$435,946Average Value$310Average Price per Sq Ft7Homes For Sale
Asian influence in a convenient urban setting
Chinatown may be right in the backyard of downtown Chicago, but it offers a world of its own – and that’s the key to understanding the value of this place, a value that keeps its residents around. “A lot of the people who grew up in Chinatown leave for college or a job but end back up here. People here stick around,” Amy Duong Kim, a Senior Broker and Founding Member at Compass says. Residents don’t just enjoy the shopping and dining of this culturally focused neighborhood but the community events that come along with it. Hugged by the South Branch Chicago River to the west and two expressways to the south, it’s easy to feel like this neighborhood is plugged into the wider city. There’s even a Cermak-Chinatown train stop that helps residents go to and from. But one of the most popular ways to get around is by one’s own legs – Chicago’s Chinatown is known for being highly walkable.
Chinatown is known for its Chinese styled architecture which gives it a unique character.
BBQ King House has great food options in Chinatown.
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Asian cuisine on every corner
If food is a big driver for homebuyers when looking at neighborhoods, there’s no going wrong with Chinatown – where there appears to be options on every corner. Residents can start their morning off at Phoenix Restaurant, where they can enjoy dim sum, a brunch meal often centered around steamed dumplings. Later, they can grab drinks at Nine Bar, which has the honor of being Chinatown’s first cocktail bar. With cocktail names like “Paper Dragon” – featuring Sichuan peppercorn – and menu items like fries loaded with chili pork, it’s obvious that the venue is catering to an innovative younger crowd. These kinds of developments are nice to see because they show a bridge between Chinatown’s immigrant roots and a new wave of small business owners who want to make a stir. Speaking of bridges, residents should most certainly make their way over the river via Cermak Road so they can experience 88 Marketplace, a massive 80,000-square-foot food extravaganza. This is one of the more unique grocery stores in all of Chicago, giving customers access to frozen and fresh Asian foods. When visitors want to take a break from browsing the numerous aisles, they can chow down on some sushi and Chinese BBQ in the food court. For a more traditional grocery shopping experience, residents head 1 mile north of the neighborhood to Jewel-Osco. Visitors also enjoy checking out Chinatown Square, a two-story outdoor shopping mall with various shops.
Chinatown Square has great food options like BBQ King House.
MCCB has a number of Michelin stars and is well known in Chinatown.
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Chicago Chinatown Chamber of Commerce events
The Chicago Chinatown Chamber of Commerce organizes events throughout the year to unite the community. Most notable is their Lunar New Year Celebration, which features traditional dragon and lion dancing teams, colorful floats, marching bands and marching groups. Another popular event is the Chinese Dragon Boat Race, which has been a tradition among Asian communities for over 2,000 years. Started in 2000 in Chicago, the Dragon Boat Race for Literacy is a family-fun event that includes 32 dragon boat race teams competing in the Chicago River.
Lunar New Year Parade features great photo opportunities in Chinatown.
Lunar New Year Parade is a great time for residents of Chinatown and Chicago in general.
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From condominiums to class Chicago three-flats
In the neighborhood's north side, homebuyers will find a lot of multi-unit dwellings, like brick condos, which isn’t unusual for the Chicago area. But what makes a difference here is affordability. Condominiums in Chinatown have sold for between $250,00 and $410,000. Single-family cottages, townhouses and two and three-flats are more common in the neighborhood's south side and typically sell for between $320,000 and $650,000. “Homes don’t come to market very often but when they do, they go very fast,” Duong Kim says.
There are a number of brick condo buildings in Chinatown.
There are a number of three flat homes in Chinatown.
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The dynamic Ping Tom Memorial Park
Residents of Chinatown can make their way over the river at 18th Street, but might not want to cross, given that the beautiful Ping Tom Memorial Park sits on the riverbank. The park was once a rail yard, but now it offers opportunities for kayaking. There’s even an updated fieldhouse with a gym and a pool. Residents can also use the Chicago Water Taxi from Ping Tom Park, which takes residents along the river with various stops in Chicago. Just southeast of Chinatown is Park No. 540, a popular 5-acre park where locals can play softball or baseball, run on the track, or take their kids to their newly renovated playground. Speaking of playgrounds, children enjoy the new playground at Sun Yat-Sen Park, at the southern border of Chinatown.
Chinatown is known for its riverside Ping Tom Park.
Ping Tom Park has access to the river ferry in Chinatown.
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Proximity to public transportation
Residents in Chinatown benefit from the proximity to a variety of transportation options. The Cermak-Chinatown Station sits on the Red Line of the Chicago Transit Authority’s train system, also known as the “L”, and allows easy access to other pockets of Chicago. Right next to the station is the Nine Dragon Wall, a decorative artwork wall that welcomes commuters to the neighborhood. Proximity to both Interstate 55 and Interstate 90 gives residents easy access to downtown, which is a 2-mile drive north from the neighborhood. For residents looking to get out of Chicago, Midway International Airport is a 9-mile drive from the neighborhood. For medical attention, Insight Hospital & Medical Center Chicago is a 1-mile drive from Chinatown.
Chinatown has a CTA station right in the heart of the neighborhood.
Chinatown has a number of bus lines that run through it.
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Students attend Chicago Public Schools
Children in Chinatown attend Chicago Public Schools. The two schools that are zoned for the area are Haines Elementary School, which serves Pre-K through eighth grade and Phillips Academy High School, which serves ninth through 12th grade. Haines Elementary School earned a B grade from Niche while Phillips Academy High School earned a C-minus. Phillips Academy is known as the oldest African American high school in the city of Chicago. As for private school options, De La Salle Institute is about 2 miles south of the neighborhood and earned an A grade from Niche.
Healy Elementary School is located located near Chinatown.
Phillips Academy High School is located in the Bronzeville and serves the Chinatown area.
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Explore the art at Zhou B Art Center
Nearby in the Bridgeport neighborhood, residents enjoy going to the Zhou B Art Center. The venue, which was featured in the New York Times as one of the “Five Places to Go in Chicago”, hosts a free exhibition and open studio event on the third Friday of each month where locals can explore the main galleries as well as artist studios.
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Chinatown has a great cultural immersion. The Chinese population is largely located in this area, where interacting with Chinese language and culture is simply amazing. The cultural taxation is my only issue along with gentrification of business capitalism.
5.0Former Resident
2/14/2023Niche Review
The community is very strong and there are a lot of opportunities for immigrants and teens. Not only that, there are various shops and restaurant that I enjoy. I especially love to drink the boba milk tea and reading books in the library.
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Crime and Safety
1 - Low Crime, 10 - High Crime
Chinatown
US
Homicide
2
4
Sexual Assault
8
4
Assault with Weapon
6
4
Robbery
5
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Chinatown Demographics and Home Trends
On average, homes in Chinatown, Chicago sell after 95 days on the market compared to the national average of 53 days. The median sale price for homes in Chinatown, Chicago over the last 12 months is $353,800, up 22% from the median home sale price over the previous 12 months.
Evergreen Garden is a 110-unit, new construction condominium development dedicated to creating a safe and welcoming community for seniors aged 62 or older. (Buyers has no age limit, residents to be 62 or above) Its location offers conveniences such as Walgreens, Chinese American Service league, Chicago Public Library, Chinatown Square and Ping Tom Memorial Park. Evergreen Garden is designed to
WELCOME HOME TO YOUR SUNNY SOUTH-FACING, SPACIOUS 1 BEDROOM CONDO. THIS QUIET CONDO IN THE PERFECT CHINATOWN/SOUTH LOOP LOCATION. METICULOUSLY MAINTAINED HARDWOOD FLOORS LEAD DOWN A GALLEY KITCHEN, ENDING IN A GENEROUS SHARED DINING PLUS LIVING SPACE, WITH A SPACIOUS BALCONY. FLOOR TO CEILING WINDOWS WITH SOUTH VIEWS ALLOW FOR MAXIMUN SUN EXPOSURE THROUGHOUT THE DAY. THE BEDROOM IS GENEROUSLY
Megan Hughes@properties Christie's International Real Estate
Evergreen Garden is a 110-unit, new construction condominium development dedicated to creating a safe and welcoming community for seniors aged 62 or older. (Buyers has no age restriction, residents to be 62 or above) Its location offers conveniences such as Walgreens, Chicago Public Library, and Ping Tom Memorial Park. Evergreen Garden is designed to facilitate an independent lifestyle allow
3 Bedrooms Apartment is ready to move-in- 3 Bedrooms and a full bathroom on the second floor- In-unit washer and dryer- Central heat and A/C - Grantetop counter kitchen and cabinets- No pets/animals are allowed
$2,400 per month
3 Beds
2 Baths
1,400 Sq Ft
Spacious 3 Bed / 2 Bath / 1 Parking Spot Townhouse for Rent in China Town. Central HVAC, Washer Dryer In Unit, Hardwood Floor Throughout, New Kitchen Counter Top and Lots Storage Room. Heart of China Town Surround by Grocery, Shop and Restaurant. Tenant is Responsible for All Utilities, Including Water.
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