Buying A Home In Lakeview

Buying a Home in Lakeview, Chicago: What You Need to Know

If you’re considering buying a home in Chicago, the Lakeview neighborhood should be high on your list. With its blend of historic charm, vibrant culture, and proximity to Lake Michigan, Lakeview offers a unique mix of urban living and community feel that appeals to young professionals, families, and long-time Chicagoans alike.

Why Lakeview?

Lakeview sits on the North Side of Chicago and encompasses several sub-neighborhoods, including Wrigleyville, East Lakeview, and Southport Corridor. Each offers its own unique vibe:

• Wrigleyville is home to the iconic Wrigley Field and attracts baseball fans and nightlife lovers.

• East Lakeview is known for its historic greystones, walkable streets, and lakefront views.

• Southport Corridor offers boutique shopping, upscale dining, and a more residential, family-friendly atmosphere.

Lakeview is also highly walkable, has strong public transportation access (with multiple CTA Red, Brown, and Purple Line stops), and is close to the lakefront trail and parks.

Real Estate Market Overview

Lakeview is a competitive real estate market. While prices vary widely depending on the exact location and type of home, you’ll generally find:

• Condos and townhomes ranging from the mid-$300,000s to over $1 million

• Single-family homes typically starting around $900,000 and going well over $2 million in some areas

• Historic properties and newer developments, giving buyers a range of architectural styles to choose from

Inventory can be tight, especially for move-in ready homes, so it’s important to be prepared to move quickly when you find something you love.

What to Consider Before Buying

1. Budget for property taxes and assessments – Chicago property taxes can be significant, and many condos have monthly assessments that cover maintenance and amenities.

2. Parking – Not all properties include parking, and street parking can be limited in certain areas. Consider whether you’ll need a garage or parking spot.

3. Noise levels – Especially near Wrigleyville or busy commercial corridors, nightlife and events can mean more noise. Visit the area at different times of day to get a true feel.

4. School districts – If you have or plan to have children, look into the local public and private schools. Lakeview is home to several well-regarded options, but school boundaries matter.

5. HOAs and building rules – If you’re buying a condo, understand what the homeowners association covers, their rules, and financial health.

Final Thoughts

Lakeview is one of Chicago’s most desirable neighborhoods, and for good reason. From lakefront access and charming streets to excellent dining and entertainment options, it truly has something for everyone. Whether you're a first-time homebuyer or looking to upgrade to a larger space, buying in Lakeview can be both a smart investment and a lifestyle upgrade.

If you’re ready to explore homes in Lakeview, working with a local real estate agent who knows the ins and outs of each sub-neighborhood can give you a big advantage in a competitive market.