DePaul is a wealthy sub-neighborhood located within Lincoln Park on Chicago’s North Side. The neighborhood takes its name from DePaul University’s 36-acre campus, which is located within the neighborhood. However, many know the small neighborhood alternatively as “Sheffield,” named after one of the major north-south thoroughfares that runs through the ‘hood. DePaul’s streets are highly walkable, and they’re typically filled with a mix of undergraduates, dog walkers and mothers with strollers.
Although DePaul is rich with historic architecture, some new homes have also been built in the neighborhood in recent years. New or old, DePaul real estate prices are in the upper bracket. Two- and three-bedroom condos in DePaul are typically priced from about $400,000 to more than $800,000. Single-family homes tend to start around $1 million, and they can often fetch more than $5 million. Because DePaul real estate is valued so high, most university students live elsewhere and commute to class. Less than 3,000 of the school’s 25,000 students live in the neighborhood.
Because it was untouched by the Chicago Fire of 1871, displaced Chicagoans flocked to DePaul in the aftermath of the fire, and much of the architecture reflects that period. Many of the residences are Italianate brick walkups or Queen Ann-style homes from around the turn of the century. Today, much of the DePaul is a designated National Historic District, and despite its small size, the neighborhood boasts four Chicago landmark districts.
Check out single family homes & condos for sale in your price point in the DePaul neighborhood:
Lincoln Park High School - a Magnet School and one of the Top Public Schools in Illinois
Mayer Elementary School
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