House Prices

Lake Meadows Chicago, IL House Prices & Home Values 2026


Average Data

average house price$383,663
average size per house1361 ft²
average price per ft²297 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lake Meadows Chicago, IL is $282.15/ sqft to $311.85/ sqft. An average home with 1361 sqft costs approximately $403,207 to $445,650. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60616, while the highest are in ZIP 60616. The average price per sqare feet is $297. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Lake Meadows Chicago

60616283 $ / ft²




Historical development of home values in Lake Meadows Chicago

Year Estimated value (USD) Change vs. 2025
2010 $178,180 -53.6%
2011 $171,290 -55.4%
2012 $170,829 -55.5%
2013 $177,214 -53.8%
2014 $186,026 -51.5%
2015 $195,573 -49.0%
2016 $205,779 -46.4%
2017 $216,886 -43.5%
2018 $228,877 -40.3%
2019 $239,489 -37.6%
2020 $251,870 -34.4%
2021 $286,475 -25.3%
2022 $333,965 -13.0%
2023 $352,182 -8.2%
2024 $372,556 -2.9%
2025 $383,663 0.0%

Graph: estimated home values in Lake Meadows Chicago over time (USD)



Example: 100% financing house in Lake Meadows Chicago

Loan amount: $383,663

Interest rate: 6.30%

Fixed monthly payment: $2,374.77

Breakdown in the 1st month:
Interest portion: $2,014.23  –  Principal portion: $360.54

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,043.63 $4,453.60 $379,209.40
2 $23,754.81 $4,742.43 $374,466.97
3 $23,447.26 $5,049.98 $369,416.99
4 $23,119.76 $5,377.48 $364,039.51
5 $22,771.02 $5,726.21 $358,313.30
6 $22,399.67 $6,097.57 $352,215.73
7 $22,004.23 $6,493.00 $345,722.73
8 $21,583.15 $6,914.08 $338,808.64
9 $21,134.77 $7,362.47 $331,446.17
10 $20,657.30 $7,839.94 $323,606.24
11 $20,148.87 $8,348.37 $315,257.87
12 $19,607.47 $8,889.77 $306,368.10
13 $19,030.95 $9,466.28 $296,901.82
14 $18,417.05 $10,080.18 $286,821.64
15 $17,763.34 $10,733.90 $276,087.74
16 $17,067.23 $11,430.00 $264,657.74
17 $16,325.98 $12,171.26 $252,486.48
18 $15,536.66 $12,960.58 $239,525.90
19 $14,696.15 $13,801.09 $225,724.81
20 $13,801.13 $14,696.11 $211,028.71
21 $12,848.06 $15,649.17 $195,379.54
22 $11,833.20 $16,664.04 $178,715.50
23 $10,752.51 $17,744.72 $160,970.77
24 $9,601.74 $18,895.49 $142,075.28
25 $8,376.34 $20,120.89 $121,954.39
26 $7,071.48 $21,425.76 $100,528.63
27 $5,681.99 $22,815.25 $77,713.38
28 $4,202.39 $24,294.85 $53,418.53
29 $2,626.83 $25,870.40 $27,548.13
30 $949.10 $27,548.13 $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 Lake Meadows Chicago, IL


1500 sqft3900 sqft
Ø selling price$566,008$1,204,053
Ø fast selling$514,553$1,083,648
Ø high price sale$617,463$1,324,459

In 2026, houses in Lake Meadows Chicago, IL will be offered at an average price of $297 per square foot. A 1,500 sqft home priced at $566,008 is 24.15% more expensive per square foot than a 3,900 sqft home priced at $1,204,053. Home prices in Lake Meadows 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 $833,576. Sellers who can wait longer may achieve a higher price of up to $1,018,814.


Explore Lake Meadows in Chicago, IL

Overview

Nestled on Chicago?s Near South Side, the Lake Meadows neighborhood is a lakeside residential enclave within the Douglas/Bronzeville area of Chicago, IL.
Its prime location near Lake Shore Drive places residents minutes from the lakefront, 31st Street Beach, and downtown.

Location & Access

The neighborhood is known for mid-century modern high-rises, green courtyards, and wide vistas of Lake Michigan.
Metra Electric trains and multiple CTA bus routes provide quick connections to the Loop, the Museum Campus, and nearby universities.

Lifestyle & Amenities

Residents enjoy easy access to parks, the Lakefront Trail, and the 31st Street Harbor for jogging, biking, and boating.
Everyday conveniences include grocery stores, cafes, and services along King Drive and 35th Street, with larger retail clusters a short drive north or south.
Cultural attractions in adjacent Bronzeville?such as galleries, jazz venues, and historic landmarks?add rich context to life in Lake Meadows.

Housing & Community

Housing options include spacious rental apartments within the complex and nearby condo choices, many with balconies and panoramic skyline or lake views.
Residents appreciate the neighborhood?s green space, on-site management in larger complexes, and relative value compared with lakefront communities closer to downtown.
Whether you?re seeking a commute-friendly home, lakefront recreation, or a quieter pocket near Bronzeville?s energy, Lake Meadows, Chicago delivers a balanced urban lifestyle.



FAQ – Home Values in Lake Meadows Chicago

What is the median home value in Lake Meadows Chicago in 2026?

In 2026, the typical home value in Lake Meadows Chicago is about $383,663 for an average home size of 1361 square feet. This corresponds to an average price of roughly $297 per square foot.

What is the average cost per square foot in Lake Meadows Chicago?

In 2026, homes in Lake Meadows Chicago sell for an average of around $297 per square foot, with a typical range between $282.15 and $311.85 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lake Meadows?

The average home size in Lake Meadows Chicago is about 1361 square feet, with an estimated 2026 value around $383,663.



Neighborhoods close to Lake Meadows Chicago, IL

Chicago Lawn Chicago, IL187 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Hyde Park Chicago, IL158 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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