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Old Town Real Estate Quietly Gaining Momentum

Old Town Chicago Real Estate For SaleIn recent weeks, there’s been quite a bit of hype about the West and South Loop real estate market. First it was the rapid sales pace Related Midwest has seen since re-launching its recently acquired 500 condo units down in the South Loop part of town; then last week Google officially announced it would be moving from its Merchandise Mart location in River North to the new 1KFulton building near the West Loop.

However, despite the upward trends these trendy downtown Chicago neighborhoods have been seeing lately, traffic on our network of real estate websites has started to see a significant increase in home buyers searching Old Town. Conveniently located just west of the Gold Coast, what makes Old Town attractive to so many home buyers is the close proximity to other desirable locations around downtown, like the Gold Coast and River North for example, yet home and condo prices aren’t quite as steep in most cases. Plenty of attractive 1 bedroom condos in Old Town are currently on the market for under $200,000, while there are also a few two bedroom options for between $225,000 and $300,000.

If you aren’t as familiar with the Old Town neighborhood in Chicago but are considering all options when it comes to a new home or rental, there’s no doubt this area is great for buyers and renters of all ages.  It’s rich history and historic architecture makes for a quaint, small-town-like atmosphere and the neighborhood’s main commercial district that runs along Wells Street is loaded with awesome restaurants, terrific nightlife, and one-of-a-kind boutique shops. When it comes to restaurants and bars, a couple of our Old Town favorites include Old Town Pour House, O’Brien’s Restaurant and Bar, Corcoran’s Grill & Pub, and of course the Old Town Ale House. But while you’re in the neighborhood, be sure to check out some stand-up comedy at Zanies or take in a show at A Red Orchid Theatre—you won’t be disappointed by the talent on display at either venue.

For more information on Old Town real estate for sale or if you’d like to schedule a private showing for an Old Town property that’s currently on the market, give Ted Guarnero a call today at (312) 566-8141!


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