Jan
25

Neighborhood Spotlight: The Gold Coast

January 25, 2013

gold coast apartments

The Gold Coast is one of Chicago’s most exclusive neighborhoods and features some of the most luxurious condos and finest mansions in the city. The median home price for a single-family home in the Gold Coast is $285,700, which is much higher than the Chicago metro average price of $187,700. However, if you choose to live in the Gold Coast, you’ll have a wide variety of home styles to choose from. Not only are luxury condos quite popular, but homeowners can also move into a historic mansion or townhome. There are currently 522 homes for sale in the Gold Coast, with prices ranging from $115,000 for a one-bedroom, one-bath condo to $9,950,000 for an eight bedroom, six-bath home. Gold Coast home values have increased 2.7 percent in the past year.

Average rents in the Gold Coast are as follows:

Rent for a studio apartment: $1,150
Rent for a one-bedroom apartment: $1,500
Rent for a two-bedroom apartment: $2,500
Rent for a three-bedroom apartment: $3,150

The area is served by the Chicago Public School district, and the neighborhood is home to some of Chicago’s top public schools. Odgen Elementary, for example, offers a high-quality after school program plus the C.H.O.I.CE. (Children’s Horizons Opening In Chicago Education) program which expands students’ knowledge of the world and educates them about today’s global economy. Gold Coast students can also attend the Latin School college preparatory academy, which focuses on establishing a diverse and inclusive community that caters towards each student’s individual goals and strengths. If you’re interested in higher education opportunities, then check out the course listings at Loyola University’s Water Tower campus.

school photo

The Gold Coast has a population of 37,773 and according to WalkScore, the area is the sixth most ‘walkable’ in Chicago, with a ‘walkability’ score of 94. NabeWise also ranked the Gold Coast as one of the top ten neighborhoods for nightlife in Chicago. Designer boutiques and fine dining also play a major role in giving the Gold Coast neighborhood its appealing name, so be sure to check out these top picks.

Shopping

  • Barney’s New York. The place to go when you want to go on a designer label shopping spree, this store sells everything from Balenciaga bags to Salvatore Ferragamo loafers.
  • Candyality. You don’t have to be a kid to love Candyality, which sells a variety of sweets from  cubbie gummie bears to high-quality gourmet chocolates.
  • Patagonia. Need some warm weather gear to get through the rest of the winter? Then check out this outfitter’s 6,300 square feet location that sells a variety of fleece jackets, down-filled hoodies and work-out gear.

Dining

fine dining steak

  • Mike Ditka’s. Owned by the former Bears coach, this restaurant features all-American cuisine such as the ‘coach’s meatloaf stack’ and ‘da pork chop.’  If you’re lucky, you might even find Ditka himself hanging out in the dining room.
  • Spiaggia. Enjoy award-winning Italian cuisine and an extensive wine list. Menu selections include everything from sea scallops and caviar to veal filled pasta and potato gnocchi.
  •  Gibsons. First-rate martinis, prime rib and steak make this a must-visit dining experience.

Entertainment

  • A Red Orchid Theatre. Enjoy the works of local playwrights in an intimate setting.
  • Museum of Contemporary Art. Whether you’re new to town or a Chicago native, don’t miss the exhibits at the MCA, which in addition to a wide variety of painting, sculpture, photography, video and film from around the world, also has a 300-seat theater and a terraced sculpture garden with a great view of Lake Michigan.
  • Newberry Library. A world-famous research library that is celebrating its 125th anniversary. Be sure to stop by and peruse the collection of rare books, maps, music, manuscripts and other printed material spanning more than six centuries.

Nightlifewine nightlife

  • Zebra Lounge. The place to be in the Gold Coast for enjoying live music seven nights a week.
  • The Drawing Room. Offers an extensive cocktail list that includes classic and modern drinks with innovative names such as Hide My Thunder and a Shrub-a-dub-dub.
  • Luxbar. Enjoy both artisan cocktails and food made from local sources. Drink selections include options such as a cinnamon fig sidecar and local cider martini.

Transportation

  • CTA: Red line trains.
  • Airports: Airports: O’Hare International Airport is 30 minutes away via car and more than an hour away via the Blue “L” line. Midway International Airport is about 30 minutes away via car or an hour via the Orange “L” lines.
  • Parking: Use a website as SpotHero to find valet or garage parking

So whether you’re into nightlife, luxury shopping or having access to a variety of cultural landmarks right outside your front door, you might want to consider owning a piece of Gold Coast real estate.

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Jessica Thom

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