The story of this market
The typical home in ZIP 60611 sells for about $466,000, or $450 per square foot.
Prices are up +7.8% from a year ago, so sellers still have some momentum. Homes take about 46 days to sell. HUD's fair market rent for a two-bedroom is $2,479 a month.
ZIP 60611 — Chicago
The 60611 housing market remains robust, characterized by high median home values and strong demand for urban living. While active inventory has seen a decline, price appreciation continues at a steady pace, supported by the area's affluent demographic and prime location. Some figures, such as specific permit activity, were not determinable at the ZIP level.
This ZIP is ideal for affluent professionals, downsizers, and investors seeking a high-density urban lifestyle with immediate access to world-class shopping, dining, and lakefront recreation.
Median prices moved up 7.8% year over year.
Homes spend a median of 46 days on market with 5.6 months of supply — a balanced-paced market.
22% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.1% · poverty 7.3% — a stable, low-distress profile.
Built from 1,441 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 60611, Cook County IL
The area experiences urban crime patterns typical of high-density downtown Chicago, with property crime being the primary concern compared to regional averages.
The ZIP is served by Chicago Public Schools, featuring a mix of highly-rated selective enrollment schools and neighborhood institutions with varying performance metrics.
The area is primarily an urban environment with low wildfire risk, though it faces standard urban flood risks associated with heavy rainfall and lakefront proximity.
Economic momentum is driven by its proximity to the Magnificent Mile and the central business district, with ongoing high-end residential and mixed-use redevelopment.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents benefit from exceptional transit access via the CTA Red Line and numerous bus routes, with a short commute to the Loop and major employment hubs.
The ZIP offers immediate access to the Lakefront Trail, Oak Street Beach, and the extensive shopping and dining amenities of the Magnificent Mile.
The rental market is highly competitive with a significant share of renter-occupied units, driven by high demand from young professionals and corporate relocations.
The economy is anchored by professional services, finance, and retail, benefiting from its location adjacent to Chicago's central business district.
The area is highly walkable and served by extensive public transit infrastructure, including the CTA Red Line and multiple bus corridors.
Development is focused on high-density residential and mixed-use projects that leverage the area's high land value and proximity to the lakefront.
Parcels are subject to Chicago Public Schools, City of Chicago, and Cook County taxing jurisdictions.
Property insurance premiums are influenced by urban density and proximity to Lake Michigan, with standard coverage requirements for high-rise structures.
Data retrieved from U.S. Census Bureau ACS 5-Year Estimates.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Navy Pier4.60.6 mi
- Museum of Illusions Chicago4.60.9 mi
- Dave & Buster's Rosemont4.314.3 mi
- Sloomoo Institute - Chicago4.51.1 mi
- Color Factory Chicago4.71.4 mi
- Navy Pier4.60.6 mi
- Wrigley Field4.84.4 mi
- United Center4.73.1 mi
- Soldier Field4.52.1 mi
- McCormick Place4.52.7 mi
- Navy Pier4.60.6 mi
- Wrigley Field4.84.4 mi
- Millennium Park4.80.8 mi
- Shedd Aquarium4.51.7 mi
- Willis Tower4.51.4 mi
- Navy Pier4.60.6 mi
- Shedd Aquarium4.51.7 mi
- The Art Institute of Chicago4.80.9 mi
- Field Museum4.71.8 mi
- Griffin Museum of Science and Industry4.77.2 mi
- Millennium Park4.80.8 mi
- Garfield Park Conservatory4.85.2 mi
- Maggie Daley Park4.70.7 mi
- Grant Park4.71.3 mi
- Lincoln Park Conservatory4.82.4 mi
- First Lady4.80.5 mi
- Montrose Harbor4.75 mi
- DuSable Harbor4.60.5 mi
- Belmont Harbor4.73.7 mi
- Rockwell on the River4.75 mi
- Puttery4.71.9 mi
- Douglass (Anna & Frederick) Park4.44.8 mi
- Sydney R. Marovitz Golf Course3.84.3 mi
- Indian Boundary Golf Course4.112.2 mi
- Billy Caldwell4.110 mi
- Water Tower Place4.50.5 mi
- Christkindlmarket Chicago4.21 mi
- Eataly4.30.5 mi
- Nordstrom4.40.5 mi
- Harlem Irving Plaza4.410.8 mi
- Chicago O'Hare International Airport416.2 mi
- Chicago Midway International Airport410.1 mi
- Illinois Aviation Museum4.829.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area ranked by popularity within the radius shown.
World-renowned shopping district and dining hub.
Popular lakefront beach and recreational area.
Major cultural institution located within the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.