Chicago, IL Homes for Sale under $200,000

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  $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
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• 

  

  

  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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
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  $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
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  /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
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  /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
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  /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
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  /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
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  /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
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  /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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  /3

  $24,000

  • Land
  • 0 Sq Ft

  2917 E 130th St, Chicago, IL 60633

  Prime 25x125 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 and the South Shore train!! Endless potential!

  

  Michelle McManus

  @properties Christie's International Real Estate

  (773) 232-3461

  2917 E 130th St, Chicago, IL 60633
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  /18

  $199,900

  Pending

  • 1 Bed
  • 1 Bath
  • 800 Sq Ft

  3900 N Lake Shore Dr Unit 13B, Chicago, IL 60613

  Move in ready, rarely available "B" unit available on iconic Lake Shore Drive! With rich hardwood flooring, fresh paint, and an open, expansive floorplan, you can take in the beautiful, south facing views of our stunning lakefront from every angle of this home! The kitchen was updated with ample, quality cabinetry and stainless appliances. The mirrored dining room wall isn't just for show; hidden

  

  Lauren Sauer

  @properties Christie's International Real Estate

  (872) 350-1900

  3900 N Lake Shore Dr Unit 13B, Chicago, IL 60613
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  /29

  $160,000

  Pending

  • 3 Beds
  • 2 Baths
  • 1,295 Sq Ft

  12025 S Prairie Ave, Chicago, IL 60628

  Completely renovated and move-in ready, this charming South Prairie corner lot home offers 3 bedrooms and 2 full baths with plenty of space and natural light throughout. Featuring original hardwood floors in parts of the home, this property blends classic character with modern updates. One bedroom is conveniently located on the main level, while the fully finished basement includes an additional

  

  Laraine Hanson

  Laraine Hanson

  (872) 248-5875

  12025 S Prairie Ave, Chicago, IL 60628
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  /7

  $99,900

  • 6 Beds
  • 3 Baths
  • 2,428 Sq Ft

  6700 S Stewart Ave, Chicago, IL 60621

  Investor Special - Prime Corner Lot Victorian! Seize a unique investment opportunity on this oversized corner-lot Victorian home is a diamond in the rough, ideal for the savvy investor looking for a value-add project. Situated on a nice, residential street with easy access to the expressway, making commutes a breeze. Just steps from a school and with only a handful of neighbors, offering a blend

  

  Eduardo Sanchez

  PAK Home Realty

  (312) 815-5315

  6700 S Stewart Ave, Chicago, IL 60621
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  /2

  $40,000

  • Land
  • 3,920 Sq Ft
  • $444,444 per Acre

  7548 S Dorchester Ave, Chicago, IL 60619

  Residential lot available with gas, electric & and water nearby. Priced to Sell. Drive by today & Bring us an offer.

  

  Courtney Caraway

  Gallery Realty Inc.

  (872) 363-1757

  7548 S Dorchester Ave, Chicago, IL 60619
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  /2

  $34,808

  $4K PRICE DROP

  • Land
  • 0 Sq Ft

  2907 E 79th St, Chicago, IL 60649

  Owner finance available. Ask for details. Vacant Commercial lot. Excellent opportunity! Lot is 25 x 126. Great South Shore location. Next to strip mall. Bring your ideas here. Lots of New construction around area. Owner does not have a survey and will not provide any survey. Buyers will have to purchase their own survey. Near train station. Call agent with any questions.

  

  Robert Kroll

  808 Realty

  (872) 259-5919

  2907 E 79th St, Chicago, IL 60649
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  /14

  $190,000

  Pending

  • 2 Beds
  • 1 Bath
  • 1,200 Sq Ft

  5838 S Stony Island Ave Unit 5E, Chicago, IL 60637

  Bright and spacious 2-bedroom co-op in the highly sought-after Vista Homes, offering lovely eastern views overlooking Jackson Park. This charming 5th-floor residence features beautiful hardwood floors throughout, an updated eat-in kitchen, and classic vintage details including coved ceilings and crown molding.The expansive living area easily accommodates both comfortable living and formal dining,

  

  Catherine Rosenberg

  Berkshire Hathaway HomeServices Chicago

  (872) 219-0233

  5838 S Stony Island Ave Unit 5E, Chicago, IL 60637
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  /38

  $71,250

  • 4 Beds
  • 2 Baths

  5538 S Perry Ave, Chicago, IL 60621

  Step on up...don't be shy! This frame 2-unit is looking for its next owner, and thanks to a recent price improvement, the invitation just got a lot more attractive. Whether you're searching for a property with potential, a place to make your own, or an opportunity to add value through thoughtful updates, this could be the one that earns a spot at the top of your list. Featuring 2 bedrooms and 1

  

  Tamika Marks

  Trademarks & Associates

  (312) 564-5561

  5538 S Perry Ave, Chicago, IL 60621
• 

  /2

  $30,000

  • Land
  • 0 Sq Ft

  2 E Erie St Unit G549, Chicago, IL 60611

  Prime garage location- Vacant at the moment, please send an offer

  

  Kristine Chen Frost

  Compass

  (872) 295-8080

  2 E Erie St Unit G549, Chicago, IL 60611
• 

  

  /33

  $155,000

  Pending

  • 4 Beds
  • 2 Baths
  • 1,914 Sq Ft

  3854 S Albany Ave, Chicago, IL 60632

  This 4-bedroom, 2-bath home is going to need your ideas and TLC efforts to bring it back to a wonderful home. The property here is sold in "AS IS" condition and buyers will need hard money loans, FHA 203K, or cash deals. This is a HUD property, and buyers will need to have a broker with an NAID # to place bids on this home. Investors must wait for the Owner Occupancy period to end before they can

  

  Otis Lazich

  Capital Investment Realty Group Inc

  (773) 207-7921

  3854 S Albany Ave, Chicago, IL 60632
• 

  

  /9

  $189,900

  • 5 Beds
  • 2 Baths

  11317 S Edbrooke Ave, Chicago, IL 60628

  Excellent opportunity for investors or owner-occupants! This investor-friendly 2-flat duplex offers the perfect chance to live in one unit while generating income from the other, or maximize cash flow by renting both units. The property is ready for your creative vision with minor cosmetic updates and presents immediate income-producing potential. Conveniently located near parks, schools,

  

  Keynu Chambers-McLoyd

  Coldwell Banker Realty

  (312) 376-3014

  11317 S Edbrooke Ave, Chicago, IL 60628
• 

  

  /35

  $175,000

  Pending

  • 5 Beds
  • 2 Baths

  7930 S Luella Ave, Chicago, IL 60617

  SHORTSALE Opportunity. Not finding what you are looking for in a multi unit? Bring your creative ideas for this diamond in the rough. Building does need work which is reflected in the list price. This Multiunit features enclosed front and back porches, tall ceilings, spacious rooms and floor plan. Great Investment Opportunity For Owner Occupant with the potential to live rent free Or Investor

  

  O'Neia Washington

  O W Auction Group LLC

  (773) 974-8432

  7930 S Luella Ave, Chicago, IL 60617
• 

  

  /5

  $85,000

  • Land
  • 2,178 Sq Ft
  • $1,700,000 per Acre

  5617 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) 548-3706

  5617 S Perry Ave, Chicago, IL 60621

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