South Austin Homes under $400,000

Welcome to South Austin, a vibrant neighborhood nestled in the heart of Chicago, Illinois. Known for its rich cultural tapestry and strong sense of community, South Austin offers a unique blend of urban convenience and suburban charm. This dynamic area is characterized by its tree-lined streets, historic architecture, and a welcoming atmosphere that makes it an ideal place for families, young professionals, and retirees alike.

One of the standout features of South Austin is its affordability. With homes available for under $400,000, this neighborhood presents an excellent opportunity for first-time homebuyers and those looking to invest in real estate. You'll find a variety of housing options, from cozy bungalows to more modern single-family homes, each with its own character and charm. Many properties come with spacious yards, perfect for outdoor gatherings or gardening enthusiasts.

The community is well-connected, with easy access to public transportation, making commuting to downtown Chicago a breeze. Residents enjoy a plethora of local amenities, including parks, shops, and restaurants that showcase the diverse culinary scene of the area. The vibrant local arts scene and community events foster a strong sense of belonging, making it easy to meet neighbors and make lasting friendships.

Whether you’re looking for a starter home or a place to settle down, South Austin offers an inviting atmosphere and a promising future. Explore the possibilities of homeownership in this charming neighborhood, and discover why so many are proud to call South Austin their home.

Newest South Austin Homes under $400,000

$349,900

4 Beds ⋅ 3 Baths ⋅ 12778997 MLS ⋅ NEW Status

Live Large, Earn Smart, and Bring Your Vision! This owner-occupied 2-unit offers a unique opportunity with Unit 1 duplexed into the finished basement, providing an impressive amount of living space. The first-floor unit features a newer kitchen with granite countertops, stainless steel appliances, breakfast bar, and plenty of room for a kitchen table. The bathroom has also been updated, while the third bedroom is currently styled as a library-an easy transition back to bedroom use, home office, or flex space. The finished basement extends Unit 1 with additional living space and plenty of possibilities. Previous water damage occurred near the baseboard area years ago leaving the lower level ready for cosmetic repairs and your finishing touches. Unit 2 offers additional living space with great potential for related living, extended family, or rental income and also ready for cosmetic updating to make it your own. An enclosed rear porch serves the building and adds even more usable space. Outside, enjoy a PVC-fenced yard, large 3-car garage, and patio area, a few hard-to-find features that add even more value to this property. And did we mention location? You're just 2 blocks from beautiful Oak Park, putting shopping, dining, parks, and neighborhood amenities within easy reach. Whether you're looking to owner-occupy, accommodate extended family, or add a multi-unit property to your portfolio, there is plenty of opportunity here. Property is being sold AS-IS. Bring your ideas and unlock the possibilities!

5843 W Iowa Street, Chicago

$389,000

4 Beds ⋅ 2 Baths ⋅ 12775865 MLS ⋅ NEW Status

Welcome to 4833 W Gladys Ave, a stunning brick two unit property full of incredible potential and classic Chicago charm! Featuring generous multilevel layouts, rich architectural character and abundant natural light throughout each unit, this building offers solid fundamentals ready for personal design updates or steady rental income. Live comfortably in one unit while renting the other! Situated on a quiet residential block just steps from Columbus Park, local schools and neighborhood retail. The home also boasts excellent transit connectivity with quick access to the CTA Blue Line, multiple bus routes, and interstate 290 just minutes from downtown. Seller will provide a 2% credit to buyer's closing costs!

4833 W Gladys Avenue, Chicago

$349,900

4 Beds ⋅ 2 Baths ⋅ 12773983 MLS ⋅ ACTIVE Status

Meticulously renovated 4-bedroom, 2-bath single-family home in the heart of Austin with super low property taxes! The sun-filled main level features an open living and dining combination with premium hardwood flooring, perfect for everyday use and entertaining. The updated kitchen boasts stainless steel appliances, attached breakfast nook, and overlooks the backyard. The second level offers four well-appointed bedrooms. There's a attic on the third level which can be used as ample storage space. The lower level includes a fully finished basement completed with ceramic tile which is great for entertaining and extra living space, laundry and a utility room with ample storage. Hardwood floors, crown molding, and Central A/C with furnaces throughout. The fully fenced backyard features tons of yard space used for storing vehicles etc. Conveniently located near public transportation, dining, and shopping.

122 N Long Avenue, Chicago

$400,000

4 Beds ⋅ 3 Baths ⋅ 12772788 MLS ⋅ ACTIVE Status

Live blocks from Columbus Park in this well-maintained blonde, brick two-unit building that offers HUGE living rooms and sizeable bedrooms with hardwood floors under the carpet) giving you flexibility whether you want to live in one unit and rent the other or add a solid income property to your portfolio. The finished basement is a real bonus, complete with a bar for entertaining and a full bathroom, making it ideal for gatherings, extra living space, or a private retreat. With separate living spaces above and a fully finished lower level, this property offers plenty of room and versatility.

5328 W Quincy Street, Chicago

$310,000

3 Beds ⋅ 2 Baths ⋅ 12770029 MLS ⋅ ACTIVE Status

4957 W Ferdinand Street, Chicago

$149,900

3 Beds ⋅ 2 Baths ⋅ 12769236 MLS ⋅ ACTIVE Status

Great investment opportunity, CASH ONLY, four levels of living space, main level with a nice-sized kitchen, separate dining, Dinning room. Second level with three bedrooms and two bathrooms. Property needs a lot of work, especially the upper level and basement. " AS IS SALE"

5460 W Fulton Street, Chicago

$349,999

3 Beds ⋅ 2 Baths ⋅ 12759047 MLS ⋅ ACTIVE Status

Fully Updated 3BR/2BA Single Family in Austin - Move-In Ready! | $349,900 Welcome home to 645 North Leamington, a beautifully renovated 3-bedroom, 2-bathroom single family gem in the heart of Austin. This home has been thoughtfully updated top to bottom, blending modern finishes with everyday comfort. Step inside to brand new flooring throughout and an open staircase that adds a light, airy feel to the main living area. The all-new kitchen is a showstopper, featuring crisp white 42" shaker cabinets, sleek quartz countertops, and a fresh, modern layout perfect for cooking and entertaining. Both bathrooms have been completely gutted and rebuilt with gorgeous new tile work - no detail overlooked. The full unfinished basement offers a convenient laundry area plus a full bathroom complete with a walk-in shower, high-end tile, and a built-in seat - a spa-like touch you don't often find below grade. This level offers extra flexibility for storage, a future rec room, or additional living space. Outside, enjoy a huge fenced backyard, an enclosed porch for relaxing year-round, and a future parking pad currently being added out back. Central air will be installed prior to closing, and the home already boasts brand new siding and a new roof (2023) for peace of mind. With approximately 1,200 sq ft per floor (2,400 sq ft above grade, plus the finished-feel basement bath and laundry) and sitting on a 25' x 125' lot, this home offers real space both inside and out. Ideally located near public transportation, it's a fantastic fit for homeowners looking for a turnkey property or investors seeking a well-maintained addition to their portfolio. Don't miss this one. Schedule your showing today!

645 N Leamington Avenue, Chicago

$310,000

2 Beds ⋅ 2 Baths ⋅ 12765126 MLS ⋅ ACTIVE Status

VALUE-ADD OPPORTUNITY IN AUSTIN! Welcome to 4835 W Haddon Avenue, a 2-bedroom, 2-bath single-family home offering approximately 1,128 square feet of above-grade living space PLUS a finished basement and detached 2-car garage. Offered at $310,000, this property is ready for a new owner with vision! The home needs some TLC, creating an opportunity to update, personalize, and potentially force appreciation through strategic improvements. The finished basement provides valuable additional living and entertaining space and adds versatility to the home's existing footprint. Ideal for an owner-occupant looking to customize a home to their taste or an investor searching for their next value-add project. Conveniently located in Chicago's Austin community with access to public transportation, shopping, neighborhood amenities, and major thoroughfares. Bring your ideas and unlock the potential of this Chicago home. Schedule your private showing today!

4835 W Haddon Avenue, Chicago

$229,000

4 Beds ⋅ 2 Baths ⋅ 12758519 MLS ⋅ ACTIVE Status

ATTENTION HANDYMEN, REHABBERS & INVESTORS! Here's your chance to transform this solid vintage 2-story into something special. This property needs renovation, but offers terrific value and endless potential for the right buyer looking for a value-add project. The property features two full levels of living space (previously used as related living) plus a full basement, providing plenty of room to reimagine. The first-floor features two spacious bedrooms, a full bath, a bright living room, and an enclosed porch suitable for an office or additional living space. The second-floor offers two more bedrooms and a full bathroom. Additional features include a private, fenced backyard, ideal for summer gatherings and outdoor enjoyment, plus the added value and convenience of a 2-car garage. Situated on a quiet residential street in up-and-coming Austin neighborhood within walking distance to public transportation and minutes from expressway. Several new developments and renovation projects in the surrounding area add to the neighborhood's ongoing revitalization and appeal. See it, envision the possibilities, and make it yours before another investor beats you to this outstanding rehab opportunity! Selling as-is. Cash and renovation loans only. Hard money financing is welcome; however buyers using a hard money lender must have an established track record of successfully completing previous transactions with that lender.

4934 W Iowa Street, Chicago

$324,000

7 Beds ⋅ 2 Baths ⋅ 12764032 MLS ⋅ ACTIVE Status

Spacious 2 Flat, 7 bedrooms, 2 bathrooms and a generous sized yard. Room counts are estimates. "No interior access, occupied property. Do not disturb occupants. Trespassing is prohibited. Any inspections of this property is not allowed. This property is being sold as-is, property is lender-owned and US Bank is making no representations or warranties" "U.S. Bank NA may have financing options available usbank/home loans/mortgages" Room counts /sizes are estimates.

319 N Lotus Avenue, Chicago

$360,000

4 Beds ⋅ 3 Baths ⋅ 12761899 MLS ⋅ ACTIVE Status

SPACE, STYLE & MOVE-IN READY! Welcome to 5830 W Rice St, a beautifully renovated 5-bedroom, 3-bath home offering plenty of room to live, work, and entertain-PLUS A ROOF INSTALLED JUST 4 MONTHS AGO! Step inside and immediately notice the bright, open-concept layout, rich hardwood floors, and modern finishes throughout. At the heart of the home is a beautifully updated kitchen featuring white cabinetry, granite countertops, stainless steel appliances, and generous prep space. The kitchen flows effortlessly into the dining and living areas, creating the perfect setup for entertaining family and friends. Five spacious bedrooms and three full bathrooms provide plenty of flexibility for guests, home offices, or additional living space. The finished basement expands your options even further with a large family/recreation room, full bathroom, laundry area, and convenient access to the backyard. The outdoor space is equally impressive! Enjoy summer evenings on the spacious rear deck or newly poured concrete patio. The private 2-car parking area is secured by a new iron fence for added convenience. Additional highlights include a roof installed approximately 3 months ago, central A/C, updated mechanicals, and numerous improvements throughout the home. Conveniently located near Oak Park, restaurants, shopping, parks, public transportation, and major commuting routes, this home delivers an impressive combination of space, modern updates, and convenience.

5830 W Rice Street, Chicago

$279,900

8 Beds ⋅ 4 Baths ⋅ 12759884 MLS ⋅ ACTIVE Status

The Austin Community of Chicago presents a large oversized 3 Unit Building with 1,602 square foot apartments. A full basement with adequate ceiling height plus front and rear entrances could be a 4 unit. The lot size is enormous at 5,400 square feet. The 1st floor unit has 2 bedrooms, 1.5 bathrooms, but was previously a 3 bedroom and can be converted back. The 2nd & 3rd floor units both have 3 bedrooms, 1 bathroom, with large living rooms, sunrooms & dining rooms. Location is accommodating as it is near The CTA Green Line Trian, Cicero Ave & Madison Ave CTA bus line & I-290 Expressway.

4936 W Washington Boulevard, Chicago

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