This classy south side Chicago neighborhood is rapidly reviving itself to its former glory. Once coined the “Lake Forest of the South Side,” Kenwood is flanked with landmark buildings and breathtaking homes designed by influential architects such as Frank Lloyd Wright. Kenwood is associated with another name that has gained worldwide recognition in recent years, Barack Obama. He and his family live in the upscale section of the neighborhood where million-dollar properties are the norm. Other areas of Kenwood offer more affordable real estate in the way of condominiums and three-bedroom single-family houses. Along with a growing commercial district, Kenwood has established itself as a center for the arts. A couple design and art galleries are located in the community, supplying residents and other Chicagoans with venues to exhibit their creative talents and educational opportunities to fine tune those artistic skills.
North Kenwood / Kenwood Real Estate and Neighborhood Information
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North Kenwood / Kenwood Real Estate
Nestled among tree-lined streets, the time-honored mansions of yore retain their elegant presence in this historic south side Chicago neighborhood. While many of the older Kenwood homes that have been restored have been designated historical landmark buildings, a number have also been converted into condominium units with all the modern amenities including granite counter tops, stainless steel appliances and heated marble bathroom floors. And, new residential developments are tastefully integrating with the early 20th century architectural styles of their long-established neighbors.
Kenwood neighborhood has one of the best collections of residential architecture in the city. Designs range from classic asymmetrical rooflines of the Queen Anne style, to Frank Lloyd Wright’s modern edifices from the Prairie School. You’ll even catch a glimpse of stately Georgian hybrids, known as Colonial Revival. And we’ve always been big fans of the ornate archways characterized by the school of Italianate and reminiscent of Italian villas—not surprisingly, Kenwood has got that, too.
While you’re in the neighborhood take a walking tour down to the Rainbow/PUSH Coalition Headquarters (930 E 50th St, 773-373-3366) that’s housed in a landmark building constructed in 1924. Or get a glimpse of Malcolm X’s buddy, Louis Farrakhan’s home (4855 S Woodlawn Ave), massive in size for a city pad, and ornate in architectural design. Drexel Square Park (between 51st Street and 39th Street) is a pedestrian-friendly walkway in the middle of the unusually quiet Drexel Boulevard. You’ll be awestruck by the structures before you, especially when you lay your eyes on the oldest surviving fountain in the city that dates back to the Victorian era—a time that gave rise to many artistic styles due to economic prosperity brought on by the industrial revolution.
The many South Kenwood Mansions, between Dorchester and Ellis avenues (as far south as Hyde Park Boulevard and as far north as 47th Street) will take your breath away. Their monsterous size and sprawling grounds edged by flawless landscaping reminds us of the wealth and ingenuity that prospered in Kenwood at the beginning of America’s modern times.
Today, the average sales price for a three-bedroom single-family detached home in Kenwood is about $500,000. For four to five bedrooms, you’ll be looking to pay in the neighborhood of $638,000 on average, with the low end around $285,000 and the high end at $1.4 million. For the mansions with six or more bedrooms, the average sales price is $1,460,000, with many of them valued at 2.5 to 3 million dollars.
But let’s face it—most of us don’t need that much space. In that case, a condominium might be more our style. The average sales price for one-bedroom attached housing, or condo, around here is $132,000 (the low end is under $100,000 and the high end is $340,000). A two-bedroom costs around $209,000 on average, reaching close to $400,000 for rehabbed units and upgraded amenities.
North Kenwood / Kenwood market trends
The average sale price of a home in North Kenwood / Kenwood 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 North Kenwood / Kenwood sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in North Kenwood / Kenwood 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 North Kenwood / Kenwood 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 North Kenwood / Kenwood 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 North Kenwood / Kenwood sign up for the trends report below or contact your Dream Town broker.
The total number of listings in North Kenwood / Kenwood 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 North Kenwood / Kenwood sign up for the trends report below or contact your Dream Town broker.
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