Why Live in The Gap
The Gap, a compact neighborhood in Chicago, is steeped in historical significance, with landmark homes predating the 1871 Chicago Fire. The area features a mix of bungalows, greystones, brownstones, and brick Victorian rowhomes, many from the late 19th and early 20th centuries, including designs by Frank Lloyd Wright. The densely packed residential streets have an urban feel, with small, low-maintenance yards often enclosed by metal fencing. Modern townhouses and condos are found near the northern end. The Gap is within walking distance of the Chicago White Sox stadium and Lake Michigan, separated only by the Lake Meadows community. Local dining options include Bronzeville Hoagie & Panini Café and Yassa African Restaurant, with Ricobene’s nearby for Chicago-style pizza and breaded steak sandwiches. Weekly errands can be handled at the Lake Meadows Shopping Center. Dunbar Park, at the neighborhood’s northern edge, offers 21 acres of green space, including a reading garden, playground, splash pad, and tennis courts. The 31st Street Beach, 1.5 miles east, provides a sandy retreat with views of the Chicago skyline, a harbor, and waterfront trails. Public transit options include the Metra Red Line and the Orange Line, with bus stops along Michigan and Indiana avenues. The Gap is also a short drive from the South Loop and Chicago Midway International Airport. A $4 billion investment in the nearby Bronzeville Lakefront aims to create a new park, innovation center, mixed-income housing, and retail space by 2026.
Frequently Asked Questions
Is The Gap a good place to live?
The Gap is a good place to live. The Gap is considered fairly walkable and very bikeable with great transit options. The Gap has 11 parks for recreational activities. It is very dense in population with 31.2 people per acre and a median age of 38. The average household income is $95,876 which is below the national average. College graduates make up 44% of residents. A majority of residents in The Gap are renters, with 57.8% of residents renting and 42.2% of residents owning their home. A
local real estate agent serving The Gap can help you decide if this neighborhood is the right one for you. Learn more on our
The Gap neighborhood guide.
How much do you need to make to afford a house in The Gap?
The median home price in The Gap is $415,000. If you put a 20% down payment of $83,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $92K a year to afford the median home price in The Gap. The average household income in The Gap is $96K.
What are the best public schools in The Gap?
The best public schools that serve The Gap are:
What are the best private schools in The Gap?
The best private schools that serve The Gap are:
What are the most popular zip codes in The Gap, Chicago, IL?
What are the most popular neighborhoods near The Gap, Chicago, IL?
Home Trends in The Gap, IL
On average, homes in The Gap, Chicago sell after 44 days on the market compared to the national average of 70 days. The median sale price for homes in The Gap, Chicago over the last 12 months is $342,000, up 19% from the median home sale price over the previous 12 months.
Median Sale Price
$342,000
Median Single Family Sale Price
$342,000
Average Price Per Sq Ft
$266
Number of Homes for Sale
1
Last 12 months Home Sales
2
Median List Price
$415,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
19%