Lakeview, Chicago, IL
Lakeview Real Estate
As in most parts of Chicago, the vast majority of Lakeview
condos or townhomes. You can browse through the MLS listings for
Lakeview homes at the links below:
condos and townhomes for sale
single family homes for sale
multi-unit buildings for sale
Lakeview Housing Market
Through July 2008 Lakeview appeared to be one of the few Chicago
communities whose real estate market had been immune to price erosion
and housing inventory buildup. However, by September 2008 the situation
had started to deteriorate as shown in the inventory chart below.
Lakeview condo inventory never got as bad as in most Chicago
communities but they did peak as high as almost a 14 month supply in
April 2011 before heading back down. On the other hand, single family
home inventory hit almost a 2 year supply at it's peak in the summer of
But then the clouds parted and the sun came out. By June
2011 both housing types crossed under a 12 month supply but they have
recently diverged. Single family home inventory temporarily crossed
above a 5 month supply (still not that bad) in May 2015 and ended that
year at a 4.5 month supply. Condo inventory ended the year at a record
low 2.1 months supply.
since the end of 2015 the inventory of single family homes has actually
risen and is now technically in a buyer's market again. This is the
highest it's been since 2011.
that sell in Lakeview during this same period have mostly sold in 100
to 200 days on average, though they have dipped below 100 days in the
last 3 years. Recently condos that do sell have sold in 50 - 80 days.
given the lower volume of sales, single family home market times are
much more volatile and have ranged between 100 and 300 days until
recently when we've seen them dip as low as the 30 -40 day range.
Nevertheless, the homes that have recently sold at the end of the year
have been on the market close to 300 days.
With one of the largest populations of any Chicago
neighborhood, Lakeview manages the styling aura of its southern
neighbor in Lincoln Park with an added diversity all of its own.
Bounded on the north by Irving Park Road, on the south by Diversey
Parkway, on the west by Ravenswood Avenue, and on the east by the body
of water alluded to in its name, Lakeview is home to the shrine of the
American pastime known as Wrigley Field, as well as such bohemian
destinations as Halsted and Belmont. The sights and culture are so
varied, in fact, that the neighborhood is colloquially divided into
three smaller regions: Lakeview East, Lakeview West, and Wrigleyville.
You can find a great map showing the smaller neighborhoods
within Lakeview here.
Through numerous historical tricks and
turns, Lakeview has been everything from tranquil farmland where
Germans, Swedes, and Luxembourgers planted celery to a scenic retreat
where wealthy city-dwellers escaped the cholera outbreak of 1857 all
the while maintaining its picturesque reputation. Along with its urban
density, which includes an overflowing amount of restaurants, bars, and
shops, the neighborhood is also known for its intimate gardens and
walkable streets, particularly on its eastern edge, where dazzling
waterfront views are the rule rather than the exception. Residential
options are versatile and plentiful: aside from numerous historic
walkups and high-rises (many of them remodeled), there is also a
considerable amount of townhouses and detached, single-family homes in
the area. Among the colossal and the novel, Lakeview boasts the largest
residential building on Chicago's North Side (the 901-unit Park Place
Tower) as well as the memorable, bleacher-laden buildings surrounding
Wrigley Field that allow fans outside of the relatively small stadium
to get in on the action. As of late, condo-conversions have also gained
in popularity. This plethora of options appeals to a similarly wide
array of residents, young and old, singles and families.
Lakeview East includes the thriving neighborhood of North
Halsted, home to PRIDEChicago.In addition to the
summer events(including a fine arts festival and a garden tour in
July), Lakeview East is an entertainment hub in its own right. Known
for its club and bar scene the local haunts are always on the forefront
of trendy. And if you are forced to pay for all the revelry, there's
nothing like walking off the previous night's martinis along Lakeview's
lake views in un-judgmental and ever-loyal company who, as an added
delight, may run free on the Belmont Harbor Dog Beach without fear of a
leash violation. The northern tip of Lincoln Park(the park) also creeps
up along the neighborhood's eastern rim, and a sizable harbor tops off
the lakefront attractions.
Lakeview East is not the only place to soak in a bit of
culture and fun, however. There's also the home turf of the Chicago
Cubs or, in the parlance of late super-fan Chris Farley, Daaaaaaa Cubs.
The second oldest running baseball stadium is also one of America's
most hospitable, with its dense ivy and cozy periphery. Fans who are
unable to make it into the friendly confines find their way into one of
the rowdy sports bars that line Addison and Clark. Needless to
say,parking is nearly impossible to come by during a game day and very
difficult on every other occasion (there isn't a single parking garage
in Wrigleyville and the parking meters even run on Sundays). Parking
along residential streets is also typically limited to those holding
special permits, which is good news for residents but perhaps bad news
for their guests (despite the availability of guest permits).
When it comes to transportation to and from Lakeview,there are
plenty of options. The Red, Purple, and Brown lines stop at Belmont (a
hot spot for Lakeview shops) before the Brown line snakes West to the
Southport and Paulina stops while the Red and (during peak hours)
Purple lines head north to Addison (next to Wrigley field) and Sheridan
(near Irving Park). The Metra commuter rail line also stops near
Belmont (Franklin Park). If you take your own car, pray that the Cubby
Bears are hibernating, lest you reap grotesque congestion which is
normally high even on the off-season. I-90/94 and Lakeshore Drive have
convenient exits at Belmont and Addison. And if you are the sporty
type, bike paths on Clark, Lincoln, and Halsted pit your pedaling
prowess against the grazing traffic.
This section is still under construction.
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