Active lakeside park and beach meet upscale boutique shopping and world-class dining in this charming near north side Chicago neighborhood. Over the years Lincoln Park has gained a reputation as one of the city's most desirable communities. Its shady, tree-lined residential streets and stretches of exciting entertainment and nightlife are the ideal union of serenity and fun. The majority of Lincoln Park holds an old-fashioned appeal, reinforced by rows of brown- and graystone walkups and ornate, vintage architecture. DePaul University campus adds to the neighborhood's historic character with beautiful late-19th century buildings, while the population of students interjects a youthful energy into the area. An electric bar and club scene - favored by the younger crowd in Lincoln Park - is buffered by miles of tranquil green space and breathtaking shoreline in the neighborhood's namesake 1,200-acre park. Summertime bursts with activity as people come from all over the city to enjoy the expansive beach, waterfront jogging and biking trails, a jam-packed schedule of street festivals and farmer's markets, and the family favorite - the Lincoln Park Zoo.
Lincoln Park Real Estate and Neighborhood Information
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Lincoln Park Real Estate
Lincoln Park's residential streets are among the most beautiful in Chicago. Towering trees, shaded sidewalks and rows of elegant, wrought-iron gates preserve the neighborhood's historic charm. Lincoln Park real estate is a mix of three- and four-story conventional flats, single-family townhomes, contemporary courtyard condominiums and high-rise residential buildings offers everyone from young working singles to beginner families to empty-nesters a place to call home.
Many of Lincoln Park's older, stately graystones, brownstones and brick walkups are rehabs, updated with modern conveniences and state-of-the-art amenities essential to today's lifestyle. While some are still private single-family residences, most of these vintage buildings have been split up into separate two- and three-bedroom units. The majority of studios and one-bedrooms can be found in Lincoln Park's stretch of mid- and high-rise condos that are generally limited to the eastern edge of the neighborhood, closer to the lakefront. You can typically get anything from a studio loft to a three-bedroom duplex. Lincoln Park buildings usually offer bonuses such as a pool, exercise room, tennis courts, garage parking, extra storage, doorman and roof-top deck. And some of the properties on the top floors afford amazing views of the water, which means you'll have to pay more, but for a coveted window or balcony facing that kind of scenery, itâ€™s well worth it.
With DePaul University's campus located within Lincoln Park neighborhood boundaries, there is a large student population residing in the area. So a portion of the classic flats and condos near the school's grounds have retained a 'lease only' situation, catering to the transient nature of the college's student body. Even with tenants coming and going on a yearly basis, landlords maintain the rental properties with the pride and care that is seen throughout the neighborhood's owned real estate, and oftentimes it is hard to tell whether a place is occupied by renters or homeowners.
For the most part, detached single-family real estate in Lincoln Park neighborhood is characterized by narrow multi-story townhouses, with small cottage-style frame houses here and there. Rising from the sidewalk with dignified stature, many of these private homes are a reminder of the community's past with massive front stoops and ornate exterior stonework, although the residential blocks hold a good number of contemporary designs that incorporate a fresh new side to this long-established section of Chicago. While there are quite a few posh mansions in Lincoln Park, coach houses hidden behind the street-front homes are common dwellings for those with more moderate incomes. These quaint abodes are completely separate from the main residence and provide a very quiet and secluded existence, set off from the actual road and accessed through side gates.
In general, the average sales price for a one- to three-bedroom unit in Lincoln Park is around $435,000. However, potential homebuyers will find the range for attached properties spans from the low $100,000s for a studio to $3 million for a four- or five-bedroom townhouse with two-car garage. The average sales price for a single-family detached home in the Lincoln Park neighborhood is about $1.6 million with the lower end dipping into the $500,000s for a tiny 'worker's cottage' or coach house, and the upper end easily reaching into the multi-millions ”we're talking anywhere from six to 16 million dollars" for a straight up three- or four-story Victorian estate.
Lincoln Park market trends
The average sale price of a home in Lincoln Park is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Lincoln Park sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Lincoln Park spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Lincoln Park sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Lincoln Park is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Lincoln Park sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Lincoln Park is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Lincoln Park sign up for the trends report below or contact your Dream Town broker.
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