The median real estate price in Grant Park is $961,139, which makes it more expensive than 99.1% of neighborhoods across Illinois and 94.6% within the U.S as a whole.
The cost of renting a home in Grant Park is higher than 99.3% of neighborhoods across Illinois. The average rental price here currently stands at $3,494, which makes it one expensive neighborhood.
The area of Grant Park / DePaul University is an urban neighborhood based on population density located in Chicago, Illinois.
The real estate in Grant Park is made up primarily of small to medium-sized apartment complexes and high-rise apartments.
Most of the residential real estate in this area is renter-occupied. Many homes here have been built within recent years, with some dating back to before World War II.
Vacant apartments are a major fact of life in Grant Park. The current real estate vacancy rate here stands at 33.2%. This is higher than the rates of vacancy of 95.3 of all U.S neighborhoods. A relatively large percentage, 21.7%, of the housing stock consists primarily or exclusively of seasonally occupied properties, meaning they’re empty during periods without school vacation weeks.
You surely will be amazed to find out that the people in this community are some of the wealthiest around! For example, only 1.5% of neighborhoods across America have more wealth than Grant Park/ DePaul University does.
The residents who live in this area tend to be very wealthy and enjoy driving luxury cars. The real estate here is well-maintained, so it’s no surprise that homes maintain their value over time too.
The residents of this Chicago community take pride in their children’s education and prefer to send them off to private preparatory schools rather than public ones.
With a lower rating of child poverty, summer in Europe is equally popular with the Vacation to Disney as one would expect from this considerably wealthy neighborhood of Grant Park/De Paul University.
The Grant Park / DePaul University neighborhood has a unique rate of college-educated adults. 94.0% here have received at least a 4-year bachelor’s degree, which is much higher than the average for all neighborhoods in America of only 32.1%.
If you’re looking for active nightlife with lots of opportunities to flirt and find romance, then the Grant Park / DePaul University neighborhood is your place.