STUNNING FULLY GUT-REHABBED 5-BEDROOM, 3-BATH HOME WITH FINISHED WALKOUT BASEMENT! Welcome to 8648 S Phillips Avenue, where quality craftsmanship, modern design, and thoughtful attention to detail come together in this beautifully transformed residence. This extensive renovation was completed with architectural plans, permits, and inspections by the City of Chicago, offering buyers added confidence in the quality of the work. Step inside to discover a bright, open-concept interior featuring gorgeous light hardwood flooring, sophisticated custom millwork, elegant wainscoting, striking coffered ceilings, recessed lighting, and a beautiful staircase with natural wood accents and sleek black iron balusters. The showstopping designer kitchen features crisp white shaker cabinetry, quartz countertops, a beautiful oversized center island, stylish pendant lighting, subway tile backsplash, and contemporary fixtures. With five generously sized bedrooms and three beautifully appointed full bathrooms, this home offers exceptional flexibility for today's lifestyle. The bathrooms showcase designer tile selections, contemporary vanities, matte black fixtures, and beautifully finished showers. The expansive finished walkout basement provides an incredible extension of the living space, ideal for a family room, entertainment area, home office, fitness space, or guest accommodations. Enjoy the convenience of a separate exterior basement access, adding functionality to this versatile layout. The home's striking exterior combines classic Chicago brick architecture with a fresh white facade, contrasting dark trim, and oversized windows that flood the interior with natural light. A private backyard and detached garage complete the package. Conveniently located near neighborhood amenities, parks, shopping, public transportation, and major thoroughfares. This is not your typical cosmetic flip - this is an extensively renovated home designed for modern living. Move right in and enjoy!

8648 S Phillips Avenue, Chicago

$140,000

3 Beds ⋅ 1 Baths ⋅ 12787813 MLS ⋅ ACTIVE Status

Investors and First-Time Homebuyers - Don't Miss This Opportunity! Discover the potential in this charming 3-bedroom, 1-bath bungalow with room to make it your own and build equity. Explore the possibilities of finishing the attic and basement to create additional living space tailored to your needs. Enjoy a great outdoor space and a newer garage featuring a new electric door. Whether you're looking for your first home or your next investment, this property is full of possibilities. Schedule your showing today and envision the potential!

8621 S Marquette Avenue, Chicago

$279,900

7 Beds ⋅ 4 Baths ⋅ 12786702 MLS ⋅ ACTIVE Status

Spacious 2-unit brick building situated on an oversized double lot offering approximately 2,688 square feet of living space. This income-producing property features 7 bedrooms, 3.5 bathrooms, a detached garage, and an unfinished basement with additional storage and future potential. The first-floor unit has been updated with a renovated kitchen, remodeled full and half bathrooms, new flooring, fresh paint, and updated trim. The second-floor unit has been fully updated with modern finishes, including an updated kitchen, remodeled bathrooms, and refreshed flooring throughout, offering flexible space for an owner-occupant or investor. One unit is currently tenant occupied, providing immediate rental income. The oversized double lot provides added outdoor space and long-term value, while the detached garage offers convenient off-street parking. Conveniently located near schools, parks, shopping, public transportation, and major expressways. Property is being sold As-Is. Buyers are encouraged to conduct their own due diligence and verify all room counts, dimensions, zoning, and intended use.

8518 S Muskegon Avenue, Chicago

$219,900

3 Beds ⋅ 2 Baths ⋅ 12786935 MLS ⋅ RE-ACTIVATED Status

Back on the market and available for showings! Welcome to your Beautiful Home Located in the vibrant community of South Chicago rich with history and character. Walk into this meticulously renovated 5-bedroom, 2-full bath, 1-bonus room on the first floor, open spacious living-dining, completely remodeled Kitchen with all new cabinetry and countertops, complemented with all new flooring, new roof/ siding, new windows, new electrical, new plumbing, new fixtures, new appliances...NEW, NEW, NEW. The NEW continues with all new bathrooms with beautiful finishes. Bedroom sizes are spacious. The finished basement with laundry hook up can be used as a family room or recreation area. Large fenced in back yard perfect for entertaining outdoors. Close to schools, shopping, and public transportation. Don't miss out on this opportunity schedule your showing. Property is being monitored with cameras and alarm system.

8613 S Colfax Avenue, Chicago

$499,000

9 Beds ⋅ 3 Baths ⋅ 12785454 MLS ⋅ ACTIVE Status

Stunning Jumbo Three Unit Building with Mid Century Architectural Charm. Fully Renovated in 2026 Three Spacious 3 Bedroom 1 bath Units. All 3 Units offer a Desirable Open Floor Plan with an Abundance of Natural Light. Each Unit Boasts Recessed Lighting,New Flooring, Trim,Doors and Windows thru-out.Kitchens have New White Shaker Cabnetry, Quartz Countertops & Stainless Steel Appliances. Separate Washer & Dryer Area in each Unit too! News also Include ; New Hvac with Central Air in Each Unit,New Ductwork, Electric & Upated Roof. Fenced Front & Back Yard with a refreshed 2 Car Garage with a New Roof.This property is Perfect for an Investor or an Owner-Occupant looking to live in one unit while generating rental income from the others. Great Opportunity!

7914 S Essex Avenue, Chicago

$425,000

9 Beds ⋅ 3 Baths ⋅ 12778964 MLS ⋅ ACTIVE Status

Great Investment Opportunity! Welcome to this recently updated 3-flat featuring 3 bedrooms and 1 bathroom in each unit. Each unit offers separate living and dining rooms with new flooring, updated kitchens with granite countertops, new cabinets and backsplash, updated bathrooms, and central air. Two units also have washer/dryer hookups. Recent improvements include a brand-new porch, new copper water supply lines, updated electrical, fairly new hot water heaters, and a new concrete slab in the rear. The property also features a fenced backyard and detached 2-car garage. Units 1 and 3 are currently rented, while Unit 2 is vacant, offering an excellent opportunity for an owner-occupant or additional rental income. A great opportunity for a first-time investor or experienced owner looking for a well-maintained multi-unit property with strong rental potential.

8938 S Exchange Avenue, Chicago

$69,900

5 Beds ⋅ 2 Baths ⋅ 12784756 MLS ⋅ ACTIVE Status

INVESTOR SPECIAL 2 UNIT BUILDING! GREAT BLOCK. PARTIALLY GUTTED. SOLD AS IS WHERE IS, CASH OR REHAB LOANS ONLY. SOLD AS IS WITH ZERO PERCENT TAX PRORATIONS, TAXES WILL BE PAID UP THROUGH THE CURRENT TAX BILL.

8318 S Manistee Avenue, Chicago

$235,000

3 Beds ⋅ 2 Baths ⋅ 12785166 MLS ⋅ RE-ACTIVATED Status

Looking for your next remodel, well look no further. Check out this amazing opportunity to purchase this amazing single-family home located on a huge lot! This brick home has a new tear off roof that's less than 1 year old. The seller has maintained all utilities making this home the perfect home for your next remodel. The home features 3 generous size bedrooms and 1.5 baths. Check out the spacious basement. Basement has enough room to allow for a full family room and a 4th bedroom. The oversize laundry area with newer washer and dryer, that stays with the home, offers plenty of room for storage. The seller is selling the home As Is and will not make any repairs. Call today for your private viewing. This home is a great investment opportunity and will not last long. Don't miss out

7935 S East End Avenue, Chicago

$342,500

4 Beds ⋅ 3 Baths ⋅ 12785375 MLS ⋅ ACTIVE Status

WOW! Spacious and beautifully updated 1,800+ sq. ft. face-brick and stone Cape Cod featuring 5 bedrooms, 3 full baths, a finished basement, and brick 2-car garage! Step inside to hardwood floors, a generous living room, formal dining room, and stunning updated kitchen with white shaker cabinetry, quartz countertops, and stainless-steel appliances. The second-floor primary bedroom is exceptionally spacious with a large additional storage area. The finished basement offers great entertaining space with direct backyard access. Major updates include a new furnace and A/C, water heater, interior and exterior doors, light fixtures, and kitchen appliances. Modern, spacious, move-in ready, and designed for today's lifestyle.

Chicago

$165,000

6 Beds ⋅ 3 Baths ⋅ 12784652 MLS ⋅ ACTIVE Status

Located in the rapidly developing South Chicago area, this three-unit frame property presents a strong opportunity for both investors and owner-occupants. Each unit features 2 bedrooms and 1 bathroom with functional layouts and solid rental potential. The property offers a spacious rear yard with enough room to add a garage or create a multi-car parking pad for additional value and convenience.The building does require some cosmetic updates and improvements, making it an excellent value-add opportunity, but it is currently occupied and has the potential to begin generating rental income immediately. Whether you're looking to renovate over time, expand your investment portfolio, or create long-term equity, this property offers flexibility and upside in a growing location near transportation, shopping, schools, and major city access.

8914 S Exchange Avenue, Chicago

$295,000

3 Beds ⋅ 2 Baths ⋅ 12771736 MLS ⋅ ACTIVE Status

8020 S Muskegon Avenue, Chicago

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South Chicago Homes under $500,000

Newest South Chicago Homes under $500,000

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