Gold Coast Homes

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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