House Prices

Prairie Shores Chicago, IL House Prices & Home Values 2026


Average Data

average house price$385,490
average size per house1368 ft²
average price per ft²298 $ / ft²

04/05/2026 - The value range (VR) for house prices in Prairie Shores Chicago, IL is $283.1/ sqft to $312.9/ sqft. An average home with 1368 sqft costs approximately $408,582 to $451,590. 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 $298. Our analysis is based on 15 property listings.

Avergage prices by ZIP codes Prairie Shores Chicago

60616284 $ / ft²




Historical development of home values in Prairie Shores Chicago

Year Estimated value (USD) Change vs. 2025
2010 $179,029 -53.6%
2011 $172,105 -55.4%
2012 $171,642 -55.5%
2013 $178,058 -53.8%
2014 $186,911 -51.5%
2015 $196,504 -49.0%
2016 $206,759 -46.4%
2017 $217,919 -43.5%
2018 $229,967 -40.3%
2019 $240,630 -37.6%
2020 $253,069 -34.4%
2021 $287,839 -25.3%
2022 $335,556 -13.0%
2023 $353,859 -8.2%
2024 $374,330 -2.9%
2025 $385,490 0.0%

Graph: estimated home values in Prairie Shores Chicago over time (USD)



Example: 100% financing house in Prairie Shores Chicago

Loan amount: $385,490

Interest rate: 6.33%

Fixed monthly payment: $2,393.62

Breakdown in the 1st month:
Interest portion: $2,033.46  –  Principal portion: $360.16

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $24,273.90 $4,449.57 $381,040.43
2 $23,983.92 $4,739.54 $376,300.89
3 $23,675.05 $5,048.41 $371,252.48
4 $23,346.05 $5,377.41 $365,875.07
5 $22,995.61 $5,727.85 $360,147.21
6 $22,622.33 $6,101.13 $354,046.08
7 $22,224.72 $6,498.74 $347,547.34
8 $21,801.20 $6,922.26 $340,625.08
9 $21,350.09 $7,373.37 $333,251.71
10 $20,869.57 $7,853.89 $325,397.82
11 $20,357.74 $8,365.72 $317,032.09
12 $19,812.55 $8,910.91 $308,121.18
13 $19,231.83 $9,491.63 $298,629.56
14 $18,613.27 $10,110.19 $288,519.37
15 $17,954.40 $10,769.06 $277,750.31
16 $17,252.59 $11,470.87 $266,279.44
17 $16,505.04 $12,218.42 $254,061.02
18 $15,708.78 $13,014.68 $241,046.33
19 $14,860.62 $13,862.84 $227,183.49
20 $13,957.19 $14,766.27 $212,417.22
21 $12,994.89 $15,728.57 $196,688.65
22 $11,969.87 $16,753.59 $179,935.06
23 $10,878.05 $17,845.41 $162,089.65
24 $9,715.08 $19,008.38 $143,081.26
25 $8,476.32 $20,247.14 $122,834.12
26 $7,156.83 $21,566.63 $101,267.49
27 $5,751.35 $22,972.11 $78,295.38
28 $4,254.28 $24,469.18 $53,826.20
29 $2,659.64 $26,063.82 $27,762.38
30 $961.08 $27,762.38 $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 Prairie Shores Chicago, IL


1500 sqft3900 sqft
Ø selling price$570,618$1,213,860
Ø fast selling$518,744$1,092,474
Ø high price sale$622,493$1,335,246

In 2026, houses in Prairie Shores Chicago, IL will be offered at an average price of $298 per square foot. A 1,500 sqft home priced at $570,618 is 24.26% more expensive per square foot than a 3,900 sqft home priced at $1,213,860. Home prices in Prairie Shores 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 $840,365. Sellers who can wait longer may achieve a higher price of up to $1,027,113.


Prairie Shores, Chicago IL Neighborhood Guide

Location & Lifestyle

Set in Chicago?s Douglas/Bronzeville area on the Near South Side, Prairie Shores is a lake-adjacent apartment community offering skyline and Lake Michigan views.

Nestled along Martin Luther King Jr. Drive near 26th?31st Streets, it sits between Lake Meadows and Burnham Park, minutes from 31st Street Beach and Harbor.

Residents appreciate its quiet, landscaped campus feel
while staying close to Downtown Chicago and the expanding McCormick Square district.

Transportation & Nearby Landmarks

Commuters benefit from CTA Green Line access at 35th?Bronzeville?IIT and Indiana stations, the Red Line at Sox?35th, and frequent King Drive and Michigan Avenue buses.

Proximity to I?90/94 and Lake Shore Drive streamlines trips across the city, while cyclists connect to the Lakefront Trail via 31st Street.

Nearby anchors include Illinois Institute of Technology, Guaranteed Rate Field, the Illinois College of Optometry, and the Museum Campus just to the north.

Housing & Amenities

The neighborhood?s signature mid-century towers offer spacious Prairie Shores apartments with on-site fitness centers, package receiving, and managed parking.

Green courtyards, playgrounds, and dog-friendly areas create a welcoming environment for families and professionals.

Dining and daily conveniences are close at Lake Meadows shopping, Bronzeville restaurants, and the growing Motor Row corridor.

With strong lake breezes, seasonal events at 31st Street Beach, and celebrated Bronzeville culture, Prairie Shores, Chicago IL combines convenience, value, and authentic South Side character.



FAQ – Home Values in Prairie Shores Chicago

What is the median home value in Prairie Shores Chicago in 2026?

In 2026, the typical home value in Prairie Shores Chicago is about $385,490 for an average home size of 1368 square feet. This corresponds to an average price of roughly $298 per square foot.

What is the average cost per square foot in Prairie Shores Chicago?

In 2026, homes in Prairie Shores Chicago sell for an average of around $298 per square foot, with a typical range between $283.1 and $312.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Prairie Shores?

The average home size in Prairie Shores Chicago is about 1368 square feet, with an estimated 2026 value around $385,490.



Neighborhoods close to Prairie Shores 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
  imprint  Privacy