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Near South Side Real Estate and Neighborhood Information

Get to know Near South Side

Nestled in the center of some of Chicago's most diverse neighborhoods, the industrial Near South Side is a prime place to experience urban living. Because of the historical Mercy Hospital, many medical professionals call this neighborhood home, as do artists taking advantage of the large, open layouts and studio space. The existing warehouses make for ideal loft conversions – the ultimate in “industrial chic” design – and contemporary condominiums provide more conventional homes. Surrounded by a network of highways and public transportation routes, the Near South Side offers residents easy access to other parts of the city and a quick commute to downtown Chicago. As a reinvented manufacturing quarter, the neighborhood still has a ways to go in terms of commercial business, but evidence of a dining district has already emerged.

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Near South Side Real Estate

The wide streets of the Near South Side neighborhood are lined with lush green trees. Sprinkled with medical offices, high-rise buildings, and of course, the Mercy Hospital Center, the entire community feels a bit like a college campus. Very few detached homes exist here, as most residents live in condo buildings or converted warehouses.

The neighborhood’s proximity to the Loop, Chinatown, the Prairie District, and the nearby Douglas community means that plenty of restaurants, shops, and nightlife are within walking distance. Near South Side residents get to enjoy the respite of their quiet little enclave—it truly is an island inside all the hustle and bustle of the city.

There are some one-bedroom lofts or condos available in the Near South Side for under $100,000 here, but the average sales price is around $140,000. A two-bedroom unit ranges between $130,000 and the mid-$300,000s, while a three-bedroom costs about $260,000, on average.


Near South Side market trends



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