House Prices

Lakewood Balmoral Historic District Chicago, IL House Prices & Home Values 2026


Average Data

average house price$293,551
average size per house1419 ft²
average price per ft²218 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lakewood Balmoral Historic District Chicago, IL is $207.1/ sqft to $228.9/ sqft. An average home with 1419 sqft costs approximately $308,275 to $340,725. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60660, while the highest are in ZIP 60660. The average price per sqare feet is $218. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Lakewood Balmoral Historic District Chicago

60660205 $ / ft²




Historical development of home values in Lakewood Balmoral Historic District Chicago

Year Estimated value (USD) Change vs. 2025
2010 $136,330 -53.6%
2011 $131,058 -55.4%
2012 $130,706 -55.5%
2013 $135,591 -53.8%
2014 $142,333 -51.5%
2015 $149,638 -49.0%
2016 $157,447 -46.4%
2017 $165,946 -43.5%
2018 $175,120 -40.3%
2019 $183,240 -37.6%
2020 $192,713 -34.4%
2021 $219,190 -25.3%
2022 $255,526 -13.0%
2023 $269,464 -8.2%
2024 $285,053 -2.9%
2025 $293,551 0.0%

Graph: estimated home values in Lakewood Balmoral Historic District Chicago over time (USD)



Example: 100% financing house in Lakewood Balmoral Historic District Chicago

Loan amount: $293,551

Interest rate: 6.29%

Fixed monthly payment: $1,815.85

Breakdown in the 1st month:
Interest portion: $1,539.67  –  Principal portion: $276.18

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,378.80 $3,411.43 $290,139.57
2 $18,157.79 $3,632.45 $286,507.12
3 $17,922.45 $3,867.79 $282,639.33
4 $17,671.86 $4,118.37 $278,520.96
5 $17,405.04 $4,385.19 $274,135.77
6 $17,120.93 $4,669.30 $269,466.47
7 $16,818.42 $4,971.81 $264,494.65
8 $16,496.31 $5,293.93 $259,200.73
9 $16,153.33 $5,636.91 $253,563.82
10 $15,788.12 $6,002.11 $247,561.71
11 $15,399.26 $6,390.97 $241,170.73
12 $14,985.20 $6,805.03 $234,365.70
13 $14,544.32 $7,245.91 $227,119.79
14 $14,074.87 $7,715.36 $219,404.43
15 $13,575.01 $8,215.22 $211,189.20
16 $13,042.77 $8,747.47 $202,441.73
17 $12,476.04 $9,314.20 $193,127.54
18 $11,872.59 $9,917.64 $183,209.89
19 $11,230.05 $10,560.19 $172,649.71
20 $10,545.88 $11,244.36 $161,405.35
21 $9,817.38 $11,972.85 $149,432.50
22 $9,041.69 $12,748.55 $136,683.95
23 $8,215.74 $13,574.50 $123,109.45
24 $7,336.27 $14,453.96 $108,655.49
25 $6,399.83 $15,390.40 $93,265.09
26 $5,402.72 $16,387.51 $76,877.58
27 $4,341.01 $17,449.22 $59,428.36
28 $3,210.52 $18,579.72 $40,848.64
29 $2,006.78 $19,783.46 $21,065.18
30 $725.05 $21,065.18 $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 Lakewood Balmoral Historic District Chicago, IL


1500 sqft3900 sqft
Ø selling price$415,058$882,942
Ø fast selling$377,326$794,648
Ø high price sale$452,791$971,236

In 2026, houses in Lakewood Balmoral Historic District Chicago, IL will be offered at an average price of $218 per square foot. A 1,500 sqft home priced at $415,058 is 24.13% more expensive per square foot than a 3,900 sqft home priced at $882,942. Home prices in Lakewood Balmoral Historic 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 $611,267. Sellers who can wait longer may achieve a higher price of up to $747,105.


Lakewood Balmoral Historic District, Chicago, IL

Overview

The Lakewood Balmoral Historic District in Chicago, IL is a prized residential enclave known for its picturesque, tree-lined streets and timeless architecture.
Located in the Edgewater community, this landmark district blends historic charm with urban convenience near the North Side lakefront.

History & Architecture

Established in the late 19th and early 20th centuries, Lakewood Balmoral showcases impeccably preserved Queen Anne, Victorian, and American Foursquare homes with generous porches and ornate detailing.
Wide lots, mature trees, and period streetlights create a cohesive streetscape protected by local and national preservation designations. Meticulous restoration and community stewardship maintain the neighborhood?s character while allowing sensitive updates for modern living.

Lifestyle & Location

Residents enjoy walkability to the Lake Michigan shoreline, neighborhood parks, and the vibrant Andersonville shopping and dining district.
Commuting is easy via the nearby CTA Red Line, express buses, and bike-friendly routes connecting to downtown Chicago and surrounding neighborhoods. Seasonal block parties, farmers markets, and cultural institutions foster a close-knit community with amenities for families, professionals, and longtime locals.

Real Estate & Market

Real estate in the Lakewood Balmoral Historic District ranges from thoughtfully restored single-family homes to vintage flats and condos, attracting buyers who value craftsmanship and history.
Strong demand, careful preservation, and proximity to the lakefront support stable property values and a high quality of life in this classic Chicago neighborhood.



FAQ – Home Values in Lakewood Balmoral Historic District Chicago

What is the median home value in Lakewood Balmoral Historic District Chicago in 2026?

In 2026, the typical home value in Lakewood Balmoral Historic District Chicago is about $293,551 for an average home size of 1419 square feet. This corresponds to an average price of roughly $218 per square foot.

What is the average cost per square foot in Lakewood Balmoral Historic District Chicago?

In 2026, homes in Lakewood Balmoral Historic District Chicago sell for an average of around $218 per square foot, with a typical range between $207.1 and $228.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lakewood Balmoral Historic District?

The average home size in Lakewood Balmoral Historic District Chicago is about 1419 square feet, with an estimated 2026 value around $293,551.



Neighborhoods close to Lakewood Balmoral Historic District Chicago, IL

West Loop Gate Chicago, IL503 $ / ft²
St. Clair Gardens East Saint Louis, IL43 $ / ft²
Chicago Lawn Chicago, IL187 $ / ft²
Tanner Trails North Aurora, IL183 $ / ft²
Downtown Oak Lawn Oak Lawn, IL130 $ / ft²
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