Why Live in Dearborn
Dearborn, a compact neighborhood in the heart of Chicago, is characterized by its mix of high-rise apartments and low-rise condos. The area is known for its affordability and excellent public transportation options, making it a commuter-friendly location. Major expressways like Route 90, Route 55, and the Dan Ryan Expressway provide quick access to the broader region, while the walkable and bikeable streets appeal to many residents. The Cermak—McCormick L stop on the Green Line and buses along State Street enhance connectivity. Lake Michigan is just a few blocks east, offering parkland and recreational opportunities along the shoreline. The neighborhood is also close to Guaranteed Rate Field, home of the White Sox.
Dearborn Homes apartment complex dominates much of the area, with low-rise condominiums and lofts offering spacious living at lower costs compared to nearby neighborhoods. These homes range from repurposed industrial spaces to modern buildings with brick fronts and contemporary kitchens. Dining options include the Michelin-starred Moody Tongue brewery and the casual Ricobene’s, known for its Chicago-style pizza and breaded steak sandwich. Grocery shopping is accessible a few blocks southwest at Jewel-Osco.
Williams Park, with its recently updated fieldhouse and outdoor amenities, and Dunbar Park, featuring athletic facilities, provide recreational spaces. The neighborhood also hosts Just Roots, an urban farm that engages the community with events and educational programs. The Illinois Institute of Technology, located at the southern end, attracts students globally, contributing to the neighborhood's vibrant atmosphere. Emergency services are conveniently located at Insight Hospital and Medical Center, just a block away.
Home Trends in Dearborn, IL
On average, homes in Dearborn, Chicago sell after 17 days on the market compared to the national average of 52 days. The median sale price for homes in Dearborn, Chicago over the last 12 months is $347,000, down 4% from the median home sale price over the previous 12 months.
Median Sale Price
$347,000
Median 2 Bedroom Sale Price
$335,000
Average Price Per Sq Ft
$257
Number of Homes for Sale
8
Last 12 months Home Sales
9
Median List Price
$340,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-4%