Home prices across the Chicago area vary GREATLY. It seems obvious that real estate pricing varies partially by its proximity to the trains, but just how much less are you going to pay to live next to the Sheridan Red Line stop versus the Addision, Wrigley Field Red Line stop? Estately conducted a study over the course of six months tracking home sales for houses, condos, and townhouses within a half-mile radius of each transit stop on the CTA’s ‘L’ Red, Blue, Brown, Green, Orange, Purple, Pink and Yellow Lines. The prices are broken down by square foot.
Here are the results of prices by L stop from Estately:
“At an average of $366 per square foot, the Grand Stop on the Red Line is the Chicago Area’s most expensive transit stop to buy a home near. The Halsted Stop on the Green Line was the least expensive at $12 per square foot on average.
Overall, the line with the highest median home price per square foot was the Orange Line—$331, followed by the Purple Line—$326, Brown Line—$305, Pink Line—$270, Red Line—$198, Yellow Line—$164, and Green Line—$99.”
Here’s a portion of the map:
Top ten most expensive Chicago stops
| Stop name | Lines | Median sale price | Price per square foot | Homes for sale nearby |
|---|---|---|---|---|
| Grand | $428,000 | $366 | Near North Side | |
| Merchandise Mart | $410,000 | $360 | Near North Side | |
| Clark/Lake | $400,000 | $357 | The Loop | |
| State/Lake | $401,531 | $356 | The Loop | |
| Chicago | $427,500 | $355 | Near North Side | |
| Randolph/Wabash | $392,500 | $354 | The Loop | |
| Washington | $375,000 | $353 | The Loop | |
| Lake | $390,000 | $352 | The Loop | |
| Washington/Wells | $375,500 | $351 | The Loop | |
| Clinton | $388,750 | $348 | Near West Side |
Top ten least expensive Chicago stops
| Stop name | Lines | Median sale price | Price per square foot | Homes for sale nearby |
|---|---|---|---|---|
| Halsted | $14,750 | $12 | Englewood | |
| Ashland/63rd | $20,250 | $16 | West Englewood | |
| 63rd | $27,000 | $22 | Englewood | |
| Cicero | $35,000 | $25 | Austin | |
| 69th | $46,797 | $27 | Greater Grand Crossing | |
| Pulaski | $37,000 | $34 | West Garfield Park | |
| Cicero | $42,550 | $35 | Austin | |
| Laramie | $49,500 | $35 | Austin | |
| King Drive | $40,084 | $38 | West Woodlawn | |
| Garfield | $57,500 | $39 | Fuller Park |
For more information and the full map of prices by L stop, click here
