The diverse Lakeview, Chicago real estate market is a huge draw for potential residents, where every personality and budget can find a home. Potential Lakeview property owners can choose from single-family residences to quaint cottages within the confines of a single neighborhood. The Lakeview, Chicago real estate market also includes townhomes and condominiums for renters and large, architecturally stunning mansions for more affluent residents. There is a broad range of pricing options within the Lakeview Chicago real estate market, beginning around the low $200,000s and reaching upwards to $1 million and more. Median selling prices for single-family homes in 2007 is reported to be around $1,069,000, while condos and townhomes had median prices of $228,250 (one-bedroom units), $360,000 (two-bedroom units), and $540,018 (three or more-bedroom units). The diverse groups of buildings range from modern architectural wonders to structures with historical details dating back hundreds of years.
Much like other markets directly bordering it, the Lakeview Chicago real estate market is a competitive one, most likely because of the affordability of this community. The demographic mix of students, young professionals, families and seniors means that the market does not cater to any one particular demographic --- instead, this diverse market offers options to all.
There are several annual festivals and celebrations held in Lakeview including Northalsted Market Days, a huge tourist attraction. Additionally, the Gay and Lesbian Pride Parade (one of the largest in the country) is held in Lakeview, along with many farmers’ markets. During many of these seasonal festivities, live music and colorful street vendors line the streets of Lakeview, offering unique gifts and crafts for sale.
It is this unique mix of culture, education and affordable housing, it’s easy to see why Lakeview properties are in such high demand. It is rare to find this kind of diverse array of activities and community within the confines of one neighborhood, and Lakeview certainly has perfected the formula.
For more information about Lakeview, Chicago real estate or to inquire about available properties, get in touch with local real estate expert and professional Realtor Mike Long of Long Realty at 773-851-3654.
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