Choosing the right neighborhood to buy a condo in Chicago is one of the most important decisions you’ll make. There are many factors to consider, from the cost of living to the quality of schools and transportation options. That’s why we’ve put together this guide to help you learn about some of the city’s most popular neighborhoods for condo buyers.
Each neighborhood has its own unique vibe and amenities, so it’s important to find one that matches your lifestyle. In this guide, you’ll find information on demographics, average costs, nearby schools, transportation options, and attractions of note. Use this information to narrow down your search and find the perfect Chicago neighborhood for your condo purchase.
Demographics
Before making any decisions, it’s important to understand the demographics of the neighborhoods you’re considering. This information can give you a better sense of what to expect in terms of cost of living, quality of schools, and more.
Here are some quick facts on four popular Chicago neighborhoods for condo buyers:
Lincoln Park: Lincoln Park is one of the most affluent neighborhoods in Chicago. It’s home to many young professionals and families, as well as a large number of students who attend nearby DePaul University. The average cost of a condo in Lincoln Park is $750,000.
Lakeview: Lakeview is another popular neighborhood for young professionals and families. It’s slightly more affordable than Lincoln Park, with an average condo cost of $650,000.
Wicker Park: Wicker Park is a hipster haven with a trendy, artsy vibe. It’s popular with young adults and students, and the average condo cost is $600,000.
Hyde Park: Hyde Park is home to the University of Chicago and has a diverse population. It’s slightly more affordable than other neighborhoods on this list, with an average condo cost of $550,000.
Nearby Schools
If you have children or are planning to start a family, it’s important to consider the quality of schools in the neighborhoods you’re considering. Here’s a look at some of the top schools near each neighborhood:
Lincoln Park: Lincoln Park High School is one of the best public schools in Chicago. Other nearby schools include DePaul College Prep and Walter Payton College Prep.
Lakeview: Some of the top schools near Lakeview include Lane Tech College Prep, Northside College Preparatory High School, and Walter Payton College Prep.
Wicker Park: Nearby schools include Whitney Young Magnet High School, Lincoln Park High School, and Jones College Prep.
Hyde Park: Schools near Hyde Park include the University of Chicago Laboratory Schools, Kenwood Academy, and Walter Hines Page Public Leadership Academy.
Transportation Options
Chicago is a large city with many different transportation options. It’s important to consider your needs before choosing a neighborhood. Here’s a look at the transportation options in each neighborhood:
Lincoln Park: Lincoln Park is accessible by the El, bus, and car. There is also a Divvy bike-sharing station.
Lakeview: Lakeview is accessible by the El, bus, and car. There are also Divvy bike-sharing stations.
Wicker Park: Wicker Park is accessible by the El, bus, and car. There are also Divvy bike-sharing stations.
Hyde Park: Hyde Park is accessible by the El, bus, and car. The Metra train also stops in Hyde Park.
Attractions of Note
Each neighborhood has its own unique attractions. Here’s a look at some of the attractions you’ll find in each neighborhood:
Lincoln Park: Lincoln Park Zoo, The Second City, Lincoln Park Conservatory
Lakeview: Wrigley Field, The Vic Theatre, Belmont Harbor
Wicker Park: The 606 Trail, Bucktown Arts Festival, Damen Avenue
Hyde Park: The Museum of Science and Industry, Hyde Park Art Center, Promontory Point
We hope this brief guide has helped to shed a little more light on these four popular Chicago neighborhoods when considering where to purchase your next condo!
