Category Neighborhoods & Suburbs

Of the 324 two-to-six-flat parcels that left the class in Irving Park, on Chicago’s Northwest Side, since 2006, 264 are now classed as single-family houses, the sixth-most of any Chicago community area, after North Center, Lake View, West Town, Lincoln Park and Logan Square. The tax rolls counted 3,342 two-to-six-flats there in 2006 and 3,172 in 2026, and 154 other parcels joined the class. The median house sold for $670,900 in 2025, up 49 percent from $450,000 in 2019.

The median house in Hyde Park, on Chicago’s South Side, sold for $699,000 in 2025, up 17 percent from $600,000 in 2019, the second-smallest rise among the 70 community areas with enough house sales to compare, after the Near West Side. Citywide the median house rose 39 percent. Condominiums are most of what sells here: 214 of the 263 home sales in 2025, at a median of $230,000.

Rogers Park, at the northeast corner of Chicago, recorded seven new-construction permits in 2024–25, down from 25 in 2018–19, a 72 percent drop, the second-steepest of the 42 areas with at least 20 permits in the earlier period, after O’Hare. Condominiums are most of what sells: 357 of the 442 home sales in 2025. Their median price was $226,000, up 46 percent from $155,000 in 2019, the eighth-largest rise among the 37 areas with enough condominium sales to compare.

The median two-to-six-flat in Uptown, on Chicago’s Far North Side, sold for $1,230,000 in 2025, 1.91 times the $645,500 of 2019. That is the 14th-largest rise of the 46 areas with enough sales to compare, and the one market signal of the five in our analysis that is active here. Companies bought 6.6 percent of all homes sold in 2024–25, down from 15.5 percent in 2018–19, the fourth-largest drop in the city.

Companies bought 8.4 percent of the homes sold in Edgewater, on Chicago’s Far North Side, in 2024–25, down from 20.4 percent in 2018–19, the third-largest drop of the 75 areas measured, after the Loop and the Near North Side. Condominiums were 558 of the 652 home sales in 2025, and their median price rose 25 percent from 2019, from $188,190 to $235,000.

More condominiums sold on the Near North Side in 2025 than in any other Chicago community area, 1,836 of the 1,926 home sales there, at a median price of $375,000, up 25 percent from 2019. Companies bought 8.6 percent of the homes sold in 2024–25, down from 21.6 percent in 2018–19, the second-largest drop of the 75 areas measured, after the Loop.

West Town lost more two-to-six-flats than any other Chicago community area over twenty years: the tax rolls counted 6,524 in 2006 and 5,416 in 2026, 1,108 fewer. Of the 1,347 that left the class, 647 are now classed as single-family houses and 530 as condominiums, the most of any area, while 239 other parcels joined it, the second-most after Humboldt Park. New-construction permits fell from 285 in 2018–19 to 152 in 2024–25.

Lincoln Park’s tax rolls counted 2,503 two-to-six-flats in 2006 and 1,639 in 2026, 35 percent fewer, the steepest drop among the 50 community areas that had 500 or more in 2006. Of the 940 that left the class, 607 are now classed as single-family houses and 230 as condominiums, while 76 other parcels joined it. Owners of 48.5 of every 100 houses appealed their assessments to the Board of Review for tax year 2025, the highest rate of any community area and nearly three times the citywide rate.

Of the 3,238 two-to-six-flats on North Center’s tax rolls in 2006, 918 are now classed as single-family houses, more than in any other Chicago community area and 28 percent of the 2006 count, also the highest share. The rolls show 2,225 two-to-six-flats in 2026, 31 percent fewer than in 2006. North Center’s median house sold for $1,622,500 in 2025, the highest of the 72 community areas with 20 or more house sales.