Streeterville
Streeterville is older than its reputation suggests and more varied than its location implies. The neighborhood runs from the lakefront west toward Michigan Avenue, anchored at its southern end by Northwestern Memorial Hospital and a dense institutional presence that gives it a different daytime energy than purely residential neighborhoods. Along its northern edge, East Lake Shore Drive functions as its own distinct corridor — a stretch of pre-war architecture and deeply private co-op buildings that set the tone for what the Gold Coast becomes just north. Within that full range, the building stock spans decades — older lakefront highrises with floor plans you won't find in newer construction alongside more recent development that draws a different buyer entirely. Streeterville has long functioned as an entry point to the lakefront market for buyers who want the address without the New Eastside price point, and as a meaningful upper-end market for buyers who've decided the lake view is non-negotiable and have the budget to act on it.
Data current through Q3 2026 — updated quarterlyWhat this neighborhood is made of
Streeterville's 64 tracked complexes are mostly highrises (52), with 10 midrises and 2 townhome communities. The towers range widely, from Lake Point Tower and River East Center to 850 Lake Shore Drive. At the northern edge, East Lake Shore Drive's pre-war buildings and co-ops form their own corridor, with a different character than the newer towers to the south and a pricing pattern of their own.
Over the past two years, 1,507 homes sold here. One-bedrooms lead at 37%, followed by two-bedrooms at 31% and three-bedrooms at 19%. Studios make up 10% of sales, more than double downtown's overall share. Two-bedrooms are a smaller slice here than in most neighborhoods because true two-bedrooms are relatively scarce, which tends to work in sellers' favor at that size and leaves buyers with fewer options to choose from.
Sales in this neighborhood include a significant number of cooperative apartments (co-ops). Because co-op ownership has different monthly cost and pricing characteristics, co-ops are included in the Unit Mix and Market Activity but excluded from Monthly Cost to Own and Price Positioning.
↑ Back to topWhat you're writing a check for every month
| Unit size | Streeterville | Downtown | ↑/↓ |
|---|---|---|---|
| Studio | $1,910 | $1,940 | ↓ $30 |
| 1BR | $2,866 | $2,860 | ↑ $6 |
| 2BR | $5,797 | $4,535 | ↑ $1,261 |
| 3BR | $10,078 | $8,793 | ↑ $1,285 |
| 4BR+ | $15,290 | $13,369 | ↑ $1,921 |
Streeterville's smaller homes cost about what they do across all of downtown: a studio runs about $1,910 a month and a one-bedroom about $2,866, both essentially at the downtown-wide figure. Larger homes cost more: about $5,797 for a two-bedroom and $10,078 for a three-bedroom, each roughly $1,260 to $1,290 above, and about $15,290 for a four-bedroom-plus. Buyers at the larger sizes are paying for full-service towers near the lake, some iconic; sellers there are pricing to that same expectation.
Over the past year, two- and three-bedroom costs rose the most, about $983 and $1,481 a month, because prices at those sizes climbed along with mortgage interest rates (7.60% here, up from 6.36% the prior period). Studios and one-bedrooms rose only about $154 and $98, and four-bedroom-plus about $139. Most of these deals were agreed before rates climbed in September, so the effect of higher rates on what buyers will pay isn't in these figures yet.
What's selling and how Streeterville compares
| Unit size | #Sold | Share of Downtown |
|---|---|---|
| Studio | 148 | 38% |
| 1BR | 560 | 18% |
| 2BR | 470 | 13% |
| 3BR | 284 | 20% |
| 4BR+ | 45 | 19% |
| All units | 1,507 | 17% |
Streeterville accounted for 1,507 of the 8,631 sales across all of downtown over the past two years, 17.5% of the total, about level with the last update. It's the studio market for all of downtown: 148 studio sales, more than a third of the downtown-wide total. It also carries about one in five three- and four-bedroom-plus sales downtown-wide. Sales closed from July through September were down about 3% from the same months in 2025, roughly steady.
Streeterville is the one neighborhood where sellers lost a little ground. Over the past year, 35% of homes sold at or above asking, down from 38% the prior period, while the other six neighborhoods moved the other way. For buyers, that means more room to negotiate here than anywhere else in all of downtown. For sellers, it means pricing carefully matters, since roughly two of every three sales closed below asking.
What's happening with values here
Streeterville's price per square foot is $387.50, essentially identical to the $386 downtown-wide median. That matches the figure at the last update exactly, and it's up from $370 the prior period, about 4.6%. In the same buildings, values rose about 3%, so most of the gain reflects the same homes becoming worth more rather than pricier homes selling. For buyers and sellers, Streeterville is priced right at the center of all of downtown.
Median Sale Price by unit size
| Unit size | Median Sale Price | vs. Downtown | Price Growth |
|---|---|---|---|
| Studio | $199,500 | → | ↑ 0.8% |
| 1BR | $291,500 | ↓ 4% | ↓ 8.0% |
| 2BR | $650,000 | ↑ 30% | ↑ 16.9% |
| 3BR | $1,137,500 | ↑ 15% | ↑ 13.5% |
| 4BR+ | $1,655,000 | ↑ 7% | ↓ 8.1% |
Two-bedrooms rose 16.9% to $650,000. About 5 points of that is the same homes becoming worth more; the rest reflects more two-bedroom sales at 850 Lake Shore Drive, one of the neighborhood's pricier buildings. One-bedrooms show the reverse: the median eased 8.0% to $291,500 because 850 Lake Shore Drive went from about one in five one-bedroom sales to fewer than one in ten, while same-building values edged up. Three-bedrooms rose 13.5% to $1,137,500, mostly real gains. Four-bedroom-plus fell 8.1% to $1,655,000 because smaller homes sold.
What this data can't tell you
Everything above is aggregate data, and aggregate data has a ceiling. It can tell you where Streeterville sits relative to the rest of downtown, how its pricing has moved, what carrying costs look like across the building stock. It cannot tell you whether a specific building is well-governed, whether its reserves are adequate, whether its amenity spend is efficient, or whether a particular floor plan holds value the way the building's median suggests it should.
Those questions don't resolve at the neighborhood level. They resolve at the building level — and in some cases, only in conversation.