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The Gap Chicago, IL House Prices & Home Values 2026Average Data
04/15/2026 - The value range (VR) for house prices in The Gap Chicago, IL is $262.2/ sqft to $289.8/ sqft. An average home with 1266 sqft costs approximately $323,979 to $358,082. 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 $276. Our analysis is based on 15 property listings. Avergage prices by ZIP codes The Gap Chicago
Historical development of home values in The Gap Chicago
Graph: estimated home values in The Gap Chicago over time (USD)Example: 100% financing house in The Gap ChicagoLoan amount: $356,624 Interest rate: 5.86% Fixed monthly payment: $2,105.24
Breakdown in the 1st month: Yearly breakdown (100% financing)
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 The Gap Chicago, IL
In 2026, houses in The Gap Chicago, IL will be offered at an average price of $276 per square foot. A 1,500 sqft home priced at $488,918 is 22.45% more expensive per square foot than a 3,900 sqft home priced at $1,040,061. Home prices in The Gap 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 $720,043. Sellers who can wait longer may achieve a higher price of up to $880,052. The Gap, Chicago, IL: Neighborhood OverviewThe Gap is a small, historic neighborhood on Chicago?s South Side within the Douglas community area, known for tree-lined streets and classic greystones. Bounded roughly by 31st to 35th Streets between Michigan Avenue and Martin Luther King Jr. Drive, it sits adjacent to Bronzeville and near the Illinois Institute of Technology. Architecture and LifestyleResidents prize the neighborhood?s well-preserved homes and landmark districts that showcase late-19th- and early-20th-century architecture. Green spaces such as Dunbar Park and access to nearby lakefront trails offer room to relax, play sports, and attend local events. Location and ConnectivityThe Gap enjoys convenient transit with the CTA Green Line at 35th-Bronzeville-IIT, the Red Line at Sox?35th, multiple bus routes, and quick access to Lake Shore Drive and the Dan Ryan. Proximity to Guaranteed Rate Field, IIT, and the growing Bronzeville dining scene makes commuting, classes, and nights out especially easy. Retail and daily needs are served by nearby corridors along King Drive, Michigan Avenue, and 31st Street, including groceries, cafés, and local services. Real Estate and CommunityHome shoppers exploring The Gap, Chicago will find a mix of condos, rehabbed flats, and single-family homes with strong curb appeal, and the neighborhood?s steady real estate interest reflects its central location and historic character. FAQ – Home Values in The Gap ChicagoWhat is the median home value in The Gap Chicago in 2026?In 2026, the typical home value in The Gap Chicago is about $356,624 for an average home size of 1266 square feet. This corresponds to an average price of roughly $276 per square foot. What is the average cost per square foot in The Gap Chicago?In 2026, homes in The Gap Chicago sell for an average of around $276 per square foot, with a typical range between $262.2 and $289.8 per square foot, depending on the property’s location, condition, and lot size. What is the average home size in The Gap?The average home size in The Gap Chicago is about 1266 square feet, with an estimated 2026 value around $356,624. Neighborhoods close to The Gap Chicago, IL
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