What You Get for $400,000 in Chicago

One of the best things about Chicago’s housing market is the range of options at virtually any price point. While the city certainly has no shortage of luxury homes, buyers don’t need to flex a big budget to afford brand new construction, a view of Lake Michigan, or the always-coveted backyard and two-car garage.

Case in point is the following selection of homes within the city limits priced at around $400,000. From a spacious new-construction condominium in Bronzeville to an updated bungalow in Portage Park, these homes check a lot of boxes on many buyers’ wish lists.

And even with a modest down payment of 5 or 10%, they still offer some people the chance to realize the dream of homeownership while pocketing savings versus renting. Read on for an assortment of Chicago homes for sale for $400,000.

1. 4816 S St. Lawrence Avenue #202, Bronzeville – $399,000

This new construction condominium in Bronzeville exudes style. The three-bedroom, two-bathroom residence is a spacious 1,800 square feet – all on one level – and includes an office nook, which is perfect for working from home. The open floor plan connects the living room, kitchen, and dining room for a seamless flow, and custom built-ins with LED lighting surround the fireplace for an added touch of elegance.

Other standout features of the residence include a walk-in closet with custom organizers in the primary bedroom, wood flooring throughout, a stacked washer and dryer, garage parking, and a rear deck.

The location is also a plus, as it is close to Bronzeville’s ever-expanding selection of local restaurants and shops. Additionally, the Green Line is nearby, offering quick transportation to downtown Chicago and other parts of the city.

2. 5340 W Dakin Street, Portage Park – $420,000

Located in Portage Park, on the Northwest Side, this Chicago bungalow has been thoughtfully renovated while still preserving its classic appeal. Some of the improvements include butcher block countertops in the kitchen, hardwood floors throughout, and bathrooms clad in contemporary subway tile. The house has three full bedrooms, a den, and two and a half bathrooms spread across 1,900 square feet. The two-car detached garage supplies off-street parking, while the backyard presents a peaceful spot to enjoy the fresh air.

Another desirable feature is this home’s proximity to dining options on Irving Park Road. The busy street has multiple cafes, bars, and quick-service restaurants. Plus, the 36-acre Portage Park is less than a block away and offers several amenities, including a field house, walking paths, baseball fields, tennis courts, and a swimming pool. Fun fact: the park hosted the 1972 U.S. Olympic swimming trials where Mark Spitz set several world records.

Overall, this classic Chicago bungalow is an ideal starter home in an up-and-coming area of the city. The exclusive listing is set to hit the market later this spring.

3​. 2909 N Sheridan Road #1909, Lakeview – $389,900

This newly renovated top-floor condominium in East Lakeview grants views of Lake Michigan (hence the name of the neighborhood), Navy Pier, and the city skyline. The prime location puts you in the heart of a vibrant community known for its diverse dining options, bustling nightlife, and some of the city’s best parks.

Inside, the two-bedroom, two-bath residence has been thoughtfully designed with an open-concept living, dining, and kitchen area that makes a great use of the space. The kitchen features sleek white gloss cabinets with black hardware, quartz countertops, and stainless-steel appliances, as well as a breakfast bar peninsula.

Residents of the building enjoy 24-hour doorman service, onsite maintenance, and a large common area patio and garden. The condo also comes with additional storage, and garage parking is available for rent on site.

4​. 2158 W Grand Avenue #401, West Town – $375,000

This well-lit two-bedroom, two-bathroom condominium in West Town has a spacious floor plan with a balcony accessible from the living room. The kitchen has been recently remodeled with stylish white cabinetry, quartz counters, and stainless-steel appliances.

The residence also features coffee colored hardwood floors throughout, surround-sound wiring, and a laundry room. The large primary bedroom also has an ensuite bath and organized walk-in closet.

The condo comes with one indoor garage parking space included. The building has secured entry, individual storage, and a common area dog run.

The condo is located within walking distance to a Mariano’s grocery store, Smith Park, and the local restaurants and shopping of Ukrainian Village.

5​. 1920 W Cullerton Street #1, Pilsen – $409,900

This new-construction condominium in Pilsen boasts an attractive, modern design with light Scandinavian wood floors and nearly floor-to-ceiling windows that let in tons of natural light. The three-bedroom, two-and-a-half-bath condo has 1,486 square feet of living space.

Other standout features include a full-size laundry room, wide mudroom area near the rear entrance, and a private south-facing patio with blue stone crushed gravel.

The location is close to restaurants and shops on 18th Street, as well as the bustling nightlife and rich culture of the Pilsen neighborhood. In addition, the Damen Avenue Pink Line stop is less than a two-minute walk away, making commuting around the city practical.

Ultimately, these five Chicago homes cover a range of styles for buyers looking to spend around $400,000 in popular neighborhoods like Bronzeville, Lakeview, and Pilsen. So, whether you’re a first-time homebuyer, moving up or down-sizing, these residences are a perfect opportunity to own a home in the City of Broad Shoulders.

Written by Pat Howard
Powered by coffee and positivity, Pat is a Content Writer with a knack for delivering punchy copy that keeps you reading.