Roscoe Village

Chicago, IL

Neighborhood Market Analysis

Q3 2025 Report
$950,000 (single-family, 2025)
Median Home Price
87 (Very Walkable)
Walkability Score
Audubon and Bell are highly rated (8–10/10 GreatSchools); strong parent involvement.
School Rating

Location Overview

Neighborhood Boundaries

Addison Street (north), Ravenswood Avenue (east), Belmont Avenue (south), Chicago River (west)

Zip Codes

60618

Market Data Summary

Price RangeCondos: $350,000–$700,000; Single-family: $800,000–$2,000,000+; Multi-family: $700,000–$1,400,000
Price per Sq Ft$420–$520 (2025)
Inventory LevelsTight inventory, especially for move-in ready single-family homes and modern condos.

Property Characteristics

Home Types & Architecture

Home Types

Single-family homesCondosTownhomesMulti-family (two-flats, three-flats)

Architectural Styles

VictorianItalianateAmerican Four SquareArts & CraftsQueen AnneChicago SchoolModern (new construction)

Property Details

Typical Lot SizesStandard Chicago lots (25x125 ft), occasional double lots for luxury homes.
Home Age RangeLate 1800s–early 1900s (historic); 2000s–2020s (new construction)
Construction QualityHigh; mix of restored historic homes and luxury new builds with premium finishes.

Community Profile

Demographics & Lifestyle

Demographics

Predominantly professional, upper-middle-income households; mix of families, young professionals, and long-term residents.

Community Vibe

Village-like, friendly, active, with a blend of historic charm and modern amenities.

Typical Residents

  • Families
  • Young professionals
  • Empty nesters
  • Investors

Family Friendly

Very family-friendly; strong community engagement, block parties, and family events.

Amenities & Lifestyle

Parks & Recreation

  • Hamlin Park (pool, playground, sports fields)
  • Fellger Park
  • Clark Park (river access)

Dining Options

  • Farm Bar
  • Kitsch'n on Roscoe
  • Volo Wine Bar
  • Turquoise Restaurant

Shopping Centers

  • Roscoe Street boutiques
  • Nearby Southport Corridor

Local Businesses

  • Boutique shops
  • Coffee houses
  • Fitness studios
  • Family-owned services

Education & Schools

Audubon and Bell are highly rated (8–10/10 GreatSchools); strong parent involvement.
Overall School Rating

Elementary Schools

  • Audubon Elementary
  • Bell Elementary

Middle Schools

  • Audubon Elementary (K-8)
  • Bell Elementary (K-8)

High Schools

  • Lake View High School

Private Schools

  • St. Andrew School
  • Chicago Waldorf School (nearby)

Transportation & Accessibility

Transit & Roads

Public Transit

  • CTA Brown Line (Paulina, Addison stations)
  • CTA bus routes 50, 77, 152

Major Roads

  • Addison St
  • Belmont Ave
  • Western Ave
  • Damen Ave

Commute & Walkability

Commute Times20–35 minutes to downtown by train or car.
WalkabilityExcellent for daily errands, dining, and recreation.
ParkingPermit street parking; garages with most single-family homes; competitive for street spots.

Marketing Intelligence

Target Buyer Types

  • Move-up families
  • Young professionals
  • Empty nesters
  • Investors

Key Selling Points

  • Top-rated schools
  • Village-like atmosphere
  • Historic and modern home options
  • Proximity to transit and downtown

Pricing Considerations

Homes priced at or just below recent comps move fastest; premium for turnkey and new construction.

Common Objections & Response Strategies

Objection: High home prices compared to other North Side neighborhoods

Response Strategy:

Emphasize top schools, community feel, and long-term value retention.

Objection: Limited inventory and fast-moving market

Response Strategy:

Prepare buyers for quick decisions and pre-approval; highlight off-market opportunities.

Objection: Older homes may need updates

Response Strategy:

Showcase recent renovations and potential for value-add improvements.

Investment Insights

Investment Potential

Appreciation Potential

Solid, driven by demand for family homes and limited inventory.

Rental Demand

High, especially for condos and multi-family units; strong appeal to young professionals.

Buyer Competition

Intense for updated and new construction homes; multiple offers common.

Best For

  • Families seeking top schools
  • Young professionals
  • Investors in multi-family properties

Potential Concerns

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

Professional Recommendations

1

Network with local schools and parent groups to access family buyers.

2

Leverage social media to showcase community events and local businesses.

3

Highlight walkability, school ratings, and unique home features in all marketing.

4

Prepare buyers for fast-moving market and educate on pre-approval process.

5

Build relationships with local contractors for renovation-ready buyers.

Competitive Analysis

Comparable Markets

  • North Center
  • Lakeview
  • Lincoln Square

Market Positioning

Premium, family-focused, historic-meets-modern neighborhood.

Competitive Advantages

  • Stronger community identity
  • Higher walkability
  • Better school ratings

Price Comparison

Roscoe Village is 10–20% more expensive than Lakeview and North Center for similar properties.

Investment Metrics

4.5–5.2% (multi-family, 2025)
Cap Rates
5–6% (condos, 2025)
Rental Yields
22–25
Price-to-Rent
Positive for updated multi-family; break-even to modest for single-family rentals.
Cash Flow
3–5% annual appreciation expected through 2026.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price point; best options are condos or smaller two-flats.

Move-Up Buyers

Strong fit; many families move within the neighborhood for more space or better amenities.

Downsizers

Appealing modern condos and townhomes with low maintenance.

Investors

Attractive for multi-family and condo rentals; stable tenant pool.

Relocators

Desirable for those seeking a blend of city access and neighborhood feel.

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.

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