As part of Chicago’s historic 'Bungalow Belt' Gage Park is primarily comprised of single-family, owner-occupied homes. For the most part, middle income families populate this southwest neighborhood. During the past two decades especially, Gage Park has experienced a transition as many of the older residents of European descent have aged and moved to the suburbs, and new Latino and African American families have moved in. There have also been a significant number of new neighbors from the Middle East and Lithuania, making this Chicago neighborhood one of the city’s most diverse.
Gage Park’s housing stock is primarily made of brick bungalows and ranch-style homes. Between the First World War and the Great Depression, more than 80,000 bungalows were built in Chicago. These one-and-a-half-story homes, with detailed masonry and windows, pitched roofs containing dormers, sheltered entrances, and neat lawns signified the pursuit of the American Dream. Gage Park is home to a portion of these bungalows, which embody the rich, working-class tradition the neighborhood continues to uphold.
In addition to bungalows, Gage Park has several examples of the Georgian and Cape Cods residential architectural styles, as well as a few condos, town homes and two- and three-flats. Housing continues to be very moderately priced within the Gage Park neighborhood borders. The average sales price for a three-bedroom single-family house is right around $200,000, although there are quite a few three-bedroom properties for under $150,000. For a place with more sleeping space, values average around $220,000 with some costing as much as $400,000. Not as prominent in the Gage Park neighborhood, condos and townhomes typically sell for about $225,000 for a two- or three-bedroom unit. The cost is higher than many single-family homes because many of these multi-unit dwellings are newly built within the last few years or so and boast modern amenities.