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    Chicago, IL Cheap Homes for Sale

    Listings last updated 12/02/2022

    1,389 Homes under $230,000 Available

    1 - 24 of 1,389 Results

    Frequently Asked Questions

    Is it cheaper to build or buy a home?

    Whether it’s less expensive to build or buy a home varies by market, so it’s essential to know all of the costs involved (detailed below) and get local estimates before deciding which route to take. For example, buying a house involves not only the price of the home (or the down payment if you’re taking out a mortgage), but also the closing costs, insurance, property taxes and homeowner’s association fees, if any. In addition, there’s the cost of repairing/replacing older systems and appliances, as well as renovating the home if it’s not a new construction. Likewise, building a home includes a variety of costs, as well. Specifically, there’s the price of the plot of land; hiring architects and engineers; building permit, inspection and impact fees; excavation and foundation costs. Plus, there’s the actual cost of construction (including labor, materials, finishes, appliances and utility hook-ups). Then, in the case of a land and/or construction loan, there are the associated closing costs, plus insurance, property taxes and the cost of landscaping. Moreover, you’ll also likely have to rent during the build, so you’ll have to factor in temporary housing costs, too.

    Which state is the most affordable in terms of real estate?

    If you’re looking for inexpensive housing, some of the most low-cost homes for sale can usually be found in West Virginia, Ohio, Arkansas and Kansas.

    How many cheap properties for sale are available in Chicago, IL?

    On Point2, you’ll find 1,389 affordable houses for sale in Chicago, IL, with prices starting at $18,000.

    How do I search for cheap homes for sale in Chicago, IL?

    Browse cheap houses for sale in Chicago, IL and check out property descriptions, photos and virtual tours. You can also narrow your search by filtering based on price drops, which can be especially useful when looking for cost-effective properties. Moreover, be sure to use the map view if you’re searching for cheap houses for sale near you.

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    Real Estate Experts in Chicago, IL

    Open Houses in Chicago, IL

    Photo of 2258 W. ADAMS Street, Chicago, IL
    2258 W. ADAMS Street, Chicago, IL
    $200,000 USD
    Open House
    Sat, 3 Dec 11:00 AM to 12:30 PM
    • 2 BedsBds
    • 2 BathsBa
    • Residential
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