Andersonville

Chicago, IL

Neighborhood Market Analysis

Q3 2025 Report
$645,000–$687,000 (as of June 2025)
Median Home Price
92 (Walker's Paradise)
Walkability Score
Peirce Elementary is highly rated; Senn High offers IB program.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Foster Ave (south), Bryn Mawr Ave (north), Ravenswood Ave (west), and Broadway (east).

Zip Codes

6064060660

Market Data Summary

Price RangeMost homes range from $500,000 to $900,000+ depending on size and finish.
Price per Sq Ft$332–$352 per sq ft (up 10.7% YoY)
Inventory LevelsLow; homes sell quickly, often with multiple offers.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homes2- and 3-flatsVintage condosTownhomes

Architectural Styles

Chicago GreystoneVictorianPrairie SchoolBrick walk-upsModern infill

Property Details

Typical Lot SizesStandard Chicago lots (25x125 ft), some larger lots for single-family homes.
Home Age RangeLate 1800s to early 1900s (vintage), with some new construction and gut rehabs.
Construction QualityGenerally high; many homes are well-maintained vintage with modern updates.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a strong LGBTQ+ presence, young professionals, families, and long-time residents.

Community Vibe

Inclusive, progressive, artsy, and community-oriented with a strong local identity.

Typical Residents

  • Young professionals
  • Families
  • Empty nesters
  • LGBTQ+ community

Family Friendly

Yes; walkable, safe, good schools, parks, and family events.

Amenities & Lifestyle

Parks & Recreation

  • Winnemac Park
  • Chappell Elementary playground
  • Lakefront Trail (nearby)

Dining Options

  • Hopleaf Bar
  • Big Jones
  • Parson's Chicken & Fish
  • Lost Larson

Shopping Centers

  • Clark Street retail corridor
  • Local markets and specialty shops

Local Businesses

  • Andersonville Galleria
  • Women & Children First Bookstore
  • Swedish Bakery (historic)
  • Local boutiques

Education & Schools

Peirce Elementary is highly rated; Senn High offers IB program.
Overall School Rating

Elementary Schools

  • Peirce Elementary International Studies School
  • Chappell Elementary

Middle Schools

  • Peirce Elementary (K-8)

High Schools

  • Senn High School

Private Schools

  • Sacred Heart Schools (nearby)
  • Northside Catholic Academy

Transportation & Accessibility

Transit & Roads

Public Transit

  • CTA Red Line (Bryn Mawr, Berwyn)
  • Multiple CTA bus routes (Clark, Foster, Broadway)

Major Roads

  • Clark St
  • Foster Ave
  • Bryn Mawr Ave

Commute & Walkability

Commute Times20–35 minutes to downtown by train or car.
WalkabilityExcellent; most errands can be accomplished on foot.
ParkingStreet parking can be challenging; some homes offer garage or dedicated spaces.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Families
  • LGBTQ+ buyers
  • Investors

Key Selling Points

  • Historic character
  • Vibrant local scene
  • Top walkability
  • Strong schools

Pricing Considerations

Homes priced at or slightly below market value sell fastest; overpricing leads to stagnation.

Common Objections & Response Strategies

Objection: High prices compared to nearby neighborhoods

Response Strategy:

Emphasize appreciation, walkability, and unique community culture.

Objection: Limited parking

Response Strategy:

Highlight public transit access and walkability; note homes with dedicated parking.

Objection: Older homes may need updates

Response Strategy:

Showcase recent renovations and potential for customization.

Investment Insights

Investment Potential

Appreciation Potential

Strong; consistent price growth and high demand.

Rental Demand

High; desirable for renters seeking walkability and amenities.

Buyer Competition

Intense; multiple offers common, especially for move-in ready homes.

Best For

  • Long-term homeowners
  • Investors seeking stable appreciation
  • Buyers valuing community and walkability

Potential Concerns

  • Limited inventory
  • Premium pricing
  • Older homes may require updates

Professional Recommendations

1

Price homes competitively and stage for maximum appeal.

2

Highlight Andersonville’s unique community and walkability in all marketing.

3

Prepare buyers for fast-moving market and need for strong offers.

4

Network with local businesses and community groups to build hyperlocal expertise.

Competitive Analysis

Comparable Markets

  • Lincoln Square
  • Lakeview
  • Edgewater

Market Positioning

Premium, boutique neighborhood with strong identity and high demand.

Competitive Advantages

  • Stronger sense of community
  • Unique local businesses
  • Historic architecture

Price Comparison

Slightly more expensive than Edgewater, less than Lakeview; similar to Lincoln Square.

Investment Metrics

3.5–4.5% for multifamily properties (2025 est.)
Cap Rates
4–5% gross yield for condos and 2-flats
Rental Yields
22–25 (indicative of strong owner-occupant demand)
Price-to-Rent
Positive for well-located, updated rentals; best for long-term hold.
Cash Flow
5–7% annual appreciation projected for next 2 years.
Appreciation

Buyer Journey Insights

First-Time Buyers

Should be prepared for competition and may need to compromise on size or updates.

Move-Up Buyers

Can find larger vintage homes or new construction; strong resale value.

Downsizers

Condo and townhome options with walkable amenities.

Investors

Strong rental demand, but yields are moderate due to high prices.

Relocators

Appealing for those moving from higher-cost cities; vibrant, walkable lifestyle.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

Related Market Intelligence

Explore connected markets and opportunities