By Ebonie Beaco – Mortgage Loan Originator, Home Loans Network (NMLS #2389954)**

Andersonville — located within western Edgewater and northern Uptown — is one of Chicago’s most distinctive and beloved neighborhoods. Known for its rich cultural heritage, walkability, eclectic small businesses, and strong sense of community, Andersonville attracts buyers, renters, and investors looking for a neighborhood that feels both vibrant and grounded.

This detailed guide delivers a full picture of the real estate landscape, lifestyle, demographics, rental trends, and financing considerations — written from the perspective of a local mortgage expert who serves homebuyers and investors throughout 60640 and 60660.

A Neighborhood Built on Culture, Community & Character

Andersonville began as a Swedish-American enclave, and that legacy still shapes its identity today. The Swedish American Museum, Scandinavian bakeries, and long-standing businesses preserve the neighborhood’s history, while an expanding mix of residents brings new energy, diversity, and creativity.

Clark Street forms the neighborhood’s heart — lined with independent boutiques, cafés, bookshops, vintage stores, restaurants, bakeries, and an unmistakable small-town feel in the middle of the city. Andersonville’s walkability, welcoming atmosphere, and close-knit community make it feel unique, even compared to other North Side neighborhoods.

Who Lives in Andersonville

The neighborhood’s population is an attractive mix of young professionals, creatives, entrepreneurs, long-time residents, families, and retirees. From studios to single-family homes, Andersonville’s housing stock supports a variety of lifestyles.

Key characteristics include:

• A diverse, multi-generational population
• A strong community-focused culture
• A renter-friendly environment balanced by long-term homeowners
• High education levels and stable employment
• A lively LGBTQ+ presence and progressive community identity

This blend creates stability for buyers, strong demand for investors, and a welcoming environment for renters.

Real Estate Overview: What Buyers Will Find in Andersonville

Andersonville’s housing market is known for its variety, charm, and solid long-term value. Homes include a mix of:

Condos & Walk-ups

Vintage courtyard buildings, renovated condos, and mid-rise buildings dominate the condo market. These homes are ideal for first-time buyers and professionals who want character and walkability.

Typical pricing ranges:

• Entry-level 1–2 bedroom condos: $180K–$325K+ depending on building age and condition
• Updated or larger units: Mid-$300Ks to $400Ks+
• Boutique or newer construction condos: Higher ranges depending on finishes and amenities

HOA fees vary widely — from modest assessments in smaller walk-ups to higher monthly costs in full-service high-rises with amenities.

Single-Family Homes & Multi-Units

West of Clark Street and along quieter tree-lined blocks, buyers find:

• Single-family homes (often $500K and up)
• Two- to four-flat buildings popular for house hacking or rental income
• Vintage rowhouses with historic architectural details

These properties appeal to move-up buyers, families, and long-term investors who want to build equity in one of Chicago’s most stable neighborhoods.

Rental Trends: A Strong Market for Landlords & Investors

Andersonville maintains a high renter base, making it highly attractive for investors:

• Average rents: approx. $1,900–$2,000+ per month
• Studios: $1,500+
• One-bedrooms: $1,800–$2,000+
• Two-bedrooms: $2,600–$2,800+ depending on finish and size
• Larger units command premium rents due to location and neighborhood demand

With its proximity to transit, shopping, nightlife, and the lakefront, renters tend to stay longer, minimizing vacancy rates.

Investment Potential & Market Stability

Andersonville attracts investors for several reasons:

1. High Renter Demand

Over half the neighborhood rents, creating a stable tenant base.

2. Solid Rent-to-Price Ratios

Given strong rents and moderate purchase prices, investors often see sustainable cash flow, particularly in multi-units or updated rentals.

3. Mixed Housing Stock

Older two- to four-flats offer value-add opportunities, while renovated units attract premium rents.

4. Strong Community Appeal

People choose Andersonville for the lifestyle — ensuring long-term stability in both property values and rental demand.

Lifestyle & Quality of Life

Andersonville offers something few neighborhoods can match — a warm, distinctive identity.

Residents enjoy:

• Walkable streets with indie shops, cafés, and boutiques
• Cultural landmarks, like the Swedish American Museum
• Strong community events, parades, summer street festivals
• Proximity to beaches, parks, and Lake Michigan
• Nightlife and dining with international cuisines, craft cocktail bars, bakeries, and locally owned restaurants

It feels like a small town — yet it’s just minutes from downtown Chicago.

Financial Snapshot You Should Know

• Average home value: approx. $560K
• Median sale price: approx. $593K
• Average rent: $1,900–$2,000+
• Homeownership: approx. 44%
• Renters: approx. 56%
• Typical household income: $70Ks–$80Ks
• Housing stock: condos, walk-ups, single-family homes, 2–4 flats, vintage buildings

For buyers, Andersonville offers an attractive middle ground between affordability, charm, and long-term value.
For investors, it offers stability, strong rental returns, and consistent demand.

Ready to Buy or Invest in Andersonville? Let’s Run the Numbers Together.

If you’re exploring homeownership, house hacking, or investing in Andersonville (60640 / 60660), I’d love to walk you through your mortgage options — including low-down-payment programs, conventional loans, FHA, DPA, investment financing, and multi-unit loans.

Contact Your Local Mortgage Expert:

Ebonie Beaco – NMLS #2389954
Home Loans Network – Powered by Morty
📞 312-392-0664
📅 Book your 1-on-1

Let’s explore your options, compare monthly payment scenarios, and position you to buy confidently in one of Chicago’s most vibrant, desirable neighborhoods.