The Cathedral District of Chicago is home to some of the most prestigious high-rise condos in the city.
The Cathedral District of Chicago is home to some of the most prestigious high-rise condos in the city. The region is bounded by LaSalle Street to the west, Ontario Street to the south, Delaware Place to the north, and Michigan Avenue to the east. The community measures an area of less than two square miles and is actually a part of the neighborhood. Cathedral District draws its name from the high density of churches in the area. These include Holy Name Cathedral, Fourth Presbyterian Church, and the iconic St. James Cathedral. The area came to popularity after the Great Chicago Fire, and today is one of the most prestigious communities within the city. Buyers interested in this area will find that Cathedral District homes for sale predominantly take the form of high-rise condos. These can be purchased at every price point beginning at affordable starter suites and extending to the high end of the luxury market.
Cathedral District was not always an upscale region made up of luxury high-rises. For many years, it was a downtrodden corridor in the city. However, in the late 1990s the scene started to change after the success garnered by a few key luxury condo developments. The Fordham, The Pinnacle, and 55 East Erie Street were three such complexes that started the movement. These complexes offered an unparalleled level of luxury. Onsite movie theaters, wine cellars, indoor pools, and cigar rooms were just a few of the amenities featured in these homes.
Today, Cathedral District homes for sale are some of the most exclusive properties on the Chicago real estate market. On the high end of the market, buyers will find penthouse suites like the ones in The Fordham and The Pinnacle that boast the finest in luxury living. For the most lavish properties in this market, buyers can expect to pay several million dollars.
Having said that, opportunities at every price bracket in the market are numerous here, and buyers will find that no matter what their budget is, it is possible to invest in a home here. On the low end of the market, Cathedral District condos sell for $100,000. As such, whether you’re a first-time home buyer looking for a modest apartment or you’re an affluent buyer looking to invest in luxury, you won’t be disappointed.
While buyers are exploring the Cathedral District real estate market, they will find that it is composed of a mixture of new and old construction. Some of the complexes are historic and reflect the Gothic style that was popular in the 19th century. Other complexes were constructed within the past decade as part of this neighborhood’s building revival and reflect the charms and styles of contemporary architecture.
Situated on the northern edge of River North and just south of the Gold Coast neighborhood, Cathedral District enjoys a fantastic location within the city. Residents can take a short walk south to visit one of the many spectacular restaurants in River North. Many of them have received awards for their exceptional culinary genius. For those looking for some after-hours fun, this neighborhood has an exceptional collection of bars, nightclubs, and cocktail lounges
The famous can also be found nearby. This affluent community is a popular shopping district. Specialty boutiques, upscale brand names, historic mansions, and Michelin-featured restaurants give this community an eclectic vibe. For residents of Cathedral District, it makes a great space to enjoy a fun afternoon of retail therapy. Gold Coast is also where residents will find the nearest beach along Lake Michigan’s beautiful shores.
And of course, Cathedral District is adjacent to Chicago’s famous Magnificent Mile. This section of Michigan Avenue is known to be an upscale shopping district. In fact, it is the largest in the city and is populated by dozens of retailers, restaurants, museums, and hotels. The street is also home to several Chicago landmarks. The Magnificent Mile is also a popular location for community events such as Walgreens’ Summer Concert Series and, through the holidays, the Lights Festival.
We will work hard to understand your selling goals, and we'll use our thorough knowledge of the Chicago real estate market to get you the best possible price. If you know your home is valuable and you want to make the most of your investment, you owe it to yourself to get the expert assistance of Magellan Realty.Contact Us