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McKinley Park Real Estate and Neighborhood Information

Get to know McKinley Park

Located just southwest of the Loop, McKinley Park is a unique Chicago neighborhood boasting a historic past. Named for the 25th President of the United States, William McKinley, the area’s namesake 69-acre park is the cornerstone of the neighborhood. Nestled in the geographic center of Chicago, McKinley Park was originally settled in 1836, quickly becoming a booming industrial hub. Today, the neighborhood is a vibrant area with a variety of housing options ranging from beautifully converted lofts to classic Chicago bungalows. Recognized in 2019 as one of the country’s trendiest neighborhoods, McKinley Park’s proximity to some of the city’s hottest locales, easy transportation options, and diverse housing options lend to the area’s popularity among Chicago residents.

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McKinley Park Real Estate

McKinley Park is a slow and steady kind of Chicago neighborhood—isn’t that the type that wins the race? But seriously, McKinley Park has been developing through generations of working-class families that first settled the land in the 1830s. Now, over a century later, McKinley Park is still a cozy, family-focused neighborhood with affordable housing, on the cusp of being on the rise. The residential streets reveal an appealing mix of old and new structures, where modern townhomes occasionally sit catty-corner to century-old homes.

New townhouses, smaller apartment complexes, and two- to four-story flats line the avenues next door to neighborhood parks. A variety of smaller bungalows, raised ranches, and single-family homes round out the housing options in McKinley Park. In general, the homes include spacious living areas, reasonable property values, and a short commute on the Stevenson Expressway (I-55) to downtown Chicago.

Generally, the average sales price for a one-bedroom condo in McKinley Park is $209,000, but you can easily find places in the mid to upper $100,000s. Two or three-bedroom units average around $278,000 with a few in the $350,000 to $375,000 range. Detached single-family homes with three bedrooms sell for as low as $90,000, but can reach into the $400,000s. While not common for the majority of McKinley Park housing, some of those century-old historic homes are valued at a million dollars.

McKinley Park market trends

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