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Millie Rosenbloom

Broker Lincoln Park Office Direct:312.980.1517 millie.rosenbloom@bairdwarner.com

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Gold Coast / Near North / Old Town / Streeterville

 

About

The Gold Coast neighborhood is one of the wealthiest areas in Chicago. The Gold Coast represents convenience and elegance at its finest. The well-known Chicago neighborhood is located just one mile from the Loop with access to magnificent shopping, world-class dining, and just a walk to the Oak Street beach and Lake Michigan. High rise luxury condominiums, which were once mansions, with rooftop patios over look Chicago's Gold Coast lakefront. There are also low-rise residential blocks inland that are just a few steps away is Chicago's Magnificent Mile, where you will find Macy's at Water Tower Place, Bloomingdale's, Louis Vuitton, Marc Jacobs, Ralph Lauren, and the John Hancock building. Some of the most notable celebrities enjoy living in the Gold Coast of Chicago, including Oprah Winfrey.

TopLocation

Located one and a half miles north of Chicago’s Loop, the Gold Coast is known for amazing views of Chicago’s lakefront on the east.

The parameters of the Gold Coast extend from North Avenue on the north; Lake Michigan to the east, Chicago Avenue heading south; and Clark Street to the west.

The bordering neighborhoods are Streeterville, Lincoln Park, Old Town, River North, Near North.

TopInformation

On January 30, 1978 the "Gold Coast Historic District" was listed on the National Register of Historic Places.

The Gold Coast, Chicago is the wealthiest neighborhood in the city.

The Magnificent Mile is in the top ten hospitality dining and retail area in the world.

The Magnificent Mile has 56 hotels and 124 restaurants.

The Ralph Lauren polo retail store, located on East Chicago Avenue, is the largest retail store in the world.

Population (2010)  - Total 80,484
Density 30,000/sq mi (11,000/km2)  
White 72.11%
Black 10.85%
Hispanic 4.94%
Asian 10.11%
Other 1.99%
Median income $67,065

Source: U.S. Census, Record Information Service

TopHistory

The Gold Coast was started in the Astor Street District. John Jacob Astor, notable for being America’s first millionaire, even though he was not a resident of Chicago’s Gold Coast, won the title of Astor Street District. In the 1800s this areas boundaries were Astor Street between North.

Lake Shore Drive in 1875, opened between North Avenue and Oak Street. It became a destination for some of the wealthiest people of time, including Oprah Winfrey today. The Gold Coast became more frequently visited because it was a spot for lakefront properties and rides.

After the Great Chicago Fire of 1871, it was thought that no one would buy property in this area however; Potter Palmer was one of the first to do so. He took a swampy area, what is now called, Lake Shore Drive, and built the Palmer Mansion. The Palmer Mansion was a forty-two castle-like structure designed by Henry Ives Cobb and Charles Sumner Frost. Over the next few decades, many followed his leadership and soon Chicago’s elite migrated from Prairie Avenue to building their new homes north of the Loop making it the richest neighborhood in Chicago.

The Goodman Theatre is Chicago’s award wining regional theatre. It was established in July 1922 by William and Erna Goodman of the Art Institute of Chicago. They dedicated it in memory of their son, Kenneth Sawyer Goodman, before his death, Kenneth had written, published, and produced non-commercial productions and plays in Chicago. The Goodman Theatre is a representation of his ideal theatre that combines professional training with the highest performance standards. The Goodman Theatre offers free programming for theater of all ages through their Department of Education and Community Engagement.

TopReal Estate

The panoramic eastern views from the high-rise condos and apartments of the Gold Coast Chicago Real Estate give breath taking presence of Navy Pier and Lake Michigan. The west side of the Gold Coast in contrast gives spectacular feel of the city life at ground level.

Real Estate property management companies include: the Beitler Company, Capstone Property Management, The Habitat Company, Chicago Future, Jerome H. Meyer and Company, and the Magellan Development Group.

Some of the types of Gold Coast homes include: high-rise properties, mansions, and brownstones. The area is occupied by a wealth of the slightly order (30’s and up) professionals.

The high-rise condominiums feature in-unit laundry, bathroom and lighting fixtures, and color for carpeting or paint, upgraded cabinetry and counter tops.

The prices of real estate in the Chicago's Gold Coast homes range from condominiums on an average of $250,000 for a one bedroom, $300,000 two bedrooms, and $350,000 plus for three bedrooms. For single family homes it ranges between 2-3 million. Rental apartments can run $850-$1,000 / month for a studio to $2,000+ for a 3 bedroom.

Living areas of the Gold Coast include: Astor Street, North Lake Shore Drive from Oak Street to Navy Pier, Elm and Delaware Streets, as well as the traditional brownstones on Dearborn.

TopTransportation

The Gold Coast neighborhood is known for being hectic when it comes to parking but fortunately there are about two dozen parking structures and lots to accommodate the excess of vehicles. Parking here can range from $30,000 to $50,000 extra on top of the price of your home.

 View Gold Coast parking garages here.

If you prefer public transportation, the CTA Red Line has stops at Clark and Division as well as Chicago and State. You can find more stops on the bus routes including State-29, Michigan Avenue routes, including 151, 145, 147, and 146.

TopSchools

Ogden School offers a C.H.O.I.C.E. after school program that encourages students to see beyond their horizons of Chicago. The program develops and extends their way of thinking by nationally offering several opportunities to see other parts of the world. For more information, see Ogden's website.

Latin School of Chicago 59 W. North Loyola School of Law
Pearson & State Loyola University 820 N. Michigan
The Ogden International School of Chicago 24 W. Walton
Northwestern University Feinberg School of Medicine 420 East Superior Street
 

TopNightlife

Nightlife in the Gold Coast Chicago is where the rich and famous play. Everything within walking distance is a great benefit to living in this area. It is one of Chicago's hottest areas to see the trendy, fashionable, rich lifestyle.

One of the most popular bars in Chicago is the Signature Room Lounge, which is located at the top of the John Hancock Building. The Chicago skyline views from the Bar include a full 360 degree radius of the entire city. The Signature Lunch Buffet is offered Monday thought Saturday; Dinner is served every night with the city's finest seafood and steak in the city. On Sunday, the brunch offers over 60 items including a carving station and a seafood raw bar.

The Whiskey Bar, owned by Cindy Crawford's husband, Rande Gerber, is exclusive to VIP's so most people can only admire imagine what it is like to hangout here. Sidewalk café on Rush Street and a back-lit bar inside, menu has is upscale American cuisine. 1015 N Rush Street, (312) 475-0300.

Looking to dress up and see celebrities? The historic Pump Room at the Public Hotel, 1301 N State Parkway, offers a completely revamped restaurant and bar, where you can spot celebrities and mingle with the old-school meets new-school set.

Rush and Division street, otherwise known as the most notable tourist attraction for going out, used to have 15 bars within a two-block stretch. Now it has expanded and opened some of the most diverse bars in the city which makes it easy for anyone to enjoy. Back to back pubs, lounges, clubs, fine dining, shopping…what more could you ask for?

 

TopEntertainment

The Magnificent Mile has become the main attraction in Chicago for tourists worldwide. Where else can you get everything at once packed into one mile of walking? From shopping, to hotels, entertainment, dining, office space, great architecture and people!

The Magnificent Mile…known as “Mag Mile,” was developed in the 1909 plan of Chicago, which was Daniel Burnham’s historic vision to mix the old world with the new.

Those who love to shop will find everything they need at Water Tower Place, located at 845 N. Michigan Avenue. It has eights levels of shopping, dining, American Girl Place, Macy’s and much more. The Water Tower Place features one of Chicago’s trendiest boutiques, Akira, which is the only downtown location.

The 900 Shops, 900 N. Michigan Avenue, are filled with 70 luxury retail stores including Bloomingdale’s. It also has small intimate boutiques and diverse dining.

TopRestaurants

Chicago’s Gold Coast dining scene serves every type of appetite you might have from upscale dining, fresh sushi, even burger and fries!

Gibson's Bar and Steakhouse, 1028 N Rush Street, (312) 266-8999, is a fun happening atmosphere of all ages, with light entertainment and big flavor steaks and wine. It is in the heart of Rush and Division and has become a landmark in the Gold Coast of Chicago.

Ralph Lauren, 115 East Chicago Avenue, (312) 475-1100, located adjacent to the world’s largest Polo store. The atmosphere is very modern and has everything from seafood to salads and sandwiches. It is very business casual and you will see a lot of business professionals mingling over lunch or dinner.

Café Spiaggia, 980 N Michigan Avenue, (312) 280-2750, is heard to be one of Barack Obama’s favorite restaurants. Known as an Italian favorite, Café Spiaggia has a warm atmosphere with contemporary jazz music. The head chef, Tony Mantuano, has given a new meaning to handmade pastas and fine dining. Barak Obama declares that Tony is his favorite chef. Tony is now premiering on Top Chef Masters, a spinoff series of Top Chef, in which 24 world-owned chefs compete against each other in weekly challenges on Bravo TV.

How does sand in between your toes and a drink in your hand sound?  Visit Oak Street Beach Food and Drink for an afternoon bite or an evening dinner date to watch the sun set.  Located right on the beach, you can walk, bike, roller-blade or run right up to a table with a few of the lakefront.  Open daily during the warm season 11am-10pm weekdays and 10am - 10pm weekend.

 

TopFestivals/Parks

Oak Street Beach is located just steps away from the Gold Coast. Right along Lake Shore Drive, Oak Street Beach offers bike trails, grassy areas for picnics, and jogging paths for those who like to be outdoors.

Gold Coast Art Fair, held at Grant Park at the corner of Monroe Street and Lake Shore Drive, which is know as Butler Field, is a huge festival with fine art, music and food. 450 artists come from all over the world for this three day fair that is considered the “grand daddy” of art festivals.

 
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