What Can $275K Buy in Alsip, IL? An Updated 3-Bedroom Cape Cod
A recent closing at 11800 S Ridgeway Ave gives buyers a useful example. The updated 3-bedroom, 1-bath Cape Cod sold for $275,500 on October 30, 2026, offering approximately 1,667 square feet, a full basement, fenced backyard and detached garage.
The transaction was represented by Brian Caron of The Cory Tanzer Group at Option Premier.
The home had most recently been listed at $269,999, meaning it ultimately closed about $5,500, or roughly 2%, above asking. Public sales data confirms the $275,500 closing and October 30 sale date.
For buyers searching Alsip homes under $300K, this sale shows how that budget can still reach an updated single-family home with substantial outdoor space and room for future flexibility.
What $275,500 Bought in Alsip
The home combines the character of a traditional Cape Cod with several modern interior updates.
The main level features refinished dark hardwood flooring, recessed lighting and an arched transition into the dining area, where dark wainscoting adds visual detail.
The kitchen has been updated with:
Two-tone shaker cabinetry
Quartz countertops
Glass subway-tile backsplash
Undermount stainless-steel sink
Gas range
Tile flooring
One bedroom and the full bathroom are located on the main level, while two additional bedrooms are upstairs with newer carpeting, built-in shelving and wardrobe storage.
That layout creates flexibility for buyers who may want a main-floor bedroom while using the upper level for bedrooms, an office, playroom or creative space.
New Roofs, Full Basement and a 9,000-Square-Foot Lot
Some of the strongest value in this sale sits beyond the finished main living area.
Both the house and detached garage received brand-new roofs before the sale. The property had even been temporarily removed from the market while the roof replacement was completed.
The home also sits on an approximately 9,000-square-foot lot with a large fenced backyard.
That outdoor space gives the buyer room for entertaining, pets, gardening or future outdoor improvements.
The detached 2.5-car garage adds another practical benefit, providing parking along with additional storage or workshop potential.
Downstairs, the full basement offers laundry, mechanical and storage space, along with an area that could support future recreation, fitness, workshop or hobby use.
How Does $275,500 Compare With the Alsip Market?
This closing landed very close to the broader Alsip market.
For the three months ending September 2026, Redfin reported a median Alsip sale price of approximately $269,871, with homes selling in about 53 days on average.
Realtor.com's September data for the Village of Alsip showed a median sold price of approximately $265,000.
That puts the $275,500 Ridgeway closing only modestly above recent community medians while providing 1,667 square feet, an updated kitchen, full basement, substantial lot and new roofs.
Recent October closings also show how much variation exists around this price level. Another three-bedroom Alsip home sold for $270,000 on October 26, while a nearby three-bedroom home on Ridgeway sold for $325,000 on October 9.
Those differences reinforce why buyers need to compare condition, square footage, lot size, updates and garage space, not simply bedroom count.
What Does Under $300K Buy in Alsip?
At $275,500, this buyer secured:
3 bedrooms
Approximately 1,667 square feet
Updated kitchen
Refinished hardwood flooring
Full basement
9,000-square-foot lot
Large fenced backyard
2.5-car detached garage
New roof on the home
New roof on the garage
For buyers shopping the South Suburbs under $300K, that combination is a useful reference point.
A similarly priced property may offer an extra bathroom but less land. Another might have more finished basement space but need a roof or kitchen renovation.
The better comparison is the total package of condition, space, major updates, taxes, lot and location.
Buyers considering the community can explore our Alsip, Illinois community guide or compare other communities through Option Premier's Chicago South Suburbs guide.
Looking for a Realtor in Alsip?
South suburban buyers frequently compare multiple communities at the same time, which makes property-level analysis especially important.
Brian Caron of The Cory Tanzer Group at Option Premier represented this Alsip closing and brings approximately two decades of residential real estate experience to buyers and sellers throughout Chicagoland.
Brian grew up in Chicago's western suburbs and has lived in the city for more than 20 years. He comes from a local real estate family and has been recognized with the Chicago Association of REALTORS® Top Producer award nearly every year since 2015.
His recent transactions span Chicago neighborhoods and suburban communities, giving clients experience across different property types, price points and market conditions.
For buyers or sellers comparing an Alsip realtor, a South Suburbs real estate professional or a top realtor in Chicagoland, recent transaction experience provides a useful measure of an agent's ability to navigate different markets.
Buying or Selling in Alsip?
This $275,500 closing shows that buyers around the local median can still find a single-family home with meaningful square footage, a large yard, garage space and major exterior improvements already completed.
Brian Caron and The Cory Tanzer Group at Option Premier can help buyers and sellers compare recent Alsip transactions, current inventory and the individual features that influence value.
ALSIP & CHICAGOLAND REAL ESTATE
Meet Brian Caron, Your Alsip Real Estate Resource
The Cory Tanzer Group at Option Premier
Brian Caron helps buyers and sellers navigate Alsip and residential real estate throughout Chicagoland. With approximately two decades of real estate experience, Brian combines market knowledge, client education and skilled negotiation to help clients make informed buying and selling decisions. He has been recognized as a Chicago Association of REALTORS® Top Producer nearly every year since 2015.
Ready to Work With a Chicago Real Estate Expert?
When people search for the best realtor to hire in South/Southwest Side Chicago, they are looking for local expertise, visibility, and proven neighborhood focus. The Cory Tanzer Group at Option Premier continues to be a trusted authority for South/Southwest Side Chicago real estate.
Thinking about buying or selling? Connect with our team and discuss current opportunities and recent sales activity.
