South Shore Homes under $200,000

Welcome to South Shore, a vibrant neighborhood nestled along the picturesque shores of Lake Michigan in Chicago, Illinois. Known for its rich history and diverse community, South Shore offers a unique blend of urban convenience and natural beauty. With its tree-lined streets, charming parks, and stunning lakefront views, this neighborhood is an ideal place for those seeking a welcoming atmosphere in the Windy City.

One of the most appealing aspects of South Shore is its affordability, particularly for first-time homebuyers and those looking for homes under $200,000. In a city where housing prices can soar, South Shore stands out as a beacon of opportunity, providing residents with a chance to invest in their future without breaking the bank. Here, you can find a variety of housing options, from cozy bungalows to spacious multi-unit buildings, all brimming with character and potential.

The neighborhood is also home to a wealth of amenities, including local shops, restaurants, and cultural attractions. Enjoy leisurely strolls along the lakefront, or explore the nearby South Shore Cultural Center, which hosts a variety of events and activities throughout the year. The community’s strong sense of pride and engagement is evident in its numerous neighborhood events, making it easy to connect with your neighbors and feel at home.

Whether you’re a young professional, a growing family, or someone looking to downsize, South Shore offers an inviting community and affordable housing options that make it a fantastic place to call home. Discover the charm of South Shore today and see why so many are choosing to make this neighborhood their own!

Newest South Shore Homes under $200,000

$90,000

2 Beds ⋅ 2 Baths ⋅ 12775472 MLS ⋅ NEW Status

BROKER OWNED - Welcome to this 2-bedroom, 11/2-bath end-unit townhome featuring a finished basement and a range of recent updates. This property is an excellent opportunity for a first-time homeowner or an investor looking for a potential rental property. Recent improvements include fresh interior paint throughout, new laminate flooring on the main level and in both second-floor bedrooms, new appliances, updated light fixtures, and a new roof. A central station alarm system has also been installed, providing added security and convenience for either an owner occupant or tenant. Also available for rent at $1,600 per month (MLS 12775918). Don't miss the opportunity to make this updated townhome your next home or investment property.

7853 S Coles Avenue Unit #I, Chicago

7337 S South Shore Drive Unit #1410, Chicago

$55,000

1 Baths ⋅ 12775177 MLS ⋅ NEW Status

Top-floor living in the heart of South Shore! This gorgeous studio offers a bright, inviting space in a full-service building featuring 24-hour door staff, fitness center, on-site laundry and parking availability. Enjoy the convenience of a secure, well-maintained building just minutes from the lakefront, parks and the Obama Presidential Center, less than 3 miles away. Perfect for an owner-occupant, city retreat, or investment. Sold as-is.

7337 S South Shore Drive Unit #1410, Chicago

7337 S South Shore Drive Unit #412, Chicago

$62,950

1 Beds ⋅ 1 Baths ⋅ 12774368 MLS ⋅ NEW Status

Occupied 1 bedroom and 1 bath Condo! Please DO NOT DISTURB the occupant. Situated in a well-maintained, investor-friendly building, residents enjoy premium amenities including 24-hour door staff and security, a fitness center, and convenient on-site laundry facilities. Perfect for an owner-occupant looking to build equity or an investor looking for a high-potential property! The property is sold in AS IS condition!

7337 S South Shore Drive Unit #412, Chicago

$185,000

5 Beds ⋅ 4 Baths ⋅ 12768706 MLS ⋅ NEW Status

Calling all investors! Bold red & brown brick, contrasting stone accents, and detailed masonry give 7817 S Euclid Avenue a commanding curbside presence . Inside, this two-flat offers the space and character to create something truly special. Each unit features a spacious living room and a separate dining room. The first-floor unit has 3 bedrooms and 1.5 baths. Upstairs, the second unit has 2 bedrooms and 1 bath, plus a heated tandem room with a closet, accessed through the second bedroom, that could make a home office. An additional half bath is located in the basement. Broad front windows, built-in shelving, a fireplace surround, and original hardwood beneath the carpet offer inspiration for the renovation ahead. The building's roof and windows were updated a few years ago. Both units need significant interior updating, and the garage roof needs repair. Bring your contractor, your imagination and make it your own! Selling AS-IS!

7817 S Euclid Avenue, Chicago

$90,000

2 Beds ⋅ 1 Baths ⋅ 12771373 MLS ⋅ NEW Status

Located just Jackson Park and the lakefront, this spacious two-bedroom condo offers the right location while blends character and charm effortlessly. The unit is on the second floor and features natural hardwood floors throughout the unit, off the formal living room you will find a spacious sunroom which allows natural light to shine in throughout the day. The kitchen is spacious and gives an open feel into the living room/dining room area with two very large bedrooms toward the rear of the unit. Each bedroom features ample closet space, great size and individual furnace. The location is ideal, minutes from the lake, walk to Jackson Park and much more, units such as this do not hit the market often and will not last long in this area.

1942 E 72Nd Place Unit #2A, Chicago

$145,000

3 Beds ⋅ 2 Baths ⋅ 12769961 MLS ⋅ ACTIVE Status

Opportunity awaits in the heart of South Shore! This unique property began life as a single-family home and was converted into a two-flat many years ago, offering flexibility for investors, renovators, or owner-occupants with vision. In need of some tender loving care, this property is ready for its next chapter. The first-floor unit features 1 bedroom and 1 bathroom, while the second-floor unit offers 2 bedrooms and 1 bathroom, for a total of 3 bedrooms and 2 full baths. Whether you're looking to restore the home to its original single-family layout or maintain it as a two-unit income-producing property, the possibilities are plentiful. Convenient access to public transportation and downtown Chicago. Nearby attractions include Museum of Science and Industry, Jackson Park, and the scenic shores of Lake Michigan. Bring your ideas, your contractor, and your vision to unlock the full potential of this versatile property Whether you're creating your dream home or building long-term equity through rental income, this is an opportunity you won't want to miss.

2848 E 79Th Street, Chicago

$96,000

3 Beds ⋅ 2 Baths ⋅ 12768864 MLS ⋅ ACTIVE Status

Fabulous Rehab Project ! Awesome South Shore Location! Just minutes from Rainbow Beach Park, Lake Shore Drive, Lake Michigan and a quick 15-minute drive to Downtown Chicago! Steps from the Cheltenham/79th Street Metra Station. This home needs work, but has a lot of potential! Basement is spacious with room for a bedroom, family room, and utility/laundry room; also has a full bathroom. Main level has 1 large bedroom that can be made back into 2 as it originally was constructed. Large and open living/dining room. Upstairs has 2 smaller bedrooms with room to dormer and add a bathroom. BRING YOUR IDEAS AND MAKE THIS PROJECT YOURS! Buyer to assume any City of Chicago Violations. No Survey, Sold AS IS - Owner Financing of Purchase is available.

2921 E 78Th Place, Chicago

6832 S South Shore Drive Unit #2, Chicago

$85,000

2 Beds ⋅ 2 Baths ⋅ 12768340 MLS ⋅ ACTIVE Status

**Prime location and historical landmark building across from South Shore Country Club. Featured in the Smithsonian National Museum of African American History, you will love the opulence. Lots of natural light, and it can be converted into a three-bedroom condo. The generously sized bedrooms, original hardwood floors, and large kitchen will give you the space you need. Enjoy the proximity to the lakefront. Many easy transportation options. This is a short sale in its early stages, so buyers will need to be patient. Heat is included in the assessment. Nearby Parking is available for rent. Sold AS-is.

6832 S South Shore Drive Unit #2, Chicago

$169,900

2 Beds ⋅ 3 Baths ⋅ 12768348 MLS ⋅ PRICE CHANGE Status

Located in the sought-after south shore community this modern, updated bungalow offers an expansive floor plan with the modern updates all buyers are seeking in today market. As you walk into the home you will love the open large living room with natural gleaming hardwood floors and a decorative fireplace. Hardwood floors run throughout the remainder of the main level, there is a spacious first floor bedroom as well on the first floor! The kitchen has been tastefully updating with newer cabinets, backsplash with quartz counters! The kitchen has an island which is not often found in these style bungalows and off the kitchen is a large family room which can also be used as a breakfast room or office! The second floor of this home is an owners dream with a full floor primary suite, large bedroom which flows into the spa like bathroom! AS if this was not enough space the basement is finished as well with a third bedroom, family room and much more! this home has it all and is a home which should not be overlooked, minimal cosmetic updates to be done but tons of value upside! Get inside today to see all this home has to offer!

7826 S Paxton Avenue, Chicago

6730 S South Shore Drive Unit #501, Chicago

$110,000

2 Beds ⋅ 2 Baths ⋅ 12766485 MLS ⋅ ACTIVE Status

This Short sale is now APPROVED! ~ Unobstructed lake views from this bright corner unit condo home! Enjoy lakefront living with a garage parking space, balcony, and warm door staff. Watch the waves come and go while enjoying a majestic sun rise. Plus, located just steps away, you'll find a historic golf course, lake jogging and bike paths, boating, Lake Shore Drive, CTA/bus to downtown; and Metra is nearby! Assessments include heat, door staff, and parking. This is a short sale that has now been approved. Special Assessment/HOA charges/Seller closing costs to be paid at closing (See Short Sale / Seller Costs Addendum). Come discover this remarkable lakefront living location!

6730 S South Shore Drive Unit #501, Chicago

$49,900

2 Beds ⋅ 2 Baths ⋅ 12765645 MLS ⋅ ACTIVE Status

Here is your chance for a fixer upper. Cash only.

2844 E 79Th Street, Chicago

6700 S South Shore Drive Unit #24K, Chicago

$99,000

1 Baths ⋅ 12765393 MLS ⋅ ACTIVE Status ⋅ Quadrangle Condos BLDG.

Stunning lake and skyline views await in this spacious, move-in-ready condo featuring floor-to-ceiling windows that fill the home with abundant natural light. The open-concept kitchen flows seamlessly into the living area. Flexible floor plan that can be easily converted into a 1 bedroom plus additional office nook. Enjoy the convenience of a full-amenity building with 24-hour door staff, a fitness center, party room, laundry facilities, and on-site management. Building is investor friendly (minimum 6 month lease) Perfectly located with easy access to Lake Shore Drive, public transportation, the lakefront, Jackson Park Golf Course, the South Shore Cultural Center, and the Obama Presidential Center. You'll also be just minutes from Hyde Park's vibrant shopping, dining, and entertainment. Don't miss this incredible opportunity to own a home in a prime location with breathtaking views!

6700 S South Shore Drive Unit #24K, Chicago

Start Your Search

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than our company are marked with the MRED Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (the MRED logo) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Copyright 2026 MRED LLC. All rights reserved.

Based on information submitted to the MLS Grid as of . All data is obtained from various sources and has not been, and will not be, verified by broker or MLS Grid. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the DMCA) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@theMLSGRID.com.

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Some listings have been excluded from this website.