10 Homes for Sale Under 500k in Illinois

Don’t miss out on these fantastic opportunities for affordable homeownership in Illinois! Explore our curated selection of 10 homes for sale under 500k, where you can find your dream home without breaking the bank. Check them out below and make it yours!

2602 Wessex Dr | $459,900

2602 Wessex Dr, West Dundee, IL
Listing agent: Shawn Strach

Introducing an exquisite Ranch-style home nestled in the charming West Dundee community of Carrington Reserve. This beautifully maintained property is situated at the entry of the neighborhood, overlooking a serene pond and walking path, offering the perfect blend of nature and convenience.


Size: 2,910 sf


Price: $459,900


Listing details: As you enter this delightful home, you’ll immediately notice the abundant natural light and airy atmosphere created by the 9-foot ceilings throughout the first floor. The spacious living area boasts vaulted ceilings that add to the open feel, making it perfect for both relaxing and entertaining.


Contact: Shawn Strach, Dream Real Estate, +1 815.472.7720

3574 N Mill Creek Rd | $499,000

3574 N Mill Creek Rd, Scales Mound, IL
Listing agent: Andy Klemmt

Looking for country privacy in a wide-open setting? This two-story contemporary round house has it all. Sitting on a plateau of 47.94 acres 50 feet above Mill Creek with a mixture of woods and income producing cropland. Perfect for the hunter or wildlife watcher as deer and turkey are seen frequently on this property.


Size: 2,177 sf


Price: $499,000


Listing details: The living room, kitchen and master suite with jet soaking tab & standing shower are all located on the upper level and offer great views out of all the windows. Family room, two bedrooms, bath and a spare room that could be used as an office or bedroom, round out the main level. Outside is a deck to enjoy the breeze and sunsets.


Contact: Andy Klemmt, Choice Realty, +1 815-291-8911

2303 W Wilcox St #4W | $422,000

2303 W Wilcox St #4W, Chicago, IL
Listing agent: Kunle Folami

Introducing a stunning modern penthouse with a balcony and a private 500 sq ft roof deck that provides spectacular views of the city skyline and breathtaking sunsets. This thoughtfully designed and upgraded home offers open-concept living, perfect for entertaining and everyday living.


Size:  sf


Price: $422,000


Listing details: The beautiful kitchen features quartz countertops, stainless steel appliances, and a breakfast bar. The primary bedroom suite is flooded with natural light from oversized windows and includes a large walk-in closet and a bathroom with a double vanity + designer light fixtures. The second west-facing bedroom also offers stunning sunset views.


Contact: Kunle Folami, Fulton Grace, +1 773-816-4048

4510 Legends Dr | $385,900

4510 Legends Dr, Champaign, IL
Listing agent: Phil Trautman

High Efficient HVAC, Water Heater, Low-E Windows, 2×6” exterior walls, Energy Star appliances, Programmable thermostat, R49 ceiling Insulation & Air-Sealed Building Envelope. Don’t miss out on this beautiful home built by Central Illinois’ most trusted custom home builder.


Size: 1,983 sf


Price: $385,900


Listing details: 1st floor master suite has a custom barn door entrance, vaulted ceilings, a large walk-in closet, double vanity with a granite top, a custom tiled shower, linen storage, a separate toilet closet, and a second custom barn door to the bathroom. Bedrooms 2 & 3 plus loft upstairs.


Contact: Phil Trautman, Champaign County Realty, +1 217.202.1234

279 S Somonauk Rd | $399,900

279 S Somonauk Rd, Cortland, IL
Listing agent: Dianne Yelm

Fantastic Business opportunity, with these two Commercial lots located in downtown Cortland, driveway approach approved and installed, two water services and two sewer services, already at both locations.


Size: 0.85 acres


Price: $399,900


Listing details: Zoned C-2 commercial, but city is pretty open to any business plan. So bring your business ideas and let’s make a deal. 279 Lot has a separate parcel #0929-300-013


Contact: Dianne Yelm, Century 21, +1 630.234.8240

6503 Cork Ln | $357,000

6503 Cork Ln, McHenry, IL
Listing agent: Heather Butler

This turn-key colonial-style home is located in the Legend Lakes subdivision, featuring a great floor plan with 4-5 bedrooms and 2.1 baths. The rooms are spacious and offer plenty of storage space. The finished partial basement has lots of potential, making it an ideal space for various purposes.


Size: 2,263 sf


Price: $357,000


Listing details: The house has a large two-story entry, and the master bathroom features a walk-in shower with his and hers vanities. There is also plenty of closet space throughout the house, which is a great feature for homeowners. The first floor features a laundry room for added convenience, and the eating area has a new slider that leads out to a patio and a big backyard.


Contact: Heather Butler, Keller Williams, +1 815-529-3507

1909 W Alder Dr | $457,900

1909 W Alder Dr, Hoffman Estates, IL
Listing agent: Leslie Radzin

Beautiful Updated 4 Bedroom 2 Bath Split Level Home With Sub Basment in Sought After Poplar Hills, Located in North Hoffman Estates. Open Floor Plan, Large Remodeled Kitchen and Baths, Kitchen Has Granite Counter Tops, Wood Cabinets, A Wine Cooler and Plenty Of Room For All Your Guests.


Size:  sf


Price: $457,900


Listing details: Upper-Level Bedrooms All Have Bamboo Wood Floors. Lower Level With Bedroom Or Office and Full Bath. Enjoy The Family Room With A Cozy Stone Fireplace. This Amazing Home Has A Huge Deck and Backs To Open Space. Close To Expressways, Great Shopping Areas, Restaurants and 2.7 Miles To Harper College.


Contact: Leslie Radzin, Coldwell Banker Realty, +1 847-951-5460

18233 Gougar Rd | $495,000

18233 Gougar Rd, Lockport, IL
Listing agent: Steve Brashler

10 Acre parcel with mature walnut trees covering the property.


Size: 10 acres


Price: $495,000


Listing details: Close to Silver Cross Hospital and 355 interstate. 300 x 1482


Contact: Steve Brashler, RE/MAX, +1 708-912-0842

47W091 Middleton Rd | $325,000

47W091 Middleton Rd, Hampshire, IL
Listing agent: Diana Gonzalez



Size: 2,400 sf


Price: $325,000


Listing details: First Floor features Eat-In Country Kitchen with Granite Counters, 1st Floor Bedroom with Walk-In-Closet, 1st Floor Full Bath and Laundry, Living Room, Office and Mud Room. 2nd Floor has 2 Bedrooms, 1 Bath as well as a Bonus Room which is currently used for storage, but could be finished for additional space.


Contact: Diana Gonzalez, Luna Real Estate, +1 224-775-7226

1628 Wenonah Ave | $385,000

1628 Wenonah Ave, Berwyn, IL
Listing agent: Paul Escamilla

Welcome to your dream home! This Berwyn Gold Coast property has everything you’re looking for and more. This recently updated 4 bed, 1 bath home offers the perfect balance of style and comfort. From the moment you step inside, you’ll be captivated by the charming stained glass windows that fill the home with natural light.


Size: 3,361 sf


Price: $385,000


Listing details: This home boasts an updated basement, perfect for entertaining guests or creating your own personal oasis. Enjoy mealtime in one of the two dining areas, including a sun room with plenty of natural light. The kitchen features top-of-the-line stainless steel smart appliances and updated soft close cabinetry.


Contact: Paul Escamilla, Realty of Chicago, +1 708.837.1319

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