Lincoln Park Chicago Real Estate

Welcome to the family-friendly neighborhood of Lincoln Park, situated on the north side of Chicago, and named for the vast stretch of lush greenway that borders the area. Lincoln Park has become one of the fastest-growing and most sought-after places to live in the entire metro Chicago area. Culture abounds in and around Lincoln Park Chicago real estate, and the community is home to DePaul University and the Lincoln Park Zoo. 

The park itself is a stunning attraction, featuring the famous Lincoln Park Zoo, a spacious outdoor theatre, a rowing canal, intramural sports fields, the Chicago History Museum, and much more. The delectable North Pond restaurant is also located within the park’s borders.

Lincoln Park (Chicago) real estate is available at a premium. Beautiful, row-style homes and brownstones are situated around the community, while stately mansions dot Orchard and Burling streets. Many of the students from nearby DePaul take up residency in a diverse array of Lincoln Park properties, taking advantage of close proximity to the university. In fact, in 2007, Forbes Magazine named Lincoln Park’s Orchard St. area (which includes an area between Armitage St., Willow St. and Burling St.) the most expensive block in all of Chicago.

The community of Lincoln Park is one of the most popular of all Chicago neighborhoods because of its close proximity to downtown. This also plays a part in the home value prices of Lincoln Park properties, with sellers easily fetching anywhere from $400,000 to well over $2 million for their properties. During 2007, the median selling price for single-family residences in Lincoln Park averaged around $1,425,000. Condos and townhomes are best suited for smaller budgets, with a median selling price of $249,868 for one-bedroom units, a median selling price of $417,000 for two-bedroom units, and an median price of $640,000 for three-bedroom or more.

Because people here don’t tend to relocate often, low turnover makes the Lincoln Park, Chicago real estate market a very competitive one. The neighborhood is bordered by Diversey to the north, North Ave. to the south, Lake Michigan to the east and The Kennedy (the north/south highway known as I-90/94) to the west. Surrounding Lincoln Park you’ll find Lakeview to the North, Old Town/Gold Coast to the South, Lake Michigan to the East and Bucktown to the West.

Lincoln Park, Chicago real estate prices vary, with a one-bedroom apartment renting for an average of $1,000 a month and two- or three-bedroom units renting for about $1600 per month. Many apartment and condominium buildings have been renovated to reflect the neighborhood’s historical charm and upscale appeal. \

To get additional information about Lincoln Park real estate, please contact expert Realtor Mike Long of Rubloff Residential Properties at 773-851-3654.