House Prices

Historic Michigan Boulevard District Chicago, IL House Prices & Home Values 2026


Average Data

average house price$452,480
average size per house1241 ft²
average price per ft²379 $ / ft²

04/15/2026 - The value range (VR) for house prices in Historic Michigan Boulevard District Chicago, IL is $357/ sqft to $480/ sqft. An average home with 1241 sqft costs approximately $458,987 to $617,125. Chicago, IL includes 2 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60605, while the highest are in ZIP 60603. The average price per sqare feet is $379. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes Historic Michigan Boulevard District Chicago

60603480 $ / ft²
60605357 $ / ft²




Historical development of home values in Historic Michigan Boulevard District Chicago

Year Estimated value (USD) Change vs. 2025
2010 $210,140 -53.6%
2011 $202,014 -55.4%
2012 $201,470 -55.5%
2013 $209,000 -53.8%
2014 $219,393 -51.5%
2015 $230,653 -49.0%
2016 $242,690 -46.4%
2017 $255,789 -43.5%
2018 $269,930 -40.3%
2019 $282,446 -37.6%
2020 $297,047 -34.4%
2021 $337,859 -25.3%
2022 $393,868 -13.0%
2023 $415,352 -8.2%
2024 $439,381 -2.9%
2025 $452,480 0.0%

Graph: estimated home values in Historic Michigan Boulevard District Chicago over time (USD)



Example: 100% financing house in Historic Michigan Boulevard District Chicago

Loan amount: $452,480

Interest rate: 6.22%

Fixed monthly payment: $2,776.00

Breakdown in the 1st month:
Interest portion: $2,343.85  –  Principal portion: $432.15

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $27,975.83 $5,336.16 $447,143.84
2 $27,634.52 $5,677.47 $441,466.37
3 $27,271.38 $6,040.61 $435,425.76
4 $26,885.01 $6,426.98 $428,998.78
5 $26,473.93 $6,838.06 $422,160.72
6 $26,036.55 $7,275.44 $414,885.28
7 $25,571.20 $7,740.79 $407,144.49
8 $25,076.09 $8,235.90 $398,908.59
9 $24,549.30 $8,762.69 $390,145.90
10 $23,988.83 $9,323.17 $380,822.74
11 $23,392.50 $9,919.49 $370,903.24
12 $22,758.03 $10,553.96 $360,349.28
13 $22,082.98 $11,229.01 $349,120.27
14 $21,364.75 $11,947.24 $337,173.03
15 $20,600.58 $12,711.41 $324,461.62
16 $19,787.54 $13,524.46 $310,937.16
17 $18,922.49 $14,389.50 $296,547.66
18 $18,002.11 $15,309.88 $281,237.77
19 $17,022.86 $16,289.13 $264,948.64
20 $15,980.97 $17,331.02 $247,617.62
21 $14,872.45 $18,439.54 $229,178.08
22 $13,693.02 $19,618.97 $209,559.12
23 $12,438.16 $20,873.83 $188,685.28
24 $11,103.03 $22,208.96 $166,476.32
25 $9,682.50 $23,629.49 $142,846.83
26 $8,171.11 $25,140.88 $117,705.95
27 $6,563.05 $26,748.94 $90,957.01
28 $4,852.14 $28,459.85 $62,497.16
29 $3,031.80 $30,280.19 $32,216.97
30 $1,095.02 $32,216.97 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Historic Michigan Boulevard District Chicago, IL


1500 sqft3900 sqft
Ø selling price$712,649$1,515,999
Ø fast selling$647,863$1,364,399
Ø high price sale$777,436$1,667,599

In 2026, houses in Historic Michigan Boulevard District Chicago, IL will be offered at an average price of $379 per square foot. A 1,500 sqft home priced at $712,649 is 23.83% more expensive per square foot than a 3,900 sqft home priced at $1,515,999. Home prices in Historic Michigan Boulevard District Chicago, IL vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $1,049,538. Sellers who can wait longer may achieve a higher price of up to $1,282,768.


The Historic Michigan Boulevard District, Chicago, IL

The Historic Michigan Boulevard District in Chicago, IL is a landmark stretch along South Michigan Avenue forming the city?s iconic streetwall overlooking Grant Park. Designated for its dense collection of late 19th- and early 20th-century buildings, the district showcases Chicago?s evolution from Gilded Age boomtown to modern metropolis.

Architecture and Landmarks

Architecture lovers will find Chicago School steel-frame towers beside Beaux-Arts palaces adorned with terra cotta, columns, and elegant cornices. Signature landmarks such as the Auditorium Building by Adler & Sullivan, the Fine Arts Building, and Orchestra Hall celebrate the city?s inventive spirit and cultural legacy. The Art Institute of Chicago and Millennium Park across Michigan Avenue draw global visitors and anchor the area?s museum-and-music reputation.

Culture, Dining, and Green Space

With Grant Park?s lawns, Buckingham Fountain, and the Lakefront Trail nearby, the district blends urban energy with restorative green space. Galleries, intimate performance venues, and historic clubs mix with cafes and fine dining, creating a lively day-to-night itinerary for locals and travelers.
Broad sidewalks, timeless facades, and postcard views make it a favorite route for architecture tours, photographers, and wedding parties.

Access and Lifestyle

Located in the Chicago Loop, the area offers excellent CTA train and bus connections, Metra access at nearby stations, and easy walking to downtown offices. Whether you?re exploring landmarks, catching the Chicago Symphony Orchestra, or simply admiring Michigan Avenue?s historic streetwall, the Historic Michigan Boulevard District delivers an unforgettable downtown experience.



FAQ – Home Values in Historic Michigan Boulevard District Chicago

What is the median home value in Historic Michigan Boulevard District Chicago in 2026?

In 2026, the typical home value in Historic Michigan Boulevard District Chicago is about $452,480 for an average home size of 1241 square feet. This corresponds to an average price of roughly $379 per square foot.

What is the average cost per square foot in Historic Michigan Boulevard District Chicago?

In 2026, homes in Historic Michigan Boulevard District Chicago sell for an average of around $379 per square foot, with a typical range between $357 and $480 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Historic Michigan Boulevard District?

The average home size in Historic Michigan Boulevard District Chicago is about 1241 square feet, with an estimated 2026 value around $452,480.



Neighborhoods close to Historic Michigan Boulevard District Chicago, IL

Chicago Lawn Chicago, IL187 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
The Loop Chicago, IL678 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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