Browse All Chicago IL Between $500K - $600K Properties for Sale

NEW price on 14,000 SF corner lot in prime East Garfield Park location! RT-4 zoning with approx 140' of frontage on Gladys & 100' on Washtenaw. Full alley access in the rear that parallels Gladys so another ~140' there. An absolutely IDEAL lot to build on! Could be utilized as 5 extra wide lots (28'x100') or 4 extra deep lots (25'x140'). Many possibilities... single family homes, a series of multi-unit properties, or one large mutli-family building. EGP is on fire right now! Over a dozen residential projects in for permit. Brand new Semaphore Cafe is an amazing coffee shop addition to neighborhood. Proposed $42M Madison Street Athletic and Cultural Complex is in the works. Recently finished & award winning Fifth City Commons is stunning modern example of carbon nuetral construction. All adjacent to the United Center which has the largest planned development in the city coming with The 1901 Project - a $7B multi-phase development featuring a complex array of sports and entertainment venues, residential living, and open park space. This lot is just 1.2 miles away! EGP also offers quick access to I-290 & 80/94, the city's CTA Blue line & Green lines flank each side of the neighborhood. Site is just .5mi to Western Station (Blue Line). Truly a unique opportunity at a unique time for this quickly developing neighborhood!

300 S Washtenaw Avenue, Chicago

$599,999

12562303 MLS ⋅ ACTIVE Status

This land site 6,250 square foot, a corner lot zoned B3-1, located in Chicago's Irving Park neighborhood. Positioned just west of the six-way intersection of Irving Park Road, Elston Avenue, and Monticello Avenue, the site benefits from strong vehicle traffic of approximately 31,100 vehicles per day. The property offers convenient access to the Kennedy Expressway (I-90/94) and is within a half mile of the CTA Irving Park Blue Line station.

3659 W Irving Park Road, Chicago

$549,900

12559454 MLS ⋅ ACTIVE Status

16 unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7951 S Muskegon Ave, adding an additional 17 units available from the same seller. 7957-7959 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming Quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.

7959 S Muskegon Avenue, Chicago

$549,900

12559449 MLS ⋅ ACTIVE Status

17-unit building ideal for value-add investors looking to build sweat equity. Can be combined with 7957-7959 S Muskegon Ave, adding an additional 16 units available from the same seller. 7951 S Muskegon Ave is well-positioned for growth with its proximity to the upcoming quantum Shore development, a transformative mixed-use project that is anticipated to drive demand for quality housing. This location offers investors a rare opportunity to capitalize on early-stage momentum in a rapidly evolving location. Additionally, this property is located just down the street from the Cheltenham/79th Street Metra stop and walking distance to Rainbow Beach.

7951 S Muskegon Avenue, Chicago

$530,000

3 Beds ⋅ 3 Baths ⋅ 12549302 MLS ⋅ PENDING Status

Welcome home to this charming Beverly English Tudor, offering 3 bedrooms and 2.5 baths, filled with timeless character and thoughtful updates. You will be greeted by original English Tudor details, including a beautiful iron stair railing that sets the tone for this Beverly beauty. Rich hardwood floors flow throughout the spacious living room, endearing sunroom, charming dining room, and updated kitchen which features granite counters and stainless steel appliances. The kitchen opens into the large family room addition which is complete with built-in shelving and tons of natural sunlight. Enjoy cozy evenings by one of the two fireplaces, and year-round comfort with an updated boiler and Space Pac cooling system. The second floor features three bedrooms, plus a tandem room, and two full baths. The primary suite includes a private bath and two walk-in closets. The third bedroom is enhanced by a versatile tandem room which is ideal for a nursery, dressing room, cozy reading nook, home office or exercise space. The finished basement provides additional living and entertaining space, along with a dedicated workshop and storage room. Outside, the professionally landscaped yard features a welcoming brick porch and sidewalk, perfect for relaxing or entertaining. The classic tile roof with copper gutters adds to this home's gorgeous curb appeal. A 2-car garage completes this exceptional property in one of Beverly's most desirable locations. This home will not last so schedule your showing today!

9837 S Hamilton Avenue, Chicago

$598,800

12540652 MLS ⋅ ACTIVE Status

HUGE. Amazing Investment! Listing comprises of salon and corner building. Ample parking in rear and loading area. Recent updates to roof and tuckpointing and windows. APPROX. 10,328S/F OF PRIME COMMERCIAL BUILDING AVAILABLE. PRIME LOCATION FOR ANY KIND OF OFFICE: MEDICAL, LAW, REALE-STATE OR BRING YOUR IDEAS. THIS COULD ALSO BE A PRIME LOCATION FOR A DEVELOPER TO REDEVELOP THIS PRIME OVERSIZED LOT. AMAZING OPPORTUNITY FOR NEW OWNER.

5802 W Higgins Avenue, Chicago

$500,000

12526509 MLS ⋅ ACTIVE Status

Rare opportunity to acquire nearly two acres of vacant, undeveloped land positioned just off a strong commercial corridor with convenient access to the Dan Ryan Expressway. The property presents a compelling redevelopment opportunity for mixed-use or residential development, offering the potential to expand commercial activity from the 87th Street & Dan Ryan node while serving surrounding neighborhoods. Ideal for investors, developers, or owner-users seeking a well-located infill site with strong long-term upside.

440 W 87Th Street, Chicago

$589,000

12532737 MLS ⋅ ACTIVE Status

Three storefronts, each 1000 sq ft, that are connected through inside doorways. If three units are available and the lessee desires one unit, it must be one of the two end units. Each unit is totally updated with a 100-amp electric service, a high-efficiency gas furnace and A/C system. Thermopane glass and aluminum storefronts and finished floors are included, along with LED lighting and network cabling. There are 9 securely lit parking spaces in the rear, off alley, protected by a 12-foot sliding gate and an 8-foot perimeter fence with barbed wire. There is very high visibility on Irving Park Road, and this location is 2 doors west of the Jesuit Millennium Center that has 5000+ members. Each unit is $1600, and 2 parking spaces. All three units are $4600.and all 9 parking spaces. The lessee pays for gas, electricity, and water.

5829 W Irving Park Road, Chicago

$500,000

4 Beds ⋅ 3 Baths ⋅ 12527189 MLS ⋅ ACTIVE Status

**Listing reactivated due to buyer failure to perform. A prior inspection was completed successfully, with no significant issues reported.** Exceptional owner-occupant or investment opportunity in Chicago's Montclare neighborhood. Originally constructed in 1920 and comprehensively updated in 2021, this well-maintained two-unit property offers 4 bedrooms, 3 full bathrooms and approximately 2,837 square feet of total building area. The spacious upper duplex provides approximately 1,788 square feet across the second and dormered third floors, with 3 bedrooms, 2 full bathrooms, separate living and dining rooms, and a generously appointed kitchen. Features include rich wood cabinetry, distinctive granite countertops, a center island, stainless-steel appliances, separate cooktop and oven, warming drawer, dishwasher and garbage compactor. Hardwood, marble and tile flooring, recessed lighting, decorative trim and heated bathroom floors enhance the interior. The uppermost level offers an oversized bedroom or primary-suite-style retreat with vaulted and sloped ceilings, abundant open space and its own full bathroom. The separate above-grade ground-level apartment offers approximately 1,049 square feet with 1 bedroom, a den or flex room, full kitchen, living area and renovated bathroom. Multiple windows provide natural sunlight, distinguishing the unit from a traditional below-grade garden apartment. Additional finishes include marble countertops, extensive marble bathroom surfaces, heated flooring, an overhead heat lamp and a multi-spray shower system. This flexible configuration is well suited for rental income, extended living, guests or work-from-home needs. The property features updated kitchens, bathrooms, flooring, paint and fixtures, along with hot-water baseboard heat, a boiler and tankless water heater. Exterior amenities include a front porch, fenced backyard and expansive rear deck with pergola. The detached two-car garage contains approximately 575 square feet, offers alley access and is entirely vacant for the purchaser's immediate use or potential supplemental rental income. Conveniently located near shopping, parks, public and private schools, library services, medical offices, religious institutions, CTA bus routes and Metra transportation. This is a strong option for an owner-occupant seeking additional income, a multigenerational household or an investor looking for two updated units with room to improve the rent roll. The adjacent commercial property may also be available separately, creating a potential assemblage opportunity with approximately 15,025 square feet of combined land area and approximately 120 feet of street frontage.

2948 N Narragansett Avenue, Chicago

$500,000

12491158 MLS ⋅ ACTIVE Status

Investment / Industrial-Buyer Remarks - 4659 W Washington Blvd Opportunity knocks: 4659 W Washington is a corner lot (~ 10,000 sf) with ~ 4,943 sf of improvements, currently generating income via T & K Grill in the northwest portion of the lot and serving Chicago street food (burgers, cheesesteaks, rib tips, tacos, Italian ice) . The balance of the building is ready for build-out (auto / hand car wash, detailing, service) and includes a flexible meeting / office / support space. Zoned M1-2, this property is already positioned for light industrial, warehouse, distribution, business services, or hybrid uses. The zoning supports warehouse / distribution, business services, light manufacturing, equipment repair/parts, contractor shops, supply / parts operations, and other low-impact industrial uses (permitted under M1-2) rather than typical retail. 9,650 vehicles per day of pass-by traffic, the site offers excellent visibility and logistics access. For an investor or industrial operator, the strongest use cases are last-mile distribution / fulfillment / bulk storage, or retaining the restaurant arm while converting part or all of the facility into a small warehouse / distribution node. Keep the cash flow from the food operation while you phase in higher-margin industrial tenants. Key value drivers: Corner exposure + daily traffic = signage / branding advantage Built infrastructure and partial income reduce investment risk Zoning supports multiple industrial / business uses. Flex space allows back-office, design, management, or tenant support functions. If your buyer is thinking: "I want an industrial asset in Chicago, close to demand, with upside from conversion or dual use"-this property fits.

4659 W Washington Boulevard, Chicago

$500,000

4 Beds ⋅ 3 Baths ⋅ 12520410 MLS ⋅ ACTIVE Status

2948 N Narragansett Avenue, Chicago

$541,000

3 Beds ⋅ 4 Baths ⋅ 12510798 MLS ⋅ ACTIVE Status

Welcome home to this fully updated 2-story Greystone sitting right in the historic North Kenwood neighborhood. With 4 bedrooms, 3 full baths, 1 half bath and a spacious master suite, this home is designed for both comfort and style. You'll love the open flow with vinyl flooring throughout, central air, and a finished basement for extra space. The kitchen is the heart of the home-brand-new black stainless-steel stove, fridge, dishwasher, and microwave are all included. Every detail was done with care, blending that timeless Greystone charm with modern updates.

4343 S Ellis Avenue, Chicago

$550,000

12510603 MLS ⋅ ACTIVE Status

3 20X124 CONTIGUOUS LOTS 2906 PIN 16123300470000 2908 PIN 16123300480000 2910 PIN 16123300490000

2906 W Madison Street, Chicago

$530,000

1 Beds ⋅ 2 Baths ⋅ 12505530 MLS ⋅ ACTIVE Status ⋅ Trump Tower Chicago BLDG.

A Front-Row Seat to Chicago's Majesty Discover an urban sanctuary where breathtaking, floor-to-ceiling windows showcase a magnificent northwest vista, capturing the dynamic city skyline and the sparkling lake shore. Inside, an open and airy floor plan is designed for both joyful entertaining and quiet relaxation. The beautiful kitchen, featuring classic Italian cabinetry and a breakfast bar, is a chef's delight. Retreat to a generous master suite, boasting a custom-organized closet and a spa-like stone bath. Unwind in the whirlpool tub or refresh in the separate shower. Embrace the pulse of River North from the comfort of your full-service, amenity-rich building-the perfect place to call home.

401 N Wabash Avenue Unit #56B, Chicago

$570,000

6 Beds ⋅ 3 Baths ⋅ 12501442 MLS ⋅ ACTIVE Status

Bring your buyers who wish to buy their first home and combine it with rental income. This property is eligible for 5% down to an owner occupant on a conventional loan with Richard Kimball. This brick legal 3-flat in desirable East Garfield Park has been extensively renovated and modernized with condo-quality finishes. The kitchen offers an astounding formation of amenities from the granite counter tops, subway tile and custom cabinetry which contribute to an exceptional touch to this culinary workspace. There is a grand list of upgrades that are ready to be passed on to the new owner: Fence (2023), Windows (2023), Roof (2023), Furnace. Central A/C and Hot Water Heater (2023), Porch Tuckpointing/New Limestone (2023), New Washer/Dryer on each floor, and Upgrade plumbing and electrical throughout the building (2023). Large backyard perfect for enjoying summer days and nights Incorporating fashionable design with traditional appeal, this turnkey building is sure to excite inside and out. Located near shopping, public transportation, hospitals, police department, parks and playgrounds. This building offers both convenience and indulgence. Don't miss out on the opportunity to make this spectacular 3-flat your own!

3115 W Flournoy Street, Chicago

$600,000

12485226 MLS ⋅ PENDING Status

8307 S South Chicago Avenue, Chicago

$585,000

1 Beds ⋅ 2 Baths ⋅ 12468541 MLS ⋅ ACTIVE Status

Priced to sell

401 N Wabash Avenue Unit #2336, Chicago

$570,000

1 Beds ⋅ 2 Baths ⋅ 12466053 MLS ⋅ ACTIVE Status ⋅ Trump Tower Chicago BLDG.

Luxury high-floor 1 bedroom, 1.5 bathrooms residence on the 71st floor of Trump Tower, offering breathtaking panoramic views of the lake and city skyline through soaring 11' floor-to-ceiling windows. This impeccably designed home features top-of-the-line finishes throughout, including Wolf, Sub-Zero, and Miele stainless steel appliances in the gourmet kitchen. The spacious primary suite boasts a large walk-in closet and a luxurious limestone bath with dual vanities, soaking tub, and separate glass-enclosed shower. Residents enjoy full access to Trump's world-class 5-star amenities including a state-of-the-art fitness center, spa, concierge, and more.

401 N Wabash Avenue Unit #71C, Chicago

$549,900

12450550 MLS ⋅ CONTINGENT Status

Pleased to present 12-unit multifamily building located in the south side Chicago neighborhood of Auburn Gresham. The property includes a unit mix of (5) two bedroom, (3) one bedroom, and (4) studio units. There is a laundry room and 12 exterior parking spaces on-site. The building is mostly vacant and primed for an investor looking to add value. Each of the vacant units will need to be renovated including updates to the kitchens and baths. The mechanicals (heating, electric, plumbing) are older but in working condition. The roof is near the end of its useful life.

8743 S Beverly Avenue, Chicago

$599,000

12387377 MLS ⋅ ACTIVE Status

7748 S Kedzie Avenue, Chicago

$595,000

12371933 MLS ⋅ ACTIVE Status

Prime Built-Out Commercial Space in the Heart of Chinatown Now available for lease: a beautifully built-out commercial unit in the heart of Chinatown, offering an exceptional opportunity for restaurants, retail, or service-oriented businesses. Featuring soaring ceilings, abundant natural light, and a modern HVAC system, this move-in-ready space provides a welcoming and functional environment for a wide range of business concepts. Property Highlights: Fully Built-Out Space: No costly build-out required-ready for your business to move in. Restaurant & Retail Ready: Suitable for restaurants, cafes, retail stores, medical, office, or other service-based businesses. Functional Layout: Includes two separate entrances, a private restroom, and a utility sink for added convenience. Modern Features: High ceilings, abundant natural light, and an efficient HVAC system create a comfortable experience for customers and staff. Ample Free Parking: Two separate parking facilities within the shopping mall provide convenient, complimentary parking for customers and employees. Exceptional Location: Situated in one of Chinatown's busiest commercial corridors, surrounded by high-traffic destinations including the Chicago DMV, popular bubble tea shops, BBQ restaurants, medical and dental offices, insurance agencies, law firms, and other established businesses. This versatile commercial space is ideal for entrepreneurs and established businesses seeking a prominent location with excellent visibility, steady foot traffic, and a thriving business community. Bring your vision to life in one of Chicago's most vibrant neighborhoods. Schedule a tour today!

2252 S Archer Avenue Unit #207, Chicago

$549,900

2 Beds ⋅ 2 Baths ⋅ 12382080 MLS ⋅ ACTIVE Status

2 lots with 1 single family house and a coach house on one lot. Has renters in both houses. Second lot could park up 14 cars in vacant lot. Could keep renters in one lot and build new homes in vacant lot. Great investment!

1816 S Jefferson Street, Chicago

$549,900

12382066 MLS ⋅ ACTIVE Status

TWO LOTS TOTALING 48 X 101. EACH LOT ZONED FOR RT-4!!. BUILDINGS ON LOT HAS M/M RENTERS THAT PAYING BELOW MARKET RENT. GREAT FOR DEVELOPMENT IN HOT AREA! Includes 1816 S Jefferson.

1816 S Jefferson Street, Chicago

$599,000

3 Beds ⋅ 3 Baths ⋅ 12367021 MLS ⋅ ACTIVE Status

Introducing Collection No.9 MOD - Where design, function, and lifestyle meet. Experience the best of city living in these four stunning duplex-up residences that blend modern design, thoughtful functionality, and exceptional quality. Each home spans two light-filled floors, offering spacious bedrooms, generous storage, and multiple outdoor spaces-including a private balcony and a show-stopping rooftop deck (per plan), fully equipped with water, gas, and electric hookups. The open-concept main level is designed for both style and comfort. At the heart is a chef-inspired kitchen featuring custom cabinetry, quartz counters with ample seating, and premium Samsung stainless-steel appliances. The seamless flow from the dining area to the expansive, extra-wide living room is perfect for entertaining, with a beautiful 20-foot-wide balcony just off the main living space. Up the stairs, the primary suite is a true retreat, roomy enough for a king-sized bed, with a spacious walk-in closet and a spa-quality bathroom that includes a curbless walk-in shower, a freestanding soaking tub, and a dual-bowl vanity. Two additional bedrooms, a second full bath, and a full laundry room with side-by-side washer/dryer, counterspace, and cabinetry complete the upper level. Set in the vibrant Woodlawn neighborhood, Collection No.9 offers unparalleled access to Washington Park, Jackson Park, the Midway Plaisance, and the University of Chicago's south campus, and CTA bus and train transportation. Enjoy proximity to the future Obama Presidential Center, the lakefront, harbor, beaches, and a growing array of local shops, cafes, restaurants, and a Jewel grocery store-all just minutes away via bike, car, or CTA. Don't miss your chance to own one of these exclusive homes. Schedule your private tour today and experience the space, style, and sophistication of Collection No.9 Mod.

965 E 62Nd Street Unit #1, Chicago

$550,000

12364921 MLS ⋅ ACTIVE Status

Attention investors! Great Investment opportunity! Fantastic double vacant lot, zoned RT-4. Hot Area With Tons of new construction. VACANT LAND READY TO BUILD ON. Highly desirable Woodlawn /Hyde Park Area; Close by are the University of Chicago, University of Chicago Medical Center, Jackson Park, the soon to be redesigned South Shore Golf Course, and everything Hyde Park has to offer. University of Chicago Grant Area for UC employees. New construction right across the street.(future site of the Obama Library), LSD, Lake Michigan, CTA & much more.

6601 S Minerva Avenue, Chicago

$559,000

3 Beds ⋅ 3 Baths ⋅ 12340608 MLS ⋅ CONTINGENT Status

Stunning Single family home, 2008 construction with 4 bedrooms, 3 bathrooms, laundry room, fully finished basement with family room, bedroom and bathroom. New 2 car garage with party door, home fully rehabbed throughout, Kohler and Moen bathroom fixtures, new full kitchen including cabinets, quartz and stainless appliances. Bathrooms have custom tile showers, baths and floors. High end glass shower doors, toilets and sinks. Full sized Chicago lot. In a subdivision Oasis in the middle of the City with a detention pond and open land.

3642 W 51St Street, Chicago

$599,000

12344573 MLS ⋅ PENDING Status

7,056 SF 5-Unit Retail Center with parking along W 79th Street. The building's exterior features a gated parking lot with 10 spaces, with the ability to add more. The property's interior features an open floor plan, allowing units to be conjoined depending on the usage

1741 W 79Th Street, Chicago

$590,900

1 Beds ⋅ 2 Baths ⋅ 12305216 MLS ⋅ ACTIVE Status ⋅ Trump Tower Chicago BLDG.

Seize the rare opportunity to own a luxurious 1-bedroom, 2-bathroom hotel suite in Chicago's premier 5-star building. This spacious condo offers sweeping city views and is impeccably furnished with the finest finishes. The expansive living and dining areas flow seamlessly into a separate, fully equipped kitchen, while the generously sized bedroom features a spa-inspired bath for ultimate relaxation. As part of the Trump Hotel, this residence grants access to unparalleled 5-star amenities, including white-glove concierge services, a state-of-the-art fitness center with an indoor pool, and the renowned Trump Spa. An optional rental program is available for owners, making this an ideal in-town retreat or corporate suite. Indulge in a lifestyle of sophistication and convenience in one of the city's most prestigious addresses.

401 N Wabash Avenue Unit #2526, Chicago

$525,000

12059999 MLS ⋅ CONTINGENT Status

Incredible commercial opportunity located in the West Elsdon area! This prime corner location at 56th and Pulaski is perfect for any kind of business. Boasting 3,000 square feet of versatile space, this property is ideal for entrepreneurs looking to make their mark. Enjoy the convenience of being within walking distance to the Orange Line and having a bus stop right outside the building. Don't miss out on this great location to establish your business and attract foot traffic!

5601-03 S Pulaski Road, Chicago

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Between $500K - $600K Chicago Real Estate

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Browse All Chicago IL Between $500K - $600K Properties for Sale

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