Edgewater Homes under $500,000

Welcome to Edgewater, one of Chicago's most vibrant and diverse neighborhoods! Nestled along the beautiful shores of Lake Michigan, Edgewater offers a unique blend of urban convenience and suburban charm, making it a desirable place to call home. With its stunning lakefront parks, bustling local shops, and rich cultural scene, it’s no wonder that homebuyers are increasingly drawn to this dynamic community.

Edgewater boasts a variety of housing options, including charming vintage bungalows, modern condos, and spacious single-family homes, many of which are available for under $500,000. This affordability is a significant draw for first-time homebuyers, young professionals, and families looking to settle down without breaking the bank. The neighborhood's real estate market is known for its competitive prices and value, making it an excellent investment opportunity.

Beyond its attractive homes, Edgewater is celebrated for its welcoming atmosphere and strong sense of community. Residents enjoy easy access to public transportation, allowing for a seamless commute to downtown Chicago. The area is also home to an array of parks, including the picturesque Edgewater Beach, where you can soak up the sun or take a leisurely stroll along the shoreline.

Food lovers will delight in the diverse dining options, from cozy cafes to international cuisines, ensuring there's something for every palate. With a range of cultural events and community festivals throughout the year, Edgewater truly embodies the spirit of Chicago living.

Whether you’re searching for your first home or looking to invest in a thriving neighborhood, Edgewater offers an incredible lifestyle at an unbeatable value. Come discover what makes this neighborhood a hidden gem in the heart of the Windy City!

Newest Edgewater Homes under $500,000

$319,900

2 Beds ⋅ 2 Baths ⋅ 12780660 MLS ⋅ NEW Status ⋅ Beach Point Tower BLDG.

Take a look at this spacious two bedroom, two bath condo in the heart of Edgewater. Beautiful lake and beach views from your tranquil living in dining room, spacious bedrooms with engineered wood floors. Nice kitchen with granite countertops, open living and dining room with lots of natural light, two full bathrooms. Ample storage. Heated on site valet parking is available at $210.00 per month . Rentable storage. Pet friendly . Great location. SPECIAL ASSESTMENT WAS PAID IN FULL BY SELLER. RISER PROJECT SHOULD BE COMPLETED BY DECEMBER 1.

5801 N Sheridan Road Unit #16B, Chicago

$475,000

2 Beds ⋅ 1 Baths ⋅ 12760667 MLS ⋅ NEW Status

Welcome to this bright south facing, 2 bedroom/1 bathroom condo in the heart of Andersonville! Set in an all-brick building, this home blends a vintage feel with modern updates. Step into the living room featuring custom built-ins, hardwood flooring and a box bay window providing a great space for a desk or additional seating. As you head towards the back, there is a sizable bedroom with custom wood closet organizers. The bathroom is updated and features a deep built-in closet. The galley kitchen was recently remodeled with quartz counter tops, elegant backsplash and custom storage that opens to the separate dining space. The second bedroom includes a murphy bed making it easy to use the space as a guest room or home office. A garage parking space, roof rights and additional storage complete this remarkable home. Ideal location on a tree-lined street just a short walk to the grocery store and all of Andersonville's shops & restaurants.

1616 W Rascher Avenue Unit #3W, Chicago

$155,000

1 Beds ⋅ 1 Baths ⋅ 12772620 MLS ⋅ NEW Status

What if the beach wasn't a destination, but your backyard? Welcome to Edgewater, where lakefront living becomes part of your everyday life. Perched directly along Chicago's shoreline, this high-rise residence offers the rare opportunity to wake up to expansive lake views and step outside into one of the city's most coveted outdoor playgrounds. While most people plan a trip to the beach, here, it's simply part of the day. Morning walks along the lakefront. Bike rides by the water. Summer afternoons on the sand. Sunset views from home. It's a lifestyle that feels like a getaway without ever leaving Chicago. The building elevates the experience with beautifully updated common areas and a high-end rooftop viewing deck designed for taking in the city and lake from above. Imagine morning coffee overlooking the water, an evening cocktail as the skyline lights up, or gathering with friends while enjoying sweeping panoramic views. A dedicated bike room makes exploring the lakefront effortless, while the spacious laundry room adds everyday convenience. Inside the residence, enjoy abundant natural light, panoramic views, and the ease of high-rise living in a location surrounded by parks, dining, shopping, transportation, and miles of lakefront paths. Whether you're looking for a primary residence, Chicago pied-a-terre, or investment opportunity, this is your chance to own a piece of the lakefront lifestyle and experience the luxury of having the beach just steps from home.

5757 N Sheridan Road Unit #19D, Chicago

$249,900

2 Beds ⋅ 2 Baths ⋅ 12745189 MLS ⋅ NEW Status

Elevate your lifestyle from the 27th floor of this impressive lakefront high-rise, where breathtaking Lake Michigan views take center stage. With only four residences per floor, this condo offers a more private and exclusive high-rise living experience. Step onto your private balcony and enjoy sweeping, unobstructed lake views, an incredible backdrop from morning to night. This full-amenity building offers 24-hour door staff, an attached heated garage, outdoor swimming pool and sundeck, fitness center, sauna, party room, storage, laundry facilities, and on-site management. Enjoy the convenience of lakefront living with nearby beaches, the Lakefront Trail, public transportation, dining, shopping, Loyola University, and easy access to Lake Shore Drive. Bring your vision and finishing touches to create a home that reflects your personal style while enjoying everything 27th-floor lakefront living has to offer. An incredible opportunity with a view that truly sets this home apart!

6145 N Sheridan Road Unit #27C, Chicago

1122 W Catalpa Avenue Unit #606, Chicago

$349,000

2 Beds ⋅ 2 Baths ⋅ 12777604 MLS ⋅ NEW Status

Loft-style 2 bed/2 bath with stunning lake and city views in one of Edgewater's most unique buildings! This spacious residence features one of the larger and more desirable floor plans in the building, offering an exceptional layout with 10' ceilings, a gas fireplace, and in-unit washer and dryer. The bright, sunny open-concept kitchen and living area are perfect for both everyday living and entertaining. The expansive primary suite includes a spa-like bathroom with a deep soaking tub, while the oversized second bedroom features a walk-in closet. Assessments include high-speed internet, heat, A/C, parking, storage, and access to the fitness center. A deeded heated garage parking space is included in the price. Building amenities include a fitness room, party room, and a common rooftop deck with a fire pit and dog run. Ideally located just steps from Andersonville, the beaches, the lakefront trail, the Red Line, and multiple bus routes.

1122 W Catalpa Avenue Unit #606, Chicago

$365,000

2 Beds ⋅ 2 Baths ⋅ 12777478 MLS ⋅ NEW Status

Bright, fully above-grade, and unlike what many buyers expect, this beautifully updated Edgewater home combines abundant natural light, premium finishes, and private outdoor living in one exceptional package. Oversized windows flood the home with sunlight, while the open-concept layout creates an inviting space for both everyday living and entertaining. The thoughtfully renovated kitchen features premium Bosch stainless steel appliances, quality cabinetry, generous workspace, and a seamless connection to the living and dining areas. Spacious bedrooms, updated baths, and carefully selected finishes make this a truly move-in-ready home. Step outside to your private patio-perfect for morning coffee, outdoor dining, or simply relaxing at the end of the day. The step-free entry offers exceptional convenience while the home's fully above-grade design delivers the brightness and openness buyers rarely expect from this type of home. Just minutes from the lakefront, beaches, parks, the Lakefront Trail, neighborhood restaurants, cafes, shopping, and public transportation, you'll enjoy one of Chicago's most vibrant neighborhoods while coming home to a peaceful residential setting. If you've been searching for a home that offers exceptional natural light, quality finishes, private outdoor space, and an unbeatable Edgewater location, this is one you won't want to miss. Parking spot on property has been rented the rest of this year and is available to rent years to follow!

6335 N Magnolia Avenue Unit #G, Chicago

5415 N Sheridan Road Unit #4112, Chicago

$144,900

1 Baths ⋅ 12777464 MLS ⋅ NEW Status

Edgewater Beach. Rarely available. Spectacular vistas of the lake and downtown from this 41st floor convertible studio/junior one bedroom with a separation between the living and sleeping areas. Walk in shower. Full amenity building with a 24 hour doorman, join the gym with an indoor pool and racquetball court. 24 hour package receiving room. Garage parking available for a fee, no wait. Monthly HOA fee includes heat, a/c, water, basic cable and internet. Minutes to lake and park. Financially stable association. Washer/dryer may be installed in the unit. No pets, rental restrictions. Unit includes an assigned storage locker located on the same floor.

5415 N Sheridan Road Unit #4112, Chicago

$360,000

2 Beds ⋅ 2 Baths ⋅ 12776911 MLS ⋅ PRICE CHANGE Status

LAKESIDE LIVING in ths iconic MALIBU. This unit facing North offers a 37' balcony with east and west views. Outdoor pool and access to the lake front. Well maintained unit has been owned since 1969. Great Steps to Lake Michigan - loads of natural light. Attached parking for owners and guests on site. $190 per month for condo owners. Additional storage #29, party room, library, exercise room, coin laundry 4th floor. Near bike trails, running path, grocery stores and all the best restaurants in Edgewater. Very well run association. New AC 2025.

6007 N Sheridan Road Unit #25D, Chicago

$239,900

3 Beds ⋅ 2 Baths ⋅ 12777064 MLS ⋅ NEW Status

Charming 3 bed, 2 bath Dutch Colonial in Rockford's highly desired Edgewater neighborhood. Nicely updated home boasts hardwood floors throughout. Huge living room with wood burning brick fireplace, built-ins and French doors leading you out to the front sun porch. Newly remodeled kitchen with stainless steel appliances, custom counter top bar that is open to back family room. Family room has gas fireplace and wrapped with windows to allow natural sunlight to pour in. Sliding glass door out to large deck over-looking the fenced-in back yard. Second floor offers 3 bedrooms including the primary with WIC. Main bathroom upstairs has been renovated. Lower level partially finished with clean laundry/2nd full bathroom, living space with built in bar. Lots of updates including new roof in 2025! Great home for entertaining! Close to the Rock River, Oxford Park, bike path, museums, restaurants and downtown entertainment.

2133 Melrose Street, Rockford

1425 W Summerdale Avenue Unit #3A, Chicago

$425,000

2 Beds ⋅ 1 Baths ⋅ 12775941 MLS ⋅ ACTIVE Status ⋅ Andersonville BLDG.

Spectacular Penthouse views from this classic courtyard building in the heart of Andersonville. Open concept 2BR condo with abundant light. Original hardwood flooring and natural light streaming in through the bay window area. The living room features a wood burning fireplace and leads to a seating area with bay window--perfect for a reading nook or gazing out beautiful Andersonville from above the tree tops. The dining area is large enough to accommodate an 8-top table. The kitchen is well-equipped with new KitchenAid stainless appliances (2019/2020), ample cabinet storage and a unique mosaic countertop. The kitchen leads to a small balcony that only this unit has access to , and is large enough for a small love seat. Both bedrooms are typical vintage bedroom sizes and have great closet space. The primary bedroom looks out into the treetops, while the second bedroom has a murphy bed--perfect for a work from home space. Bathroom was a total gut in the last 2 years, all marble, Kohler air bath tub and Kohler fixtures. 2 new smart LG A/C units. Walking distance to everything Andersonville has to offer, just one block away. The best restaurants, nightlife, grocery stores, coffee shops, summer festivals (like Midsommar Fest!) and public transit are all at the end of the street. Rental parking options in the area.

1425 W Summerdale Avenue Unit #3A, Chicago

5555 N Sheridan Road Unit #1612, Chicago

$179,900

2 Beds ⋅ 1 Baths ⋅ 12775331 MLS ⋅ ACTIVE Status ⋅ Edgewater Beach Apts BLDG.

Welcome to the iconic Edgewater Beach Apartments, one of Chicago's most recognizable and beloved architectural landmarks, nestled in the heart of the historic Bryn Mawr District. Currently undergoing its first exterior repaint in more than 25 years, this nearly century-old building is being thoughtfully restored to its original "Sunset Pink" color, further elevating the beauty and prestige of this celebrated lakefront address. Offered for the first time in over 25 years, this exceptional residence reflects decades of pride in ownership. Meticulously maintained and lovingly cared for by the same owner, the home offers a rare opportunity to own a piece of Chicago history while preserving the timeless charm, warmth, and character that make residences in Edgewater Beach Apartments so special. This rarely available 16th-floor, east-facing residence offers something few units in the building can claim: unobstructed, panoramic views of Lake Michigan from nearly every room. Wake up each morning to breathtaking sunrises over the water and enjoy the ever-changing scenery that makes this one of the most desirable exposures in the entire building. Spanning approximately 1,200 square feet, the home features two generously sized bedrooms, a spacious kitchen with an oversized walk-in pantry, a large formal dining room perfect for entertaining, and wonderfully proportioned living spaces that showcase the craftsmanship and thoughtful design of a bygone era. Hardwood floors, abundant closet space, natural light, and classic architectural details create a home that feels both elegant and inviting. While exceptionally maintained throughout, the residence also presents an exciting opportunity for the next owner to personalize the space over time while enjoying its remarkable condition from day one. Edgewater Beach Apartments is renowned for offering one of the most comprehensive amenity packages on Chicago's lakefront, including 24-hour door staff, an indoor swimming pool, fitness center, library, arcade, ping-pong room, on-site dry cleaner, restaurant, and a beautifully landscaped private two-acre park and garden exclusively for residents. Garage parking is available for just $115 per month. Beyond the building, enjoy one of Chicago's most vibrant and walkable lakefront neighborhoods. Step outside your door and stroll to Foster Beach, Kathy Osterman Beach, Berger Park, the Lakefront Trail, and miles of shoreline along Lake Michigan. Grab your morning coffee at The Coffee Studio, Metropolis Coffee Company, or Heritage Outpost, meet friends for dinner at neighborhood favorites including Little Bad Wolf, Beard & Belly, Hopleaf, Moody's Pub, Francesca's Bryn Mawr, and Indie Cafe, or enjoy convenient shopping at Whole Foods, Mariano's, Jewel-Osco, and Edgewater Produce. Commuting is effortless with the CTA Red Line stations at Bryn Mawr, Berwyn, and Thorndale just blocks away, express bus service along Sheridan Road, and convenient access to Lake Shore Drive via Foster Avenue. This exceptionally well-managed co-op offers tremendous value with assessments that include property taxes, 24-hour door staff, heat, water, gas, internet, cable television, pool access, fitness facilities, and contributions to reserves. Financing is available with only 10percent down required. An additional benefit for the next owner is the building's current five-year tax moratorium, providing meaningful savings. Monthly assessments are based on $14.82 per share with 115 shares assigned to the unit. Please note that dogs are not permitted. Opportunities to own a high-floor, direct east-facing residence in the legendary Edgewater Beach Apartments are exceptionally rare. Combining breathtaking Lake Michigan views, timeless architecture, full-service amenities, and the enduring character of one of Chicago's most treasured residential buildings, this is a home that can be enjoyed for generations to come.

5555 N Sheridan Road Unit #1612, Chicago

1531 W Rosemont Avenue Unit #1N, Chicago

$270,000

2 Beds ⋅ 1 Baths ⋅ 12773847 MLS ⋅ ACTIVE Status

Come home to this spacious 2 bedroom, one bath unit nestled on a gorgeous tree- lined block, in the sought after Edgewater Glen neighborhood. This adorable, front facing, split bedroom layout has tons of natural light bathing this unit from Living Room Bay windows, and large bedroom windows. The large LR/DR offers flexibility of floor planning, and great flow into a chef's size kitchen great for avid cook's, and entertaining. Kitchen is all granite and stainless steel appliances, and 42" cabinets. Both bedrooms are good size, with large closets. Hardwood floors throughout. In unit washer/dryer, and central heat and air. Extra large, full height storage in LL. Steps from Granville/Loyola Red Line el stops, and Clark/Broadway/Devon buses. This area is full of great restaurants and shops, including a Whole Foods, Aldi's and Clark Devon Hardware, and all that both Clark and Broadway have to offer. Property being sold AS/IS.

1531 W Rosemont Avenue Unit #1N, Chicago

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