Chicago
Real Estate, Gold Coast Homes for Sale
The present
day parameters of Chicago’s Gold Coast extend from North
Avenue on the north; Chicago Avenue on the south;
Clark Street on the west, and the Lake on the east.
The Gold
Coast is one of the wealthiest neighborhoods in the country,
mostly consisting of high-rise apartment buildings on Lake Shore
Drive, facing Lake Michigan.
The Gold
Coast was an unexceptional neighborhood until 1885, when Potter
Palmer, former dry goods merchant and owner of the Palmer House
hotel, built a fanciful castle on Lake Shore
Drive. Over the next few decades, Chicago's elite gradually migrated
from Prairie Avenue to their new homes north of the Loop.
The "Gold
Coast Historic District" was listed on the National Register
of Historic Places on January 30, 1978.
The price
tag of real estate property in the Gold Coast
is presently in the range of $2 to $3 million for single family
homes. Condominiums average $200,000 for a one
bedroom, $350,000 for two bedrooms, and $450,000+ for three bedrooms.
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