Gold Coast Neighborhood Information: Gold Coast Map:
Gold Coast Boundaries:
Oak (1000N) to North (1600N) Lake Michigan to LaSalle
Gold Coast Sub Neighborhoods:
Magnificent Mile
Gold Coast Surrounding areas:
Neighbors to the North: Lincoln Park Neighbors to the West: Old Town Neighbors to the South: River North/Streeterville
About Gold Coast/History of Gold Coast:
Historic and wealthy are two of the best descriptions of this moneyed pocket of the city. Considering where it's located - on the northern end of the Magnificent Mile and all along Lake Shore Drive from Oak Street up toNorth Avenue - that's no surprise. This has always been considered a very special place in the city, many still consider it a place "to see and be seen". Trendy shops and restaurants pay top dollar to open their doors in the Gold Coast. Several of the best-known steak houses (in this - a steakhouse kind of town) can be found here. The stores are chic, ranging from clothing and leather goods, to boutiques, to of course jewelry and art galleries. Some of the areas better known bars have gained their fame in the movies while others are popular for their beer gardens for the post-work libation. Whatever form of nightlife you crave, it can be found here! Bounded by the Lake to the East, Oak Street to the South, LaSalle Street to the West and North Avenue to the North, this neighborhood has (and likely will continue to) enjoyed a reputation of money and respect. It's proximity to the heart of downtown Chicago is tough to beat. The housing in the Gold Coast is yet another reason to want to call it home. Some of the most breathtaking brown stone and grey stone homes fill each tree-lined block here. There are a variety of mid- and high-rise buildings in the area, especially along the gorgeous stretch of Lake Shore Drive, but much of the character of the neighborhood is found in the three and four story buildings.
Gold Coast Attractions: ◊ The Drake Hotel: 140 East Walton: (800) 55 DRAKE: www.thedrakehotel.com ◊ The Talbott Hotel: 20 E. Delaware: (800) 825-2688: www.talbotthotel.com ◊ Newberry Library: 60 W. Walton: (312) 255-3700: www.newberry.org ◊ Oak street beach ◊ International Museum of Surgical Science: 1524 N. Lake Shore: (312) 642-6502: www.imss.org ◊ World-class cultural institutions and unique boutiques: Oak street ◊ John Hancock Center: 875 N. Michigan Avenue: www.johnhancockcenterchicago.com ◊ Water Tower Place: 835 N. Michigan: (312) 440-3166: www.shopwatertower.com
Gold Coast Library: ◊ Near North Branch: 310 W. Division: (312) 744-0991: www.chipublib.org
Gold Coast Police Station District #18: ◊ 1160 N. Larrabee: (312) 742-5870: www.cityofchicago.org/police
Gold Coast Fire Station: ◊ 548 W. Division: www.cityofchicago.org/fire
Gold Coast Post Office: ◊ 227 E. Ontario: (800) ASK-USPS: www.usps.com
Gold Coast Alderman’s Office: ◊ Burton Natarus: 42nd Ward Office: 121 N. LaSalle, Room 306: (312) 744-3062: www.natarus.com ◊ Vi Daley: 43rd Ward Office: 735 W. Wrightwood: (773)-327-9111: www.chicago43rd.org
Gold Coast Chamber of Commerce/Neighborhood Groups: ◊ 307 N. Michigan Avenue, Suite 800: (312) 360-0386: www.goldcoastneighbors.org
Recommended Gold Coast Dining:
◊ Pizza Edwardo's Natural Pizza Restaurant: 1212 N. Dearborn: 312-337-4490: www.edwardos.com
◊Italian Il Mulino New York: 1150 N. Dearborn: 312-440-8888: www.ilmulinonewyork.com Mario's Gold Coast Ristorante: 21 W. Goethe: 312-944-0199: www.mariosgoldcoast.com
◊ Steakhouse Morton’s: 1050 N. State: 312-266-4820: www.mortons.com Tavern on Rush: 1031 North Rush: (312) 664-9600: www.tavernonrush.com
◊ Seafood McCormick & Schmick's: 41 E. Chestnut: 312-397-9500: www.mccormickandschmicks.com
◊ Sushi Ra Sushi: 1139 N. State: 312-274-0011: www.rasushi.com
◊ Pub Grub Luxbar: 18 E. Bellevue: 312-642-3400: www.luxbar.com Bella Lounge: 1212 N. State: 312-787-9405: www.bellalounge.com
◊ Breakfast The Pump Room: 1301 N. State: 312-266-0360: www.pumproom.com
Gold Coast Shopping: ◊ Rush and Division ◊ The Magnificent Mile: Michigan Ave: www.themagnificentmile.com ◊ Water Tower Place: 835 N. Michigan: (312) 440-3166: www.shopwatertower.com ◊ Jewel-Osco: 1210 N Clark: (312) 944-6950: www.jewelosco.com
Gold Coast Movie Theatre: ◊ AMC Loews Esquire: 58 E Oak: 312-280-1205: www.amctheatres.com
Gold Coast Theaters: ◊ Ruth Page Center for the Arts: 1016 N. Dearborn: 312-337-6543: www.ruthpage.org
Gold Coast Schools:
Public Elementary and Junior High Schools • Ogden Elementary School: 24 W Walton: (773) 534-8110: www.ogdenschool.org
Private Elementary Schools • Catherine Cook School: 226 W Schiller: (312) 266-3381: www.catherinecookschool.org
Public High Schools • Payton College Preparatory High School: 1034 N Wells: (773) 534-0034: www.wpcp.org
Private High Schools • Archbishop Quigley Seminary: 103 E Chestnut: (312) 787-9343: www.quigley.org
Gold Coast Transportation: www.transitchicago.com
Gold Coast CTA Train Lines and Stops:
CTA Red Line: Clark/Division
Gold Coast Bus Routes: #70 Division #22 Clark #151 Lake Shore Drive
Gold Coast New Construction: There are always new construction projects and condos being built in Gold Coast, as well as vintage apartment buildings being converted to condos. For information on the latest new construction give me a call!
Gold Coast Housing Stock: Extensive high rises, brownstones, and one-of-a-kind mansions.
Gold Coast Real Estate Pricing/Appreciation Market Statistics:
Studios:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$84,057 |
$86,649 |
97.01% |
29 |
134 |
|
| Near North |
8008 |
1999 |
$113,185 |
$115,523 |
97.98% |
18 |
178 |
34.65% |
| Near North |
8008 |
2000 |
$129,933 |
$133,661 |
97.21% |
28 |
156 |
14.80% |
| Near North |
8008 |
2001 |
$143,209 |
$146,625 |
97.67% |
32 |
193 |
10.22% |
| Near North |
8008 |
2002 |
$149,755 |
$153,457 |
97.59% |
39 |
257 |
4.57% |
| Near North |
8008 |
2003 |
$170,299 |
$174,027 |
97.86% |
86 |
262 |
13.72% |
| Near North |
8008 |
2004 |
$172,081 |
$176,299 |
97.61% |
91 |
280 |
1.05% |
| Near North |
8008 |
2005 |
$213,421 |
$223,022 |
95.70% |
96 |
345 |
24.02% |
| Near North |
8008 |
2006 |
$175,669 |
$182,772 |
96.11% |
48 |
357 |
-17.69% |
| Near North |
8008 |
2007 |
$218,969 |
$222,348 |
98.48% |
61 |
297 |
24.65% |
| Near North |
8008 |
2008 |
$274,283 |
$282,274 |
97.51% |
71 |
53 |
25.26% |
Total Appreciation |
|
|
|
|
|
|
|
226.31% |
One Bedroom:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$144,727 |
$148,037 |
97.76% |
38 |
741 |
|
| Near North |
8008 |
1999 |
$170,715 |
$171,963 |
99.27% |
21 |
893 |
17.96% |
| Near North |
8008 |
2000 |
$201,841 |
$204,299 |
98.80% |
25 |
748 |
18.23% |
| Near North |
8008 |
2001 |
$221,965 |
$224,023 |
99.08% |
39 |
793 |
9.97% |
| Near North |
8008 |
2002 |
$234,275 |
$235,032 |
99.68% |
40 |
1225 |
5.55% |
| Near North |
8008 |
2003 |
$248,173 |
$246,711 |
100.59% |
94 |
1347 |
5.93% |
| Near North |
8008 |
2004 |
$256,589 |
$257,891 |
99.50% |
104 |
1383 |
3.39% |
| Near North |
8008 |
2005 |
$293,478 |
$289,714 |
101.30% |
59 |
1749 |
14.38% |
| Near North |
8008 |
2006 |
$290,431 |
$292,468 |
99.30% |
58 |
1358 |
-1.04% |
| Near North |
8008 |
2007 |
$293,877 |
$293,327 |
100.19% |
88 |
1112 |
1.19% |
| Near North |
8008 |
2008 |
$329,314 |
$323,946 |
101.66% |
113 |
212 |
12.06% |
Total Appreciation |
|
|
|
|
|
|
|
127.54% |
Two Bedrooms:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$292,308 |
$299,547 |
97.58% |
58 |
756 |
|
| Near North |
8008 |
1999 |
$335,535 |
$340,503 |
98.54% |
57 |
682 |
14.79% |
| Near North |
8008 |
2000 |
$377,386 |
$383,986 |
98.28% |
31 |
776 |
12.47% |
| Near North |
8008 |
2001 |
$427,826 |
$433,321 |
98.73% |
42 |
652 |
13.37% |
| Near North |
8008 |
2002 |
$430,307 |
$436,298 |
98.63% |
45 |
1079 |
0.58% |
| Near North |
8008 |
2003 |
$451,106 |
$453,339 |
99.51% |
132 |
1406 |
4.83% |
| Near North |
8008 |
2004 |
$502,039 |
$505,253 |
99.36% |
107 |
1579 |
11.29% |
| Near North |
8008 |
2005 |
$494,894 |
$496,706 |
99.64% |
110 |
1563 |
-1.42% |
| Near North |
8008 |
2006 |
$521,899 |
$529,191 |
98.62% |
115 |
1180 |
5.46% |
| Near North |
8008 |
2007 |
$533,468 |
$540,035 |
98.78% |
122 |
1226 |
2.22% |
| Near North |
8008 |
2008 |
$542,580 |
$543,296 |
99.87% |
114 |
202 |
1.71% |
Total Appreciation |
|
|
|
|
|
|
|
85.62% |
Three Bedrooms:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$468,647 |
$484,384 |
96.75% |
76 |
261 |
|
| Near North |
8008 |
1999 |
$484,871 |
$498,508 |
97.26% |
61 |
255 |
3.46% |
| Near North |
8008 |
2000 |
$583,644 |
$600,600 |
97.18% |
29 |
229 |
20.37% |
| Near North |
8008 |
2001 |
$623,548 |
$641,862 |
97.15% |
43 |
182 |
6.84% |
| Near North |
8008 |
2002 |
$828,273 |
$866,475 |
95.59% |
55 |
297 |
32.83% |
| Near North |
8008 |
2003 |
$897,838 |
$927,105 |
96.84% |
159 |
423 |
8.40% |
| Near North |
8008 |
2004 |
$970,144 |
$988,472 |
98.15% |
137 |
626 |
8.05% |
| Near North |
8008 |
2005 |
$1,076,085 |
$1,103,883 |
97.48% |
186 |
512 |
10.92% |
| Near North |
8008 |
2006 |
$1,192,769 |
$1,243,312 |
95.93% |
185 |
415 |
10.84% |
| Near North |
8008 |
2007 |
$1,207,704 |
$1,260,705 |
95.80% |
181 |
441 |
1.25% |
| Near North |
8008 |
2008 |
$1,438,336 |
$1,477,140 |
97.37% |
164 |
99 |
19.10% |
Total Appreciation |
|
|
|
|
|
|
|
206.91% |
Single Family:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$1,125,615 |
$1,230,468 |
91.48% |
83 |
29 |
|
| Near North |
8008 |
1999 |
$1,065,373 |
$1,159,216 |
91.90% |
77 |
30 |
-5.35% |
| Near North |
8008 |
2000 |
$1,262,280 |
$1,337,341 |
94.39% |
53 |
31 |
18.48% |
| Near North |
8008 |
2001 |
$1,210,076 |
$1,322,126 |
91.53% |
69 |
26 |
-4.14% |
| Near North |
8008 |
2002 |
$1,469,657 |
$1,596,582 |
92.05% |
94 |
29 |
21.45% |
| Near North |
8008 |
2003 |
$1,439,544 |
$1,505,778 |
95.60% |
140 |
32 |
-2.05% |
| Near North |
8008 |
2004 |
$1,635,707 |
$1,801,224 |
90.81% |
159 |
35 |
13.63% |
| Near North |
8008 |
2005 |
$1,829,645 |
$2,015,484 |
90.78% |
234 |
26 |
11.86% |
| Near North |
8008 |
2006 |
$2,526,622 |
$2,858,528 |
88.39% |
303 |
34 |
38.09% |
| Near North |
8008 |
2007 |
$2,644,680 |
$2,895,400 |
91.34% |
223 |
37 |
4.67% |
| Near North |
8008 |
2008 |
$2,856,263 |
$3,388,111 |
84.30% |
404 |
9 |
8.00% |
Total Appreciation |
|
|
|
|
|
|
|
153.75% |
Two Flats:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$298,750 |
$401,200 |
74.46% |
112 |
4 |
|
| Near North |
8008 |
1999 |
$747,500 |
$814,000 |
91.83% |
25 |
2 |
150.21% |
| Near North |
8008 |
2000 |
$702,833 |
$716,983 |
98.03% |
14 |
6 |
-5.98% |
| Near North |
8008 |
2001 |
$492,500 |
$514,475 |
95.73% |
47 |
2 |
-29.93% |
| Near North |
8008 |
2002 |
$390,400 |
$424,580 |
91.95% |
47 |
5 |
-20.73% |
| Near North |
8008 |
2003 |
$487,500 |
$520,000 |
93.75% |
236 |
1 |
24.87% |
| Near North |
8008 |
2004 |
$732,500 |
$757,500 |
96.70% |
160 |
2 |
50.26% |
| Near North |
8008 |
2005 |
$740,000 |
$773,300 |
95.69% |
127 |
3 |
1.02% |
| Near North |
8008 |
2006 |
$745,100 |
$822,500 |
90.59% |
214 |
2 |
0.69% |
| Near North |
8008 |
2007 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
| Near North |
8008 |
2008 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
Total Appreciation |
|
|
|
|
|
|
|
149.41% |
Three Flats:
Neighborhood Area |
Code |
Year |
Average Sale Price |
Average List Price |
Average Sale Price to Average List Price Ratio |
Avg. Market Time (Days) |
# Units Sold |
%Change in Average Sale Price |
| Near North |
8008 |
1998 |
$700,000 |
$725,000 |
96.55% |
1 |
1 |
|
| Near North |
8008 |
1999 |
$711,766 |
$724,666 |
98.22% |
5 |
3 |
1.68% |
| Near North |
8008 |
2000 |
$290,000 |
$340,000 |
85.29% |
88 |
1 |
-59.26% |
| Near North |
8008 |
2001 |
$785,500 |
$829,750 |
94.67% |
92 |
4 |
170.86% |
| Near North |
8008 |
2002 |
$678,750 |
$754,725 |
89.93% |
59 |
4 |
-13.59% |
| Near North |
8008 |
2003 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
| Near North |
8008 |
2004 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
| Near North |
8008 |
2005 |
$985,000 |
$1,097,000 |
89.79% |
252 |
2 |
45.12% |
| Near North |
8008 |
2006 |
$698,666 |
$764,666 |
91.37% |
190 |
3 |
-29.07% |
| Near North |
8008 |
2007 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
| Near North |
8008 |
2008 |
$0 |
$0 |
N/A |
0 |
0 |
N/A |
Total Appreciation |
|
|
|
|
|
|
|
-0.19% |
Data Collected From Multiple Listing Service of Northern Illinois All information deemed reliable but not guaranteed.

Financing Your Home >Home Buyers Education
As the number of mortgage lenders increases, competition forces lenders to get more creative in finding ways to lend people money. This often takes the form of giving homebuyers a "break" in the down payment. The downside of this approach is that statistically, the smaller the down payment, the more likely the borrower will default. Lenders have put together an education program to prevent delinquencies, which fills a much-needed gap in the increasingly complex world of home finance.
Home buyer education classes focus on a variety of money management topics, including all the costs connected with obtaining and owning a home. One lender got together with FANNIE MAE (a government-sponsored loan guarantor) to launch a 3 percent down payment loan which requires participation in this education course. Other lenders have shown a decline in the default rate with five percent loans that are associated with similar education courses.
|
 |
| Q |
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
|
| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
See More Real Estate Trivia > |
|
|
|