Why Live in Chinatown
Chinatown in Chicago, just south of downtown, is a culturally vibrant neighborhood celebrated for its community spirit and walkability. Bordered by the South Branch Chicago River and two expressways, it offers easy access to the city, including a Cermak-Chinatown train stop on the Red Line. The area is famous for its diverse dining, such as Phoenix Restaurant for dim sum and Nine Bar, the first cocktail bar in Chinatown. Residents enjoy 88 Marketplace, a large Asian grocery store, and Chinatown Square, an outdoor shopping mall. Community events like the Lunar New Year Celebration and the Dragon Boat Race for Literacy enhance local engagement. Housing options include multi-unit dwellings like brick condos on the north side and single-family cottages, townhouses, and two and three-flats on the south side. Parks such as Ping Tom Memorial Park, with kayaking and a fieldhouse, and Park No. 540 with sports facilities, offer recreational opportunities. Sun Yat-Sen Park features a playground for children. Transportation options include the Chicago Water Taxi and proximity to Interstates 55 and 90, with downtown 2 miles away and Midway International Airport 9 miles away. Insight Hospital & Medical Center Chicago is 1 mile from the neighborhood. Children attend Chicago Public Schools, with Haines Elementary and Phillips Academy High School serving the area, and De La Salle Institute, a highly rated private school, 2 miles south. Nearby, the Zhou B Art Center in Bridgeport offers monthly free exhibitions and open studio events.
Home Trends in Chinatown, IL
On average, homes in Chinatown, Chicago sell after 89 days on the market compared to the national average of 51 days. The median sale price for homes in Chinatown, Chicago over the last 12 months is $330,000, up 18% from the median home sale price over the previous 12 months.
Median Sale Price
$330,000
Median Single Family Sale Price
$679,000
Median Townhouse Sale Price
$427,500
Median 2 Bedroom Sale Price
$308,250
Median 1 Bedroom Sale Price
$264,500
Average Price Per Sq Ft
$279
Number of Homes for Sale
5
Last 12 months Home Sales
33
Median List Price
$330,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
18%