Streeterville Neighborhood Border People and websites can tell you over and over the streets where the Streeterville neighborhood ends and Gold Coast or River North begins, but if you are new to the area and do not know the streets, what good does that do you? That said, below is an interactive map that easily outlines the Streeterville neighborhood.
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, which 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.
This demand also drives up the price of rentals and housing values for this area given the limited amount of space. 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 $150 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 worth a consideration.
If you would like an enlarged map of the area, click on the following link to access a larger map of the Streeterville neighborhood.
Streeterville Demographics Discussion Living in Streeterville you are close to dog parks, the wonderful Lakeshore Drive running route, the beautiful Ohio Street beach and the other beautiful Chicago attractions.
Streeterville male versus female residents as a ercentage of total residents in 2011.
As for the people who live here, my impression is that the majority of the residents in Streeterville are either in med school or the medical industry (given the close proximity to Northwestern Hospital), well educated or are relatively well off. Additionally, the vast majority of the Streeterville population happens to be more attractive and nicer relative to the population of the rest of the country. People generally are in good shape here and tend to stay active.
Streeterville Demographic Summary The demographics of Streeterville are based off of 2011 data. This data is sourced from city-data.com.
- Streeterville zip code is 60611
- Male population: 2,828 or 44%
- Female population: 3,591 or 56%
- Median male age: 47.3
- Median female age: 45.8
- Average household size: 1.5
- % of family households: 16%
- % of married couple households: 26.9%
- % of married couples with children: 37.8%
- % of never married males 15 years+: 18.7%
- % of never married females 15 years+: 25.0%
Apartments There are many Streeterville apartments (3,010 units in 2011, likely materially higher today) to choose from in Streeterville. In 2011, apartment units comprised approximately 53% of the total housing inventory in the Streeterville neighborhood. Over the last couple of years, apartment rental rates across the entire city of Chicago have sky-rocketed. In Streeterville, back in 2011 the median monthly rental rate was $1,318.
Streeterville share of apartment units versus the share of houses and condos.
Older buildings may have one bedroom apartments available around $1,700 per month with ~850 square foot in a building built in the 1970s. A newer building with new appliances, granite counter tops, washer and dryer and the standard suite of amenities, can run at least $2,000 per month for a convertible unit and upwards of $2,200.
Condos Streeterville has many condos to choose from (approximately 2,703 units in 2011) to either buy or rent. Yes, rent. Leading up to the financial crisis of 2007-2009, there were many condos purchased as an investment that were intended to be occupied by the owner. When the financial crisis hit, the resale market for these condo units declined significantly forcing many owners to rent at well below market levels. The market is not as good for renters as it was back then, but a very good deal comes up occasionally and sometimes you can score a beautiful unit at well below market rental rates. You can source these units on craigslist (not recommended if you are new to Chicago) or a really good rental broker that knows the market very well. Savings on these units can be material.
However, if you are ready to live in Streeterville on a longer-term time-frame, you have a great selection of high-end condos to purchase. In the Streeterville neighborhood prices for condo units can range from $300,000 to $1,000,000+. As with the apartments detailed profile page, I will be creating a detailed profile page for condo buildings within the Streeterville neighborhood. Stay tuned. Attractions Chicago has many things to offer, below is a list of offerings located in the Streeterville neighborhood:
Navy Pier Ferris Wheel with Chicago downtown skyline in the background.
The front entrance of the Chicago Children's Museum, the fourth largest children's museum in the United States.