Real Estate in Chicago for $200,000 and Less

Chicago is the largest city in the mid west and an important center for business and finance. It is home to many great colleges and universities and has quite a mixture of real estate, even at the lower end of the price range.

Chicago is a city of neighborhoods, many, many neighborhoods each one with a distinctive atmosphere and live style and there are literally thousands of properties for $200,000 and under. Most of them will be co ops and condos and with two bedrooms at the most. You can also find small two and three bedroom single family homes in some of the neighborhoods.

If you are not familiar with Chicago, you need to rely on a real estate agent. Make a list of what is most important to you in your price range and let them do the work. You will have to decide what is most important to you. The need to be near transportation, whether you need a unit with three small bedrooms or two large ones, sometimes a two bedroom unit can actually have more square footage than and three bedroom. Take a look at as many neighborhoods as you can with the agent and then go back on your own and walk around, visit the parks, stop in at the restaurants and shops. Check out all your options. Once you find the perfect place, you will be the first to know.

East Garfield Park
East Garfield Park is on the West Side of Chicago and is one of the areas that has been going through revitalization. Buying here could be a good investment.
A three-bedroom condo in a converted townhouse for $200,000

North Center
North Center is on the North Side of Chicago and is home to many great restaurant and clubs.
A one bedroom condo in a two-story apartment building for $200,000

South Lawndale
South Lawndale has the largest Mexican American population in the mid west.
A small three bedroom one story home for $200,000

Logan Square
Logan Square is in the North Central part of Chicago and is an ethnically mixed vibrant neighborhood where you can enjoy very type of ethnic food imaginable.
A two-bedroom condo in a townhouse for $200,000

Avondale
Avondale is a blue collar working neighborhood on the North West Side of Chicago, with a mix of residential and industrial real estate.
A two-bedroom condo in an apartment building for $200,000

Rogers Park
Rogers Park is the home of Loyola University. And it is on the west shore of Lake Michigan. It has been going through a large transformation process in recent years, with many buildings being converted to co ops and condos. There is a lot available here.
A two-bedroom condo in a two-story loft building for $200,000

Ashburn
Ashburn is on the southwest side of Chicago, near The Loop. And the hub of Chicago.
A three-bedroom ranch house for $200,000