House Prices

Morgan Park Chicago, IL House Prices & Home Values 2026


Average Data

average house price$189,591
average size per house1522 ft²
average price per ft²134 $ / ft²

04/05/2026 - The value range (VR) for house prices in Morgan Park Chicago, IL is $127.3/ sqft to $140.7/ sqft. An average home with 1522 sqft costs approximately $206,926 to $228,708. Chicago, IL includes 1 ZIP codes and it is located in Cook county. The lowest prices are found in ZIP 60643, while the highest are in ZIP 60643. The average price per sqare feet is $134. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Morgan Park Chicago

60643143 $ / ft²




Historical development of home values in Morgan Park Chicago

Year Estimated value (USD) Change vs. 2025
2010 $88,049 -53.6%
2011 $84,645 -55.4%
2012 $84,417 -55.5%
2013 $87,572 -53.8%
2014 $91,926 -51.5%
2015 $96,644 -49.0%
2016 $101,688 -46.4%
2017 $107,177 -43.5%
2018 $113,102 -40.3%
2019 $118,346 -37.6%
2020 $124,464 -34.4%
2021 $141,564 -25.3%
2022 $165,032 -13.0%
2023 $174,034 -8.2%
2024 $184,102 -2.9%
2025 $189,591 0.0%

Graph: estimated home values in Morgan Park Chicago over time (USD)



Example: 100% financing house in Morgan Park Chicago

Loan amount: $189,591

Interest rate: 6.41%

Fixed monthly payment: $1,186.90

Breakdown in the 1st month:
Interest portion: $1,012.42  –  Principal portion: $174.48

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $12,086.39 $2,156.36 $187,434.64
2 $11,944.08 $2,298.68 $185,135.96
3 $11,792.38 $2,450.38 $182,685.58
4 $11,630.66 $2,612.09 $180,073.49
5 $11,458.27 $2,784.48 $177,289.00
6 $11,274.51 $2,968.25 $174,320.76
7 $11,078.62 $3,164.14 $171,156.62
8 $10,869.80 $3,372.96 $167,783.66
9 $10,647.19 $3,595.56 $164,188.10
10 $10,409.90 $3,832.85 $160,355.25
11 $10,156.95 $4,085.81 $156,269.44
12 $9,887.30 $4,355.45 $151,913.99
13 $9,599.86 $4,642.89 $147,271.10
14 $9,293.45 $4,949.31 $142,321.79
15 $8,966.81 $5,275.94 $137,045.85
16 $8,618.62 $5,624.13 $131,421.72
17 $8,247.45 $5,995.30 $125,426.42
18 $7,851.79 $6,390.97 $119,035.45
19 $7,430.01 $6,812.74 $112,222.71
20 $6,980.40 $7,262.36 $104,960.35
21 $6,501.11 $7,741.64 $97,218.70
22 $5,990.19 $8,252.56 $88,966.14
23 $5,445.56 $8,797.20 $80,168.95
24 $4,864.98 $9,377.78 $70,791.17
25 $4,246.08 $9,996.67 $60,794.50
26 $3,586.34 $10,656.41 $50,138.09
27 $2,883.06 $11,359.69 $38,778.40
28 $2,133.37 $12,109.38 $26,669.02
29 $1,334.20 $12,908.55 $13,760.47
30 $482.29 $13,760.47 $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 Morgan Park Chicago, IL


1500 sqft3900 sqft
Ø selling price$259,749$552,556
Ø fast selling$236,135$497,300
Ø high price sale$283,362$607,811

In 2026, houses in Morgan Park Chicago, IL will be offered at an average price of $134 per square foot. A 1,500 sqft home priced at $259,749 is 24.56% more expensive per square foot than a 3,900 sqft home priced at $552,556. Home prices in Morgan Park 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 $382,539. Sellers who can wait longer may achieve a higher price of up to $467,547.


Explore Morgan Park, Chicago, IL

Neighborhood Overview


Morgan Park in Chicago, IL is a charming Far Southwest Side neighborhood known for tree-lined streets and a welcoming, small-town feel. Anchored by historic avenues along the Blue Island Ridge, Morgan Park blends 19th-century character with modern conveniences. The community is prized by homebuyers seeking value and space while staying within the city limits of Chicago.

Homes and Architecture


Real estate in Morgan Park showcases classic Chicago bungalows, Victorian and Queen Anne residences, and well-kept single-family homes on generous lots. Many blocks sit within or near historic districts, giving the neighborhood distinctive architecture, mature landscaping, and strong curb appeal.

Parks and Recreation


Residents enjoy outdoor space at the Dan Ryan Woods and neighborhood parks, plus easy access to the scenic Major Taylor Trail for biking and running. Nearby cultural hubs and community centers host classes, concerts, and seasonal events that reinforce Morgan Park?s close-knit identity.

Transit and Accessibility


Commuters appreciate multiple Metra Rock Island District stations in the Beverly/Morgan Park area, offering quick rides to the Loop and beyond.

Local Lifestyle and Amenities


The neighborhood?s commercial corridors feature local coffee shops, family-owned restaurants, and everyday services that make errands simple. Strong schools, active block clubs, and year-round neighborhood programming make Morgan Park a family-friendly choice on Chicago?s Southwest Side.



FAQ – Home Values in Morgan Park Chicago

What is the median home value in Morgan Park Chicago in 2026?

In 2026, the typical home value in Morgan Park Chicago is about $189,591 for an average home size of 1522 square feet. This corresponds to an average price of roughly $134 per square foot.

What is the average cost per square foot in Morgan Park Chicago?

In 2026, homes in Morgan Park Chicago sell for an average of around $134 per square foot, with a typical range between $127.3 and $140.7 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Morgan Park?

The average home size in Morgan Park Chicago is about 1522 square feet, with an estimated 2026 value around $189,591.



Neighborhoods close to Morgan Park Chicago, IL

Logan Square Chicago, IL279 $ / 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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