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Hyde Park

Hyde Park

4.1
$585,195 Average Value
$235 Average Price per Sq Ft
70 Homes For Sale

A cultural heritage and a changing landscape

Famous names from Muhammad Ali to Mary Todd Lincoln have made a home in Hyde Park. Known for its proximity to Lake Michigan, this neighborhood is in high demand. The University of Chicago is a major anchor that has attracted numerous influential scholars, including President Barack Obama. But despite the cultural heritage and the scholarly limestone buildings, change has come to Hyde Park. “The neighborhood has changed considerably,” says Wendy Lee, a realtor with EXIT Realty and an expert on Chicago real estate for over 20 years. “You wouldn’t come here for shopping and restaurants, but now there are food trucks around the university. Target and Ulta are now in Hyde Park, too. At one point there were none of these big box stores.” As a result, there are two sides to Hyde Park attracting homebuyers: a sense of history, but also a hip sense of activity and entertainment.

aerial midway/UofC
aerial midway/UofC
Overview of the University of Chicago.
Overview of the University of Chicago.
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Eclectic styles starting at $100k

One of the standout features of Hyde Park is the eclectic housing. Historically, the area served as a getaway for those eager to escape the crowded, noisy conditions of the city center. Between 53rd and 55th streets, and between Harper and Woodlawn avenues, homebuyers can explore historic Hyde Park Center. Here, modest wooden homes sit in contrast to surrounding mansions, Italian villas, English castles, French chateaux and of course, the brick marvels designed by Frank Lloyd Wright. There is modern construction, though, including row houses, town houses and luxury high-rise condominiums, especially near Lake Michigan. Some housing has been integrated into former hotels, like the Shoreland, carved in elegant Classical Revival style. “The thing about housing in Hyde Park is you can go big or small,” Lee says. “Prices range from a $100,000 co-op unit to a multi-million-dollar home.”

Two-story homes can be found throughout Hyde Park.
Two-story homes can be found throughout Hyde Park.
older multi fam
older multi fam
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A hip and bustling commercial scene

Grocery shopping can be a breeze: Whole Foods, Trader Joe’s, Target Grocery and Bonne Sante Health Foods are all situated along the eastern face of Nichols Park. Boutique retail options are truly one of a kind. The area around 57th Street features many independent shops. “The presence of three excellent indie bookstores is one of the top draws of Hyde Park, which plays into its larger identity as a scholarly neighborhood,” says Andrew Peart, a bookseller at Powell’s Books and a neighborhood resident for a dozen years.Similar to the housing styles in Hyde Park, the restaurant scene in is considered world class but also eclectic. Medici will top off mochas with a scoop of chocolate ice cream. Then there’s the French cuisine of La Petite Folie, served in a white tablecloth atmosphere. Valois is a cash-only old-school cafeteria, and Jimmy’s Woodlawn Tap has been pouring beer for over 70 years. “Dining and shopping in Hyde Park is just on point,” says Lee. “You can go to 51st, 53rd, 55th and 57th Streets – all of them are bustling. 53rd is quite trendy now. It has everything: Thai food, Korean food, Cajun food, pizza, sushi, whiskey bars.” Peart concurs: “We have Michelin starred restaurants now, which wasn’t the case back in the 2010s. The area used to be sleepier in that regard.”

Stop in the Hyde Park Whole Foods for an artful shopping experience, Chicago, IL.
Stop in the Hyde Park Whole Foods for an artful shopping experience, Chicago, IL.
Powell's Books store in Hyde Park is steps away from the University of Chicago Campus.
Powell's Books store in Hyde Park is steps away from the University of Chicago Campus.
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Cultural institutions and warm weather events

The Robie House is a defining example of American architecture and considered a must-visit destination. This blocky, Prairie-style building was designed by Frank Lloyd Wright. Elsewhere on the University of Chicago campus are two museums: the Oriental Institute and the Smart Museum of Art. There’s also the Museum of Science and Industry, which was built in 1893 as the Palace of Fine Arts for the Chicago World’s Fair. The DuSable Black History Museum has created a model for the conservation of African American art, now mimicked by institutions in other large cities, such as Boston and Los Angeles. A farmers market is held on 53rd Street during the summer, and every June, the oldest juried art fair in the Midwest takes place along 57th Street.

FLW Robie House
FLW Robie House
aerial - Museum of Science and Industry
aerial - Museum of Science and Industry
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Ray Elementary draws in homebuyers

Ray Elementary earns a B-minus from Niche, and serves over 500 students at the kindergarten through 8th grade level. The school is centrally located, near Bixler Park. “Ray Elementary is considered a desirable school, so much that people will want to live as near it as possible,” Peart says. Kenwood Academy High School earns an A-minus from Niche, and serves over 2,200 students. The school has a strong connection with the University of Chicago, often developing mentorships for students with professors. Kenwood students enrolled in Advanced Placement courses also have access to university student resources.

Ray Elementary School provides a safe environment for students.
Ray Elementary School provides a safe environment for students.
Kenwood Academy High School entrance.
Kenwood Academy High School entrance.
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Beaches and green space in Hyde Park

During warmer months, the 57th Street Beach is a popular getaway. Many take the Lakefront Trail north from here half a mile to picnic at Promontory Point. Despite being a sophisticated urban hub, Hyde Park is very green. Nichols Park is 12 acres, with community vegetable gardens and a wildflower meadow. A gym and baseball field are on site, too. The Garden of the Phoenix is placed on the wooded island of Jackson Park. It features a koi pond and several cherry trees. The Midway Plaisance, designed by the man behind New York’s Central Park, is another unique open space. It’s a mile long and about as wide as two football fields. Along this sliver near Lake Michigan, visitors will find an ice rink and multipurpose fields.

57th st beach
57th st beach
Overview of Promontory Point.
Overview of Promontory Point.
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Alternative transportation is embraced

Hyde Park has access to Metra trains and buses, bringing in commuters during the day. “People will bus in from the north, come down along the lakefront, on the eastern border,” says Peart. But this is a pedestrian’s neighborhood as well. “This is a great walkable community offering a high-density lifestyle,” Lee says. “There aren’t many parking opportunities, so people get around on bike or foot. Plus, it’s important to remember that Hyde Park is close to the lake, so people are walking, jogging, biking on the lakefront all the time.”

There are many CTA bus stops that service the Hyde Park area.
There are many CTA bus stops that service the Hyde Park area.
There are three Metra stops that service the Hyde Park area.
There are three Metra stops that service the Hyde Park area.
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Paul Spencer
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Paul Spencer
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Erika Bizousky

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Chicago Midway International

17 min drive

Train

55Th-56Th-57Th Street Station

Train

59Th Street (University Of Chicago) Station

Train

53Rd Street Hyde Park Station

Bus

S Hyde Park & 53Rd Street

Bus

S Hyde Park & 54Th Street

Bus

S Hyde Park & 56Th Street

Bus

Shoreland Dorm

Bus

Stony Island & 56Th Street

Bus

Stony Island & 59Th Street

Bus

Woodlawn & 53Rd Street

Reviews

Niche Reviews
4.1 99 Reviews
3.0 Niche User
5/24/2015 Niche Review
living in a city, there is a fair amount of nature but not necessarily wildlife. there are areas for plant growth but its nothing more than just city beautification.
2.0 Niche User
4/10/2015 Niche Review
Chicago isn't known for being one of the more pleasant cities in the US. I would feel much safer if they allowed concealed carry permits here.
5.0 Niche User
1/27/2015 Niche Review
Since a university is in the neighborhood there are many different people here. People from different states and countries, so they teach their peers about the different places and they become educated. Mostly everyone is polite but sincce it is the city that doesn't mean someone will strike up a random conversation with you.
4.0 Niche User
10/13/2014 Niche Review
There is some public housing, mostly middle income and some luxury housing. The area is going through a transition to higher income housing. I'm worried that luxury buildings (rental and condo) will increase our property taxes. There is not a lot of abandoned housing.
Are you familiar with the Hyde Park neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Hyde Park US
Homicide 4 4
Sexual Assault 7 4
Assault with Weapon 5 4
Robbery 4 4
Burglary 5 4
Motor Vehicle Theft 4 4
Larceny 4 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Neighborhood Facts

Number of Homes
2,872
Number of Homes for Sale
70
Median Year Built
1949
Months of Supply
3.70
Average Single Family Home Size Sq Ft
3,781
Significantly above the national average
1,934
Average Townhouse Size Sq Ft
2,053
Average 2 Bedroom Size Sq Ft
1,226
Average 1 Bedroom Size Sq Ft
892
Average Studio Size Sq Ft
563
Median Lot Size Sq Ft
5,880

Open Houses

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Rental Home Trends

Number of Homes for Rent
82
Median Rent
$2,522
Median Single Family Home Rent
$2,400
Median 4 Bedroom Single Family Home Rent
$3,150
Median Townhouse Rent
$3,900
Median 3 Bedroom Townhouse Rent
$2,650
Median Condo Rent
$1,955
Median 2 Bedroom Condo Rent
$2,200

Demographics

Total Population
30,596
Median Age
33
Population Density
32 ppl/acre
Population under 18
19.4%
On par with the national average
23.8%
Population over 65
14.4%
On par with the national average
19.1%

Finances

Median Household Income
$60,166
Significantly below the national average
$79,597
Average Household Income
$94,381

Education and Workforce

High School Graduates
96.5%
College Graduates
78.7%
Significantly above the national average
34.1%
Advanced Degrees
54.2%
Significantly above the national average
13.3%
% Population in Labor Force
63.7%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
20°F
Average Summer High Temperature
84°F
Annual Snowfall
40''

Area Factors

Very bikeable

Bikeability®

80 / 100

Exceptionally walkable

Walkability®

90 / 100

Exceptional public transit

Transit®

90 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Hyde Park
Don Robinson Real Estate Agent - ABS Property Consulting
ABS Property Consulting
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