Evanston Homes under $500,000

Welcome to Evanston, Illinois – a vibrant city that beautifully blends the charm of a historic community with the energy of modern living. Nestled along the shores of Lake Michigan and just a short train ride from downtown Chicago, Evanston is renowned for its picturesque tree-lined streets, stunning waterfront parks, and a rich tapestry of cultural experiences. Home to Northwestern University, the city boasts a youthful spirit, lively arts scene, and a diverse array of dining and shopping options that cater to every taste.

For those seeking an affordable yet desirable place to call home, Evanston offers an array of charming residences priced under $500,000. Here, you can find everything from classic bungalows and cozy cottages to contemporary condos, all set against the backdrop of this welcoming community. These homes often feature unique architectural details, spacious yards, and access to some of the area's best schools, making them perfect for families, professionals, and anyone looking to plant roots in a thriving environment.

Evanston is not only about stunning homes; it also provides an abundance of recreational opportunities. With beautiful beaches, scenic parks, and a vibrant downtown filled with shops and cafes, residents can enjoy an active lifestyle year-round. Whether you’re strolling along the lakefront, exploring local art galleries, or savoring a meal at one of the many acclaimed restaurants, Evanston promises a fulfilling and enriching lifestyle.

Discover the charm of Evanston and explore the wonderful homes available under $500,000 – your dream home awaits in this delightful city!

Newest Evanston Homes under $500,000

$449,999

2 Beds ⋅ 2 Baths ⋅ 12782915 MLS ⋅ NEW Status

Highly upgraded top floor 2bd/2ba condo in National Register of Historic Places building. Located on a serene, tree-lined street in Southeast Evanston. Flooded with natural light and beautiful views, this condo has an open layout and thoughtful floorplan. A sun filled living room, including 9 ft ceilings, cove moldings floor to ceiling French door windows and a fully restored working wood-burning fireplace (2026), looks out over the tree tops and a central courtyard with tranquil water fountain. A spacious separate dining room with French doors (2026) large enough to accommodate even the largest of tables. An incredible, bright kitchen with stone countertops, stainless steel appliances (2024) and custom cabinets. Two spacious bedrooms (one with a custom built-in murphy bed (2025) and office) and two designer bathrooms with high end finishes. Gorgeous, recently refinished dark hardwood floors (2025). A large private storage room is a rare and valuable feature. Strong, professionally managed association with low assessments. Easy street parking. Ideally located between Lee Street Beach and the Main-Dempster Mile, close to the lake, restaurants, coffee shops, groceries, parks, the "El", Metra, downtown Evanston and Northwestern.

946 Michigan Avenue Unit #3C, Evanston

$217,000

2 Beds ⋅ 1 Baths ⋅ 12780661 MLS ⋅ NEW Status ⋅ Park Place Condominiums BLDG.

Live in one of Evanston's most sought-after neighborhoods in this freshly painted, sunlit 2 bedroom, 1 bath, third-floor corner condo with south, north and west exposures. The kitchen has been completely gutted and remodeled with stone countertops, stainless steel appliances and engineered wood floors, and the bathroom has a new sink/vanity and toilet. Parking available right across the street $100/mo. Relax in the lush courtyard with a book, or grill dinner with fresh basil and other herbs from the shared garden. Monthly assessments include heat, water, WiFi, common insurance, exterior maintenance, lawn care, scavenger and snow removal. The community is self-managed and VA approved, with healthy reserves. Walk a few short blocks to Metra, the Purple Line CTA Express and other transportation options, stroll Main Street's boutiques, restaurants, coffee shops and parks, or walk 15 minutes to South Blvd. beach. Trader Joe's, Jewel and Binny's are all within walking distance, and the lakefront is at your fingertips for biking, tennis, basketball, sailing or jogging. Street parking is easy, or rent a space monthly in the lot across the street. The unit is move-in ready, with a large storage area in the basement, one AC unit included, free laundry in the basement, and shared bike storage. In-unit laundry is allowed. Pet friendly. Owner occupancy is required for 2 years before renting, with a 2-year rental limit.

721 Reba Place Unit #3N, Evanston

$456,000

2 Beds ⋅ 2 Baths ⋅ 12781628 MLS ⋅ NEW Status

VINTAGE CHARM AND MODERN UPGRADES WITH LAKE MICHIGAN VIEWS! Lake Shore Condominium Apartments, one of Evanston's most desirable, are located across from Lake Michigan in Southeast Evanston. This rarely available 2-bedroom, 2-bath corner unit on the first floor has lake and courtyard views with lily pads and fountain. The apartment features a large, updated kitchen with Stainless Steal appliances. The bathrooms feature original porcelain tiles on walls and floors. The bathroom tubs and sinks have been restored. Both bedrooms, including one en suite with a bath/shower are generous in size and overlook the tranquil fountain in the landscaped courtyard. Large bedroom has custom window treatments with top down bottom up features. Lake Michigan views from this bedroom. The second bedroom has window shutters and overlooks the courtyard pond. The apartment has amazing natural light and views of Lake Michigan from the spacious living and dining rooms both with custom remote controlled window treatments. You have the elegance of the 1920's, with tall baseboards, crown molding, high ceilings as well as modern amenities such as in-unit laundry. The archways have custom woodwork with artistic details and keystones. Custom hardwood handcrafted radiator covers and hardwood floors throughout. Deck off the kitchen, which is a perfect place to enjoy during the seasonal months. New electric wiring throughout the unit and new electrical panel. Huge secured storage space in the basement; 5X8X10 and bike storage Steps to the beach, and a short distance to the Purple CTA Line and the Metra. A quiet building with a full-time custodian available. Professionally managed. Healthy HOA with recent improvements including newer windows and a newer roof, and porches. This vintage property is for those who appreciate detail and craftmanship.

482 Sheridan Road Unit #1, Evanston

$400,000

3 Beds ⋅ 2 Baths ⋅ 12780641 MLS ⋅ NEW Status

New roof just installed!! Welcome home to this beautifully updated fee-simple townhome tucked away in a secluded courtyard setting in Evanston. Offering three finished levels of comfortable living space, this home combines modern updates with a warm and inviting atmosphere. The main level features hardwood floors, a spacious living room and dining area, and an eat-in kitchen with granite countertops, stainless steel appliances, and plenty of space for casual dining. Upstairs, you'll find three generously sized bedrooms and a full bath, creating the perfect retreat for family, guests, or a home office. Convenient first floor powder room and direct access to a large private patio-ideal for outdoor dining, entertaining friends, or simply relaxing with your morning coffee. The lower level provides a cozy family room, perfect for movie nights or additional living space, along with a full-size laundry room for added convenience. Located within a charming and peaceful courtyard community, this home offers a rare combination of privacy and accessibility. An assigned parking space is included, and the low-maintenance fee-simple ownership makes this an excellent opportunity for first-time homebuyers, downsizers, or anyone seeking comfortable living in a desirable Evanston location.

215 Dodge Avenue Unit #F, Evanston

$295,000

2 Beds ⋅ 1 Baths ⋅ 12777639 MLS ⋅ NEW Status ⋅ Normandy Condominiums BLDG.

Rare opportunity to own a move-in ready 2 bedroom, 1 bathroom Evanston condo featuring a highly sought-after private front balcony and assigned parking included! This bright, updated home boasts new refinished hardwood floors, recessed lighting, crown molding, and a spacious living/dining combo perfect for everyday entertaining. The modern eat-in kitchen shines with beautiful bluestone slate floors, stainless steel appliances: electric stove (2-3 y/o), refrigerator, dishwasher (2026), granite countertops, undermount sink, custom cabinetry and task lighting. Both bedrooms are generously sized-including a primary bedroom with double closets and a flexible second bedroom ideal for a home office. Updated bathroom with custom vanity and Moen fixtures. All new windows (2024). New rear deck (2026). Baseboard heat + window AC. Private storage and common area laundry room accessible via interior stairs. Secure Bike Room. This is a professionally managed HOA with healthy reserves and no upcoming special assessments. Cats are welcome (sorry no dogs). Rentals are restricted to immediate family. This exceptional location offers easy access from your front door to local retail, coffee shops, restaurants and neighborhood cafes, parks and grocery and is just minutes to bus access and the Metra station. This is Evanston living at its finest! Do not miss your opportunity to make this one-of-a-kind home yours now!

2238 Central Street Unit #2, Evanston

$350,000

2 Beds ⋅ 2 Baths ⋅ 12778668 MLS ⋅ NEW Status

Recently repositioned and now one of the best values on Central Street. Welcome home to The Central Park, a boutique elevator building ideally located just steps from Central Street's vibrant shops, restaurants, Metra, CTA, parks, and everything that makes this neighborhood so desirable. This sun-filled top-floor 2-bedroom, 2-bath residence offers a bright southern exposure, abundant natural light, and a spacious, highly functional floor plan designed for comfortable everyday living and entertaining. The inviting living room features a cozy gas fireplace and opens to a private balcony where you can enjoy sunshine year-round and front-row views of Evanston's iconic Fourth of July Parade. The generously sized primary suite offers a large walk-in closet and a spa-inspired bath with a separate shower and soaking tub. A spacious second bedroom and full guest bath provide flexibility for guests, family, or a home office. The kitchen features abundant oak cabinetry, Corian countertops, and newer appliances, while hardwood and wood laminate flooring extend throughout the home. Recent improvements include Pella Architectural Series windows and Hunter Douglas blinds (2021). New HVAC 2021 . New appliances 2023 - 2024. Additional conveniences include in-unit laundry, heated garage parking, dedicated storage, and plentiful closet space. Pet-friendly and professionally managed, the building enjoys strong reserves and a well-maintained community atmosphere. A rare opportunity to enjoy space, light, convenience, and outstanding value in one of Evanston's most walkable neighborhoods, just minutes from Northwestern University and Lake Michigan.

2951 Central Street Unit #307, Evanston

$239,900

3 Beds ⋅ 2 Baths ⋅ 12779881 MLS ⋅ NEW Status ⋅ Rookwood Gardens BLDG.

This PET-FRIENDLY three-bedroom, two-bath co-op unit has 9' ceilings, treetop views, loads of storage & unique historic charm! You'll enjoy multiple exposures, regal coved crown molding, hardwood floors & casement windows that make for sunny daytime rooms. An ample kitchen, attached butler's pantry & separate dining room complement a fantastic circular layout. Monthly assessment includes basement LAUNDRY, basement storage unit, property taxes, heat, water, gas, internet & cable. The 3 bedrooms have lots of storage & the affixed bookcases in the second bedroom will remain. Owners enjoy a private storybook English garden located to the east of the 724 Noyes building filled w/ garden sculptures, beautiful foliage -- & benches & tables & chairs to enjoy the view or dine alfresco. Walking distance to the lakefront, Northwestern University, public transit & downtown Evanston. Cash offers only! This is a second-floor unit. No elevator in the building. This unit does not come with parking. Easy street parking on Noyes, Sherman & Orrington.

Evanston

$239,900

1 Beds ⋅ 1 Baths ⋅ 12778429 MLS ⋅ NEW Status

Units in this building rarely come to market. This bright 1-bedroom, 1-bath condo offers about 800 sq ft in a well-kept, self-managed 10-unit building in southeast Evanston, just blocks from the lakefront, Main Street shops and dining, and the Main St Metra and Purple Line stations. All windows were replaced in September 2026, bringing more natural light and better efficiency. The layout includes a comfortable living room, a separate kitchen, and a generous bedroom. A standout feature is the deeded, attached garage parking space. It's one of only four in the building and unusually deep, with room for a larger vehicle or extra storage. The self-managed association has healthy reserves. Vacant and easy to show.

912 Hinman Avenue Unit #2W, Evanston

$489,000

2 Beds ⋅ 2 Baths ⋅ 12775496 MLS ⋅ NEW Status

Located in the lovely Morningside Terrace building on Central Street, this spacious fourth-floor end-unit residence offers approximately 1615 sq ft of exceptionally comfortable living on one of Evanston's most appealing Central St locations. Ths generously proportioned 2 bedroom, 2 full bath home offers space and flexibility rarely found in today's newer condos. Expansive living and dining room are complimented by a family room and gas fireplace. This room can double as an office/den or media room. The large white eat-in kitchen opens to a south facing balcony which accomodates a gas grill. The spacious primary suite features a walk-in closet and private bath with double sink vanity, while the second bedroom and full guest bath provide exellent accomodations for family or friends. Full size in-unit laundry, hardwood floors, generous storage and storage closet located on the same floor add to the home's practicality. A deeded heated garage parking space completes this home. Morning Side Terrace built in 1996 is an intimate, well established elevator building of just 24 residences and is ideally located near shops, restaurants, coffee houses and transportation including the Metra. New elevator in 2025 and healthy Reserves. You will love living in this building and in this desirable Evanston neighborhood.

2601 Central Street Unit #402, Evanston

$389,900

2 Beds ⋅ 2 Baths ⋅ 12778806 MLS ⋅ ACTIVE Status

Bright and beautifully maintained 2-bedroom, 1.5-bath townhome offering the perfect blend of comfort, style, and an unbeatable Evanston lifestyle. The main level features an open-concept living and dining area with pristine parquet flooring, a cozy wood-burning fireplace, and sliding doors that lead to a private patio-ideal for morning coffee, evening unwinding, or effortless indoor-outdoor entertaining. The kitchen flows seamlessly into the living space, creating a warm and functional layout. Upstairs, you'll find a spacious primary bedroom with an en-suite half bath, a second well-sized bedroom, a full hallway bath, linen closet, and the convenience of in-unit laundry. Step outside and experience one of Evanston's most coveted locations-just one block to the lakefront where beach walks, sunrise views, and lakefront trails become part of your daily routine. Enjoy close proximity to Northwestern University, along with easy access to the CTA and Metra for a seamless commute. Surrounded by vibrant cafes, restaurants, boutiques, and everyday conveniences, this is truly walkable living at its best. Additional Highlights: Assigned parking space in a heated garage, private storage unit, and exceptional access to everything Evanston has to offer.

840 Michigan Avenue Unit #10, Evanston

$379,000

1 Beds ⋅ 1 Baths ⋅ 12777112 MLS ⋅ ACTIVE Status

Outstanding, sophisticated oversized one bedroom feels and lives like a home: Gracious gallery foyer, hardwood floors, high ceilings, arched doorways, renovated kitchen features birch cabinets and honed stone counters, stainless appliances. Separate formal dining room currently used as den/office. Grand scale rooms throughout make this ideal for entertaining and daily living. Living room bay windows look out over courtyard koi pond - must see!

486 Sheridan Road Unit #2, Evanston

$289,000

2 Beds ⋅ 1 Baths ⋅ 12765172 MLS ⋅ ACTIVE Status

Welcome to this prime 2-bedroom, 1-bath North Evanston courtyard condo, located steps from the heart of the vibrant Central St. business district. This quiet top floor unit features hardwood floors, recessed lighting, crown moldings, loads of light, a nicely updated bath, and modern kitchen featuring: Bosch dishwasher, subway tile, black granite and stylish stainless shelving. The thoughtful floor plan separates the bedrooms from the living space for loads of privacy, perfect for sleeping or working from home. A few owner updates include: 2 Frigidaire AC units, Bosch dishwasher, kitchen faucet, garbage disposal and several light fixtures. Enjoy the convenience of an assigned parking spot, assigned storage unit and the amazing proximity to Central St's shops, restaurants, cafes, boutiques and numerous public parks. Commuting is a breeze thanks to the CTA bus stop right out front and the short distance to the Metra. The L can be easily accessed by foot, bike or bus.

2300 Central Street Unit #3, Evanston

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