Cheap South Side Houses for Sale in Chicago

Chicago’s South Side is one of the city’s most well-known parts. The South Side boasts several diverse neighborhoods as well as a variety of schools, museums, and parks.

URB has affordable houses available in this Chicago area that you will definitely want to check out. Keeping reading to learn more about the areas URB has South Side houses for sale in Chicago.

The South Side Is on the Rise

Chicago’s South Side has a lot of historical significance and continues to be an important part of Chicago’s community. The South Side dates back to the 1800s and began serving as an industrial hub in the 1860s.

The Union Stock Yard opened in the South Side and fueled the area’s economy. As industries shifted, people began working more service jobs rather than industrial jobs. So many factories became abandoned.

But in the 1990s, work returned to the area hundreds of firms moved into the old Union Stock Yard. Today, there are a variety of diverse neighborhoods. They include Dearborn Park, Bridgeport, Central Station, the Gap, Kenwood, Hyde Park, and Chatham.

Chicago real estate agent, Don Robinson, says the South Side continues to have a great amount of potential. New developments, such as the Obama Presidential Center, attract potential homebuyers.

Several neighborhoods have established public transportation and access to Lake Michigan. Robinson says that the neighborhoods South Shore, Kenwood, and Woodlawn are hot spots for real estate.

Many of these neighborhoods were once falling apart. Younger people who can afford property in the area are revitalizing them.

Finding Cheap South Side Houses for Sale

The South Side of Chicago is the largest of the three sides in the Windy City. It includes several neighborhoods. The South Side features a diverse variety of neighborhoods ranging in economic status.

The neighborhoods Englewood, Pullman, Armour Square, Bridgeport, and Back of the Yards are middle class and blue-collar.

The neighborhoods Kenwood, Hyde Park, Jackson Park Highlands District, Beverly, Morgan Park, and Mount Greenwood are more affluent and house upper-class families.

Several areas in the South Side have become gentrified in recent years. This gentrification has revitalized some areas. It has also raised the prices of homes, making it difficult for those who can’t afford it.

Neighborhoods like the Pullman area still have houses that are affordable. The Hyde Park neighborhood is now more expensive. 

Englewood Neighborhood

Englewood is one of the South Side’s most affordable neighborhoods. It is home to historical buildings and a bustling shopping district. Englewood has experienced revitalization as more developments are occurring in the South Side.

This neighborhood has several educational institutions and easy access to transportation lines. The average home in Englewood costs $72,500.

There are a variety of property types available to buy in this area. There is a multi-family 2 flat property on S Bishop Street available for $85,000 that features 3 bed/1 bath units. 

This property on W. 69th Street is a mixed-used property listed for $75,000. This property comes with five bedrooms as well as a storefront with a first-floor apartment.

The property is in a part of Englewood, located in the South Side, has experienced a great amount of development and would be a great investment.

The Englewood neighborhood is starting to garner more attention but prices are still low so now would be a great time to buy before prices rise.

Pullman Neighborhood

The Pullman neighborhood was built in the 1880s by George Pullman as the country’s first industrial planned neighborhood. Pullman built the community for the workers at the Pullman Palace Car Company.

This neighborhood is a Chicago landmark district. It features several historical brick homes as well as the Pullman National Monument. 

There are several affordable homes in the Pullman neighborhood. These include cheap foreclosed homes, vacant homes for sale, and owner-financed houses for sale.

Several properties listed on a variety of real estate websites range from $50,000 or less to the $100,000s. Many of these properties are either being auctioned or are foreclosed or bank-owned.

If you are looking for cheap houses for sale in Chicago, IL, this is definitely a neighborhood you will want to check out.

West Pullman Neighborhood

West Pullman is another historical community that has industrial roots. This neighborhood is one of the most affordable neighborhoods in Chicago, with an average home price of $119,000.

Historically, this neighborhood was home to many of the workers of the Pullman Train Company. West Pullman includes several parks, schools, and churches. This area also has plenty of transportation options and new city investment projects are in the works.

This affordable property costs $80,000. It’s a two-story property with two units. Each unit features three bedrooms and one bathroom.

This property is in the City of Chicago School District 299. It’s near several elementary and high schools.

South Shore Neighborhood 

The South Shore is another affordable neighborhood in Chicago’s South Side. There are several affordable lakeside properties available in this area, making it increasingly popular.

This neighborhood is close to popular locations such as the Museum of Science of Industry, Jackson Park, and the University of Chicago. It also has easy access to public transportation and to Lake Shore Drive.

The average home price in South Shore is $118,500. This neighborhood has several distinctive homes that you will want to check out before prices skyrocket.

Welcome to the Neighborhood

The South Side is home to a variety of unique neighborhoods with historical significance. While many areas in Chicago are becoming more and more expensive, the South Side is an area that still has affordable homes.

You will definitely want to check out the many cheap South Side houses for sale before prices increase. When you’re ready to start looking, contact us here for all your home hunting needs!