Washington Park Homes under $500,000

Welcome to Washington Park, a hidden gem nestled in the heart of Illinois that perfectly blends historic charm with modern convenience. This vibrant neighborhood is known for its rich cultural heritage, beautifully landscaped parks, and a strong sense of community, making it an ideal place for families, young professionals, and retirees alike.

Washington Park boasts a diverse array of homes, many of which can be found under $500,000. Here, you’ll discover an assortment of architectural styles, from classic bungalows to contemporary townhouses, each offering unique character and appeal. This affordability opens the door for first-time homebuyers and those looking to invest in a thriving community without breaking the bank.

The neighborhood is not just about beautiful homes; it’s also about lifestyle. Residents can enjoy leisurely strolls through Washington Park itself, featuring lush greenery, playgrounds, and scenic walking paths. The area is also conveniently located near local shops, cafes, and restaurants, ensuring you have everything you need just a stone’s throw away.

Education is a priority in Washington Park, with access to several reputable schools and educational institutions, making it a great place to raise a family. Additionally, the neighborhood's close-knit community often comes together for local events, fostering connections and friendships among residents.

Whether you’re looking for a cozy starter home or a spacious retreat, Washington Park offers a welcoming atmosphere and a promising future. Explore the possibilities of making this wonderful neighborhood your new home today!

Newest Washington Park Homes under $500,000

$354,999

4 Beds ⋅ 4 Baths ⋅ 12776823 MLS ⋅ NEW Status

Welcome Home to 5843 S. Indiana Avenue! This beautifully updated 4-bedroom, 3.1-bathroom home offers the perfect combination of space, style, and convenience. From the moment you step inside, you'll appreciate the bright, open-concept layout designed for comfortable living and effortless entertaining. The main level features a spacious living area that flows seamlessly into a modern, updated kitchen-ideal for cooking, gathering, and everyday life. A highly desirable first-floor primary suite and convenient main-level laundry room add both comfort and functionality. Upstairs, you'll find three generously sized bedrooms, providing plenty of space for family, guests, or a home office. The finished lower level offers endless possibilities, whether you envision a family room, recreation area, playroom, home gym, or additional guest space. Step outside to enjoy a private backyard, perfect for relaxing, entertaining, or summer gatherings. The property also includes two exterior parking spaces, along with abundant street parking for visitors. Whether you're a first-time homebuyer looking for a place to call your own, an investor seeking a promising opportunity, or someone looking to own an Airbnb/short-term rental property, this home offers incredible potential and versatility. Ideally located near Washington Park, the University of Chicago, and the Obama Presidential Center, this home offers easy access to public transportation, dining, shopping, and neighborhood amenities. Comfort, convenience, community, and opportunity come together in this exceptional home. This is an absolute MUST-SEE! Schedule your showing TODAY! SELLER IS VERY MOTIVATED!

5843 S Indiana Avenue, Chicago

$413,500

10 Beds ⋅ 4 Baths ⋅ 12775221 MLS ⋅ NEW Status

This affordable 4 units multifamily building located in the Washington Park neighborhood is priced to sell. Excellent cash flow opportunity for homebuyers and investors. Three of the apartments have 3 spacious bedrooms, large living rooms and family rooms. The tenants pay for their electric and gas. Located close to the University of Chicago campus, Washington Park, Jackson Park, the Obama Presidential Center, and Lake Michigan. This property is being sold as-is and where-is.

5920 S Calumet Avenue, Chicago

$279,000

3 Beds ⋅ 2 Baths ⋅ 12767563 MLS ⋅ ACTIVE Status

A RARE TURNKEY OPPORTUNITY WHERE STYLE MEETS INCOME POTENTIAL! This beautifully remodeled, fully furnished 3-bedroom, 2-bath duplex-down condo offers approximately 1,800 square feet of living space plus a versatile flex area-and a proven history as a regularly booked Airbnb generating additional rental income. Offered with furnishings included, this property presents a unique opportunity for an owner-occupant seeking a move-in-ready home or an investor looking to capitalize on an established furnished-rental setup. The main level blends character and contemporary finishes with hardwood flooring, exposed brick, and a striking modern kitchen featuring quartz countertops, a farmhouse sink, subway tile backsplash, and premium Samsung Smart appliances, including a double oven with air-fryer functionality. The spacious duplex layout offers three bedrooms, two updated full baths, and flexible space ideal for a home office, gaming area, workout room, or additional lounge. Thoughtful upgrades include Bluetooth-equipped bathrooms, LED mirrors, a 6-jet jetted tub, central air and heat, a newer high-efficiency furnace, in-unit washer and dryer, recently cleaned air ducts, and a UV air purification system. The fully furnished package includes two king-size sleigh beds, six large 4K TVs, a PS5 gaming lounge, and a distinctive Kobe Bryant-themed room. Ideally positioned near Washington Park, public transportation, the University of Chicago, UChicago Medicine, Hyde Park, Lake Michigan, the Obama Presidential Center, and the Griffin Museum of Science and Industry. With its established rental history, regular bookings, furnishings already in place, and proximity to some of Chicago's most significant institutions and attractions, this property offers tremendous flexibility for both personal use and investment. Schedule your private showing today!

231 E 59Th Street Unit #1, Chicago

$449,000

12 Beds ⋅ 3 Baths ⋅ 12769092 MLS ⋅ ACTIVE Status

Beautiful greystone multi-unit building in Chicago's Washington Park neighborhood. Plumbing, electrical and hvac rough- ins completed. Roof in good condition free of leaks. Floors 1 through 3 are designed to accommodate spacious 4-bedroom layouts. Plans approved. Bathtubs and shower bodies are installed on floors 1 through 3. Excavated basement features an approximately 7'6" ceiling height, four new columns, two replacement support beams, drain tile, and poured concrete. Proposed four-unit plans are available under Additional Information. An excellent opportunity for an investor or developer to complete this substantial renovation.

5813 S Wabash Avenue, Chicago

$235,000

3 Beds ⋅ 3 Baths ⋅ 12767823 MLS ⋅ ACTIVE Status

**Spacious 3-bedroom, 2.5-bathroom condo in the Washington Park area! This well-appointed home features a generous primary suite with a newly renovated private bathroom, plus plenty of space for comfortable living and entertaining. Conveniently located near Washington Park, UChicago Medicine, shopping, transportation, and the Bronzeville/Hyde Park area. Enjoy being part of a neighborhood experiencing continued residential, healthcare, and mixed-use development, including investment surrounding the Bronzeville Lakefront area. A great opportunity to own in an evolving and well-connected South Side community!

5244 S King Drive Unit #GS, Chicago

$159,900

3 Beds ⋅ 2 Baths ⋅ 12766880 MLS ⋅ ACTIVE Status

Amazing Opportunity to Own Your Own Place! Located in Chicago's historic Washington Park neighborhood. This bright and spacious unit offers a smart, functional layout with generous room sizes, high ceilings, and abundant natural light throughout. Good size bedrooms with decent closet space. Beautiful Hardwood floors throughout. Conveniently located near parks, public transportation, the University of Chicago, and major expressways, this property offers an ideal blend of neighborhood charm and city accessibility. Whether you're an owner-occupant or investor, this is a fantastic opportunity to own in a growing, vibrant area. A Must Buy!

5618 S Prairie Avenue Unit #2, Chicago

$269,900

8 Beds ⋅ 2 Baths ⋅ 12740186 MLS ⋅ PRICE CHANGE Status

Experienced Investors and builders! This all brick 2 unit building needs a re-start. Once rehabbed you can rent out the 2 units featuring 3 Bedrooms on the first floor and 5 bedrooms on the second! OR completely change the building to a massive single family home in a booming area. Easy access to the Dan Ryan expressway - 15 minutes to downtown Chicago. A short 6 minute drive to the University of Chicago and 10 minutes to the new Presidential Library. New pictures and showings to come after a professional clean out of the building. All offers will be strongly considered.

5851 S Wabash Avenue, Chicago

5423 S Michigan Avenue Unit #3S, Chicago

$119,900

2 Beds ⋅ 2 Baths ⋅ 12757573 MLS ⋅ ACTIVE Status

Newly painted condo in Washington Park location on Michigan Avenue third floor unit. Hardwood floors. Parking included in rear. Plenty of street parking for guests. Two bedrooms 1.5 bathroom condo with a spacious layout and area in the front which can be an office with street views. Washer, dryer in unit. Investor friendly as this unit can be rented with good rental income. Located near schools, parks, retail and public transportation. Sold as is.

5423 S Michigan Avenue Unit #3S, Chicago

$259,900

3 Beds ⋅ 2 Baths ⋅ 12758271 MLS ⋅ ACTIVE Status

This 2-story house at 112 Washington Park offers a large living room that serves as a perfect gathering space. The separate dining room provides an ideal setting for meals, while the spacious kitchen is equipped with new appliances, making it functional for everyday cooking. The home features 3 bedrooms and 1 and one half baths, accommodating comfort and convenience. A clean full basement adds extra storage or recreational space. Recent updates include new siding and a new roof, ensuring a modern exterior and durability. The 2-car garage comes with a new door and an automatic door opener for easy access. A welcoming front porch rounds out this inviting home.

112 Washington Park, Waukegan

$210,000

3 Beds ⋅ 2 Baths ⋅ 12756905 MLS ⋅ ACTIVE Status

Beautifully updated 3-bedroom, 2-bath condo in Chicago's Washington Park neighborhood with 1 deeded parking space (separate PIN). Open living and dining area features a gas fireplace, a curved bay-window wall, and hardwood floors throughout. Spacious kitchen offers stone countertops, cherry-tone cabinetry, and a full stainless steel appliance package. Primary suite includes a private ensuite bath with double-sink vanity and separate tub and shower. Two additional bedrooms with ample closet space share a second full bath. In-unit washer/dryer. Private rear deck access. Close to Hyde Park and Lake Shore Drive.

5207 S Indiana Avenue Unit #2, Chicago

$207,000

3 Beds ⋅ 2 Baths ⋅ 12753498 MLS ⋅ ACTIVE Status

This is a lovely affordable condo located in in the Washington Park area. The unit boasts hardwood floors throughout, and exposed brick in the living room. The kitchen has beautiful granite countertops, and stainless-steel appliances along with maple cabinetry. There are 2 lovely bathrooms with one in the main suite. This unit has a parking space included in the price for added convenience. This unit is being sold as-is condition.

5743 S Calumet Avenue Unit #3N, Chicago

$325,000

4 Beds ⋅ 2 Baths ⋅ 12736648 MLS ⋅ ACTIVE Status

Space, updates, and location come together in this exceptionally spacious 4-bedroom + large office residence offering over 2,300 square feet. . Ideally located minutes from the University of Chicago South Campus and Hospital this unique home also includes two parking spaces. The heart of the home is the open-concept kitchen designed for both everyday living and entertaining, featuring a large granite island, white cabinetry, soft-close drawers, and abundant prep and storage space. The kitchen has sufficient space to accommodate a dining and separate breakfast/beverage areas. Large windows throughout allow natural light to pour in, creating a bright and welcoming atmosphere, while hardwood floors add warmth and timeless appeal. The expansive living room, easily accommodates several floor-plan layouts and has a decorative fireplace as a focal point. The office provides excellent flexibility, ideal for working from home, a media room, or guest space. All four bedrooms are generously sized, and both bathrooms have been thoughtfully updated with clean, modern finishes. In-unit laundry adds everyday convenience. Enjoy exceptional outdoor living with two large private decks, perfect for entertaining, relaxing, or extending your living space outdoors. With its full-floor layout, expansive square footage, abundant natural light, in-unit laundry, two private deckss and parking this home delivers a rare combination of space, comfort, and lifestyle-just minutes from Hyde Park, The Obama Presidential Center-Library, grocery stores, green spaces, and public transportation.

313 E 60Th Street Unit #4, Chicago

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