South Chicago, Chicago IL · Curated MLS Search

Homes with Finished Basement in South Chicago, Chicago IL

An editorially curated view of every active homes with finished basement listing in South Chicago, Chicago IL. Updated in real time from the local MLS, presented without the noise.

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South Chicago Market — Homes with Finished Basement Comparison

Live MLS data — South Chicago vs. Homes with Finished Basement

South Chicago
Homes with Finished Basement
inventory
Active Listings
119
56
Sold (Past 6 Mo.)
121
92
Under Contract
40
27
pricing
Avg. List Price
$198,303
$285,300 ↑ 44%
Cost / Sq. Ft.
$129
$139
typical home
Living Area
1,739 ft²
1,831 ft²
Avg. Beds
4.9
5.0
Avg. Baths
2.5
2.6
Days on Market
113
83 ↓ 27%

Homes with Finished Basement in South Chicago: Market Data

Data as of (MLS snapshot; listings below update live)

As of October 20, 2026, Chicago Real Estate Source's review of MLS data shows 56 active listings for South Chicago homes with finished basement, and the median listing had been on the market 53 days. These listings made up about 47% of the 119 active listings in South Chicago, across every property type. At the time, 27 more were pending, and 92 sold in the past six months, roughly 15 a month. At that pace, there are about 3.7 months of supply, which is generally considered a seller's market. The median list price was $267,000, about $142 per square foot, for a median of 1,800 square feet. That price was $102,000 above the $165,000 median for all active listings in South Chicago, across every property type. The middle half of the listings fell between $200,000 and $344,000. If you're buying, it pays to be ready when a new listing comes up. If you're selling, low supply is working in your favor.

Homes with Finished Basement in South Chicago, Chicago IL, October 20, 2026
MeasureValue
Active listings56
All active listings in South Chicago, every property type119
Under contract27
Sold, past six months92
Months of supply3.7
Median list price$267,000
Middle half of list prices$200,000 to $344,000
Median list price, all South Chicago listings$165,000
Median price per square foot$142
Median square feet1,800
Median days on market53

Homes with Finished Basement in other neighborhoods

  • Chicago: 2,216 active, median $399,900
  • Naperville: 238 active, median $705,000
  • Aurora: 169 active, median $439,990
  • Joliet: 169 active, median $344,000
  • Elgin: 139 active, median $435,000

Market questions

How many South Chicago homes with finished basement are on the market?

There were 56 South Chicago homes with finished basement for sale as of October 20, 2026, based on Chicago Real Estate Source's review of MLS data.

What is the median price of South Chicago homes with finished basement?

The median list price of South Chicago homes with finished basement was $267,000 as of October 20, 2026.

What is the typical price range for South Chicago homes with finished basement?

The middle half of active listings for South Chicago homes with finished basement was priced between $200,000 and $344,000.

How much do South Chicago homes with finished basement cost per square foot?

The median price per square foot for South Chicago homes with finished basement was $142, for a median of 1,800 square feet.

What is the typical time on market for South Chicago homes with finished basement?

The median listing for South Chicago homes with finished basement had been on the market 53 days as of October 20, 2026.

How do South Chicago homes with finished basement compare with other neighborhoods?

As of October 20, 2026, there were 56 South Chicago homes with finished basement for sale. In the same search, Chicago had 2,216 homes with finished basement for sale at a median list price of $399,900, Naperville had 238 homes with finished basement for sale at a median list price of $705,000 and Aurora had 169 homes with finished basement for sale at a median list price of $439,990.

How do prices of South Chicago homes with finished basement compare with the rest of South Chicago?

The median list price of South Chicago homes with finished basement, $267,000, was $102,000 above the $165,000 median for all active listings in South Chicago, across every property type.

Listing data courtesy of Midwest Real Estate Data LLC.

Next Steps in South Chicago, Chicago IL

View All South Chicago Chicago IL Homes with Finished Basement Listings

8331 S Merrill Avenue, Chicago
$175,000
3 Beds ⋅ 2 Baths ⋅ 12782241 MLS ⋅ NEW Status
SPACIOUS 4-BEDROOM, 2-BATH HOME WITH INCREDIBLE VALUE-ADD POTENTIAL! Welcome to 8331 S. Merrill Avenue, nestled on a quiet residential block in Chicago's South Side community, just minutes from South Chicago Avenue and Jeffery Boulevard! This spacious home offers an exciting opportunity for homeowners and investors seeking generous living space, functional amenities, and the potential to build additional equity through strategic improvements. Featuring 4 bedrooms, 2 bathrooms, an exceptionally large first-floor primary bedroom, and a recently installed radiator (2025), this property offers flexibility and room to grow. The upper level presents an opportunity to create a luxurious primary suite, potentially incorporating a third bathroom or spacious walk-in closet. The basement offers even more possibilities, with opportunities to update the existing bedroom, enhance the common area and laundry space, and finish an additional bathroom, subject to applicable permits and approvals. Step outside and enjoy a generously sized backyard and detached 2-car garage, providing outdoor space for entertaining, recreation, and convenient off-street parking. Conveniently located near neighborhood shopping, dining, public transportation, parks, and major South Side thoroughfares, this property combines everyday accessibility with exciting possibilities for customization. MOVE IN, MAKE IT YOUR OWN, AND UNLOCK THE POTENTIAL! Whether you're searching for a spacious primary residence or a value-add investment opportunity, this property deserves a closer look. Schedule your private showing today!

8331 S Merrill Avenue, Chicago

8648 S Phillips Avenue, Chicago
$379,900
4 Beds ⋅ 3 Baths ⋅ 12787997 MLS ⋅ ACTIVE Status
STUNNING FULLY GUT-REHABBED 5-BEDROOM, 3-BATH HOME WITH FINISHED WALKOUT BASEMENT! Welcome to 8648 S Phillips Avenue, where quality craftsmanship, modern design, and thoughtful attention to detail come together in this beautifully transformed residence. This extensive renovation was completed with architectural plans, permits, and inspections by the City of Chicago, offering buyers added confidence in the quality of the work. Step inside to discover a bright, open-concept interior featuring gorgeous light hardwood flooring, sophisticated custom millwork, elegant wainscoting, striking coffered ceilings, recessed lighting, and a beautiful staircase with natural wood accents and sleek black iron balusters. The showstopping designer kitchen features crisp white shaker cabinetry, quartz countertops, a beautiful oversized center island, stylish pendant lighting, subway tile backsplash, and contemporary fixtures. With five generously sized bedrooms and three beautifully appointed full bathrooms, this home offers exceptional flexibility for today's lifestyle. The bathrooms showcase designer tile selections, contemporary vanities, matte black fixtures, and beautifully finished showers. The expansive finished walkout basement provides an incredible extension of the living space, ideal for a family room, entertainment area, home office, fitness space, or guest accommodations. Enjoy the convenience of a separate exterior basement access, adding functionality to this versatile layout. The home's striking exterior combines classic Chicago brick architecture with a fresh white facade, contrasting dark trim, and oversized windows that flood the interior with natural light. A private backyard and detached garage complete the package. Conveniently located near neighborhood amenities, parks, shopping, public transportation, and major thoroughfares. This is not your typical cosmetic flip - this is an extensively renovated home designed for modern living. Move right in and enjoy!

8648 S Phillips Avenue, Chicago

8757 S Marquette Avenue, Chicago
$330,000
9 Beds ⋅ 4 Baths ⋅ 12772409 MLS ⋅ ACTIVE Status
Excellent investment opportunity in the heart of South Chicago! This solid 3-unit building offers strong income potential and long-term value for both seasoned investors and owner-occupants. First floor front unit offers 1 bedroom and 1 bath. First floor rear unit offers 3 bedrooms and 1 bath. While the second floor unit offers 5 bedrooms 1 and half bathrooms, living room and 2 dining rooms, or 2 living rooms and 1 dining room, your choice with the spacious layout with bright living areas. The property provides a versatile setup-live in one unit while renting out the others, or maximize cash flow by leasing all three. The building sits on a quiet, residential block and includes a large backyard space perfect for outdoor enjoyment as the property sits on 3 lots, along with convenient parking options. With separate utilities and well-proportioned units, this property is ideal for easy management and consistent rental income. The roof was done in 2018 and water heaters replaced in the last 3-5 years. Located near schools, parks, shopping, and public transportation, tenants will appreciate the accessibility and neighborhood feel. Easy access to major roadways makes commuting a breeze. In addition to the proximity of only 5 minute drive to QUANTUM SHORE which is a project that is expected to bring thousands of jobs the next decade. Whether you're looking to expand your portfolio or secure a multi-unit property with great upside, this is a fantastic opportunity you won't want to miss!

8757 S Marquette Avenue, Chicago

8612 S Burnham Avenue, Chicago
$489,800
8 Beds ⋅ 4 Baths ⋅ 12734871 MLS ⋅ RE-ACTIVATED Status
Calling all HOUSE HACKERS, OWNER-OCCUPANTS & INVESTORS! This legal 3-unit in South Chicago has been completely gut rehabbed, offering the opportunity to step into a finished multifamily property without taking on a renovation project. Live in one unit while generating income from the others or lease all three and add a turnkey property to your rental portfolio. The property features (2) 2-bedroom/1-bath units and (1) spacious 4-bedroom/2-bath unit, totaling 8 bedrooms and 4 bathrooms. Based on projected rents of approximately $1,700/month for each 2-bedroom unit and $2,900/month for the 4-bedroom unit, the property has the potential to generate approximately $6,300/month or $75,600 annually in rental income when fully leased. Immediate equity in the property. Appraised over asking. Projected rents are estimates and should be independently verified by the buyer. The extensive gut renovation includes new electrical, new plumbing, a new HVAC system with central air conditioning, new kitchens and bathrooms, updated flooring and a new rear porch. Kitchens feature a modern two-tone design with white upper cabinetry, black lower cabinetry, granite countertops and stainless-steel appliances. The property is a legal 3-unit with separately metered units. There is also potential to generate income beyond the three residential units. The basement includes three separate storage spaces that could potentially be rented, along with a laundry hookup allowing the next owner to add coin-operated laundry for tenant use. The rear parking pad provides off-street parking and another potential source of income. Beyond the property, South Chicago is in the midst of significant reinvestment and transformation, with major residential, commercial, healthcare and technology projects moving forward throughout the area. Thrive Exchange represents approximately $100 million in community investment around the 79th and Exchange corridor, bringing new housing, homeownership opportunities, retail, healthcare and other neighborhood improvements. The SACRED development at 92nd and Burley is adding 81 apartments, approximately 6,000 square feet of commercial space and additional parking. One of the largest transformations is underway along the South Chicago lakefront at the former U.S. Steel South Works site. The 440-acre Quantum Shore master plan includes the 128-acre Illinois Quantum & Microelectronics Park, with major public and private investment aimed at creating a new technology and innovation district along the lakefront. Adding to that investment, Advocate Health Care has broken ground on a new $300 million state-of-the-art hospital at the former South Works site as part of its broader $1 billion investment in healthcare across Chicago's South Side. The new hospital is planned to provide inpatient, emergency and specialty care and is expected to open in 2029. Together with the quantum campus, new housing, commercial development and other neighborhood investments, these projects represent a substantial long-term commitment to the continued redevelopment of South Chicago. Residents also have convenient access to Rainbow Beach, the lakefront, Metra, public transportation, neighborhood amenities and major roadways. For a house hacker, this is an opportunity to live in one unit while income from the remaining units helps reduce housing costs. For an investor, the property offers three residential income streams plus additional revenue potential through storage, laundry and parking-all within a completely renovated legal 3-unit in a neighborhood experiencing significant ongoing investment.

8612 S Burnham Avenue, Chicago

8418 S Essex Avenue, Chicago
$290,000
5 Beds ⋅ 2 Baths ⋅ 12755768 MLS ⋅ ACTIVE Status
**seller offering $5K credit for downstairs kitchen build out. Welcome to 8418 S Essex Ave, a spacious and beautifully updated home offering an impressive 6 bedrooms, 2 full bathrooms. It lives like a multi-family, perfect for multi generational families. From the moment you enter, you'll appreciate the open living and dining areas, creating a comfortable flow that's perfect for everyday living and entertaining. The remodeled kitchen features updated cabinetry, countertops, modern fixtures, appliances, and new flooring. Major improvements have already been completed throughout the home, including updated electrical and plumbing, along with two beautifully renovated full bathrooms. The main level also offers a versatile bonus room that can easily function as a home office, guest room, playroom, or additional flex space. Downstairs, the finished basement provides even more usable living space with laundry hookups and plenty of room for a family room, recreation area, or additional entertaining space. Outside, enjoy a large fenced backyard with plenty of space for summer gatherings, pets, gardening, or simply relaxing outdoors. With six bedrooms, multiple flexible living spaces, extensive updates, and a generous backyard, this home offers the space and versatility that's hard to find. Conveniently located near shopping, schools, parks, public transportation, and other neighborhood amenities. Schedule your private showing and come see everything 8418 S Essex has to offer. ***CLICK ON THE VIRTUAL TOUR LINK***

8418 S Essex Avenue, Chicago

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