Lakeshore East, Chicago, IL—60601
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lakeshore East, Chicago, IL
As of Oct '25, the median home price in Lakeshore East, Chicago, IL is $352,000, with a year-over-year change of -0.3%. This indicates that home prices in Lakeshore East, Chicago, IL are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $352,000 | -0.3% |
| Single Family | N/A | N/A |
| Condos | $347,000 | 0.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $354,000 | 1.1% |
2 Bed | $589,000 | -0.3% |
3 Bed | $1,375,000 | -0.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakeshore East, Chicago, IL
As of July '25, Rentcast reports the average rent in Lakeshore East, Chicago, IL is $3,140, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in Lakeshore East, Chicago, IL is studios: $2,370, 1-bedrooms: $2,820, 2-bedrooms: $4,120, 3-bedrooms: $6,470. The most common rental property sizes in Lakeshore East, Chicago, IL are 1-bedroom and 2-bedroom, accounting for 38.4% and 28.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,930 | $3,140 |
| Studio Rent | $2,300 | $2,370 |
| 1 Bed Rent | $2,830 | $2,820 |
| 2 Bed Rent | $4,080 | $4,120 |
| 3 Bed Rent | $6,500 | $6,470 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lakeshore East, Chicago, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeshore East, Chicago, IL is 69. This is a increase of 13.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $847,000 | 60.0% |
Listing Count | 145 | -2.0% |
| Listings as % of Homes | 1.3% | -2.0% |
Days on Market | 69 | 13.0% |
Demographics — Lakeshore East, Chicago, IL
As of the latest ACS Survey released in 2023, Lakeshore East, Chicago, IL has a population of 16,300, which has increased by 11.0% over the past 5 years. Lakeshore East, Chicago, IL is a less popular place for families, as children make up 8.4% of the population. The area has a highly educated workforce, with 85.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,300 | 11.0% |
% Under 18 | 8.4% | 50.0% |
% Seniors | 13.0% | -7.8% |
% WFH | 29.4% | 281.8% |
% w/ College Degree | 85.6% | 2.8% |
As of the latest ACS Survey released in 2023, Lakeshore East, Chicago, IL is a predominantly white area, with 54.1% of the population identifying as white. The white population has shrunk by 17.9% in the last 5 years. The second most common race or ethnicity in Lakeshore East, Chicago, IL is asian, making up 28.3% of the population. Foreign-born residents account for 36.3% of the population in Lakeshore East, Chicago, IL, and this percentage has increased by 4.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 54.1% | -17.9% |
% Black | 6.4% | 14.3% |
% Hispanic | 6.5% | -25.3% |
% Asian | 28.3% | 57.2% |
% Foreign Born | 36.3% | 4.6% |
Mortgage and Risk — Lakeshore East, Chicago, IL
According to HUD data as of 2023, there were 309 mortgage originations in Lakeshore East, Chicago, IL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Lakeshore East, Chicago, IL. Investor activity is low, as 5.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 309 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 5.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Lakeshore East, Chicago, IL
Lakeshore East, Chicago, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 43 |
Total Units Section 8 | 43 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$490 | $2,830 | $2,340 |
| 2 Bedroom | -$1,440 | $4,080 | $2,640 |
| 3 Bedroom | -$3,110 | $6,500 | $3,390 |
| 4 Bedroom | N/A | N/A | $3,980 |
Affordability — Lakeshore East, Chicago, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $352,000 |
| Median Household Income | $127,000 |