Chicago Real Estate News & Neighborhood Notes

When narrowing down that wish list for a new Chicago condo, space is often the last thing home buyers want to sacrifice. The unfortunate reality for many condo buyers, however, is that the extra square footage you so desperately want tends to be the number one factor that drives up how much you'll end up paying.

Bargains for two-, three- and even four-bedroom condos can of course be found all over the city, but for each extra bedroom that’s included in a swanky new downtown condo, the harder it becomes to find a place you like at the price you want.

For obvious reasons, three bedroom condos in Chicago are in very high-demand. Whether you want that third bedroom to use as an office, to use for your kids or to simply use as an extra guest room, having plenty of extra space certainly has its advantages.

But if you’re searching downtown neighborhoods like Streeterville, River North or the Gold Coast, three-bedroom condos don’t usually come cheap. Right now, only 2 three-bedroom condos in such neighborhoods are priced under $400,000 and some of the more higher-end condos are listed for well over $1 million. But if it’s a three-bedroom condo in downtown Chicago you have to have and your budget may not be unlimited, here’s a quick snapshot of what you can expect. Listed below are 20 of the cheapest three-bedroom condos in popular downtown neighborhoods like Streeterville, River North and the affluent Gold Coast community. And if you like what you see, be sure to give Gold Coast Realty a call at (312) 280-9600 to schedule a private showing today!   

SEARCH 3-BEDROOM CONDOS FOR SALE IN CHICAGO BELOW:

Search Downtown Chicago Three-Bedroom Condos:

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• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
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• $900,000 - $1,000,000
• Over $1,000,000

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$765,000

500 W Superior Street 1708, Chicago

3 Beds 2 Baths 1,480 SqFt Residential MLS® # 12741474

New

$795,000

175 E Delaware Place 6611, Chicago

3 Beds 2 Baths 1,707 SqFt Residential MLS® # 12765806

$795,000

345 N Lasalle Drive 3502, Chicago

3 Beds 2 Baths 1,555 SqFt Residential MLS® # 12749161

$799,000

↓ $96,000

1120 N Lake Shore Drive 18ab, Chicago

4 Beds 3 Baths 3,500 SqFt Residential MLS® # 12634167

$799,000

↓ $20,900

200 E Delaware Place 24f, Chicago

3 Beds 3 Baths 2,000 SqFt Residential MLS® # 12683629

$800,000

1005 N Kingsbury Street, Chicago

3 Beds 3 Baths 1,688 SqFt Residential MLS® # 12697320

Open House

$815,000

1445 N Mohawk Street 2, Chicago

3 Beds 3 Baths 2,000 SqFt Residential

Open House

Sat, Oct 10th, 2026 @ 11am - 1pm

MLS® # 12726187

New

$825,000

1509 N Mohawk Street 1, Chicago

4 Beds 2.5 Baths 2,670 SqFt Residential MLS® # 12755939

$825,000

161 E Chicago Avenue 39e, Chicago

3 Beds 3 Baths 2,143 SqFt Residential MLS® # 12729175

$835,000

367 W Locust Street 305, Chicago

3 Beds 3 Baths 1,852 SqFt Residential MLS® # 12766372

$839,000

1317 N Larrabee Street 401, Chicago

3 Beds 2 Baths 1,900 SqFt Residential MLS® # 12723464

$850,000

1120 N Lake Shore Drive 18cd, Chicago

4 Beds 3.5 Baths 0 SqFt Residential MLS® # 12742476

$855,000

↓ $5,000

505 N Lake Shore Drive 5302, Chicago

3 Beds 2.5 Baths 1,806 SqFt Residential MLS® # 12592209

$875,000

222 E Chestnut Street 6b, Chicago

3 Beds 3 Baths 2,400 SqFt Residential MLS® # 12725526

New

$895,000

1235 N Astor Street 2n, Chicago

4 Beds 2.5 Baths 3,200 SqFt Residential MLS® # 12737781

$899,000

1100 N Lake Shore Drive 27b, Chicago

3 Beds 2.5 Baths 2,200 SqFt Residential MLS® # 12702274

$899,000

↓ $96,000

1515 N Astor Street 23bc, Chicago

4 Beds 3 Baths 3,200 SqFt Residential MLS® # 12631235

$900,000

↓ $30,000

505 N Lake Shore Drive 6206, Chicago

3 Beds 2.5 Baths 1,800 SqFt Residential MLS® # 12690850

$924,000

↓ $200

505 N Lake Shore Drive 5706, Chicago

3 Beds 2.5 Baths 1,800 SqFt Residential MLS® # 12660293

$930,000

505 W Elm Street 3, Chicago

3 Beds 3 Baths 0 SqFt Residential MLS® # 12756149

$939,000

950 N Michigan Avenue 2305, Chicago

3 Beds 2.5 Baths 1,860 SqFt Residential MLS® # 12723645

$950,000

1242 N Lake Shore Drive 22, Chicago

4 Beds 3.5 Baths 4,200 SqFt Residential MLS® # 12260426

$950,000

↓ $100,000

1515 N Astor Street 17bc, Chicago

4 Beds 3.5 Baths 3,200 SqFt Residential MLS® # 12642412

$950,000

↓ $50,000

240 E Illinois Street 3001, Chicago

3 Beds 2 Baths 1,673 SqFt Residential MLS® # 12685649

$950,000

↓ $49,999

742 N Lasalle Street 5, Chicago

4 Beds 2.5 Baths 3,100 SqFt Residential MLS® # 12722688

$950,000

2 E Erie Street 3005, Chicago

3 Beds 3 Baths 2,182 SqFt Residential MLS® # 12768973

$995,000

1501 N State Parkway 5a, Chicago

3 Beds 3 Baths 2,300 SqFt Residential MLS® # 12710201

$997,747

110 W Superior Street 2603, Chicago

3 Beds 2 Baths 0 SqFt Residential MLS® # 12749118

$1,050,000

↓ $20,000

57 E Delaware Place 1805, Chicago

3 Beds 2.5 Baths 1,855 SqFt Residential MLS® # 12633258

$1,050,000

↓ $99,000

1310 N Ritchie Court 10ad, Chicago

3 Beds 3 Baths 3,000 SqFt Residential MLS® # 12717753

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Tags

• River North Real Estate (16)
• Gold Coast Real Estate (9)
• Streeterville Real Estate (5)
• Downtown Chicago Condos (2)