Tally's Corner, Chicago, IL
Tally's Corner — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Tally's Corner, Chicago, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Tally's Corner Neighborhood Overview
Tally's Corner is a vibrant neighborhood situated in the heart of downtown Chicago. Centered near the intersection of State and Madison Streets, it places residents in the middle of the city's famed commercial and cultural core. The area is characterized by its dynamic mix of historic architecture and modern high-rises.
Lifestyle & Amenities
Residents enjoy immediate access to world-class shopping along the Magnificent Mile and State Street. The neighborhood is surrounded by renowned theaters, major department stores, and an extensive selection of dining options. Cultural institutions like the Chicago Cultural Center and Millennium Park are just a short walk away.
Real Estate Market
The real estate market in Tally's Corner is robust, reflecting its prime downtown location. The median home value is reported at $556,900, encompassing a range of property types from condominiums to luxury high-rise apartments. This market appeals to professionals and those seeking an urban, low-maintenance lifestyle.
Schools & Education
Specific public school data for this precise downtown area is limited, as it is a primarily commercial and residential district. Families in the neighborhood typically explore a variety of educational options, including nearby private schools and selective enrollment public schools in the Chicago Public Schools system.
Transportation & Connectivity
Tally's Corner offers exceptional public transit access, served by multiple CTA 'L' train lines and numerous bus routes. The neighborhood is a major hub for commuters, with several stations within blocks. Its walkability score is extremely high, making most daily errands and entertainment easily accessible on foot.
Why Choose Tally's Corner
Choosing Tally's Corner means choosing the epicenter of Chicago life, with a median household income of $121,294 supporting an upscale urban lifestyle. It is ideal for those who prioritize convenience, culture, and connectivity above all else. The neighborhood provides an unmatched live-work-play environment in one of America's great cities.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Tally's Corner 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 Tally's Corner, Chicago
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Tally's Corner, Chicago, IL. Explore the available cited neighborhood data on this page.
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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