Streeterville is a neighborhood in the Near North Side community area of Chicago, Illinois, United States, north of the Chicago River in Cook County.
It is bounded by the river on the south, the Magnificent Mile portion of Michigan Avenue on the west, and Lake Michigan on the north and east, according to most sources, although the City of Chicago only recognizes a small portion of this region as Streeterville.
Thus, it can be described as the Magnificent Mile plus all land east of it. The majority of the land in this neighborhood is reclaimed sandbar.
The neighborhood contains a combination of hotels, restaurants, professional office centers, residential high rises, universities, medical facilities, and cultural venues.
The area has undergone increased development in the early 21st century as numerous empty lots in Streeterville have been converted into commercial and residential properties, especially in the southern part of the neighborhood.
The neighborhood had earlier experienced booms following World War I and World War II.
Streeterville, Chicago: Urban Living by the Lake
Streeterville is a dynamic and lively neighborhood located on the shores of Lake Michigan, just east of the Magnificent Mile and north of the Chicago River. Known for its luxury high-rises, cultural institutions, and close proximity to the lakefront, Streeterville offers a unique blend of urban sophistication and waterfront living, making it one of Chicago’s most desirable neighborhoods.
Why Choose Streeterville?
Unbeatable Location: Streeterville boasts a prime location right by the lakefront and is adjacent to downtown Chicago. Residents enjoy convenient access to some of the city’s best attractions, including Navy Pier, Millennium Park, and the Magnificent Mile, all within walking distance.
Lakefront Lifestyle: With Lake Michigan as its eastern border, Streeterville provides easy access to outdoor activities. Residents can enjoy walks, runs, or bike rides along the Lakefront Trail, relax at Ohio Street Beach, or take part in various water sports. The scenic views of the lake and city skyline add to the neighborhood’s appeal.
Cultural and Entertainment Hub: Streeterville is home to several renowned cultural institutions, such as the Museum of Contemporary Art, the Chicago Shakespeare Theater, and the Arts Club of Chicago. The neighborhood also features a vibrant dining scene, with numerous upscale restaurants, bars, and rooftop lounges offering diverse culinary experiences.
High-End Shopping: Just steps away from the Magnificent Mile, Streeterville offers some of the best shopping in Chicago. From luxury brands and high-end boutiques to department stores, the neighborhood provides a premier shopping experience for residents and visitors alike.
Modern Luxury Living: Streeterville is known for its luxury high-rise condominiums and apartment buildings, many offering spectacular views of Lake Michigan, the Chicago River, and the city skyline. These properties often come with exclusive amenities, such as concierge services, rooftop pools, fitness centers, and private parking.
Healthcare and Education Hub: The neighborhood is home to the Northwestern Memorial Hospital and the Feinberg School of Medicine, making it a popular choice for medical professionals and students. Additionally, the proximity to Northwestern University’s downtown campus adds a youthful, academic vibe to the area.
Real Estate in Streeterville
Streeterville offers a range of residential options, from modern high-rise condos to luxurious penthouses, catering to both renters and buyers. Here’s an overview of the typical price ranges for different property types:
- Studio and One-Bedroom Condos: Prices generally range from $250,000 to $500,000. Smaller studios or older units may start at around $250,000, while larger, newer one-bedroom units in luxury buildings can reach up to $500,000 or more.
- Two-Bedroom Condos: Typically priced between $500,000 and $1.5 million. Condos with lake views, upgraded interiors, and access to exclusive amenities tend to be at the higher end of this range.
- Three-Bedroom Condos and Penthouses: Prices range from $1.5 million to over $4 million. Penthouses and larger condos with expansive floor plans, luxury finishes, and breathtaking views of Lake Michigan or the skyline can exceed $5 million.
- Luxury High-Rise Condominiums: These properties are a hallmark of Streeterville, with prices for high-end units starting at around $700,000 and exceeding $10 million for top-floor penthouses with premium amenities and 360-degree views.
Rental Market
- Studio Rentals: Typically range from $1,800 to $2,500 per month.
- One-Bedroom Rentals: Usually between $2,200 and $3,500 per month.
- Two-Bedroom Rentals: Can range from $3,500 to $6,000 per month.
- Luxury Penthouses: Rentals in high-end buildings may exceed $10,000 per month.
Community Highlights
- Neighborhood Vibe: Urban, lively, and upscale, with a strong emphasis on luxury living and cultural activities.
- Walkability: Extremely walkable, with easy access to public transport, the lakefront, shopping, dining, and entertainment.
- Notable Landmarks: Navy Pier, Museum of Contemporary Art, Northwestern Memorial Hospital, Ohio Street Beach, and the Magnificent Mile.
- Schools: Served by several highly-rated public and private schools, as well as Northwestern University’s downtown campus.