Belmont Central Homes under $500,000

Welcome to Belmont Central, a vibrant neighborhood nestled in the heart of Chicago, Illinois. Known for its diverse community and rich cultural heritage, Belmont Central offers a unique blend of urban convenience and suburban charm. This area is characterized by tree-lined streets, cozy parks, and a welcoming atmosphere that makes it an ideal place for families, young professionals, and anyone looking to enjoy the best of city living.

One of the standout features of Belmont Central is its affordability. With a variety of homes available for under $500,000, it’s a fantastic opportunity for first-time homebuyers or those looking to invest in a growing neighborhood. From charming bungalows to modern two-flats, the housing options here cater to a wide range of tastes and lifestyles. Many homes boast spacious yards and easy access to local amenities, making it easy to enjoy the outdoors and the community spirit.

In addition to its appealing real estate, Belmont Central is conveniently located near public transportation, making commuting to downtown Chicago a breeze. Residents can enjoy a plethora of dining, shopping, and entertainment options, with local favorites just a stone's throw away. The neighborhood is also home to several parks and recreational facilities, perfect for weekend outings and family activities.

Whether you’re looking to settle down or invest, Belmont Central is a hidden gem in Chicago that offers the perfect balance of affordability, community, and convenience. Come explore the possibilities and discover why so many are proud to call Belmont Central home!

Newest Belmont Central Homes under $500,000

$499,900

3 Beds ⋅ 2 Baths ⋅ 12777356 MLS ⋅ NEW Status

Full of classic Chicago character, this distinctive two story brick home immediately stands out with its elevated setting, prominent bay window, and impressive 49 foot wide lot. Offering over 1600 square feet above grade, plus a finished lower level, this beautiful home provides a surprisingly spacious and flexible layout with room to live, gather and grow. The main level features a bright living room, separate dining area, kitchen, guest bedroom and full bath, along with a sunroom that extends along the south side of the home and adds even more usable space. Upstairs is where this home really surprises. The hallway features two large closets, with option to convert one into another full bathroom. There are two exceptionally spacious bedrooms, including an impressive primary bedroom with a large walk in closet. The finished lower level adds another layer of versatility with a second kitchen, family room, two additional rooms, a full bathroom with stand up shower, laundry and utility areas, plus separate exterior access, ideal for related living, guests, home office needs, hobbies or simply additional space to enjoy. Property is zoned and offered as a single family home. Outside, the 49' x 124' lot is truly something special. The home's elevated position and extra wide yard create a sense of openness rarely found on a standard Chicago lot, with plenty of room for gardening, entertaining and enjoying the outdoors. Multiple entrances provide convenient access between the home and yard, and a detached garage completes the property. The longtime owner has continued to invest in the property, with improvements including a new house roof (2020), garage roof and siding (2021), copper plumbing and lower level bathroom improvements (2022), plumbing updates to the laundry and utility areas, main level vanity (2022), front sliding patio door and sunroom/rear porch siding (2023), and an updated north side mudroom/porch with new wood stairs, siding, window and screen door (2025). Previous tuckpointing to the sides of building provide another important maintenance improvement. Located steps from Riis park which spans 57 acres, The Brickyard shopping center, near CTA Bus Lines, only 1.3 miles to Mars Metra Rail, and terrific neighborhood restaurants, this is a home that offers much more than meets the eye. An extra-wide lot, substantial living space, flexible multi-level living and years of thoughtful maintenance come together in a home ready for its next chapter. Floor plans included with property photos. Schedule your tour today!

2608 N Merrimac Avenue, Chicago

$410,000

4 Beds ⋅ 2 Baths ⋅ 12772146 MLS ⋅ ACTIVE Status

**Prime Investment Opportunity in Chicago!** Fantastic 2-unit building located on a quiet street at 2343 N Parkside Ave. Excellent opportunity for both savvy investors looking for immediate rental income or owner-occupants looking to live in 1 unit and let the other supplement the mortgage. The building features 2 spacious apartments with functional floorplans: 1st-floor unit features 2 full bedrooms and 1 bath, currently generating $1,700/month; 2nd-floor unit features 2 bedrooms and 1 bath, currently generating $1,200/month. Finished walkout basement with 2 extra bedrooms and 1 bath. Both units are occupied on month-to-month agreements, giving the new owner maximum versatility. Close to public transit, neighborhood parks, schools, and local shopping along Fullerton Ave.

2343 N Parkside Avenue, Chicago

$385,000

4 Beds ⋅ 2 Baths ⋅ 12765433 MLS ⋅ PRICE CHANGE Status

Belmont Cragin area 3 Br 1 full bath on the first floor and 1 Br one full bath the second floor with a a kitchen and a separate entrance. Perfect for in-law just like a 2 flat but a single family home with 2.5 car garage just perfect. Nice back yard corner home. 5 years old furnace, 2 years old air conditioning, 2 years old door,

2263 N Marmora Avenue, Chicago

$435,000

3 Beds ⋅ 2 Baths ⋅ 12769960 MLS ⋅ ACTIVE Status

Very well maintained home that is move in ready. Sitting on a 30ft wide lot, with 3 bedrooms, 2 baths, a fully finished basement, new roof, a garage and carport, and a very nice yard that is perfect for entertaining, this house is ready for its new owners. No need to worry about high priced repairs down the road, as the mechanicals are in great condition, all copper plumbing, and upgraded electrical. Quiet street with great neighbors, in a very nice community. Just a three block walk to Riis Park, Steinmetz HS, Mary Lyon Elementary. Other schools, parks, shopping, dining, theaters and more are just a few mins away. This is a very nice home, in an ideal location.

2847 N Moody Avenue, Chicago

$319,900

3 Beds ⋅ 2 Baths ⋅ 12769795 MLS ⋅ ACTIVE Status

Charming 3-bedroom, 2-bath Cape Cod with a full finished basement and plenty of space to make your own! Freshly painted with professionally cleaned carpets, this home is move-in ready and features hardwood and wood-laminate flooring, a separate dining area, central air, and a spacious fenced yard. The home sits toward the rear of the lot, offering a generous front yard with potential to add a driveway for additional off-street parking, subject to city approval. Conveniently located near shopping, schools, transportation, and everyday amenities. Schedule your showing today!

2329 N Mcvicker Avenue, Chicago

$410,000

3 Beds ⋅ 2 Baths ⋅ 12769040 MLS ⋅ ACTIVE Status

Welcome to 2705 N Menard Ave! This spacious home offers 4 bedrooms and 2 full bathrooms with plenty of room to make it your own. The full basement provides additional living space and features a bedroom and full bathroom, offering great flexibility for extended living, a home office, or recreation area. Outside, enjoy the convenience of a solid 2 car brick garage. Conveniently located near shopping, dining, schools, parks, and transportation. Schedule your showing today and come see everything this home has to offer!

2705 N Menard Avenue, Chicago

$247,000

3 Beds ⋅ 2 Baths ⋅ 12757144 MLS ⋅ ACTIVE Status

Why settle for front-row seat noise when you can have your very own secluded retreat tucked at the rear of the lot. Welcome to 2270 N. Monitor Ave. The ultimate opportunity for contractors, investors or ambitious handyman to turn sweat equity into major upside. Yes, this 2 -unit plus basement needs a full gut rehab from top to bottom. Beneath the surface is plenty of potential. You can skip winter street-parking Hunger Games because this property comes with it's own garage. Set on a corner lot in up and coming Belmont Cragin close to local transit, parks and shopping. This diamond in the rough is primed for it's next chapter. Sold As-Is. Bring your vision & contractor today.

2270 N Monitor Avenue, Chicago

$129,900

1 Beds ⋅ 1 Baths ⋅ 12747950 MLS ⋅ ACTIVE Status

Welcome to 5708 W George St, a bright and well-maintained co-op tucked away on a quiet residential street in Chicago's Belmont Cragin neighborhood. Freshly painted and filled with natural light, this inviting unit offers a comfortable layout with a formal dining room, generous living space, and a rear porch area for added convenience. One of the standout features is the exceptionally affordable $270 monthly assessment, which includes, radiator heat, hot water, and cooking gas-helping keep monthly ownership costs predictable and manageable. The building also offers basement laundry, a private storage locker, and a large shared backyard with plenty of room to enjoy the outdoors. Street parking is generally easy to find, and the property offers a peaceful residential setting while remaining convenient to shopping, dining, transportation, and major roadways. Rentals are permitted with co-op approval, offering added flexibility for buyers. The unit has an estimated rental potential of approximately $1,300-$1,400 per month. A compelling opportunity for an owner-occupant seeking an affordable alternative to traditional condo ownership or a buyer looking for long-term rental potential with low monthly carrying costs.

5708 W George Street Unit #2, Chicago

$410,000

3 Beds ⋅ 2 Baths ⋅ 12736503 MLS ⋅ ACTIVE Status

Charming brick single-family home located at 2632 N Merrimac Ave in Chicago. This spacious property offers 3 bedrooms on the upper level and 2 bathrooms downstairs, providing a comfortable and functional layout. Featuring classic curb appeal, a well-kept front yard, and a convenient location near shopping, dining, parks, schools, and public transportation. A wonderful opportunity to make this home your own schedule your showing today!

2632 N Merrimac Avenue, Chicago

$455,900

5 Beds ⋅ 3 Baths ⋅ 12731307 MLS ⋅ ACTIVE Status

Schedule a tour for this beautiful 4-level family home in the desirable Belmont Cragin neighborhood. The 1st floor of this tastefully remodeled home features a lovely living room with a fire place, a beautiful kitchen with granite counters and stainless steel appliances, a sliding door that leads to a charming deck for recreation, 1 good sized bedroom, and a 1/2 bathroom. The 2nd floor has 3 bedrooms and 1 fully finished bathroom. It also has a fully finished attic that can be used as you wish. The basement is finished with 1 full bathroom, a family room, and an additional bedroom. The house offers newer windows, a newer roof, a beautifully landscaped backyard, a newer 3 car garage, as well as central heating and A/C. This house is ready to move in.

2711 N Marmora Avenue, Chicago

$314,900

3 Beds ⋅ 1 Baths ⋅ 12725959 MLS ⋅ ACTIVE Status

Welcome to this charming, well-maintained home in Belmont Cragin, offering an excellent alternative to condo living with the privacy and space of a single-family home.Step inside to a bright and inviting living room that flows seamlessly into a spacious dining room, creating a warm and functional layout for everyday living and entertaining. The main level features beautiful hardwood floors, two comfortable bedrooms, a full bathroom with an updated vanity, and a well-appointed kitchen with newer stainless steel appliances.The finished attic currently serves as a third bedroom but also presents an excellent opportunity for future expansion with the addition of a dormer. The unfinished basement provides ample storage, a laundry area, and includes a new sump pump for added peace of mind.Outside, enjoy a spacious, fully fenced backyard with the perfect combination of green space and a paver patio-ideal for relaxing, gardening, or entertaining. A two-car garage and recent major updates, including new tear-off roofs on both the house and garage, add even more value.Conveniently located near shopping, restaurants, public transportation, and other neighborhood amenities, this move-in-ready home offers the comfort, privacy, and flexibility of single-family living in a desirable North Side location. A new uninstalled dishwasher will be included in the sale.

2848 N Monitor Avenue, Chicago

$489,000

5 Beds ⋅ 4 Baths ⋅ 12710826 MLS ⋅ ACTIVE Status

Classic Chicago bungalow offering the versatility of a legal 2-unit plus a finished basement, providing exceptional flexibility for owner-occupants, multigenerational living, or investors alike. This home blends the timeless appeal of a classic Chicago bungalow with the practical layout of a multi-unit property. Each unit offers comfortable living space filled with natural light, while the finished basement adds valuable space for recreation, a home office or storage. Ideally located with convenient access to the multiple CTA bus routes, and the Kennedy Expressway (I-90/94), commuting throughout the city is simple. Enjoy nearby neighborhood favorites including Riis Park, along with a growing collection of local restaurants, coffee shops, breweries, and boutiques that continue to make this area one of Chicago's most desirable neighborhoods. Whether you're looking for rental income, or expand your investment portfolio, this well-located property presents an outstanding opportunity in a thriving Chicago community.

2341 N Merrimac Avenue, Chicago

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