Illinois is a state in the United States that has lively cities, large areas of farmland, and a lot of history. There are many different types of housing available in Illinois. However, there are certain cities in the Land of Lincoln that have notably expensive real estate prices. This article explores the top 5 cities in Illinois with the most expensive homes. It looks at the unique qualities and dynamics that make these markets exclusive.
1. Kenilworth: The Crown Jewel of the North Shore
The approximate median home value is over $1,500,000.
Reasons for High Prices:
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- Kenilworth was established in the late 19th century as a planned community for wealthy people from Chicago. It has continued to be known for its wealth and exclusivity.
- Lakefront Location: Many homes have beautiful views of Lake Michigan and direct access to the beach.
- Chicago Proximity: Many high-income professionals find Chicago desirable because it is a short commute to downtown.
- Architectural Significance: Kenilworth features buildings designed by famous architects such as Howard Van Doren Shaw and David Adler.
2. Winnetka: Beautiful Living by the Lake
Approximate median home value: $1,400,000 or more
- Factors that contribute to high prices: One of the factors is the nationally ranked schools in Winnetka. The public schools in Winnetka are consistently ranked among the best in Illinois and the entire nation.
- Village Charm: The streets are lined with trees, the downtown area is quaint, and the village is close to the lake, which makes it a very desirable place to be.
- Diverse Housing: There is a variety of different types of homes available, including historic homes, grand estates, and modern builds. This provides options for luxury buyers with different preferences.
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3. Glencoe: A Place of Beauty and Sophistication
Approximate median home value: $1,300,000 or more.
Reasons for High Prices:
- Glencoe provides a calm and private getaway, while still being conveniently close to Chicago and the amenities of the lakefront.
- Glencoe schools have a reputation for providing a high-quality education and a supportive atmosphere.
- The village has beautiful natural features such as ravines, parks, and a shoreline along Lake Michigan.
4. Hinsdale: Suburban Sophistication
Approximate median home value: $1,000,000 or more
Reasons for high prices:
- Hinsdale is a great place to live because it combines suburban living with being close to downtown Chicago.
- Hinsdale offers a wide range of high-quality housing options, from old-fashioned mansions to contemporary luxury homes, to suit different preferences.
- Hinsdale’s schools have a strong reputation and are popular among families looking for high-quality education.
5. Lake Forest: A Legacy of Grandeur
The approximate median home value is over $900,000.
Reasons that cause prices to be high:
- Lake Forest has many old and important houses from the early 1900s.
- Prestigious Institutions: Lake Forest College and highly ranked private schools are located here.
- Natural Amenities: The property has a large area of land, is close to Lake Michigan, and has easy access to parks and nature preserves.
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