Teton Properties Lincoln Park Real Estate Overview

Lincoln Park, located on Chicago's North Side, is a vibrant neighborhood known for its rich history, cultural attractions, and desirable living conditions. This report provides an overview of the current real estate market trends, property price appreciation, school quality, and lifestyle factors pertinent to potential buyers considering a move to Lincoln Park.

Real Estate Market Trends and Price Appreciation

As of January 2025, the Lincoln Park housing market exhibits the following characteristics:

• Median Sale Price: $690,000, representing a slight decrease of 1.1% compared to the previous year.

• Median Sale Price per Square Foot: $418, an increase of 19.3% from last year, indicating a rise in property value on a per-square-foot basis.

• Average Home Value: $582,500, reflecting a 4.1% increase over the past year.

• Days on Market: Homes typically sell after 56 days, a decrease from 65 days the previous year, suggesting a competitive market with quicker sales.

• Inventory: There were 226 homes sold in January 2025, up from 172 in January 2024, indicating increased buyer activity.

Overall, while the median sale price has experienced a slight decline, the increase in price per square foot and average home value suggests a stable and appreciating market.

School Quality

Education is a significant consideration for families, and Lincoln Park offers access to several reputable schools:

• Lincoln Park High School: This public high school is performing above average compared to public and charter schools in Illinois with the same grade levels.

• Elementary Schools: The neighborhood is served by several public elementary schools, including Abraham Lincoln Elementary School and Louisa May Alcott School, both known for their strong academic programs.

• College Enrollment and Persistence: For high school students who graduated in 2022 and resided in the Greater Lincoln Park region, 80% enrolled in college after graduation, higher than the district average of 65%. Additionally, 92% of 2021 graduates persisted in college, surpassing the district average of 73%.

These statistics reflect the neighborhood's commitment to quality education and student success.

Lifestyle Factors

Lincoln Park offers a diverse array of lifestyle amenities that enhance its appeal:

• Recreational Spaces: The neighborhood is home to the expansive Lincoln Park, which includes the Lincoln Park Zoo, Lincoln Park Conservatory, and numerous walking and biking paths. Smaller parks like Oz Park and Bauler Park provide additional green spaces for relaxation and community events.

• Cultural Attractions: Residents have access to cultural institutions such as the Chicago History Museum and the Peggy Notebaert Nature Museum, offering educational and recreational opportunities.

• Dining and Shopping: Lincoln Park boasts a variety of dining options, from casual eateries to fine dining establishments, as well as boutique shops and larger retail centers, catering to diverse tastes and preferences.

• Transportation: The neighborhood is well-connected through public transportation, with multiple CTA train lines and bus routes providing easy access to other parts of the city. Major roadways like Lake Shore Drive and the Kennedy Expressway facilitate convenient travel by car.

In summary, Lincoln Park combines a stable real estate market with high-quality educational institutions and a rich array of lifestyle amenities, making it an attractive option for potential buyers seeking a dynamic and family-friendly urban environment.