LINCOLN PARK

 

Lincoln Park is an area on the North Side of Chicago and north of the loop.  Bounded by North Avenue, Diversey Parkway, Ashland Avenue and Lake Michigan.   The lakefront and Lincoln Park dominate the area.  You will find some of the most desirable real estate in Chicago located in Lincoln Park.  Lincoln Park has been popular among singles, college students and young families. You will also find many residents who have lived in the area for a number of years.

 

Lincoln Park is famous for its row houses, which are several small buildings attached to each other on the block.   There are two major parks in the area, Lincoln Park which includes the free Lincoln Park Zoo and Lincoln Park Conservatory and Oz Park. In the summer, free concerts are held at the Park.  De Paul University is also located in Lincoln Park.

 

The neighborhood is a self-contained city with shops, restaurants and entertainment.  If you are looking for upscale shopping, try North Avenue between Halsted and Ashland.  Considered an ideal Chicago neighborhood to raise a family, it is also popular with the singles and college students because of its thriving nightlife.

 

Transportation

 

CTA buses run on Fullerton, Halsted, Ashland, Diversey Parkway, Clark and Lincoln Avenue, and the Red, Brown and Purple El Lines stop at North Ave., Sedgewick, Armitage, Fullerton & Diversey

 

 

Demographs:

Lincoln Park is on of the youngest neighborhoods of Chicago. According to Zillow demographics the peaks for age distribution are: 20s with 33.8% and 30s with 25.1%. Among residents, 57.4% are single, 31.4% are married, 7.8% divorced and 3.4% are widowed.

Only 8.3% of the residences in this area are homes for kids.

 

Lincoln Park People Data

 

Lincoln Park

Chicago

National

Median Household Income:

$63,738

$38,625

$44,512

Single Males:

27.3%

21.0%

14.6%

Single Females:

30.0%

19.9%

12.5%

Median Age:

35

33

36

Homes With Kids:

8.3%

28.5%

31.4%

Average Household Size:

1.532

2.67

2.589

Average Commute Time (Minutes):

32.531

35.441

26.376

 

 

 

 

 

Lincoln Park Attractions

 

Lincoln Park is considered the city’s largest park and the Lincoln Park Zoo is a world-class zoo. The boundaries of the park begin at North Avenue and follow the shoreline of Lake Michigan north for several miles. There are also a half a dozen beaches, a botanical conservatory, two excellent museums, a golf course, the meadows, formal gardens, sporting fields and tennis courts. Something for everyone.

 

Other area attractions include the Lincoln Park Branch of the Chicago Public Library and DePaul University, which offers many community programs.

 

Second City Theatre and the Steppenwolf Theatre are located in Lincoln Park.  There are also three arthouse/historic movie theaters in the area.  The Biograph Theatre is the most famous because this is where John Dillinger was allegedly gunned down by the FBI.

 

 

 

Real Estate

 

Brownstones and graystones, which have been converted to condominiums, are everywhere.  A number of single family homes that have been converted into multiple-housing for students are now being converted back to their original status. The neighborhood has a suburban feel to it.  Real estate prices range from close to Gold Coast level to affordable, depending on the type of property you are looking for.

The median sales price for homes in Lincoln Park for the period Nov 08 to Jan 09 was $430,000. This was a decrease of 27%, or $91,500, compared to the prior quarter and an increase of 12.4% compared to the prior year. Sales prices have appreciated 62.9% over the last 5 years in Lincoln Park, Chicago.

“The median sales price of $430,000 for Lincoln Park is 81.05% higher than the median sales price for Chicago IL. Average listing price for homes in Lincoln Park was $1,052,551 for the week ending Feb 25, which represents an increase of 0.3%, or $3,094 compared to the prior week and a decline of 2.5%, or $26,998 compared to the week ending Feb 04. Average price per square foot for homes in Lincoln Park was $858 in the most recent quarter, which is 530.88% higher than the average price per square foot for homes in Chicago.”

 

Market View for Chicago

18,136

Homes For Sale

286

Open Homes

14,688

Recently Sold

15,609

Foreclosures

 

Market Trends for Chicago

 

The Average Listing Price is $466,700, going down with 0.5%.

The Median Sales Price for the area of Lincoln Park is $237,500, decreasing with 16.7%.

Number of Sales for Lincoln park has decreased by 48.8% reaching a number of 5,292.

 

Restaurants

 

Frommers 2009 Picks:

Charlie's Ale House -- Lincoln Park pub. It's located at 1224 W. Webster Ave., at Magnolia Avenue (tel. 773/871-1440).

North Pond – Located on one of Lincoln Park's beautiful lagoons, serves upscale American cuisine.  Alcohol is not permitted on the outdoor patio. The address is 2610 N. Cannon Dr., halfway between Diversey Parkway and Fullerton Avenue (tel. 773/477-5845).