House Prices

Lakewood Balmoral Chicago, IL House Prices & Home Values 2026


Average Data

average house price$339,632
average size per house1433 ft²
average price per ft²233 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lakewood Balmoral Chicago, IL is $192/ sqft to $252/ sqft. An average home with 1433 sqft costs approximately $270,184 to $354,616. Chicago, IL includes 2 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60660, while the highest are in ZIP 60640. The average price per sqare feet is $233. Our analysis is based on 23 property listings.

Avergage prices by ZIP codes Lakewood Balmoral Chicago

60640252 $ / ft²
60660192 $ / ft²




Historical development of home values in Lakewood Balmoral Chicago

Year Estimated value (USD) Change vs. 2025
2010 $157,731 -53.6%
2011 $151,632 -55.4%
2012 $151,224 -55.5%
2013 $156,876 -53.8%
2014 $164,676 -51.5%
2015 $173,128 -49.0%
2016 $182,163 -46.4%
2017 $191,995 -43.5%
2018 $202,610 -40.3%
2019 $212,005 -37.6%
2020 $222,964 -34.4%
2021 $253,598 -25.3%
2022 $295,638 -13.0%
2023 $311,764 -8.2%
2024 $329,800 -2.9%
2025 $339,632 0.0%

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



Example: 100% financing house in Lakewood Balmoral Chicago

Loan amount: $339,632

Interest rate: 5.89%

Fixed monthly payment: $2,012.74

Breakdown in the 1st month:
Interest portion: $1,667.59  –  Principal portion: $345.15

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,897.42 $4,255.50 $335,376.50
2 $19,639.80 $4,513.12 $330,863.38
3 $19,366.59 $4,786.33 $326,077.05
4 $19,076.83 $5,076.08 $321,000.97
5 $18,769.54 $5,383.38 $315,617.59
6 $18,443.65 $5,709.27 $309,908.32
7 $18,098.02 $6,054.90 $303,853.43
8 $17,731.47 $6,421.44 $297,431.98
9 $17,342.73 $6,810.18 $290,621.80
10 $16,930.46 $7,222.45 $283,399.34
11 $16,493.23 $7,659.68 $275,739.66
12 $16,029.54 $8,123.38 $267,616.28
13 $15,537.77 $8,615.15 $259,001.13
14 $15,016.23 $9,136.69 $249,864.44
15 $14,463.12 $9,689.80 $240,174.64
16 $13,876.52 $10,276.40 $229,898.25
17 $13,254.41 $10,898.50 $218,999.74
18 $12,594.65 $11,558.27 $207,441.47
19 $11,894.94 $12,257.98 $195,183.49
20 $11,152.87 $13,000.05 $182,183.44
21 $10,365.88 $13,787.04 $168,396.41
22 $9,531.25 $14,621.67 $153,774.74
23 $8,646.09 $15,506.83 $138,267.91
24 $7,707.35 $16,445.57 $121,822.34
25 $6,711.77 $17,441.15 $104,381.19
26 $5,655.93 $18,496.99 $85,884.20
27 $4,536.17 $19,616.75 $66,267.45
28 $3,348.62 $20,804.30 $45,463.16
29 $2,089.18 $22,063.74 $23,399.42
30 $753.50 $23,399.42 $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 Chicago, IL


1500 sqft3900 sqft
Ø selling price$415,283$883,420
Ø fast selling$377,530$795,078
Ø high price sale$453,036$971,762

In 2026, houses in Lakewood Balmoral Chicago, IL will be offered at an average price of $233 per square foot. A 1,500 sqft home priced at $415,283 is 22.59% more expensive per square foot than a 3,900 sqft home priced at $883,420. Home prices in Lakewood Balmoral 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 $611,599. Sellers who can wait longer may achieve a higher price of up to $747,510.


Lakewood Balmoral, Chicago IL Neighborhood Guide

Historic character and architecture

The Lakewood Balmoral neighborhood in Chicago, IL is a cherished historic enclave known for its tree-lined streets and timeless charm.
Designated as a historic district, it showcases beautifully preserved Queen Anne, Prairie, and Victorian-era homes with welcoming front porches. Classic greystones and single-family residences create a cohesive streetscape that reflects late 19th and early 20th century craftsmanship.

Location, lifestyle, and amenities

Nestled in Edgewater near vibrant Andersonville, residents enjoy boutique shopping, indie cafes, and acclaimed restaurants along Clark Street.
Parks, community gardens, and proximity to Lake Michigan and Foster Beach offer ample options for outdoor recreation. The neighborhood?s walkability and strong block-club culture foster a friendly, connected community feel.

Transportation and accessibility

Commuters appreciate easy access to the CTA Red Line at Berwyn and Bryn Mawr, as well as multiple bus routes.
Cyclists benefit from nearby bike lanes and quick links to the lakefront trail.

Real estate and community vibe

Local real estate ranges from lovingly restored single-family homes to updated flats, appealing to buyers who value architecture, space, and character.
With its historic charm, urban convenience, and neighborhood pride, Lakewood Balmoral stands out as one of Chicago?s most inviting places to call home.



FAQ – Home Values in Lakewood Balmoral Chicago

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

In 2026, the typical home value in Lakewood Balmoral Chicago is about $339,632 for an average home size of 1433 square feet. This corresponds to an average price of roughly $233 per square foot.

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

In 2026, homes in Lakewood Balmoral Chicago sell for an average of around $233 per square foot, with a typical range between $192 and $252 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lakewood Balmoral?

The average home size in Lakewood Balmoral Chicago is about 1433 square feet, with an estimated 2026 value around $339,632.



Neighborhoods close to Lakewood Balmoral Chicago, IL

Portage Park Chicago, IL243 $ / 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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