The Gold Coast is arguably one of the most luxurious and exclusive neighborhoods in Chicago. Steeped in a rich history dating back to the early 1900's, the Gold Coast exemplifies the Chicago spirit. Homes in the Gold Coast run the real estate gamut – a strong mix of high and mid rise condominiums, mansions and row homes – many historically landmarked - make up this sought after location.
Many of the high and mid rise buildings were built in the 1960's and 1970's. While they offer the most desirable location in the city, they can be lacking in private balconies, in-unit washer dryers, and parking, even for single-family homes.
None of this stops people from flocking to this area due to its romantic architecture, mature tree-lined streets, proximity to Lake Michigan and Oak Street beach, Magnificent Mile (Michigan Avenue) department stores, and posh Oak Street boutiques. A resident can easily access the city's bus and "L" lines, a plethora of taxis or simply walk. While you might have to go to a common rooftop deck to enjoy the Chicago sunshine, the trade off is shopping, dining, and nightlife steps from your front door.
In our current market, a one-bedroom one-bath condominium with one-car parking starts in the low $200's while a single family home can push the $14 million dollar mark.
The Gold Coast came into prominence in the early 1900s in the wake of the Great Chicago Fire. Businessman Potter Palmer, owner of the Palmer House hotel, moved from Prairie Street (then the most luxurious neighborhood in Chicago) to the Gold Coast, building a 42-room mansion on Lake Shore Drive. (The home was demolished in 1951.) Adding to the Gold Coast mystic is Astor Street. Astor Street was named after the richest man in the country at that time – John Jacob Astor. Though he never lived in Chicago, his name bought an exclusivity and prominence to the neighborhood that drew home owners across the city. Today, the Gold Coast Historic District is listed on the National Registry of Historic Places.
You can call me at 312-209-2264 or email me at Liane@OnlineChicagoRealEstate.com if you have questions regarding pricing, recent sales and availability in the Gold Coast area.