Calumet Heights Homes under $500,000

Calumet Heights Homes under $500,000

Welcome to Calumet Heights, a hidden gem nestled in the heart of Chicago’s South Side, where the charm of suburban living meets the vibrant pulse of urban life. This welcoming neighborhood is known for its tree-lined streets, friendly atmosphere, and a strong sense of community, making it an ideal place for families, young professionals, and anyone looking to enjoy the best of both worlds.

Calumet Heights boasts a rich history and a diverse population, contributing to its unique character. Residents here appreciate the blend of cultural influences, which is reflected in the local dining scene, parks, and community events. The neighborhood is home to several well-maintained parks, perfect for weekend picnics, leisurely strolls, or outdoor activities with the family.

For those considering making Calumet Heights their home, you’ll be pleased to know that there are plenty of charming properties available for under $500,000. From cozy bungalows to spacious two-story homes, there's something to suit every taste and budget. Many of these homes feature beautiful yards, modern amenities, and easy access to public transportation, making commuting to downtown Chicago a breeze.

With its combination of affordability, community spirit, and convenient location, Calumet Heights is a neighborhood that truly stands out. Whether you’re looking to settle down or invest, this area offers a wonderful opportunity to be part of a thriving community while enjoying the comforts of home. Explore Calumet Heights today, and discover your perfect place in this vibrant neighborhood!

Newest Calumet Heights Homes under $500,000

9320 S Ridgeland Avenue, Chicago
$139,900
4 Beds ⋅ 1 Baths ⋅ 12785013 MLS ⋅ NEW Status
Rare 4-Bedroom Home on Quiet Calumet Heights Block - Perfect for FHA 203(k) / Rehab Financing! Attention Homebuyers & Savvy Investors! Bring your design ideas to the highly sought-after Calumet Heights neighborhood. Situated on a quiet, exceptionally stable, and well-maintained residential block of South Ridgeland Ave, this property represents the ultimate blank canvas opportunity. This home boasts a rare 4-bedroom layout and a dedicated garage, making it the perfect footprint for a growing family or a high-yielding portfolio addition. The property is currently unrenovated and needs an overhaul, allowing you to bypass someone else's cheap cosmetic flip and instead design your dream home exactly to your taste. Why this block? The 9300 block of S Ridgeland Ave is known for its beautiful mid-century architecture, pride of ownership, and peaceful residential feel. You are minutes away from excellent local schools, parks, shopping corridors, and the Dan Ryan Expressway (I-94) for an effortless downtown commute. This home is strictly priced and tailored for an FHA 203(k) rehab loan or conventional renovation financing. Use your rehab loan to completely open up the main living space, install a luxury kitchen, or even add a highly coveted second bathroom to maximize your instant equity! The home is being sold strictly as-is, where-is. Don't miss the chance to secure a 4-bedroom footprint in one of the South Side's premier pockets. Schedule your walkthrough today and plan your masterpiece!

9320 S Ridgeland Avenue, Chicago

8718 S Euclid Avenue, Chicago
$354,900
3 Beds ⋅ 2 Baths ⋅ 12785767 MLS ⋅ ACTIVE Status
Welcome to 8718 S. Euclid Avenue!Discover this beautiful brick Chicago bungalow located in the desirable Calumet Heights neighborhood. This spacious home offers 5 bedrooms, a dedicated office, 2 full bathrooms, and a finished basement, providing flexible living space for everyday comfort, working from home, and entertaining. The main level features a welcoming open-concept layout connecting the living, dining, and kitchen areas, complemented by hardwood flooring and a charming spindle staircase with hardwood steps. The living room showcases an electric fireplace, creating a warm and inviting focal point. The updated kitchen features white shaker-style cabinetry, sleek black hardware and finishes, stainless-steel appliances, a convenient breakfast area, and additional space for a dining table. The finished basement offers additional living space with ceramic tile flooring, a spacious family room, a separate storage area, and a charming farmhouse-style door. Enjoy added convenience with motion-sensor lighting at the front and rear entrances, including interior lighting that activates when entering or exiting the home. Major updates in 2026 include a new roof on both the house and garage, along with a new A/C unit.The home also features a high-efficiency furnace and water heater, offering additional energy-conscious features for everyday living. Outside, you'll appreciate the detached 2-car garage and convenient access to parks, shopping, dining, schools, and other everyday amenities. Ideally situated near I-90/I-94, the Chicago Skyway, and other major roadways, this home offers convenient access to downtown Chicago and surrounding areas. Combining classic Chicago bungalow charm, modern updates, valuable mechanical features, and versatile living space, this property is a wonderful opportunity for its next owner. Schedule your private showing today and discover all that 8718 S. Euclid Avenue has to offer!

8718 S Euclid Avenue, Chicago

8714 S Merrill Avenue, Chicago
$329,900
3 Beds ⋅ 2 Baths ⋅ 12780329 MLS ⋅ ACTIVE Status
Welcome to 8714 S Merrill Avenue! This beautifully renovated, all-brick Georgian sits on a desirable corner lot in Chicago's Calumet Heights neighborhood, offering 3 bedrooms, 1.5 bathrooms, central air conditioning, and three levels of versatile living space at an exceptional value! The main level features beautifully refinished hardwood floors, abundant natural light, brand-new recessed lighting, and a spacious living room. The stunning updated kitchen features brand-new white shaker cabinetry, quartz countertops, a marble-look tile backsplash, stainless steel appliances, and a peninsula providing additional countertop space and storage. A widened doorway connects the kitchen to the dedicated dining room, creating a more open and functional layout. Upstairs, three comfortable bedrooms feature modern lighting with retractable ceiling fans, while the updated bathrooms showcase contemporary vanities, marble-look tile, matte-black fixtures, and refreshed finishes. The expansive finished basement recreation area offers additional flexible living space with recessed lighting, glossy finished floors, and a striking black exposed ceiling, ideal for entertaining, recreation, a home office, or fitness area. Outside, enjoy a spacious backyard, detached two-car garage with new siding, and additional covered patio space. The seller is also providing a one-year home warranty for added peace of mind! Conveniently located near Jesse Owens Park, shopping, and major expressways, including I-94 and the Chicago Skyway. With extensive 2026 renovations, timeless brick construction, modern finishes, and three levels of versatile space, this home delivers exceptional value without sacrificing style or functionality. Concerned about interest rates or upfront costs? Ask about DPA programs offering up to $15,000 for eligible buyers! We can connect you with a lending partner to explore available options and see if you qualify. Program terms and restrictions apply. Schedule your private showing today!

8714 S Merrill Avenue, Chicago

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