As the millennial generation enters its prime years, many young professionals are looking for communities in which they can thrive. In Chicago, there is a city with amazing cultural diversity that may be just what you’re looking for! Join us as we explore where these movers and shakers live across the Windy City.
The “living in chicago as a single woman” is getting more difficult for young professionals. The cost of living in the city is so high that it’s becoming increasingly difficult to find affordable rent.
One of the finest cities in the world is Chicago. There is plenty of entertainment available, whether it be in the form of sports, cuisine, the arts, or the theatrical scene. It’s no surprise that more and more young professionals are migrating to Chicago when you consider all of that, as well as the city’s convenient transit, thriving tech industry, and unrivaled financial sector.
Young professionals may find lots of communities to call home in the third-largest city in the country. A Chicago neighborhood provides everything you’re searching for, whether you want upmarket near your place of employment, an exciting bar scene near Wrigley Field, or a calm, diverse atmosphere.
Chicago is a city of neighborhoods and Park Lincoln is one of the biggest. If you are looking for a center neighborhood far enough from work to warrant the separation you need, but close enough to not make your head explode during the daily commute, LP is it. A short 15-minute train ride to the Loop (Central Business District) and Downtown, Park Lincoln is packed with a growing restaurant life, easy access to North Avenue Beach, shopping, plenty of parks as well as condo, apartment and housing options to match.
Park Lincoln is not as expensive as some of the other options on this list, but it’s not the cheapest either. According to Curbed, the average one bedroom went for $1,400 in 2014.
Our list’s least expensive neighborhood is Lakeview. As a result of the convenient public transportation, unique youthful bar culture, and of course Wrigley Field, many new college graduates choose to live in Lakeview (home of the Chicago Cubs).
Wrigleyville is a great place to go in the summertime. Lakeview offers everything a young professional might want, whether it be watching a Cubs game from a neighboring rooftop apartment, strolling down Lake Shore Drive and soaking in the chill of Lake Michigan, or rushing by Belmont for a late-night meal after hitting up Clark Street.
In 2014, the typical one bedroom cost $1,300, according to Curbed. Just keep in mind that these bedrooms may not be as spacious as you’d like. Check read How To Uncover Hidden Storage Spaces In Your Apartment if you end up renting a smaller apartment.
Moving a little south, you’ll reach Old Town, which has been developing during the last five years. What was housed one of Chicago’s harshest projects is now a stunning, thriving neighborhood with million-dollar houses, a whole street lined with eateries, boutiques, and bars, as well as a brand-new mega-development scheduled to open later this year. The mall reportedly has an ArcLight movie theater, a Dick’s Sporting Goods, and a Mariano’s Fresh Market.
Rent has increased over the last several years due to recent residential and commercial growth. In 2014, the typical one bedroom cost $2,160, according to Curbed.
Moving west, we come to Ratner Park. While many would characterize Wicker as a hippie/trendy area to live, more and more young professionals are realizing how much value this different area has to offer.
Some argue that Wicker is not as accessible, but if you work Downtown, you will have no problem getting to work. The Blue Line train has two stops that run through Ratner Park, one of which is right above the most happening intersection in Chicago. The Six Corners that combine three major streets (Damen, Milwaukee and North) is home to Stan’s Donuts & Coffee, a brand new Walgreens and perhaps the best outdoor restaurant atmosphere in all of Chicago. If you’re looking to show your out-of-town guests a good Saturday afternoon, take them to Big Star. After two tacos and a few margaritas, you will all thank me.
Financially, Ratner Park provides one of the biggest bangs for your buck. Even with new construction featuring bigger apartments, one-bedroom rent still averaged $1,510 in 2014.
If you have a few professional years under your belt and can afford something a little more ritzy, Coastal Gold may be the fit for you. Right next to The Magnificent Mile (Michigan Avenue), one of the most affluent, flashy and design-friendly streets in all of America, Coastal Gold is a shopper’s dream. It boasts such apparel stores as Hugo Boss, Nordstrom, Neiman Marcus, Patagonia, Nike and Under Armour. If you’re more into tech, Verizon, AT&T and Apple all call Michigan Avenue home.
Coastal Gold has also benefited from numerous new apartment buildings in the last few years, giving any potential tenant the best opportunity to find the perfect apartment. According to Curbed, the average one bedroom went for $1,760 in 2014.
If you plan on working long hours, have a good job and want to be close to the nicest bar scene Chicago has to offer, Stream North is for you. Many successful young professionals choose Stream North as it is only a five-minute walk from the Loop, near all trains and perhaps the easiest neighborhood to hail a cab. Beware, many residents work long hours to make up for those high-priced cocktails at some of the hottest bars in Chicago. Nonetheless, if you do frequent these bars, you may even see your fair share of Chicago Blackhawks!
In 2014, the typical one bedroom cost $2,050, according to Curbed.
The content marketing manager of ImproveNet, the go-to site for all materials related to home improvement, is Jacob Hurwith. Jacob had worked for a number of newspapers in the Chicago area, including the Chicago Sun-Times, before joining ImproveNet. When he’s not writing, Jacob likes to run along Lake Michigan, watch his favorite TV series, and keep up with Chicago sports.
The “best chicago neighborhoods for 40-somethings” is a question that has been asked many times. The answer to the question, however, can vary depending on what city you are living in.
- best neighborhoods in chicago for singles
- best places to live in chicago in your 20’s
- best chicago neighborhoods for 30 somethings
- where do young black professionals live in chicago
- young professional chicago