Why Live in Greektown
Greektown, situated on Chicago’s Near West Side, is a neighborhood with a rich history spanning over 150 years. Its name comes from the large Greek population that once called the community home. While various construction projects and mass suburbanization displaced most of the neighborhood’s earliest residents, a Greek museum and a renewal program in the 2010s worked to restore some of the original character. Some businesses, however, have been in Greektown for generations. Greek Islands mimics a taverna on the Aegean Islands, Athena Greek Restaurant has outdoor seating and 9 Muses offers trendy cocktails alongside traditional dishes. Everyday conveniences, like grocery stores, and the Fulton Market District are nearby. Because about half of the residents rent, about half of the neighborhood’s housing consists of apartments. Those looking to buy can find condos available, and buildings typically feature amenities such as fitness centers and parking spaces. Mary Bartelme Park offers a playground, and the neighborhood’s National Hellenic Museum displays how the Greek community has influenced Chicago. The Taste of Greektown Festival, the city’s largest Greek festival, features street food, a gyro eating contest and traditional dance performances. Students can attend Skinner West Elementary School, which is highly rated. The neighborhood is highly walkable and has convenient access to public transportation, including the Blue, Green, and Pink L lines.
Frequently Asked Questions
Is Greektown a good place to live?
Greektown is a good place to live. Greektown is considered very walkable and very bikeable with excellent transit options. Greektown is an urban core neighborhood. Greektown has 5 parks for recreational activities. It is very dense in population with 74.4 people per acre and a median age of 34. The average household income is $144,756 which is above the national average. College graduates make up 92.3% of residents. A majority of residents in Greektown are renters, with 60.9% of residents renting and 39.1% of residents owning their home. A
local real estate agent serving Greektown can help you decide if this neighborhood is the right one for you. Learn more on our
Greektown neighborhood guide.
Is Greektown, IL a safe neighborhood?
Greektown, 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 Greektown?
The median home price in Greektown is $520,000. If you put a 20% down payment of $104,000 and had a 30-year fixed mortgage with an interest rate of 5.98%, your estimated principal and interest payment would be $2,490 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $107K a year to afford the median home price in Greektown. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Greektown is $145K.
What are the best public schools in Greektown?
The best public schools that serve Greektown are:
What are the best private schools in Greektown?
The best private schools that serve Greektown are:
What are the most popular zip codes in Greektown, Chicago, IL?
What are the most popular neighborhoods near Greektown, Chicago, IL?
Are home prices dropping in Greektown?
Yes, home prices in Greektown are down 10% in the last 12 months.
Home Trends in Greektown, IL
On average, homes in Greektown, Chicago sell after 22 days on the market compared to the national average of 54 days. The median sale price for homes in Greektown, Chicago over the last 12 months is $514,000, down 17% from the median home sale price over the previous 12 months.
Median Sale Price
$514,000
Median 2 Bedroom Sale Price
$580,000
Median 1 Bedroom Sale Price
$349,500
Average Price Per Sq Ft
$449
Number of Homes for Sale
2
Last 12 months Home Sales
44
Median List Price
$520,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
-17%