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Gold Coast Real Estate Chicago
Neighborhood Information
Location
The present day parameters of the Gold Coast extend from North Avenue on
the north; Chicago Avenue heading south; and Clark Street on the west.
The Gold Coast proudly boasts the scenic lakefront as its benchmark on
the east.
Community Info / History
Located only minutes from the downtown | Loop area of Chicago, the Gold
Coast offers the convenience and refinement of an area which, while
capitalizing upon the city's energetic feel, also creates a resplendent
aura of residential living.
One of the oldest and wealthiest areas in Chicago, the Gold Coast (Gold
Coast) dates back to 1882 when Potter Palmer (a civic leader) bought
land on what would later become north Lake Shore Drive. There Palmer
built the first of many of the area's mansions. Within a decade,
property values in the Gold Coast increased by 400%, and it became the
home of Chicago's most-affluent citizens.
Gold Coast Real Estate
Depending on the location of one's home, the panoramic eastern views
from the high-rise apartments and condominiums give way to incredible
vistas of Lake Michigan and Navy Pier. On the west, Gold Coast residents
are treated to the vibrant city life at ground level.
Long a sophisticated cultural haven for slightly older (30's and up)
professionals, the well-to-do Gold Coast encompasses a wealth of
extraordinary residential properties including high-rise properties,
mansions and brownstones.
Synonymous with class, the style and management of the properties in the
Gold Coast reflect the area's unparallelled commitment to excellence.
Upholding these high standards are such esteemed real estate property
management companies as the Beitler Company, Capstone Property
Management, Chicago Future, the Habitat Company, Jerome H. Meyer and Co.
and the Magellan Development Group. For the sizable investments property
owners have made, they are relieved to find that the buildings are well
managed, secure and, on most occasions, result in good investments.
The majority of the upscale high-rise buildings feature on-site work-out
facilities, in-unit laundry equipment and provide such customized
finishing options to condo buyers: choice of cabinetry, materials used
for counter tops, color for carpeting and paint, as well as special
bathroom and lighting fixtures.
The price tag of real estate property in the Gold Coast is presently in
the range of $2 to $3 million for a single family home. Condominiums
average $250,000 for a one bedroom, $300,000 for two bedrooms, and
$350,000+ for three bedrooms. As a point of comparison, rental
apartments can run $850-$1,000 / month for a studio to $2,000+ for a 3
bedroom.
Tremendously chic sections of the Gold Coast include: Astor Street,
North Lake Shore Drive from Oak Street to Navy Pier, Elm and Delaware
Streets, as well as the traditional brownstones on Dearborn.
Search for
Gold Coast Real Estate.
Transportation
Arrive in and depart from the Gold Coast via a host of easily accessible
transportation methods. The CTA (Chicago Transit Authority)'s buses,
Sheridan 151, Clark Street and LaSalle, and el platforms both offer
generous north-south service at all times of the day and night; while
additional bus routes provide transport to and from east and west
destinations. Of course, there are always plenty of taxi cabs waiting to
drive you wherever you need to go.
Because street parking in the Gold Coast is not always a reliable
accommodation, one may want to consider investing a parking space with
their building. In this particular area, parking spaces are not
considered a luxury; but rather almost a necessity. Buildings typically
have a waiting list for tenants before they can actually own their own
space (purchase price in the $20,000 to $50,000/range for a
standard-sized space, with the best-located spots at a more premium
cost). However, in the interim they usually provide (at a monthly rate
starting at $100) a daily valet service.
Schools
For education ranging from grade school to college, the Gold Coast and
neighboring areas offer a significant number of private and public
schools. There is the William B. Ogden public grade school (K-8) and the
private Francis Xavier Wards Catholic School. The Latin School of
Chicago and Francis W. Parker cover both grammar and high school. All
are highly esteemed institutions. With respect to higher learning, the
Gold Coast is fortunate to have within its reach such an abundance of
recognized colleges including the downtown campuses of Loyola
University, DePaul University, the Chicago Moody Bible Institute,
Northwestern University and the University of Chicago.
Nightlife / Entertainment / Restaurants
The Gold Coast's dazzlingly ensemble of shops splendidly caters toward
an upscale crowd. The world famous Oak Street beckons with its
magnificent range of designer boutiques including: Prada, Jil Sander
and, the ultimate purveyor of linens and bed coverings, Pratesi Ferretti.
North Michigan Avenue or as it is often called, the Magnificent Mile, is
home to the wonderful marble façade of Water Tower Place and Marshall
Field's, as well as the newest addition on the scene, the Shops at North
Bridge anchored by Nordstrom's.
To help outfit your new residential property, the neighboring
Merchandise Mart, the world's largest wholesale design center for home
furnishings, is situated just minutes away from the Gold Coast on the
banks of the Chicago River in the city's River North section.
The Gold Coast has several fine dining establishments including
Morton's, Gibson's, RL and le Colonial. Residents and visitors also
enjoy gourmet markets, chocolatiers and coffee Shoppe's.
Festivals / Parks
The Gold Coast lays claim to the Museum of Contemporary Art, the Terra
Museum, the newly relocated Lookingglass Theatre and the Newberry
Library, an independent research library concentrating in the
humanities. During the early part of August, the annual two day Gold
Coast Art Fair showcases a consortium of artisans and their wares.
Tremendously chic sections of the Gold Coast include: Astor Street,
North Lake Shore Drive from Oak Street to Navy Pier, Elm and Delaware
Streets, as well as, the traditional brownstones on Dearborn. |
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