Why Live in Dearborn Park
Dearborn Park, located adjacent to Chicago’s South Loop, is a primarily residential neighborhood characterized by tree-lined streets and ample green spaces, which are rare in a downtown setting. The area features multi-family properties, including modern condo complexes and townhouses built in the 1980s and 90s, with options ranging from two to three bedrooms. Architectural styles include brick and Victorian-styled townhouses and prairie-style homes. Families in Dearborn Park have access to South Loop Elementary School, which maintains above-average test scores and offers a gifted program and after-school activities. The neighborhood is pedestrian-friendly, with well-maintained sidewalks connecting residents to local amenities and dining options. Dearborn Park itself offers an open field and walking path, while nearby Jones Park features playgrounds and picnic areas. Roosevelt Park provides tennis courts and circular walking trails. The historic Dearborn Station, now housing commercial offices and local businesses, marks the neighborhood's northern border. Dining options include Yolk for brunch, Bar Louie for casual meals, and Tapas Valencia for Spanish-inspired dishes. While there are no grocery stores within the neighborhood, residents can shop at nearby Jewel-Osco or Trader Joe's. For shopping, Roosevelt Collection Shops and Target are conveniently located. Public transportation is accessible via Harrison and Roosevelt subway stations, connecting residents to multiple train lines, and numerous bus stops are available. In emergencies, Insight Hospital & Medical Center is approximately 2 miles away.
Frequently Asked Questions
Is Dearborn Park a good place to live?
Dearborn Park is a good place to live. Dearborn Park is considered fairly walkable and a biker's paradise with excellent transit options. Dearborn Park is an urban core neighborhood. Dearborn Park has 8 parks for recreational activities. It is very dense in population with 63.0 people per acre and a median age of 37. The average household income is $135,925 which is above the national average. College graduates make up 77.3% of residents. A majority of residents in Dearborn Park are renters, with 57.2% of residents renting and 42.8% of residents owning their home. A
local real estate agent serving Dearborn Park can help you decide if this neighborhood is the right one for you. Learn more on our
Dearborn Park neighborhood guide.
Is Dearborn Park, IL a safe neighborhood?
Dearborn Park, IL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Dearborn Park?
The median home price in Dearborn Park is $449,990. If you put a 20% down payment of $90,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,330 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $100K a year to afford the median home price in Dearborn Park. The average household income in Dearborn Park is $136K.
What are the best public schools in Dearborn Park?
The best public schools that serve Dearborn Park are:
What are the best private schools in Dearborn Park?
The best private schools that serve Dearborn Park are:
What are the most popular zip codes in Dearborn Park, Chicago, IL?
What are the most popular neighborhoods near Dearborn Park, Chicago, IL?
Home Trends in Dearborn Park, IL
On average, homes in Dearborn Park, Chicago sell after 42 days on the market compared to the national average of 70 days. The median sale price for homes in Dearborn Park, Chicago over the last 12 months is $437,450, down 3% from the median home sale price over the previous 12 months.
Median Sale Price
$437,450
Median Single Family Sale Price
$449,990
Median 2 Bedroom Sale Price
$549,000
Median 1 Bedroom Sale Price
$605,000
Average Price Per Sq Ft
$214
Number of Homes for Sale
2
Last 12 months Home Sales
4
Median List Price
$449,990
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-3%