realestate

Luxury Homes and Properties Under $500,000

Home prices range from $250K to $2 MIL.

T
his renovated townhome in Hyde Park boasts an open feel, thanks to the removal of a wall between the kitchen and living room. The three-floor setup allows for separate spaces for living, sleeping, and entertaining. With 2,000 square feet, you can turn the basement into another lounge or kids' play area, or use it as a third bedroom or home office.

    The 2019 renovation gave everything a fresh start, including new flooring and a modern kitchen and bathroom. Enjoy outdoor spaces like the deck off the kitchen and balcony off the primary bedroom when the weather permits. The property is located on a street of townhomes and apartment buildings, just a few blocks from Hyde Park's commercial hub.

    For $449,900, this two-bedroom condo in Highland Park offers a spacious feel with 25-foot ceilings and a second-floor loft. A balcony off the kitchen gets plenty of sunshine in the summer, while a gas fireplace warms up the living room in winter. The unit is part of the historic Fort Sheridan, converted from army barracks.

    This six-bedroom greystone in East Garfield Park was designed by Prairie school architect George Maher in 1901 and features ornate fireplaces and a massive amount of space for its price. However, it requires significant renovation work. Despite this, the property offers a lot of potential, including a two-story coach house that could be turned into a rental. The neighborhood is largely residential with plenty of green spaces nearby.

    The annual tax amounts provided are for 2023 unless estimated.

Affordable luxury homes and properties for sale under $500,000 in upscale locations.