Morgan Park Homes under $500,000

Welcome to Morgan Park, a hidden gem nestled in the vibrant city of Chicago, Illinois. Located in Cook County, this charming neighborhood offers a delightful blend of suburban tranquility and urban convenience. Known for its rich history and strong sense of community, Morgan Park is the perfect place for families, young professionals, and anyone looking to enjoy a peaceful lifestyle without sacrificing access to the bustling city.

One of the standout features of Morgan Park is its diverse selection of homes, particularly for those seeking properties under $500,000. Here, you can find a variety of charming single-family homes, spacious townhouses, and cozy bungalows that cater to different tastes and budgets. Many of these homes boast beautiful vintage architecture, lush gardens, and ample outdoor space, making it easy to envision your dream life in this welcoming neighborhood.

Residents of Morgan Park enjoy a wealth of amenities, including beautiful parks, top-rated schools, and a variety of local shops and restaurants. The neighborhood is well-connected to public transportation, providing easy access to downtown Chicago and other nearby attractions. Whether you're strolling through the picturesque streets, enjoying a picnic at one of the local parks, or participating in community events, Morgan Park offers a warm and inviting atmosphere that feels like home.

If you're looking for an affordable yet charming place to live in Chicago, Morgan Park is a fantastic choice. With its friendly community, beautiful homes, and convenient location, it’s no wonder so many are falling in love with this wonderful neighborhood. Come discover your new home in Morgan Park today!

Newest Morgan Park Homes under $500,000

$108,500

5 Beds ⋅ 3 Baths ⋅ 12774599 MLS ⋅ NEW Status

Spacious 2 story Brick Bungalow located in the Morgan Park neighborhood of the City. Features a separate Dining Room, a Bath on each level and a full partially finished Basement. Great space! Includes a full size Vacant Lot. Close to Shopping, Dining, Park, Major Taylor Trail and the I-57 Expressway. This is a Fannie Mae HomePath Property.

1344 W 108Th Place, Chicago

$329,000

3 Beds ⋅ 2 Baths ⋅ 12769293 MLS ⋅ ACTIVE Status

Move-in ready and packed with updates! Welcome to 10800 S Morgan St, a bright and beautifully updated corner home offering modern finishes, spacious living areas, and a private backyard. The open-concept main level features hardwood flooring throughout, abundant natural sunlight, and a fully remodeled kitchen with granite countertops, new stainless-steel LG appliances, and high-end Artika lighting. The large family room opens through sliding glass doors to a private backyard and new concrete patio. Recent improvements include a 4-month-old furnace, newer windows, new siding, fascia, soffits and gutters, and a fully sealed house perimeter. The home also offers a large basement, new concrete walkway, and a 2.5-car attached garage. A great combination of comfort, style, and major recent improvements-just move in and enjoy!

10800 S Morgan Street, Chicago

$120,000

3 Beds ⋅ 2 Baths ⋅ 12769624 MLS ⋅ PRICE CHANGE Status

Attention investors, rehabbers, and buyers looking to build equity! Welcome to 1008 W 115th St, a 3-bedroom, 2-bath home offering plenty of space and potential for the right buyer. The main level features a unique open layout with vaulted ceilings, exposed wood beams, hardwood flooring, and abundant natural light. The spacious kitchen offers ample cabinetry and an island with plenty of opportunity to redesign and create a modern open-concept space. The home features three bedrooms, two full bathrooms, and a full basement providing additional space and flexibility. With its existing character, generous layout, and renovation potential, this property is ready for someone with the vision to bring it back to life. Whether you're looking for your next fix-and-flip, rental investment, or a home you can renovate to your own taste, this property offers a great opportunity. Property is being sold as-is.

1008 W 115Th Street, Chicago

$209,900

3 Beds ⋅ 1 Baths ⋅ 12765612 MLS ⋅ ACTIVE Status

Welcome home to this charming 3-bed, 1-bath brick bungalow in Morgan Park! This home has many recent updates and offers a bright sun-filled living room, a stylish modern kitchen with quartz counters, hardwood flooring, spacious bedrooms, a full basement and detached garage. This home is being sold strictly as-is. No survey. Schedule a showing today! **This home is NOT for rent. Beware of rental scams**

1115 W 110Th Street, Chicago

$180,000

2 Beds ⋅ 1 Baths ⋅ 12753049 MLS ⋅ ACTIVE Status ⋅ Longwood Towers BLDG.

HISTORIC LONGWOOD DRIVE IS HOME TO THIS RENOVATED 1920'S 2-BEDROOM CONDO IN THE HIGHLY DESIRABLE BEVERLY SCHOOL DISTRICT. GLEAMING HRDWD FLRS; HIGH CEILINGS; DECK/PORCH IN BACK; CROWN MOLDING; PILLARS; ARCHED DOORWAYS; DINING ROOM; FRESHLY PAINTED CEILING & HALLWAY; IN-UNIT LAUNDRY; ONE SPACE PLUS GARAGE! ENJOY THE SECURITY AND PRIVACY OF A GATED COMMUNITY, WITH AN EXERCISE ROOM, PARTY ROOM & STORAGE. PET-FRIENDLY BUILDING, JUST STEPS TO THE METRA, WALKING TRAILS, AND PARKS. OWNER OCCUPIED OR RENTAL PERMITTED-A GREAT INVESTMENT OPPORTUNITY!

10927 S Longwood Drive Unit #3, Chicago

$250,000

3 Beds ⋅ 3 Baths ⋅ 12765440 MLS ⋅ ACTIVE Status

11343 S Green Street, Chicago

$304,000

3 Beds ⋅ 2 Baths ⋅ 12761339 MLS ⋅ ACTIVE Status

Absolutely stunning, updated brick split-level featuring 3 bedrooms, 2 full baths, and a beautifully finished basement which offers an opprotunity for a potential 4th bedroom. The main level offers a contemporary, open-concept living space with gorgeous hardwood flooring and recessed lighting. The gourmet kitchen is truly the heart of the home, featuring four state-of-the-art stainless-steel appliances, including a Samsung Smart refrigerator that allows you to order groceries at the touch of a button, built-in microwave, quartz countertops, and an oversized island with a built-in cooktop and seating for five. Upstairs, you'll find three spacious bedrooms, all with hardwood flooring, ceiling fans, and remote-controlled lighting, along with a beautifully updated full bathroom. Both bathrooms feature modern floating vanities and Bluetooth speakers for added convenience and style. The lower level provides even more living space with a spacious family room, office, and full bathroom. The basement was remodeled in 2026 adding luxury vinyl flooring and features newly installed drain tiles, adding an important improvement to the home's lower-level infrastructure. Windows, roof, energy-efficient hot water tank, and furnace were installed in 2018. This meticulously updated home combines modern style, functionality, and peace of mind-truly move-in ready!

1238 W 112Th Place, Chicago

$498,900

7 Beds ⋅ 3 Baths ⋅ 12760586 MLS ⋅ ACTIVE Status

Presenting a rare and one of kind architecturally designed French brick 2 unit residential building. Gut-renovated in 2000 (and updated between 2012-2014), this well-maintained 2-flat is ready for a new owner! Currently configured with a large (+/- 1,600 sf) 3/1 + den first floor simplex and a massive (+/- 2,700 sf) 4/2 + den duplex up. Both apartments feature hardwood floors, wood burning fireplaces and designer tilework throughout. Unit 2 has a dishwasher, stainless appliances and a 200 sf deck. The unfinished basement features 9 foot ceilings and a host of possibilities! This beautiful property presents an excellent opportunity for a live-in owner to reap the benefits of extra-large living while collecting healthy rent to help defray their cost of ownership. Alternatively, an astute investor may view this property as an excellent long or short-term rental opportunity given its favorable location near all that the Morgan Park & Beverley areas have to offer! Recent improvements include new hot water heaters in 2023 & 2024 and brand-new, complete 39K tear-off roofs (on the home and 2.5 car garage), including 6 skylights. Going somewhere? The CTA's #111 111th Street bus is practically at your front door, Metra's 111th Street station is literally across the street and when you need to get out of Dodge, I-57 & 94 are a short 2-minute drive! Area attractions include: The Beverly commercial corridor, the Beverly Arts Center and Prospect Park.

11127 S Homewood Avenue, Chicago

$205,000

3 Beds ⋅ 2 Baths ⋅ 12730717 MLS ⋅ ACTIVE Status

Incredible Opportunity & Massive Potential in Morgan Park! Bring your design ideas to this solid, single-family home located on a quiet, tree-lined street in Chicago's desirable Morgan Park neighborhood. Boasting "great bones" and a highly flexible layout, this property is the perfect canvas for investors, rehabbers, or savvy buyers looking to build immediate sweat equity. The main floor features 2 full bathrooms and a versatile footprint offering 3 bedrooms, with the easy potential to configure a 4th bedroom or home office depending on your needs. Upstairs, you will find an expansive finished attic that provides excellent space for a primary suite, playroom, or studio. The full basement includes a laundry area and offers ample square footage to build out additional bedrooms, a home theater, or the ultimate entertainment area. While the property does not have a garage, it features a long, private driveway with abundant off-street parking and a massive backyard perfect for summer gatherings, gardening, or outdoor entertaining. Conveniently located near local schools, parks, shopping, and public transit, this home offers the ideal combination of a neighborhood feel and city accessibility. Please note: This is an estate sale. The property has been priced to reflect its need for updates and is being sold strictly "as-is". Don't miss out on a fantastic opportunity to restore this classic Chicago home to its full glory!

10775 S Peoria Street, Chicago

$90,000

2 Beds ⋅ 2 Baths ⋅ 12750914 MLS ⋅ PRICE CHANGE Status

**NEW PRICE-TAKE ANOTHER LOOK AT 1341 W 112TH PLACE!** If outdoor space is high on your wish list, this 2-bedroom, 2-bath home deserves a closer look. Now offered at a newly reduced price, the property also includes an additional lot, creating an impressive amount of outdoor space for gardening, entertaining, recreation, or simply enjoying more room in the city. Start with the huge open front porch, ready for your favorite chairs and summertime relaxation. Inside, the home offers a traditional layout with plenty of opportunity to refresh, renovate, and personalize. Out back, a covered enclosed rear porch adds another flexible space. Need more room? The partially finished basement extends the possibilities and includes a partially finished bathroom, providing a head start for future improvements and additional usable space. Convenient access to neighborhood parks, shopping, public transportation, and major thoroughfares keeps everyday necessities within reach. **One home. An additional lot. A better price. A whole lot of possibilities.** Whether you're looking to renovate, invest, or create a home that reflects your own vision, this property gives you the space to think bigger. With the new price adjustment, now is a great time to take another look!

1341 W 112Th Place, Chicago

$215,000

2 Beds ⋅ 2 Baths ⋅ 12736202 MLS ⋅ ACTIVE Status

Welcome home to this charming 2-bedroom, 1.5-bath townhome in Morgan Park. Townhomes like this are rarely available in the neighborhood, making this a great opportunity for someone looking for a comfortable place to call home. The kitchen has been recently rehabbed with a fresh, updated feel. The spacious basement gives you plenty of extra room for storage, a home office, or family room! You'll also enjoy your own private side courtyard, offering a nice spot to sit outside, relax, or entertain. With low HOA fees and a great combination of indoor and outdoor space! Come take a look and see if it feels like the right fit for you. - As is-

2314 W 111Th Street Unit #A, Chicago

$280,000

3 Beds ⋅ 1 Baths ⋅ 12748824 MLS ⋅ ACTIVE Status

Attention Investors and Rehabbers Exceptional Investment opportunity on a quiet, tree-lined residential block located in the Beverly Park area. This solid built brick home features 3 bedrooms, and 1 full bathroom, and full size attic that can be converted into an additional bedroom. Property features Central air and hardwood floors. Approx. 1,250 square feet of living space, sitting on a massive 6,300 square foot lot along with a detached garage. Large beautiful fenced yard. Full-sized basement with lots of potential. Solid bones with room to add substantial value. Being sold "AS-IS". Bring your design ideas and capitalize in a highly desirable neighborhood.

10753 S Hale Avenue, Chicago

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