Why Live in Dearborn Park
Dearborn Park, located adjacent to Chicago's South Loop, is a primarily residential neighborhood. The community is situated off main thoroughfares, lined with trees and features more green space than in nearby areas. Multi-family properties from the 1980s and 90s, condos and townhouses are common housing styles. Families in Dearborn Park can send their children to South Loop Elementary School, which maintains above-average test scores and offers a gifted program, as well as after-school activities. Dearborn Park, from which the neighborhood gets its name, features an open green space and a walking path. Jones Park has two playgrounds and picnic areas, while Roosevelt Park includes tennis courts. 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. Although there are no grocery stores within the Dearborn Park, Jewel-Osco and Trader Joe's are conveniently located nearby. For shopping, Roosevelt Collection Shops, with stores like Banana Republic and H&M, are close. Public transportation is accessible via the 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 5 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 $425,000. If you put a 20% down payment of $85,000 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $2,080 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $89K a year to afford the median home price in Dearborn Park. Learn how much home you can afford with our
Home Affordability Calculator. 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 31 days on the market compared to the national average of 53 days. The median sale price for homes in Dearborn Park, Chicago over the last 12 months is $439,000, down 7% from the median home sale price over the previous 12 months.
Median Sale Price
$439,000
Median Single Family Sale Price
$1,275,000
Median Townhouse Sale Price
$685,000
Median 2 Bedroom Sale Price
$400,000
Median 1 Bedroom Sale Price
$265,000
Average Price Per Sq Ft
$321
Number of Homes for Sale
5
Last 12 months Home Sales
57
Median List Price
$425,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-7%