Chicago Neighborhoods - Gold Coast & Near North Side Market Statistics

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












86 days

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

Chicago Neighborhoods - Gold Coast & Near North Side

History of The Gold Coast

Before 1885, The Gold Coast homes for sale were not popular; that is, until wealthy merchant Potter Palmer built an elaborate castle on Lake Shore Drive near Division Street.  Soon afterward, many other well-heeled Chicagoans decided to migrate to this new wealthy community.

Originally the area was called The Astor District, named after John Jacob Aster who was one of the richest people in the country.  The neighborhood expanded and offered some of the most exclusive homes and condominiums in Chicago. Though Astor did not live in Chicago, just the use of his name gave the neighborhood the status of wealth and prosperity which still remains today.

The Streeterville neighborhood, which lies east of Michigan Avenue, is bordered by the lake on both the north and on the east.  Interestingly, most don’t know that all this expensive real estate was once at the bottom of Lake Michigan!   But how did Streeterville get it's name? 

In the late 1880s, George 'Cap' Streeter's boat hit a sandbar just off the shoreline.  George and his wife decided to remain on their boat and made it their new home and encouraged dumping in this area.  So, after several years, the debris built up, filled in, and became solid land. Then George claimed this "new land" as an independent territory because an 1821 government survey had declared that Chicago and Illinois property lines terminated at the shoreline. As a Civil War Veteran, Streeter used his homesteading rights and declared the new land to be the District of Lake Michigan.  However, as would be expected, the powers that be eventually got around to taking this land by force, and it is now some of the most expensive real estate in Chicago.

Gold Coast Homes for Sale

The Gold Coast Historic District is now listed on the National Register of Historic Places. Its stately homes, especially along historic Astor Street, evoke a sense of rich history.  Each stone mansion gives the impression of prosperity and wealth.  A stroll through the neighborhood will give you an up-close glimpse of some of the city’s oldest and most unique architecture.   The most expensive single-family residences here sell for over $10,000,000.

Many who live on the Gold Coast and in Streeterville often walk to work, if the weather permits, of course.  The area is also well served by several CTA bus lines.  The Chicago Loop is less than a mile away; and in addition, for a leisurely drive, you can travel picturesque Lake Shore Drive.

Things To Do in The Gold Coast

Are you ready to shop 'til you drop?  The world-famous Magnificent Mile runs north on Michigan Avenue between the Chicago River and Oak Street.  Along this street you will find a blend of some of the world’s most exclusive stores (including Macy’s, Nordstrom, Nieman-Marcus, and Bloomingdales), chic restaurants, office buildings and hotels.  The historic Michigan Avenue Bridge, and the neo-gothic Tribune Tower are among the architectural treasures which you will find at the south end of this incredible strip. 

Chicago’s trademark Water Tower is one of the few structures which survived the Great Chicago Fire of 1871. The Water Tower Place shopping mall, the distinctive John Hancock Center, the opulent Drake Hotel, and the fabulous art-deco Palmolive Buliding (formerly the Playboy Building) anchor the north end of the "Magnificent Mile Strip".  Oak Street Beach, which is at the end of North Michigan Avenue, is popular among the locals and visitors alike for its incredible view.  You can relax on the sand or jog along Lake Michigan against the backdrop of some of the world’s most original and unique high-rise buildings.

If you're looking for outstanding homes in a historic, yet active neighborhood, Gold Coast homes for sale might be just what you're looking for!

Locate this neighborhood on our Chicago Neighborhood Map!



Contact Us Today!







Magnificent Mile Chicago


CALL TOLL FREE - 888-770-8326

IN CHICAGO - 773-290-8393

Home  |  Cure Breast Cancer!  |  Search for Homes  |  Featured Homes  |  For Buyers  |  For Sellers  |  Your Home's Value?  |  Bartlett IL Homes for Sale  |  Niles IL Homes for Sale  |  Portage Park Chicago IL Homes for Sale  |  Our Chicago Newsletter  |  Real Estate News  |  Resources  |  Preferred Professionals  |  Here's Dean's Team!  |  Why Us?  |  Chicago Homes - Sold!  |  Success Stories  |  Contact Us  |  Chicago Real Estate Blog  |  Chicago Neighborhood Map  |  Albany Park Homes for Sale  |  Belmont-Cragin Homes for Sale  |  Bucktown Homes for Sale  |  Edgebrook Homes for Sale  |  Edgewater Homes for Sale  |  Edison Park Homes for Sale  |  Gold Coast Homes for Sale  |  Jefferson Park Homes for Sale  |  Lakeview Homes for Sale  |  Lincoln Park Homes for Sale  |  Lincoln Square Homes for Sale  |  Logan Square Homes for Sale  |  Loop Homes for Sale  |  Norwood Park Homes for Sale  |  Old Irving Park Homes for Sale  |  River North Homes for Sale  |  Rogers Park Homes for Sale  |  Sauganash Homes for Sale  |  Wicker Park Homes for Sale  |  Elk Grove Homes for Sale  |  Evanston Homes for Sale  |  West Ridge West Rogers Park Homes  |  Naperville Homes for Sale  |  Oak Park Homes for Sale  |  Downtown Chicago Condos  |  Old Town Chicago Condos for Sale  |  Ravenswood Real Estate  |  Uptown Real Estate  |  North Center Homes for Sale  |  Foreclosure List  |  Short Sale   |  1st Time Buyer

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: