Near North Side Chicago Chicago Real Estate & Homes for Sale in Illinois
The Near North Side communities of Chicago are located in the heart of the city on the shores of Lake Michigan. This diverse and dynamic area is made up of many unique districts including the Gold Coast, River North, the Magnificent Mile, Streeterville and Old Town. These districts provide upscale housing alongside art galleries, renowned dining establishments, points of historic interest and ritzy shopping centers. Chicago's multicultural heritage is reflected in these neighborhoods which attracts millions of visitors each year.
The greater Chicago area is home to nearly three million people from all over the world. The best of Chicago, including the Willis Tower (formerly Sears Tower) and all of downtown, is within easy reach of Near North Side. An elaborate system of expressways and public transportation, including taxis, buses, the subway and elevated trains, make for convenient travel within the city and to and from the surrounding suburbs. (more)
The city is one of the most culturally diverse in the country, with many ethnic neighborhoods that go back generations. Each ethnic group that arrived in Chicago brought along a unique community spirit and a determination to succeed, which can still be felt throughout the city. Chicago provides a unique combination of old world charm and modern opulence and the city's optimistic motto "I Will" is as inspirational now as ever. The Near North Side communities are a fabulous place to live and take advantage of all the opportunities of the Chicago metropolitan area.
Price Range of Chicago, Illinois Homes for Sale
The Near North Side Chicago real estate market consists primarily of low-, mid- and high-rise condominiums and townhouses with some single-family homes available as well. Condominiums and townhouses in the neighborhoods of Near North Side range in price from $150,000 to over $32 million for luxury condos in preferred locations along the Gold Coast with exclusive amenities. Single-family homes in Near North Side are priced from $890,000 and exceed $9.5 million for large multi-story estates of all different styles, including traditional, English and Victorian. These properties are located on oversized lots in the preferred neighborhoods of the Gold Coast, River North, Streeterville and Old Town.
There is a virtual wall of luxury high-rises that offer beautiful views of Lake Michigan and further inland, greystone and brownstone houses offer a pleasant reminder of the area's original, charming turn-of-the-century residential neighborhoods.
Near North Side Chicago Real Estate Stats and Trends for the week of April 17th, 2020: homes priced around $1,931,662 compared to $1,931,662 the previous week, to remain steady with no change in listing price. For Tuesday, April 21st, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.