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Condos For Sale In Chicago, IL
As the undisputed king city of Illinois real estate, you can be sure to find a plethora of condos for sale in Chicago. Whether you want a modern high-rise unit overlooking Lake Michigan, or a laid-back converted townhouse near a city park, with a real estate market as large as Chicago's, the sky is literally the limit when it comes to condos.
Chicago IL Condo Market
As the third-largest city in the United States, you can bet there are plenty of fantastic condos for sale in Chicago real estate. Every city has a few condo towers, but Chicago has condo skyscrapers. You can easily find condos for sale in Chicago a thousand feet in the air. From modern newly built glass towers to old stone-facade refurbished office buildings from the early 20th century, the Windy City has it all.
The Lake Michigan shoreline plays host to the majority of Chicago condos for sale. West of Homan Avenue, condos start to fall off, but just about everywhere east of Homan Avenue is fair game. Except for the lakeshore area, you won't find many condos south of Chinatown. Besides the lakeshore and downtown Chicago, the largest clusters of Chicago condos for sale are in the Grand Boulevard, East Village, and River North neighborhoods.
The median price for condos for sale in Chicago is $378K, whereas the median price for single-family homes is actually less at $300K. As with most cities, condos are great properties to “park” your money that you’d otherwise be losing to rent, but you can’t expect appreciation rates as you’d get with single-family homes.
Chicago Condo Sampler
Vista Residences
If you’re trying to go big or go home in Chicago condos for sale, you can’t do much better than Vista Residences. With units sitting at a lofty 1,100 feet in the sky, you’ll have a better vista than just about anyone else in the city. Located near the massive Grant Park and the Chicago River, Vista units are well worth their $1M price tag. The building itself is an architectural art piece, looking like three frozen tongues of flame stretching into the sky. Building amenities include a club room, theater room, and spa.
6 N Michigan Avenue
With an original structure dating back to 1899, 6 N Michigan Avenue is perfect for anyone looking for vintage condos for sale in Chicago. What used to be an office building is now a great residential building right on Grant Park and surrounded by top-notch restaurants. Your average listing here is about $325K, and the building amenities include a health club, sauna, and sundeck.
1000 W Washington Boulevard
Looking for a lot of space with a condo loft? 1000 W Washington Boulevard features units with over 2,000 square feet and three bedrooms going for just over $1M. These Chicago condos for sale are located in the Fulton Market neighborhood just west of downtown, an area that used to be a warehouse district and is now an eclectic mix of business and entertainment venues.
Distance To Other Cities From Chicago
- 33 miles to Naperville, IL
- 41 miles to Aurora, IL
- 89 miles to Rockford, IL
- 92 miles to Milwaukee, WI
- 167 miles to Peoria, IL
Frequently Asked Questions About Chicago, IL Condos For Sale
Where are most condos located in Chicago, Illinois?
Most condos in Chicago are primarily congregated just north of the city center and the Riverwalk, south of Old Town Road, east of I-90, and along the water’s edge.
What is the tallest condo in Chicago, Illinois?
Chicago is home to some of the tallest skyscrapers in the country, including condominiums. The tallest condo building in Chicago is Trump Tower standing at a spectacular 96 stories and stretching 1389 feet. The Vista Tower is the second tallest condo building in Chicago, with a magnificent 95 stories reaching 1198 feet. The third tallest condo building in Chicago is just as impressive as it beats the top two tallest condo buildings for having the most floors. The John Handcock Center comes in third with 100 floors touching 1127 feet.
What are the newest condos in Chicago, Illinois?
There are many new condos for sale in Chicago, ranging from low-rise condos and townhomes to skyscraper penthouses. New construction condos in Chicago include:
- Cirrus Chicago
- Embry
- Fifteen Fifty on the Park
- Madison + Carpenter
- Margaux Residences
- The Orchard Residences
- The Reed at Southbank
- St. Regis Residences
- Triangle Square
- Tribune Tower Residences
What condos in Chicago, Illinois are pet friendly?
Condos in Chicago are generally pet-friendly, but finding green space in a concrete jungle can be hard to come by. Here are some condo buildings conveniently located near plenty of green space for your pet:
- The Grant - A high-rise condo offering a high pet weight limit, located just over a block from Midway Plaisance Park.
- The Heritage - These luxury condos allow not one, but two pets and provide an in-house, astro-turf-covered dog run. It’s also across from Millennium Park.
- The Lancaster - Open for dogs of any size, this condo building sits across from a 6-acre park in Lakeshore East.
- The Legacy - Allowing up to 2 dogs, this condo building provides an in-house dog run but is also located near Grant Park.
Is Chicago, Illinois A Walkable City?
Chicago ranked as one of the country’s top 10 most walkable big cities, with a walk score of 77.4 out of 100. Residents of condos in Chicago’s downtown find the city easily walkable, as well as many nearby neighborhoods. Many people also have easy walking access to public transit services.
Living In Chicago IL
Cost Of Living In Chicago, Illinois
Chicago’s overall cost of living is 13.5% higher than the state average and 6.9% higher than the national average. You’ll likely pay less for healthcare and utilities but probably pay more for groceries and significantly more for housing and transportation. The median household income in Chicago is $62,097.
Job Market in Chicago, Illinois
Chicago has a diverse job market, both in blue-collar and white-collar industries. Though there seem to be several opportunities, the job market can be competitive. In fact, Chicago was ranked #149 out of 182 cities in the U.S. for best places to find a job. Several major companies, including several household names, are based out of Chicago. Some of these companies include:
- MasterCard
- Boeing
- General Electric
- Groupon
- Grubhub
- Kraft Heinz
- McDonald’s
- Quaker Oats
- Sears
- Walgreens
- Ace Hardware
- Schwinn Bicycle Company
Transportation In Chicago, Illinois
Chicago is easily walkable, which is a good thing because owning a vehicle in this city can add extra expenses, from city and zoning stickers to paid parking. Chicago also has a robust public transit system, often referred to as the CTA, that is accessible from many condos in Chicago and can easily get you nearly anywhere you want to go in the city. Whether traveling by car or walking, it’s easy to figure out where you want to go as the city is laid out in a straightforward grid system. If you get turned around, just know the lake is always east.
Weather in Chicago, Illinois
Chicago was dubbed the “Windy City” for its brutally cold, snowy, and WINDY winters. Locals will tell you that though winters can be tough, summers are the best with the warmer weather, and activities available in and around the city. However, if you buy a condo for sale in Chicago with plenty of amenities indoors, you won’t have to wait for the summer to go on with your day-to-day life, you can exercise and relax in your building. The average high temperature reaches 85°F in July (though temps can top out over 100°F on occasion). The average low temperatures dip to 19.5°F in January (though below 0°F are common). Chicago receives about 41 inches of rainfall and roughly 39 inches of snowfall annually.
Sports in Chicago, Illinois
It’s no wonder Chicagoans love their sports. The big four sports have professional teams here, as well as professional soccer and women's basketball and softball teams. No matter the time of year, you can easily catch a game at any of the major sports venues around the Chicago area.
- Football - Chicago Bears
- Basketball - Chicago Bulls (NBA) & Chicago Sky (WNBA)
- Baseball - Chicago Cubs & Chicago White Sox
- Softball - Chicago Bandits
- Soccer - Chicago Fire
- Hockey - Chicago Blackhawks
Chicago Fun Facts
- Chicago’s motto, urbs in horto, translates to “City in a Garden” for recognizing the importance of greenspace. When Chicago was planning its infrastructure it strategically planned parks in each neighborhood to help balance out the concrete jungle.
- Chicago is the birthplace of the modern skyscraper. The first skyscraper was built in the 1880s with 10 floors and topping out at 138 feet. From then on, the competition for the tallest building grew and Chicago forged its way through its financial district from the late 1880s through 1890s. You can take an architecture boat tour to learn all about the historic buildings through the post-modern designs of today.
- Chicago was once recognized as the best restaurant city in America. With the city’s vast diversity, you’re sure to find any cuisine you can imagine, plus the iconic Chicago favorites like hotdogs, Italian beef, Polish sausage, and pizza.
- Tourism is huge in Chicago. Whether visiting for leisure, business, or international travel, Chicago receives roughly 74.96 million visitors annually, bringing in over $13.7 billion to Chicago’s economy.