Neighborhood Report
Cost of Living: High
Public Transit: High
Nightlife: High
Restaurants: High
Streeterville is named after an eccentric ship captain George Streeter who claimed 180 acres of landfill owned by industrialist N.K. Fairbank in the 19th century after his 35-ton vessel landed on a sandbar of what is now the Streeterville neighborhood. Now the neighborhood is known for some of the most beautiful apartment and condominium high-rises, Ohio Street Beach and Navy Pier.
Streeterville covers an area of approximately 0.237 square miles and has a population of 6,419. That comes out to be approximately 27,054 people per square mile in terms of population density. This is significantly higher than Chicago’s average of 11,919 people per square mile. As expected, the neighborhoods closest to downtown Chicago will be the most densely populated due to the demand for living close to the center of Chicago.
The highlight of Streeterville is its close proximity the high-energy atmosphere and significantly large restaurant selection without the business. Additionally, Streeterville has some of the most beautiful high-rises in downtown.
Location
Streeterville is located north of the Chicago River and the Loop, east of Michigan Avenue and south of Oak Street. Streeterville is adjacent with River North, so it ties as being the closest northern neighborhood north of the Loop. Additionally, there is a tremendous amount of bus routes within the neighborhood and two subway lines (Brown Line and Red Line) that are a 5-10 minute walk away.
Cost of Living
Due to the high demand to live in Streeterville, the price of rentals and housing values for this area is higher than more northern neighborhoods such as Gold Coast, Lincoln Park or Lakeview. Rents typically range from $1,500 all the way up to $5,000 per month depending on the size, location and the level of luxury of the apartment building. Condos range from $300,000 to $1,000,000+ depending on your needs. Parking is relatively steep too, ranging from $200 to upwards of $400 per month. In summary, this is not the thriftiest neighborhood to live in, but given the perks of living close to the lake, the beach, the Loop, dog parks, running routes, the heart of nightlife and all of the fantastic attractions Chicago has to offer, it is definitely a worthy consideration.
It’s easy to see that Streeterville is not the cheapest place to live, but what you’re paying for is convenience and closeness to Northwestern Memorial Hospital and Rehabilitation Institute of Chicago. Additionally, this is an ideal place to move if you do not want to own a car in the city and want to be close to downtown Chicago.
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