House Prices

Near South Side Chicago, IL House Prices & Home Values 2026


Average Data

average house price$378,548
average size per house1343 ft²
average price per ft²293 $ / ft²

04/15/2026 - The value range (VR) for house prices in Near South Side Chicago, IL is $278.35/ sqft to $307.65/ sqft. An average home with 1343 sqft costs approximately $387,282 to $428,049. 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 $293. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Near South Side Chicago

60616279 $ / ft²




Historical development of home values in Near South Side Chicago

Year Estimated value (USD) Change vs. 2025
2010 $175,805 -53.6%
2011 $169,006 -55.4%
2012 $168,551 -55.5%
2013 $174,851 -53.8%
2014 $183,545 -51.5%
2015 $192,966 -49.0%
2016 $203,036 -46.4%
2017 $213,995 -43.5%
2018 $225,825 -40.3%
2019 $236,297 -37.6%
2020 $248,512 -34.4%
2021 $282,656 -25.3%
2022 $329,513 -13.0%
2023 $347,487 -8.2%
2024 $367,589 -2.9%
2025 $378,548 0.0%

Graph: estimated home values in Near South Side Chicago over time (USD)



Example: 100% financing house in Near South Side Chicago

Loan amount: $378,548

Interest rate: 6.22%

Fixed monthly payment: $2,322.42

Breakdown in the 1st month:
Interest portion: $1,960.88  –  Principal portion: $361.54

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $23,404.78 $4,464.27 $374,083.73
2 $23,119.24 $4,749.81 $369,333.92
3 $22,815.43 $5,053.62 $364,280.30
4 $22,492.19 $5,376.86 $358,903.44
5 $22,148.28 $5,720.77 $353,182.67
6 $21,782.37 $6,086.68 $347,095.99
7 $21,393.05 $6,476.00 $340,619.99
8 $20,978.83 $6,890.22 $333,729.77
9 $20,538.12 $7,330.93 $326,398.85
10 $20,069.22 $7,799.83 $318,599.02
11 $19,570.33 $8,298.72 $310,300.30
12 $19,039.53 $8,829.52 $301,470.78
13 $18,474.78 $9,394.27 $292,076.51
14 $17,873.90 $9,995.15 $282,081.36
15 $17,234.59 $10,634.46 $271,446.91
16 $16,554.39 $11,314.66 $260,132.25
17 $15,830.69 $12,038.36 $248,093.89
18 $15,060.69 $12,808.36 $235,285.53
19 $14,241.44 $13,627.61 $221,657.93
20 $13,369.80 $14,499.25 $207,158.67
21 $12,442.40 $15,426.65 $191,732.02
22 $11,455.68 $16,413.37 $175,318.65
23 $10,405.85 $17,463.20 $157,855.45
24 $9,288.87 $18,580.18 $139,275.28
25 $8,100.45 $19,768.60 $119,506.67
26 $6,836.01 $21,033.04 $98,473.64
27 $5,490.70 $22,378.35 $76,095.29
28 $4,059.34 $23,809.71 $52,285.57
29 $2,536.42 $25,332.63 $26,952.95
30 $916.10 $26,952.95 $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 Near South Side Chicago, IL


1500 sqft3900 sqft
Ø selling price$550,940$1,171,999
Ø fast selling$500,855$1,054,799
Ø high price sale$601,026$1,289,199

In 2026, houses in Near South Side Chicago, IL will be offered at an average price of $293 per square foot. A 1,500 sqft home priced at $550,940 is 23.83% more expensive per square foot than a 3,900 sqft home priced at $1,171,999. Home prices in Near South Side 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 $811,384. Sellers who can wait longer may achieve a higher price of up to $991,692.


Near South Side, Chicago, IL: Overview

The Near South Side in Chicago, IL blends historic charm with modern development along the lakefront. Once industrial, the neighborhood now features sleek high-rises, renovated lofts, and cultural landmarks.

Attractions and Lifestyle

Home to the Museum Campus, Soldier Field, and the Prairie Avenue Historic District, the area offers year-round attractions. Residents enjoy easy access to the Lakefront Trail, beaches, and sweeping skyline views.
Dining and nightlife flourish around Motor Row and Cermak, with trendy restaurants, breweries, and entertainment venues.

Business, Housing, and Transit

Proximity to McCormick Place fuels business travel, events, and hospitality jobs that support the local economy. Real estate in the Near South Side ranges from luxury condos to townhomes, appealing to professionals, families, and investors.

Community and Quality of Life

Excellent transportation options include the Red, Green, and Orange CTA lines, Metra, bike lanes, and quick expressway connections. Top-rated parks, dog-friendly spaces, and community events create a welcoming urban neighborhood feel.
For buyers, renters, and visitors seeking convenience, culture, and lakefront living, the Near South Side delivers a prime Chicago experience.



FAQ – Home Values in Near South Side Chicago

What is the median home value in Near South Side Chicago in 2026?

In 2026, the typical home value in Near South Side Chicago is about $378,548 for an average home size of 1343 square feet. This corresponds to an average price of roughly $293 per square foot.

What is the average cost per square foot in Near South Side Chicago?

In 2026, homes in Near South Side Chicago sell for an average of around $293 per square foot, with a typical range between $278.35 and $307.65 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Near South Side?

The average home size in Near South Side Chicago is about 1343 square feet, with an estimated 2026 value around $378,548.



Neighborhoods close to Near South Side 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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