Hyde Park Chicago Real Estate

What Are The Current Real Estate Market Conditions For Hyde Park

Photo credit: Marco Verch via flickr

One of 77 designated community areas in Chicago, the Hyde Park neighborhood is home to some of the citys most beautiful and iconic institutions, ranging from the Museum of Science and Industry to the world-renowned University of Chicago.

Located about seven miles south of the Loop, Hyde Park is officially bounded by 51st Street/Hyde Park Boulevard to the north, the Midway Plaisance to the south, Washington Park on the west, and Lake Michigan on the east. Some locals stretch their definition of Hyde Park to include some of the southernmost parts of Kenwood, which is, officially, a separate community area.

A popular destination for locals and tourists alike, Hyde Park played home to the 1893 Worlds Fair. Also known as the Columbian Exposition, this major turning point in American history introduced the idea of electricity not to mention the modern ferris wheel to nearly 30 million people.

Today, Hyde Park still has plenty to offer, including Frank Lloyd Wrights world famous Robie House, great access to the beaches of Lake Michigan, the DuSable Museum of African American History, and the Hyde Park Art Center, which has been an influential institution in Chicagos art scene for decades.

Want to learn more about this historic and welcoming neighborhood? Here are a few resources worth checking out:

Curious about Hyde Parks housing market? Here are the market conditions you need to know right now:

Hyde Park’s Current Condo Market

Whats The History Of Hyde Park

In 1853, a lawyer named Paul Cornell bought 300 acres of land along Lake Michigan between 51st and 55th Streets. He named the area after Londons Hyde Park. After the 1871 Chicago Fire, many of the Chicagos wealthy businessmen built large homes in Hyde Park.

Then in 1889, Hyde Park was annexed by the city of Chicago. From that point things moved quickly for the neighborhood. For example, Hyde Park was selected as the site of the University of Chicago. And next, it was chosen to host the worlds Columbian Exposition of 1893.

What followed was a building boom of homes, hotels, parks and businesses. Hyde Park homes built ranged in price and style from workmans cottages to stately homes for professors, business executives, writers, artists and musicians. During this time, Hyde Park became one of Chicagos most popular neighborhoods.

Then came the Great Depression of the 1930s and Hyde Park home construction came to a halt. The neighborhood suffered stagnation and decline.

The Great Northern Migration of African Americans from the south to Chicago ramped up during the 1930s and 1940s. The result in Chicagos South side was massive white flight. However, due to racially restrictive covenants, Hyde Park remained a predominantly white neighborhood during this time.

Then, 1948 the U.S. Supreme Court banned racially restrictive covenants and African Americans began moving to Hyde Park. By 1955 the neighborhood was more multiracial but still in economic decline.

Hyde Park Chicago Real Estate Apartment For Sale / Rentals

Location: About 6 miles south of the Loopmore specifically: 51st Street to the north, Lake Michigan to the east, Midway Plaisance to the south and Cottage Grove Avenue to the west

Neighboring Neighborhoods: Bronzeville, Washington Park, Woodlawn, Kenwood Zip codes: 60615, 60637

Ideally located just 6 or so miles from the Chicago Loop and stretching along Lake Michigan, Hyde Park has a lot going for it and a lot of people coming to this neighborhood to live. Hyde Park has a small town feel but the big city of Chicago is really close with all its allure and attractions. People also appreciate easy access to the Lake and one of the most stunning views of the city anywhere.

Hyde Park earns great grades for distinction because it is the site of the renown University of Chicago and has been the home of 69 Nobel Laureates affiliated with the universitythe largest number of Nobel Laureates affiliated with any institution of higher learning. But wait, theres more.

The University of Chicago Hospitals and the largest medical research institute in Illinois are also here. So is the amazing Museum of Science and Industry, the Dusable Museum of African American History and lets not forget another prominent resident: Barack Obama, 44th President of the United States. Frank Lloyd Wright built his famed Robie House here listed as one of the top five buildings in the country.

Also Check: Hampton Inn Chicago Downtown N Loop Michigan Ave

Condos For Sale In Hyde Park

Hyde Park home for sale:

Check back on the ocial launch date to see all the details on this fantastic new Redn listing!

Hyde Park home for sale:

Check back on the ocial launch date to see all the details on this fantastic new Redn listing!

Hyde Park home for sale:

North/West corner unit on a high enough floor that you get the most incredible views of the city and the lake. North west exposure also gives you the advantage of lots of light which this unit is drenched in. This is originally a 2 bedroom unit, part of the wall to separate the living room and 2nd bedroom has been removed to create the most luxurious and elegant living space you could desire. Both bathrooms and the kitchen were modernized. New windows were installed throughout the building recently. The building offers an amazing rooftop deck and top floor party/meeting room, very well equipped gym attached garage sparkling clean laundry room and

Hyde Park home for sale:

Hyde Park home for sale:

Hyde Park home for sale:

Freshly painted 2 bedroom condo in quiet, well maintained building in Hyde Park! Bright & sunny unit with gleaming hardwood floors, Plenty of closet space. Heat & water included in assessment. Just steps from U of Chicago. Move in condition –

Hyde Park home for sale:

Hyde Park home for sale:

Hyde Park home for sale:

The Average Single Family Home Spends Fewer Than 80 Days On The Market

After hitting a significant low near 80 days in mid-2017, wait times for Hyde Park single-family homes climbed upward slightly before leveling off. As of summer 2021, we can see the market cross below that 80-day threshold for the first time in years, with the average home spending roughly 70 days on the market in late summer 2021.

Ready To Purchase Your Hyde Park Home?

When you’re ready to live in a neighborhood full of Chicago history and all the modern amenities, Real Group RE would love to help you find a new home in Hyde Park! To begin the process and explore the neighborhood even more, drop us a line today!

Also Check: Party Lofts For Rent In Chicago

Hyde Park Real Estate Market

The University of Chicago’s campus, reminiscent of Oxford, is the site of many spectacular old stone structures. The grand and sophisticated homes that surround the campus, combined with fantastic old hotels that line Lake Shore Drive, all contribute to the elegance woven throughout the area. Hyde Park real estate has a tremendous amount to offer prospective buyers. Scenic waterfront panoramas, lush green parks, easy access to downtown Chicago via the Metra or CTA busses, a surplus of cultural institutions and exquisite vintage architecture make Hyde Park Chicago real estate desirable to a variety of residents and buyers. Options range from smaller single-family homes to expansive vintage estates. Newer developments and rehabbed homes have also made a recent debut. Charming old buildings that were once hotels line Lake Shore Drive and have since been converted to condominiums. A common thread amongst Hyde Park real estate is that each home and building is unique and, whether they be set on wide tree-lined streets or boast sweeping city and lakeshore vistas, lovely surroundings act to enhance stunning architecture.

Hyde Park Real Estate Agents

Planning to buy or sell a home in Hyde Park? Let our Chicago real estate team guide you through the sale of your current residence or the purchase of your new property. As local real estate agents, we have up-to-date information on the unique dynamics of the real estate market in Hyde Park.

Contact the Seventy7 Group at Fulton Grace to learn more about representation for buyers and sellers. Preparing to sell your Hyde Park home? Head to our free market analysis page to receive a property evaluation within moments.

• Western Suburbs

Don’t Miss: Illinois Institute Of Art Chicago

The Best 10 Real Estate Agents Near Hyde Park Chicago Il

S Chicago Beach Dr #12a Chicago Il 60615

Active

• Saves21The Powhatan – Luxurious Art Deco landmark. Larger than most homes. Bdrms. with private baths & dressing rooms, stunning lake and park views & magnificent original parquet floors, elegant high ceilings, W/B fireplace, formal & casual dining, art deco lobby, pool & ballroom, 24-hour doorman, valet parking, elevator attendant, fitness. Assessment inc. parking, RE taxes, & 5-star service.Read moreOriginal parquet floors

• Take a Tour with a Buyer’s Agent

  We’ll connect you with a local agent who can give you a personalized tour of the home in-person or via video chat.Select an appointment type

• Features: Eating Area-Table Space, Island, Pantry-Butler, Pantry-Walk-in, Custom Cabinetry, Granite Counters, Pantry, Updated Kitchen
• Level: Main

• Heating features: Natural Gas, Steam

Cooling

• Appliances included: Range, Dishwasher, Refrigerator, Microwave
• Laundry features: Flooring, Main Level, Size

Interior Features

• Interior features: Wet Bar, Elevator, Storage

Other interior features

• Total interior livable area: 4,000 sqft
• Total number of fireplaces: 1
• Fireplace features: Wood Burning, Living Room

• Parking features: Assigned, Off Street
• Other parking information: On Site, Owned

Accessibility

• Accessibility features: Two or More Access Exits, Door Width 32 Inches or More, Hall Width 36 Inches or More, Disability Access

Property

• Lot size dimensions: 236 x 267 x 208 x 137+132

Other property information

• Special conditions: List Broker Must Accompany

Construction details

HOA

Other

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Your Life Is Just Around The Corner

Why choose to live in Hyde Park? Chicagos Best-Kept Secret on the South Side sheds that title as it undergoes massive economic growth and expansion. With rapid progress being made in the neighborhood, new and seasoned Hyde Parkers seek living spaces that reflect this. Ivy Residences strives to provide just that: a perfect balance between the classic, historic feel you expect with modern-day amenities and renovations you crave.

The Median Sales Price Of A Hyde Park Condo Is Just More Than $250k

Hyde Park’s condo market saw rapid growth over the course of 2016 and 2017, with prices sharply rising for some time. In 2018 and 2019, the average sales price was a little more variable, reaching a low near $225K in spring 2019. Condo prices in the neighborhood have rebounded since then, and, as of late summer 2021, the average sales price sits at more than $250K for the first time in recent memory.

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New Listings Near 5331 S Harper Ave #2

• RE/MAX At Home, MLS#11215092
• NEW – 2 DAYS AGOeXp Realty, LLC, MLS#11241399
• OPEN SUN, 2-3:30PM
• REALTYONE and Associates LLC, MLS#11200000
• $248,500
• Real People Realty, Inc., MLS#11241044
• NEW – 1 DAY AGOHomeSmart Realty Group, MLS#11242659
• $255,000Paul Luxury Homes, LLC, MLS#11226593
• $299,000john greene, Realtor, MLS#11238084
• $184,900
• Jameson Sotheby’s Intl Realty, MLS#11227577
• $369,000
• Coldwell Banker Realty, MLS#11233430
• NEW – 2 DAYS AGO

Hyde Park Community Amenities

Home to the esteemed University of Chicago, Hyde Park is a South Side neighborhood located 6 miles south of The Loop. Along with the University of Chicago, Hyde Park houses the Oriental Institute, the Renaissance Society, the Museum of Science & Industry, the Hyde Park Art Center, and Frank Lloyd Wright’s famed Robie House. Hyde Park also organizes the annual 57th Street Art Fair, Chicago’s oldest juried art fair. 57th Street doubles as a venue for several well-known independent bookstores, like Powell’s and 57th Street Books, a further indication that Hyde Park is brimming with cultural as well as intellectual opportunities.

Although Hyde Park was initially developed in the 1850’s, it was not until the founding of the University of Chicago by John D. Rockefeller in the early 1890’s that Hyde Park really put its name on the map. Host to the World’s Columbian Exposition in 1893, Hyde Park captured the attention of an international community. Converted from Charles Atwood’s Palace of Fine Arts, the Museum of Science & Industry is the sole structure remaining of those built for the Exposition. However, the Museum of Science and Industry is but one example of Hyde Park’s architectural masterpieces.

Also Check: Old St Patrick’s Chicago

What Restaurants Are In Hyde Park

Its not just student food here. Hyde Park offers a good variety of places to grab a good meal. For instance, if youre in the mood for upscale Southern food try the fried green tomatoes, cornbread and gumbo at Virtue. Feeling soulful, how about some Soul Food at the Soul Shack? If its Italian food youre craving then its time to go to Nellas Pizza and Pasta . When you just want comfort food like meatloaf for example, try one of President Obamas favorites, Valois.

What Outdoor Activities Are There In Hyde Park

When you want to get outside and enjoy some time in nature, Hyde Park has you covered. First, theres the famous Washington Park. Here youll find a fantastic bird and butterfly sanctuary and the popular Fountain of Time. Theres also Jackson Park which sits along Lake Michagan and offers The Garden of Phoenix plus some lovely green space, lakes, harbors, trails and beaches.

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