Chatham, Chicago, IL
Chatham — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Chatham, Chicago, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Chatham Neighborhood Overview
Chatham is a historic and predominantly residential neighborhood on Chicago's South Side. Known for its strong sense of community and well-maintained brick bungalows, it offers a quieter, family-oriented atmosphere within the city. The area has a rich cultural heritage as a cornerstone of the city's African American middle class.
Lifestyle & Amenities
Residents enjoy a neighborhood-focused lifestyle with local shopping and dining options along 79th Street and Cottage Grove Avenue. The community is home to several parks, including the expansive Cole Park, which offers recreational facilities. Chatham's active neighborhood associations frequently organize local events and initiatives.
Real Estate Market
The real estate market in Chatham is characterized by single-family homes, with a Census median home value of $556,900. Current market data indicates an asking price per square foot of approximately $71.69. The area provides a more affordable entry point into Chicago homeownership compared to many North Side neighborhoods.
Schools & Education
Chatham is served by Chicago Public Schools, offering a range of elementary and high school options for families. The community places a high value on education, with several local schools serving the neighborhood's children. Families are encouraged to research the specific schools and programs available in the district.
Transportation & Connectivity
The neighborhood is well-connected by several CTA bus lines running along major thoroughfares like 79th Street and State Street. While not directly served by the 'L' train, the Green Line stations at Ashland/63rd and Cottage Grove are accessible. Major highways, including the Dan Ryan Expressway (I-90/94), provide convenient car access to downtown and beyond.
Why Choose Chatham
Chatham is ideal for those seeking an affordable, close-knit community with a proud history and classic Chicago architecture. With a median household income of $121,294, it offers stability and a strong sense of local pride. It represents a quintessential South Side neighborhood with deep roots and a residential character.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Chatham Market Data
| Metric | Value |
|---|---|
| Median Home Price | $557K |
| Median Gross Rent | $3K/mo |
| Median Household Income | $121K |
| Homeownership Rate | 30.5% |
| Renter-Occupied | 69.5% |
| Rental Vacancy Rate | 7.2% |
| Market Type | Buyer's |
| Market Tier | Luxury |
| Primary ZIP Code | 60601 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Chatham, Chicago
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-12