Wicker Park Historic District

One of my favorite neighborhoods of the city is the Wicker Park Historic District. The spectacular mansions along Hoyne have the extravagance of those in Gold Coast, but with additional space. Furthermore, there is an eclectic edgy-ness to the area that is extremely uncommon of luxury neighborhoods.

Many of the spectacular mansions in the area had been converted to multiple units, but as gentrification has taken place many have or are being restored back into single-family homes. The only one of these mansions that is currently on the market is 1420 North Hoyne. Chaz Walters of Sudler

Sotheby’s has had the property listed for $4 million for the past two years.

Below is a list of the homes that have closed and the homes that are currently on the market in the Wicker Park Historic District:

Where are luxury properties turning in the Chicago area?

Many homeowners have been asking me lately, "In which areas are properties selling, and which areas are they stagnant?" Lincoln Park and Winnetka would generally be my first answers, however after that I was a little unsure. So today I finally found some time to further research this. This is the product of today's study.

Some things were expected, however others came as a surprise to me. As with any statistics you really must read between the lines, though.

The Loop being at number three was my biggest surprise. When I thought about it and looked into it further I realized both properties that sold in the last year were located in the New East Side (the area east of Michigan, south of the river, and north of the park). In the proper Loop there have been no sales and there are three properties currently on the market over $3 million.

Hinsdale was another major surprise to me. It is the only suburb not on the North Shore that is continuing to hold strong (you could maybe consider Burr Ridge and Oak Brook but I would consider 1:5 average at best).

In general, your prime luxury markets are continuing to be centered around Armitage and Clark in Chicago. On the North Shore, Winnetka continues to be in high demand. The further north you get, though, the lower the demand for properties.