Chicago’s Gold Coast is still one of the most chic areas of the city to live in, and it has…been one of the premiere locations in Chicago for more than 100 years. The proximity to dining, shopping and entertainment is fantastic, especially being just blocks from the magnificent mile.
This area is considered one of the wealthiest parts of the city and to purchase a home, you will have to think in the millions given that the median price for a single-family home in this near north neighborhood came in at $1.995 million (according to Jim Kinney of Rubloff Residential Properties in his survey of Gold Coast properties sold in 2007). If you are willing to settle for a condo, you will have to consider a median price of $735.000.
With all the new highrise buildings being developed in the area, the prices will probably continue to increase. Note, four new major condominium developments are rising and in the area and for information about them just call 312.264.5853.