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Dearborn Park Real Estate and Neighborhood Information

Get to know Dearborn Park

Dearborn Park provides a link between the hustle and bustle of the central Loop and the quieter, more residential South Loop area. Residents are drawn to the neighborhood's new developments, suburb-like streets, and the accessibility of Chicago treasures like the Field Museum, Shedd Aquarium, Adler Planetarium, Grant Park, Navy Pier, and, of course, beautiful Lake Michigan. Much of Dearborn Park's residences take the form of traditional townhomes or hip, new condo and loft spaces. Because of its great location, prices in Dearborn Park can be up market, but there are plenty of properties in an affordable bracket as well. The community is fairly small which doesn't leave much room for copious restaurants, but there are a few neighborhood haunts where locals can grab a sandwich for lunch or order pizza for dinner. Instead of little storefront shops, Dearborn Parkers head over to the one-stop shopper's favorite: Target.

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Dearborn Park Real Estate

From trendy new condominiums to traditional townhomes, Dearborn Park offers Chicagoans the ultimate urban lifestyle. Since Dearborn Park is a relatively new neighborhood, you’re not going to find any old brownstones here. Instead, this area is full of modern architecture, although some of the buildings do follow vintage designs. The beginning of development in this area came in the form of high-rise apartments, and has followed with mid-rise lofts, condos and townhome complexes.

As for location, those who choose to live in Dearborn Park have the choice of either uber-urban digs—positioned right on busy thoroughfares like State Street—or something tucked away on a secluded residential side street with all the idyllic trees and chirping birds to go with it. Young working singles love the Dearborn Park area for the affordable real estate and the investment in an up-and-coming area, while young families appreciate the calm, semi-suburban feel in the center of the city. Whatever brings you here, living in this neighborhood means that you’re only a few blocks away from the namesake park, and residents take full advantage of the patch of green by playing with the kids, walking the dogs, or just reading in the sunshine.

Townhouses in Dearborn Park are spacious and well-equipped with all the modern amenities, luxury finishes and even garage parking spots for your vehicles. Of course a home with all that doesn’t come cheap. The price for a two- or three-bedroom townhome in Dearborn Park generally starts at around $475,000, and if you want, you can easily spend close to $800,000. Condo units in the neighborhood are a little more moderately priced but still provide beautiful layouts with floor to ceiling windows, high-quality construction, current upgrades, and many even have balconies. Homebuyers can expect to find most of the two-bedroom condos and lofts in the area to cost between $275,000 and $500,000. These units typically come with garage parking for one car. Smaller places are available starting in the low $200,000s.

Dearborn Park market trends

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