In September 2026, Redfin put the median sale price in Lincoln Park, Chicago (community area 7, mostly ZIP 60614) at about $850,000 for the ZIP code and $900,000 for the neighborhood, with homes selling at about 102% of asking. Average rents run roughly $1,750–$1,850 for a studio and $2,475–$2,750 for a one-bedroom. This guide covers home types, current market figures, Cook County property taxes, Chicago closing costs, renting rules and everyday city costs.
At a glance
| Median sale price (ZIP 60614) | $849,750, September 2026, up 16.4% year over year (Redfin) |
|---|---|
| Median sale price (Lincoln Park neighborhood) | $899,748, September 2026, up 23.3% year over year (Redfin) |
| Typical home value (ZIP 60614) | $682,500 Zillow Home Value Index, September 30, 2026, up 10.6% year over year |
| Median price per square foot | About $495–$498, three months ending September 2026 (Redfin) |
| Speed of sale | 40–41 median days on market (Redfin, Sept. 2026); 8 median days to pending (Zillow, Sept. 2026) |
| For-sale inventory | 186 listings in 60614 at September 30, 2026 (Zillow) |
| Average rent, all units | $2,432 (RentCafe, Sept. 2026) to $3,200 (Zillow, May 2026) |
| Next Chicago reassessment | 2027 (the City of Chicago was last reassessed in 2024) |
| City transfer tax | $5.25 per $500 of price: $3.75 paid by buyer, $1.50 (CTA portion) by seller |
| 2026 city sticker (standard car) | $105.18 a year; residential zone parking added on top |
Types of homes in Lincoln Park
Lincoln Park’s housing mixes 19th- and early-20th-century buildings on tree-lined side streets, newer single-family homes on wide lots, and high-rises along the lake.
Vintage condos in two- to six-flats
The most common entry point for buyers is a condo in a converted two-flat, three-flat or small courtyard building. Units often fill a whole floor, with original woodwork, bay windows and back porches; parking may be an alley garage space or none at all.
Greystones and brick row houses
Greystones, named for their limestone fronts, line many Lincoln Park blocks. Some are still single-family homes; many are two-flats or have been deconverted back to one house. Brick and stone row houses cluster in the older southern and central parts of the neighborhood, including the landmark McCormick Row House District near DePaul. Homes inside a City of Chicago landmark district, such as Mid-North, need city review for most exterior changes, which is worth knowing before you plan a renovation.
Workers’ cottages
The City of Chicago’s landmarks office describes the workers’ cottage as a vernacular style built in the years after the 1871 Chicago Fire: one and a half stories on a raised basement, a rectangular plan and a front-facing gable. Lincoln Park still has many of them. Some survive close to original, some have been expanded, and many have been replaced by new construction.
Single-family new construction
Larger new homes, often on double or extra-wide lots, are concentrated in pockets such as Sheffield, Wrightwood and the blocks around Oz Park. They are usually the most expensive homes in the neighborhood and drive the high end of the median figures. For a feel for the different pockets, see our sub-neighborhood guide and Mid-North vs. Wrightwood Neighbors.
Lakefront high-rise condos and co-ops
Along Lincoln Park West, Lakeview Avenue and Lake Shore Drive, prewar and postwar towers face the park and the lake. They offer doormen, elevators and views, usually with higher monthly assessments than smaller buildings. Some older lakefront buildings are cooperatives rather than condominiums, which changes financing and approval rules, so confirm the ownership type before you make an offer.
Rental buildings
Beyond the many rental units in two- and three-flats, Lincoln Park has several large rental buildings. Lincoln Common, built on the former Children’s Memorial Hospital site at Lincoln, Fullerton and Halsted, includes two 20-story towers with 538 apartments, 40 for-sale condominiums, a senior living building and shops. Eugenie Terrace on the Park, at 1730 N. Clark St. near Old Town, is a high-rise with 575 units ranging from studios to three-bedroom townhomes; its management lists on-site parking at $300 a month.
Lincoln Park housing market in 2026
As of September 2026, Lincoln Park homes are selling at higher prices than a year earlier and usually at or slightly above asking price.
Different data sources measure different things, so expect them to disagree. Redfin reports the median of homes that actually sold in a month; Zillow’s Home Value Index estimates the value of a typical home, including ones that did not sell. Monthly medians also jump around with the mix of what sells: a month with more single-family homes pushes the figure up. Taken together, the sources put the middle of the 60614 market at roughly $770,000 to $900,000 in late summer 2026.
| Source | Month | Figures |
|---|---|---|
| Redfin, ZIP 60614 | Sept. 2026 | $849,750 median sale price (+16.4%); $495/sq ft; 41 median days on market; 102.2% sale-to-list; 50% of homes sold above list |
| Redfin, Lincoln Park neighborhood | Sept. 2026 | $899,748 median sale price (+23.3%); $498/sq ft; 40 median days on market; 102.2% sale-to-list |
| Zillow, ZIP 60614 | Aug.–Sept. 2026 | $682,500 typical home value (+10.6%); $728,933 median list price; $771,000 median sale price (Aug.); 8 median days to pending; 186 homes for sale; 1.024 sale-to-list (Aug.) |
These numbers change every month. For a look at how the market moved earlier, read our Lincoln Park housing market report for summer 2025.
How prices differ by property type and pocket
Neighborhood-wide medians hide a wide spread: a one-bedroom high-rise condo and a new single-family home on a double lot can be blocks apart and millions of dollars apart.
- High-rise condos generally have the lowest entry prices, especially studios and one-bedrooms in older lakefront buildings, but carry the highest monthly assessments.
- Vintage two- and three-bedroom condos in small buildings sit in the middle of the market; outdoor space and garage parking add noticeably to price.
- Townhouses and row houses trade above most condos and give you a private entrance and often a small yard or roof deck.
- Single-family homes, especially newer construction west of Halsted and around Oz Park, Sheffield and Wrightwood, make up the top of the market.
Lot size, distance to L stations (see Getting around), parking and a home’s school attendance boundary (see Schools) move prices block by block. Public 2026 sources do not break out medians by type consistently for the neighborhood, so ask a local agent for a comparative market analysis on a specific property.
Property taxes in Cook County
Lincoln Park homes pay Cook County property taxes, and the City of Chicago portion of the county was last reassessed in 2024, with the next reassessment scheduled for 2027.
How a bill is calculated
The Cook County Assessor sets a market value for each property. Residential property is assessed at 10% of market value; that assessed value is multiplied by a state equalization factor (roughly 3 in recent years) to get the equalized assessed value, or EAV. Exemptions are subtracted, and the result is multiplied by the combined tax rate of every taxing body that covers the property: the city, Chicago Public Schools, the park district, the county and others. Because the rate depends on how much those bodies levy, a bill can rise even when an assessment does not.
Exemptions and timing
- The Homeowner Exemption takes $10,000 off the EAV of an owner-occupied primary residence (single-family home, condo, co-op or building of up to six units). New owners apply through the Assessor’s Office; it renews automatically after that.
- Senior, Senior Freeze, disability and veterans’ exemptions are also available to those who qualify.
- Cook County taxes are paid a year in arrears, in two installments. The second installment of tax year 2025 bills was mailed around September 1, 2026, and was due October 1, 2026, later than the usual schedule.
- The 2027 reassessment will mail new assessment notices to Chicago owners, with a window to appeal to the Assessor and then the Board of Review.
Before you buy, look up the property’s current bill and exemptions by PIN on the Cook County Treasurer’s website. A seller’s bill may include exemptions (such as a senior freeze) that you will not get, so budget on the assessment, not just the last bill.
Condo and HOA assessments
Most Lincoln Park condo owners pay a monthly assessment, and the amount varies widely by building type, amenities and what it covers.
- Small self-managed buildings (two- to six-units) often have modest assessments, but owners may face large one-time costs for roofs, tuckpointing or porch rebuilds if reserves are thin.
- Full-service high-rises carry the highest assessments, which commonly cover staff, heat, water, building insurance and amenities, and sometimes cable or internet.
Ask for the budget, reserve balance, recent board minutes, any special assessments, and rental and pet rules.
Buying a home in Chicago: what is different
In Chicago, both buyer and seller normally hire a real estate attorney, and the contract includes an attorney review period, typically five business days, during which either side’s lawyer can propose changes or, in some cases, cancel.
Attorney review and inspections
While the attorneys negotiate, the buyer schedules a home inspection within the contract’s inspection period. In vintage buildings, inspectors focus on masonry, porches, roofs, sewer lines (a camera scope is common) and electrical. Closing happens at a title company.
Transfer taxes
Chicago has one of the highest real estate transfer taxes in the region. As of the City of Chicago Department of Finance and Chicago Title’s July 1, 2026 transfer tax chart:
| Tax | Rate | Customarily paid by |
|---|---|---|
| City of Chicago | $3.75 per $500 | Buyer |
| City of Chicago (CTA portion) | $1.50 per $500 | Seller |
| Cook County | $0.25 per $500 ($0.50 per $1,000) | Seller |
| State of Illinois | $1.00 per $1,000 | Seller |
On an $800,000 purchase, that works out to about $6,000 in city tax for the buyer and about $2,400 (CTA portion) + $400 (county) + $800 (state) = $3,600 for the seller. Buyers 65 and older paying $250,000 or less can apply for a refund of the CTA portion.
The so-called “mansion tax” did not happen. The Bring Chicago Home referendum, which would have raised the city rate on sales of $1 million or more (to 2% from $1 million to $1.5 million and 3% above $1.5 million) while lowering it below $1 million, failed in March 2024, 53.2% to 46.8%. The city’s 2026 budget did not change the transfer tax. Confirm current rates with your attorney before closing.
Renting in Lincoln Park
Most Lincoln Park rentals are covered by Chicago’s Residential Landlord and Tenant Ordinance (RLTO), and the rental market is busiest in late spring and summer.
What rent costs
| Unit | RentCafe average (Sept. 2026) | Zillow average, 60614 (May 2026) |
|---|---|---|
| Studio | $1,756 | $1,850 |
| 1 bedroom | $2,752 | $2,475 |
| 2 bedrooms | $4,347 | $3,589 |
| 3 bedrooms | Not reported | $4,522 |
| All units | $2,432 | $3,200 |
The sources differ in what they track (RentCafe leans toward large managed buildings). Zillow showed 494 rentals available in 60614 in May 2026, from about $1,150 to more than $21,000 a month.
RLTO basics
- The RLTO does not cover owner-occupied buildings with six or fewer units, or owner-occupied condos and co-ops.
- Landlords must give a receipt for a security deposit, hold it in a separate interest-bearing account, return it with interest within 45 days of move-out, and itemize any deductions within 30 days. The city’s security deposit interest rate for 2026 is 0.01%.
- Landlords must give two days’ notice before entering, except in emergencies.
- Late fees are capped at $10 a month for the first $500 of rent plus 5% of rent above $500.
- To raise rent or not renew, a landlord must give 30 days’ notice for tenancies under six months, 60 days for six months to three years, and 120 days for more than three years.
Lease cycles around DePaul
With DePaul University’s Lincoln Park campus in the middle of the neighborhood, many leases in the blocks around Fullerton, Sheffield and Halsted start in summer, and some landlords begin showing units for the next year months ahead. Shopping early in spring gives you the most choice; shopping in winter can mean fewer options but more room to negotiate. On the first of the month in summer, expect moving trucks everywhere; our weekend apartmenting post covers the neighborhood’s curbside furniture tradition.
Cost of living beyond housing
Besides rent or a mortgage, Lincoln Park residents pay for parking, city fees and generally higher-than-average prices on groceries and dining.
- City sticker: every vehicle registered to a Chicago address needs a City of Chicago wheel-tax sticker. For 2026 it costs $105.18 a year for a passenger vehicle up to 4,500 pounds and $167.07 for heavier vehicles, with a $37 senior rate. New residents must buy one within 30 days of moving in to avoid late fees.
- Residential zone parking: much of Lincoln Park is zoned permit parking. The zone is added to your city sticker for an extra annual fee (confirm the current price with the City Clerk), and daily guest passes are sold separately. See our zoned parking guide.
- Garage parking: a deeded or rented garage space is a real cost or value item; large rental buildings charge monthly (Eugenie Terrace lists $300).
- Everyday spending: the city’s 2026 budget raised the checkout bag tax to 15 cents a bag. For groceries, from Green City Market to The Fresh Market and John’s Food and Wine, browse our groceries and markets listings.
Frequently asked questions
What is the median home price in Lincoln Park, Chicago in 2026?
In September 2026, Redfin reported a median sale price of $849,750 for ZIP 60614 and $899,748 for the Lincoln Park neighborhood. Zillow put the typical home value in 60614 at $682,500 and the August 2026 median sale price at $771,000. Medians swing month to month with the mix of condos and houses sold.
How much is rent in Lincoln Park?
As of 2026, average rents in Lincoln Park run about $1,750 to $1,850 for a studio, $2,475 to $2,750 for a one-bedroom and $3,600 to $4,350 for a two-bedroom, based on RentCafe (September 2026) and Zillow (May 2026) data. Prices vary with building type, parking and outdoor space.
When will Lincoln Park properties be reassessed?
The Cook County Assessor reassesses the City of Chicago every three years. The city, including Lincoln Park, was last reassessed in 2024, and the next reassessment is scheduled for 2027.
How much is the Chicago transfer tax and who pays it?
Chicago charges $5.25 per $500 of sale price. The buyer customarily pays the $3.75 city portion and the seller pays the $1.50 CTA portion. Sellers also usually pay Cook County ($0.50 per $1,000) and Illinois ($1 per $1,000) transfer taxes.
Did Chicago pass a mansion tax on homes over $1 million?
No. The Bring Chicago Home referendum, which would have raised the transfer tax on sales of $1 million or more, failed in March 2024, and the standard city rate of $5.25 per $500 still applied as of mid-2026.
Do I need a lawyer to buy a home in Chicago?
It is standard practice in Chicago for both buyer and seller to hire a real estate attorney. Contracts include an attorney review period, typically five business days, when either side’s attorney can request changes to the deal.
Does the Chicago RLTO apply to every Lincoln Park apartment?
No. The Chicago Residential Landlord and Tenant Ordinance covers most rentals but excludes owner-occupied buildings with six or fewer units and owner-occupied condos and co-ops. Ask a landlord whether the RLTO applies before you sign.
How much is a Chicago city sticker in 2026?
A 2026 City of Chicago vehicle sticker costs $105.18 a year for a passenger vehicle up to 4,500 pounds and $167.07 for a heavier vehicle. Residential zone parking is an added annual fee, and new residents must buy a sticker within 30 days of moving in.
Ready to look at homes or want a second opinion on a building? Joe Bjorklund is a licensed broker with Baird & Warner Lincoln Park on Lincoln Avenue. Read more about Joe or get in touch. For everything else about the neighborhood, start at the complete guide to living in Lincoln Park or the Lincoln Park FAQ.
Sources
- Redfin: 60614 housing market (September 2026)
- Redfin: Lincoln Park, Chicago housing market (September 2026)
- Zillow: 60614 home values (September 2026)
- Zillow Rental Manager: 60614 rental market trends
- RentCafe: average rent in Lincoln Park
- Cook County Assessor: the Cook County property tax system
- Cook County: property tax math
- Cook County Treasurer: Homeowner Exemption
- Cook County: second installment 2025 tax bills
- City of Chicago: Real Property Transfer Tax
- Chicago Title: transfer tax list, July 1, 2026
- CBS Chicago: Bring Chicago Home referendum fails
- Illinois Policy: Chicago adopts 2026 budget
- Illinois Lawyer Now: attorney review periods in Illinois
- City of Chicago: RLTO summary
- Chicagoland Apartment Association: 2026 security deposit interest rates
- Office of the City Clerk: City Sticker FAQs
- Office of the City Clerk: Residential Zone Parking
- City of Chicago Landmarks: Worker’s Cottage style
- RE Journals: Lincoln Common tops out
- Willow Bridge: Eugenie Terrace on the Park
Last updated October 2026 by Joe Bjorklund, Baird & Warner Lincoln Park.