Chicago, IL Homes for Sale under $200,000

• 

  

  /2

  $124,900

  Pending

  • 4 Beds
  • 1 Bath
  • 1,134 Sq Ft

  8845 S Carpenter St, Chicago, IL 60620

  Welcome to 8845 S Carpenter St in the heart of Auburn Gresham - a well-maintained 4-bedroom Chicago bungalow offering immediate cash flow and future equity potential. This property is being sold As-Is, presenting a turnkey investment for landlords or an excellent opportunity for owner-occupants looking to build wealth through real estate. Inside you'll find generous living and dining rooms, a

  

  Reginald Patterson

  eXp Realty

  (773) 974-9157

  8845 S Carpenter St, Chicago, IL 60620
• 

  

  /2

  $75,000

  $45K PRICE DROP

  • Land
  • 2,613 Sq Ft
  • $1,250,000 per Acre

  8535 S Ashland Ave, Chicago, IL 60620

  2 parcels available 8535 and 8539 S. Ashland, each 25 x 107. Total lot size is 5,400 SF. Fenced Lot, Build or Use as Parking Lot.

  

  Tanesha Pratt

  Coldwell Banker Realty

  (872) 228-2572

  8535 S Ashland Ave, Chicago, IL 60620
• 

  

  

  /7

  $129,900

  Pending

  • 6 Beds
  • 2 Baths

  764 S Kenneth Ave, Chicago, IL 60624

  Investor opportunity. Fully gutted and reimagined 2-unit with potential for 3 units, subject to city approval. First floor framed. Second floor is open and ready for your design ideas. Basement dug out for approx. 8-ft ceilings with 2 egresses, plus steel beams and support posts installed. Rebuilt rear porch and new roof. Sold as-is. Short sale, allow time for lender approval. Property has

  

  Tameka Lewis-Madkins

  Keller Williams Preferred Rlty

  (872) 704-8193

  764 S Kenneth Ave, Chicago, IL 60624
• 

  

  /2

  $45,000

  Pending

  • 4 Beds
  • 1 Bath
  • 968 Sq Ft

  Unlisted Address

  Attention Investors & Visionary Homeowners! Bring your contractor and your creativity to this 4-bedroom frame cottage located in the heart of the historic Greater Grand Crossing neighborhood. This property is the definition of "diamond in the rough," offering a solid footprint and a rare opportunity to build equity through a full-scale renovation.

  

  Shaunda Brown

  Bradley Myles Realty INC

  (872) 349-1869

  Unlisted Address
• 

  

  

  /7

  $189,900

  • 5 Beds
  • 2 Baths

  6715 S Bishop St, Chicago, IL 60636

  Investor-friendly 2-flat duplex offering a fantastic opportunity to build wealth and generate income from day one! This property features solid bones and is ready for your vision with minor cosmetic updates. Whether you're an experienced investor looking to expand your portfolio or a buyer seeking a value-add opportunity, this property offers tremendous potential. Bring your ideas, add your

  

  Keynu Chambers-McLoyd

  Coldwell Banker Realty

  (872) 259-5471

  6715 S Bishop St, Chicago, IL 60636
• 

  /2

  $6,000

  $3K PRICE DROP

  • Land
  • 0 Sq Ft

  6234 S Marshfield Ave, Chicago, IL 60636

  Vacant lot in up and coming neighborhood

  

  Daniel Ellington

  Infiniti Properties, Inc.

  (312) 460-2530

  6234 S Marshfield Ave, Chicago, IL 60636
• 

  /2

  $80,000

  • Land
  • 0 Sq Ft

  7146 S University Ave, Chicago, IL 60619

  Great development opportunity! Vacant lot: 25X125 located in the Greater Grand Crossing near I90/94, public transportation, Lake Michigan, area shopping, restaurants and conveniences, Jackson Park and more! Easy access to downtown. Obama Presidential library coming soon. Great time to buy! Zoning RS-3

  

  Krystyna Soprych

  RE/MAX 10 in the Park

  (312) 779-1074

  7146 S University Ave, Chicago, IL 60619
• 

  

  /16

  $178,000

  Pending

  • 1 Bed
  • 1 Bath
  • 700 Sq Ft

  4960 N Marine Dr Unit 611, Chicago, IL 60640

  Welcome to Shoreline Park Condominiums! Located in the heart of Margate Terrace, this one bedroom condo offers the largest floor plan in the building. Enjoy a deeded parking spot (included in price), 24 hour door staff along with onsite management, rooftop deck, fitness center, dedicated storage, business center and game room! Located across from Margate Park with easy access to the lakefront

  

  Darren Allen

  Real Broker LLC

  (312) 777-0499

  4960 N Marine Dr Unit 611, Chicago, IL 60640
• 

  /2

  $75,000

  • 2 Beds
  • 1 Bath
  • 960 Sq Ft

  12469 S Wabash Ave, Chicago, IL 60628

  Back on the Market and Ready for Its Next Chapter! Opportunity is knocking once again at this classic Georgian in Chicago's Roseland community. If you missed it the first time, here's your second chance to explore the possibilities this property has to offer. Featuring 2 bedrooms, 1 full bath, and separate living and dining rooms, this home offers a traditional floor plan that provides a solid

  

  Tamika Marks

  Trademarks & Associates

  (773) 377-9134

  12469 S Wabash Ave, Chicago, IL 60628
• 

  /2

  $49,900

  • Land
  • 4,791 Sq Ft
  • $453,636 per Acre

  208 N La Crosse Ave, Chicago, IL 60644

  Great opportunity to acquire this 40 x 125 vacant lot at 208 N La Crosse Ave, ideally located on a residential street with ongoing redevelopment and new construction throughout the area. This parcel is well suited for builders, developers, or investors looking to capitalize on continued neighborhood growth. Conveniently positioned near major roads, public transportation, retail, and local

  

  Marla Schneider

  Coldwell Banker Realty

  (872) 217-9742

  208 N La Crosse Ave, Chicago, IL 60644
• 

  /2

  $145,000

  • Land
  • 3,484 Sq Ft
  • $1,812,500 per Acre

  428 E 44th St, Chicago, IL 60653

  Great lot for a home or town home.

  

  Valerie Wright

  RE/MAX Premier

  (872) 253-7214

  428 E 44th St, Chicago, IL 60653
• 

  /2

  $125,000

  • Land
  • 0 Sq Ft

  5736 S Wabash Ave, Chicago, IL 60637

  Excellent development opportunity in HOT Washington Park neighborhood. Excellent development opportunity in HOT Washington Park neighborhood! It's all here: convenient public transportation with easy access to 90/94, University of Chicago Green line Performing Arts Center, Artist Residences apartment complex, Park Supper Club, XS Tennis, and more! Washington Park has recently been rediscovered.

  

  Krystyna Soprych

  RE/MAX 10 in the Park

  (773) 839-5922

  5736 S Wabash Ave, Chicago, IL 60637
• 

  

  /17

  $70,000

  • 5 Beds
  • 1.5 Baths
  • 2,132 Sq Ft

  11808 S Emerald Ave, Chicago, IL 60628

  Restore the Grandeur. Reclaim the Elegance. Revive a Piece of Chicago History. This classic American Foursquare is more than a home-it's an opportunity to bring craftsmanship, character, and timeless design back to center stage. Offering 5 bedrooms and 1.5 baths, this spacious residence showcases the generous room sizes, traditional floor plan, and architectural presence that made Foursquare

  

  Tamika Marks

  Trademarks & Associates

  (872) 327-5807

  11808 S Emerald Ave, Chicago, IL 60628
• 

  /2

  $5,000

  • Land
  • 0 Sq Ft

  6808 S Ada St, Chicago, IL 60636

  Great Development Opportunity - Vacant Lot in Chicago situated in a thriving and rapidly evolving neighborhood. Ideal for investors and developers seeking a strategic location with long-term growth prospects. Property is sold as-is. No survey provided. Drive-by only. Buyer to perform all due diligence.

  

  Syed Hashmi

  Guidance Realty

  (773) 900-4237

  6808 S Ada St, Chicago, IL 60636
• 

  

  /3

  $70,000

  • Land
  • 0 Sq Ft

  847 N Homan Ave, Chicago, IL 60651

  Prime Buildable Lot in Hot Humboldt Park! Fantastic opportunity to own vacant land in the thriving Humboldt Park neighborhood. Zoned RS-3, this lot is ideal for building a spacious single-family home or a multi-unit investment property. Surrounded by new construction and beautifully rehabbed homes, the area continues to grow in value. Sold as-is. No disclosures or survey provided. Whether you're

  

  Ericka Taylor

  Coldwell Banker Realty

  (773) 345-7911

  847 N Homan Ave, Chicago, IL 60651
• 

  /2

  $125,000

  Pending

  • 3 Beds
  • 1 Bath
  • 912 Sq Ft

  9131 S Merrill Ave, Chicago, IL 60617

  Great opportunity in the South Shore! This classic Chicago bungalow offers 3 bedrooms and 1 bathroom with solid bones and endless potential. The home features a traditional layout with generous living space and an unfinished basement ready for your vision - ideal for additional living space, storage, or future expansion. Enjoy a fenced yard and a screened-in back deck, perfect for relaxing or

  

  Danny Ross

  HomeSmart Connect LLC

  (872) 273-6084

  9131 S Merrill Ave, Chicago, IL 60617
• 

  

  /12

  $119,999

  $10K PRICE DROP

  • 4 Beds
  • 2 Baths

  11720 S Wentworth Ave, Chicago, IL 60628

  REALLY NICE HOME IN RAPIDLY EVOLVING AREA. CLOSE TO TRANSPORTATION AND SHOPPING. HOME FEATURES FOUR (4) BEDROOMS, TWO (2) ON THE UPPER LEVEL & TWO (2) ON LOWER LEVEL. TWO (2) FULL BATHS. HOME FEATURES LIVING ROOM HARDWOOD FLOORS, CEILING FANS, AND A LARGE EAT-IN KITCHEN. ENCLOSED REAR PORCH, PLENTY OF STORAGE AREA, AND LAUNDRY ROOM. SECURITY SYSTEM AND FRONT & REAR SECURITY DOORS. LARGE BACK YARD

  

  Conrad Carpenter

  City & Suburbs Realty, Inc.

  (872) 312-2170

  11720 S Wentworth Ave, Chicago, IL 60628
• 

  

  /5

  $85,000

  • Land
  • 2,450 Acres
  • $35 per Acre

  5615 S Perry Ave, Chicago, IL 60621

  Location!! Location !!! Location!!! Available and buildable 3 consecutive vacant lots in Chicago gorgeous Woodlawn community. These lots are located within minutes of the public transportation, shopping and Washington Park and one mile of the, University of Chicago Campus, the planned President Barack Obama Presidential Library Center, and multiple highly new developments and construction . These

  

  Krystyna Soprych

  RE/MAX 10 in the Park

  (312) 626-8717

  5615 S Perry Ave, Chicago, IL 60621
• 

  

  /5

  $85,000

  • Land
  • 2,450 Acres
  • $35 per Acre

  5619 S Perry Ave, Chicago, IL 60621

  Buildable vacant lot in Chicago's gorgeous Woodlawn community. This lot is located within one mile of the University of Chicago Campus, the planned President Barack Obama Presidential Library Center, and multiple highly anticipated developments. This lot can be sold individually or as part of a portfolio. This is an excellent opportunity for a investor to develop a townhouse community or cluster

  

  Krystyna Soprych

  RE/MAX 10 in the Park

  (872) 324-1541

  5619 S Perry Ave, Chicago, IL 60621
• 

  /2

  $25,000

  • Land
  • 0 Sq Ft

  13431 S Houston Ave, Chicago, IL 60633

  Prime 37.5 x125 lot on the main street of East 130th in Hegewisch. Offering exceptional visibility and location. Whether you're planning to build your home or are seeking an investment opportunity, this parcel is ready for your vision. Close to Interstate, CTA Bus, Mann Park, Grissom and the South Shore train!! Endless potential!

  

  Michelle McManus

  @properties Christie's International Real Estate

  (312) 818-5371

  13431 S Houston Ave, Chicago, IL 60633
• 

  

  /13

  $160,000

  Pending

  • 1 Bed
  • 1 Bath
  • 700 Sq Ft

  1221 W Jarvis Ave Unit 2, Chicago, IL 60626

  MULTIPLE OFFERS RECEIVED. Best and final due by noon on Monday 5/18. Lake Living for under $200k!!! Become a part of this well cared for co-op community, right on the lake. You'll be just steps from one of the last remaining beaches in Rogers Park. Stylish and thoughtfully updated, this charming one bedroom unit offers a beautifully renovated designer kitchen featuring stainless steel appliances

  

  Karen Hood

  @properties Christie's International Real Estate

  (773) 345-9657

  1221 W Jarvis Ave Unit 2, Chicago, IL 60626
• 

  

  /31

  $182,500

  Pending

  • 1 Bed
  • 1 Bath

  720 W Gordon Terrace Unit 11A, Chicago, IL 60613

  Bright and spacious 1-bedroom condo with sweeping city views in the heart of Buena Park. This beautifully maintained home features a generous open living and dining area with expansive windows that fill the space with natural light and showcase impressive skyline views. Warm hardwood floors run throughout the home, creating a seamless and inviting layout ideal for both everyday living and

  

  Nadiia Glavin

  Keller Williams ONEChicago

  (872) 314-2383

  720 W Gordon Terrace Unit 11A, Chicago, IL 60613
• 

  

  /22

  $155,000

  • 3 Beds
  • 1.5 Baths
  • 1,266 Sq Ft

  7915 S Calumet Ave, Chicago, IL 60619

  Opportunity awaits at this classic Chicago brick bungalow offering solid bones, timeless character, and excellent potential for the next owner, investor, or rehabber. This home features 3, potentially 4 bedrooms, 1.5 baths, a full basement, a full finished attic space, an enclosed porch, and a 2-car garage. The exterior offers attractive brick curb appeal, a fenced yard, a mature tree, and

  

  Shannon Long

  Baird & Warner Fox Valley - Geneva

  (872) 246-9741

  7915 S Calumet Ave, Chicago, IL 60619
• 

  /2

  $125,000

  • Land
  • 3,920 Sq Ft
  • $1,388,889 per Acre

  5630 S Wabash Ave, Chicago, IL 60637

  Excellent development opportunity in HOT Washington Park neighborhood! It's all here: convenient public transportation with easy access to 90/94, University of Chicago Green line Performing Arts Center, Artist Residences apartment complex, Park Supper Club, XS Tennis, and more! Washington Park has recently been rediscovered. This is a great opportunity to build in an up-and-coming flourishing

  

  Krystyna Soprych

  RE/MAX 10 in the Park

  (773) 570-9581

  5630 S Wabash Ave, Chicago, IL 60637
• 

  

  /7

  $99,900

  $50K PRICE DROP

  • Land
  • 0 Sq Ft

  931 N Lawndale Ave, Chicago, IL 60651

  Prime Chicagoland Opportunity in a high and independent part of West Humboldt Park- Ideal for Residential Development Nestled in a highly desirable Chicago neighborhood, these exceptional parcel offers endless potential for residential development - perfectly low-density and single-family homes. The property offered are 2 adjacent parcels purchase together or individually. The lot measures 50 x

  

  Edgar R. Guerrero

  REMAX Legends

  (312) 680-9136

  931 N Lawndale Ave, Chicago, IL 60651
• 

  /2

  $40,000

  $5K PRICE DROP

  • Land
  • 10,890 Sq Ft
  • $160,000 per Acre

  3252 W 23rd St, Chicago, IL 60623

  Build to suit on land in hot West Pilsen neighborhood.

  

  Gina Joshi

  Prestige Realty Group

  (312) 564-8963

  3252 W 23rd St, Chicago, IL 60623
• 

  

  /10

  $165,000

  Pending

  • 2 Beds
  • 2 Baths
  • 1,000 Sq Ft

  6933 N Kedzie Ave Unit 211, Chicago, IL 60645

  Multiple offers received. Any new offers due by 8pm Wednesday, June 10th. Bright and spacious 2-bedroom, 2-bath condo in desirable Winston Towers I, offering an exceptional opportunity to update and customize to your personal style. Filled with natural light, this floor plan has abundant storage throughout, including numerous closets and a large walk-in closet in the primary suite plus an

  

  Laura Greer

  @properties Christie's International Real Estate

  (773) 832-5957

  6933 N Kedzie Ave Unit 211, Chicago, IL 60645
• 

  /2

  $85,000

  • 4 Beds
  • 2 Baths
  • 1,539 Sq Ft

  6640 S Langley Ave, Chicago, IL 60637

  Opportunity just found a larger floor plan! Welcome to this classic brick Cape Cod offering 4 bedrooms, 2 bathrooms, and plenty of room for your ideas to take center stage. If you've been waiting for a home with solid bones, generous space, and the chance to create something uniquely yours, this may be the one that moves to the top of your list. Step inside and discover a versatile layout

  

  Tamika Marks

  Trademarks & Associates

  (773) 825-5752

  6640 S Langley Ave, Chicago, IL 60637
• 

  /2

  $14,500

  • Land
  • 10,890 Sq Ft
  • $58,000 per Acre

  7041 S Aberdeen St, Chicago, IL 60621

  Prime Chicago Lot - Build Your Dream Home! A rare opportunity to create the home you've always envisioned in one of Chicago's established neighborhoods. Whether you're dreaming big or building smart, this lot gives you the space, flexibility, and location to bring your vision to life.

  

  Michael Daniels

  Coldwell Banker Realty

  (312) 654-5774

  7041 S Aberdeen St, Chicago, IL 60621
• 

  /2

  $8,000

  • Land
  • 3,920 Sq Ft
  • $88,889 per Acre

  8017 S Marquette Ave, Chicago, IL 60617

  Vacant Lot 34 x 124. Opportunity to develop/invest. Drive by only

  

  Victoria Waliczek

  Coldwell Banker Realty

  (312) 275-4575

  8017 S Marquette Ave, Chicago, IL 60617
• 

  

  /35

  $180,000

  Pending

  • 3 Beds
  • 2.5 Baths
  • 1,581 Sq Ft

  401 E 91st St, Chicago, IL 60619

  Welcome to 401 E. 91st Street, Chicago, IL, a well-maintained home offering comfort, functionality, and tremendous potential. This inviting residence features 2 spacious bedrooms, 2.5 bathrooms, a versatile den that can serve as a home office, guest room, or additional living space, and an open-concept layout that creates a bright and welcoming atmosphere. Offering approximately 1,581 square feet

  

  Jertheus Butts

  Coldwell Banker Realty

  (312) 626-7743

  401 E 91st St, Chicago, IL 60619
• 

  

  /27

  $155,000

  Pending

  • 1 Bed
  • 1 Bath
  • 600 Sq Ft

  2325 N Neva Ave Unit 204B, Chicago, IL 60707

  Very well-maintained 1-bedroom condo in a well-kept building located in the desirable Galewood neighborhood, near Elmwood Park. This spacious unit features an open-concept living room, dining area, and kitchen, creating a comfortable and inviting living space. Enjoy your morning coffee or evening relaxation on the private balcony off the living room. The oversized bedroom easily accommodates a

  

  Ryan Luu

  Real People Realty

  (708) 809-3001

  2325 N Neva Ave Unit 204B, Chicago, IL 60707
• 

  

  /15

  $199,900

  Pending

  • 3 Beds
  • 1.5 Baths
  • 1,024 Sq Ft

  8319 S Crandon Ave, Chicago, IL 60617

  Welcome to this charming South Chicago brick bungalow offering 3 bedrooms, 1.5 baths, and a finished loft-style attic. Well-maintained home features 2 bedrooms on the main floor with a large additional room that can be used as a walk-in closet, office, etc. The main level features a comfortable living room, dining area, kitchen, and full bath. Upstairs, the finished attic includes a bedroom with

  

  Reginald Patterson

  eXp Realty

  (872) 278-6195

  8319 S Crandon Ave, Chicago, IL 60617
• 

  /2

  $9,500

  $3K PRICE DROP

  • Land
  • 0 Sq Ft

  1751 N Western Ave Unit P1, Chicago, IL 60647

  Indoor heated garage PARKING SPACE located in prime location - Attached to condo building. Desirable Wicker park location near the 606 trail, restaurants and shops. Amazing opportunity to own a parking space if you live close by or have an extra car that needs to be stored. Investors can purchase the parking space without having to own a condo in the building.

  

  Rafay Qamar

  Real Broker LLC

  (872) 335-2073

  1751 N Western Ave Unit P1, Chicago, IL 60647
• 

  

  /17

  $136,000

  $4K PRICE DROP

  • 2 Beds
  • 1 Bath
  • 888 Sq Ft

  7500 S Kenwood Ave Unit B, Chicago, IL 60619

  This town home gem offers an open concept floor plan with spacious dining room / living room, laundry, & kitchen on first floor. Second floor features 2 generous size bedrooms with plenty of windows allowing natural light & an updated bathroom. Private entrance and dedicated off-street parking. Located near shopping, transit options, parks, and dining, this home blends city accessibility with

  

  Miguel Perea

  Open Path Realty

  (312) 509-4896

  7500 S Kenwood Ave Unit B, Chicago, IL 60619
• 

  

  /29

  $195,000

  Pending

  • 3 Beds
  • 2 Baths
  • 704 Sq Ft

  1016 W 57th St, Chicago, IL 60621

  This charming frame 3 bed 2 bath property says...Welcome home! A residence filled with character, comfort, and opportunity. This inviting home combines functional living space with the chance to add your own personal style and enhancements over time. Step inside to find a welcoming living and dining room combination that creates an open and connected atmosphere for everyday living, entertaining,

  

  Tamika Marks

  Trademarks & Associates

  (872) 273-5717

  1016 W 57th St, Chicago, IL 60621
• 

  

  /7

  $174,000

  $25K PRICE DROP

  • 6 Beds
  • 2 Baths

  537 W 61st Place, Chicago, IL 60621

  GREAT INVESTMENT SPECIAL both units rented. first unit rented at 1,400 & 2nd unit for 1,000. 3 bedrooms and a full bath on each unit. Basement is perfect for expanding great potential. Exterior has front porch. Drive by only! Property Sold AS IS!! PLEASE DO NOT DISTURBE TENANTS call or text if you want to schedule a showing 48 hours required.

  

  Maricela Wilson

  Smart Home Realty

  (773) 863-3190

  537 W 61st Place, Chicago, IL 60621
• 

  

  /11

  $149,900

  Pending

  • 4 Beds
  • 2 Baths
  • 1,000 Sq Ft

  7204 S Rhodes Ave, Chicago, IL 60619

  Let's face it....this market has really been a challenge for some buyers when it comes to finding their own place and space in todays market. But we are here to tell you that this very quaint hidden gem is ready for it's new owner. Perfect for a first time home buyer. Even though its a house, it gives you a condo/duplex feel. Few places offer an all-brick, four-bedroom, two-bath home at this

  

  O'Neia Washington

  O W Auction Group LLC

  (872) 266-2942

  7204 S Rhodes Ave, Chicago, IL 60619
• 

  

  /15

  $135,900

  $24K PRICE DROP Pending Pre-Foreclosure

  • 4 Beds
  • 2 Baths
  • 1,440 Sq Ft

  8211 S Saginaw Ave, Chicago, IL 60617

  Opportunity knocks with this spacious Chicago bungalow offering solid updates and serious upside. Previously renovated after its 2021 sale, the home is now ready for a buyer who wants to complete minor repairs, add finishing touches, and unlock its full potential. Located in South Chicago near South Shore, this 4-bedroom, 2-bath property delivers the space, layout, and improvements investors and

  

  Daniel Ellington

  Infiniti Properties, Inc.

  (312) 535-6106

  8211 S Saginaw Ave, Chicago, IL 60617
• 

  /2

  $50,000

  • 4 Beds
  • 2 Baths
  • 1,586 Sq Ft

  11931 S Wallace St, Chicago, IL 60628

  Attention investors, rehabbers, and visionaries! This 4 bed 2 bath 2 story home in Chicago's West Pullman neighborhood is an opportunity to unlock serious potential. The property requires a full renovation, making it a canvas for a profitable fix-and-flip or a custom renovation for an owner-occupant ready to build instant equity. With its generous footprint and classic two-story layout, the

  

  Vikky Kaufman

  Coldwell Banker Realty

  (312) 779-0572

  11931 S Wallace St, Chicago, IL 60628

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