Chicago Neighborhoods - Edgewater Market Statistics


Source:  MLSNI Area Market Survey Data
This Market Information is Updated Monthly!


PROPERTY TYPE

NUMBER AVAILABLE

AVERAGE PRICE

NUMBER SOLD*

AVERAGE SALE PRICE

AVG MARKET TIME

Condos

243

$226,708

737

$209,361

83 Days

Single Family Homes

39

$928,215

73

$651,393

65 Days

2-4 Unit Buildings

12

$668,817

41

$575,643

42 Days

*Average for the 12-month period ending 11/1/2015


Chicago Neighborhoods - Edgewater


Edgewater Overview

Edgewater homes for sale are right for you if you’re looking for a Chicago neighborhood that is close to Lake Michigan and just seven miles north of the downtown area.  Back when the community was first established, around the mid-1800s, Edgewater was part of the Lake View Township which was an independent, self-governing suburb of Chicago.  Edgewater is now included as one of Chicago’s 77 official community areas and  is bounded by Foster Street on the south, Devon Avenue on the north, Ravenswood Avenue on the west, and Lake Michigan on the east.  A favorite feature, Edgewater residents are privileged to have access to several beaches and water activities each summer.

Edgewater Homes for Sale

Edgewater was first developed in the late 1800s as a summer home area by Chicago's elite.  Within Edgewater are pockets of historic districts; the Bryn Mawr Historic District is one example.   Edgewater (which is actually, Edgewater Beach) boasts a skyline of tall apartment buildings, condominium complexes, and mid-rise homes. The town is home to Loyola University Chicago.

With the highest population density of any Chicago neighborhood, the northside community of Edgewater is a bustling one.  Found within the area are the smaller communities such as Edgewater Glen and Lakewood-Balmoral which are known for their historic brick and frame houses, many of which have been restored to the splendor of their hey-day.  Andersonville is another community in the area and was once a thriving Scandinavian community, but in more recent times has become quite culturally diverse.  This community offers an eclectic shopping district. 

The Edgewater neighborhood is an easy commute to Downtown Chicago and The Loop.  Serviced by the CTA Red Line, with stops at Thorndale, Bryn Mawr, and Berwyn, Edgewater residents have a 25-minute commute to downtown, even during heavy traffic periods.  

The famous Lake Shore Drive is a limited-access boulevard (no trucks or commercial vehicles allowed) and runs along Lake Michigan, providing an incredible view.  Taking this route into downtown is a 35- to 45-minute driving commute, depending on traffic.

Locate this neighborhood on our Chicago Neighborhood Map!


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Edgewater Homes for Sale


KELLER WILLIAMS REALTY PARTNERS • CHICAGO, IL  60646

CALL TOLL FREE - 888-770-8326

IN CHICAGO - 773-290-8393

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