Ravenswood

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

Ravenswood — located within the broader Lincoln Square community area — is one of Chicago’s most inviting, architecturally rich, and transit-friendly North Side neighborhoods. Known for its leafy residential streets, beautifully restored vintage homes, quiet charm, and easy access to both the CTA and Metra, Ravenswood offers a rare combination of tranquility, convenience, and strong long-term real estate value.

Serving both 60625 and 60640, Ravenswood appeals to homebuyers who want a peaceful, tree-lined neighborhood with character, walkability, and excellent access to nearby commercial corridors like Lincoln Avenue, Damen Avenue, and Clark Street.

Below is your complete, mortgage-focused real estate and lifestyle guide to Ravenswood.

A Neighborhood Known for Vintage Charm, Transit Access & Community Feel

Ravenswood stands out for its quiet elegance and timeless architecture. Originally developed as one of Chicago’s first “suburbs” in the late 1800s, it remains defined by:

• Beautiful tree canopy and wide residential streets
• Vintage homes, historic greystones & large multi-flats
• Craft breweries, local restaurants & boutique shops
• Ravenswood Metra Line (UP-N) — a major transportation advantage
• Walkability to Lincoln Square, Andersonville & North Center
• Strong community involvement and family-friendly atmosphere

It’s a neighborhood that manages to feel both historic and modern, peaceful yet connected.

Who Lives in Ravenswood

Ravenswood attracts a diverse and stable resident base, including:

• Professionals and commuters who use the Metra
• Families drawn to parks, schools, and larger homes
• Young couples and first-time buyers upgrading from condos
• Long-time residents who value the quiet, residential environment
• Renters who appreciate spacious layouts and vintage charm
• Investors attracted to the strong rental market

The community is welcoming, calm, and beautifully maintained — one of the North Side’s most desirable areas to put down roots.

Real Estate Overview: What Buyers Will Find in Ravenswood (60625 • 60640)

Ravenswood offers one of the richest and most varied real estate landscapes on Chicago’s North Side.

Single-Family Homes

Single-family homes in Ravenswood are highly sought-after and often feature historic architecture and generous floor plans.

Common home styles include:

• Classic Chicago greystones
• Brick two-story homes
• Victorian-style residences
• Restored cottages and farmhouses
• Bungalows and frame homes
• Modern new-construction builds

Typical pricing:

• $750K–$1.4M+ for most renovated homes
• $1.5M–$2.3M+ for larger luxury or new-construction properties

These homes attract families, professionals, and long-term residents looking for classic charm and spacious living.

Two- to Four-Flats

Ravenswood has one of the strongest multi-unit markets on the North Side.

Benefits include:

• Excellent rent-to-purchase ratios
• Larger vintage unit layouts
• High tenant retention
• Ideal for house hacking
• Stable long-term value

Typical pricing:

• $650K–$1.1M+ depending on renovation level and location

Investors and owner-occupants love Ravenswood for its dependable rental demand and accessible price points.

Condos

Condos in Ravenswood are perfect for first-time buyers or downsizers who want charm and walkability.

Types of buildings include:

• Vintage courtyard condos
• Brick walk-ups
• Boutique low-rise buildings
• Modern conversions

Approximate pricing:

• 1-bedroom condos: ~$200K–$300K+
• 2-bedroom condos: ~$275K–$400K+
• 3-bedroom condos: ~$400K–$600K+
• Newer construction units: higher depending on finishes

Condos here offer excellent value compared to nearby Lakeview or Andersonville.

Rental Market: Stable, Affordable & High Demand

Ravenswood has a consistently strong rental market thanks to its:

• Vintage building stock
• Larger layouts
• Quiet residential feel
• Proximity to Metra and CTA
• Walkability to Lincoln Square, Andersonville & North Center

Approximate rents:

• 1-bedrooms: ~$1,500–$1,900+
• 2-bedrooms: ~$1,900–$2,400+
• 3-bedrooms: ~$2,400–$3,100+
• Single-family homes: ~$3,500–$5,500+

Renters often stay long-term due to the neighborhood’s comfort and convenience.

Investment Outlook: A Quiet Powerhouse for Long-Term Growth

Ravenswood is one of the most consistently strong real estate markets in Chicago due to:

1. Transit Access — a major value driver

The Ravenswood Metra station provides fast access to downtown and the North Shore.

2. Classic architecture

Vintage multi-units and greystones maintain high value.

3. Proximity to top neighborhoods

Lincoln Square, Andersonville, and North Center boost demand.

4. Strong appreciation trends

Limited supply + high desirability keeps prices growing.

5. Excellent rental stability

Tenants stay longer than average due to comfort and convenience.

6. Strong market for house hackers

2–3 flats perform well financially for owner-occupants.

Overall, Ravenswood is ideal for buyers seeking long-term stability and meaningful appreciation.

Lifestyle: What It’s Like to Live in Ravenswood

Daily life in Ravenswood is relaxed, walkable, and community-oriented. Residents enjoy:

• Beautiful tree-lined streets perfect for walking or biking
• Close proximity to Lincoln Square’s boutique shops & restaurants
• Neighboring Andersonville’s vibrant Clark Street corridor
• Ravenswood Brewery & local craft beer scene
• Parks, gardens & peaceful residential pockets
• A friendly, neighborly environment with strong community pride
• Farmers markets, seasonal festivals & local events

Ravenswood offers a calm, charming lifestyle with access to some of the best amenities on the North Side.

Financial Snapshot at a Glance

• Single-family homes: ~$750K–$2.3M+
• Two- to four-flats: ~$650K–$1.1M+
• Condos: ~$200K–$600K+
• Average rents: ~$1,500–$5,500+
• Housing stock: Greystones, cottages, multi-units, condos, new builds
• Resident profile: Families, professionals, long-term owners, investors

Ravenswood remains one of Chicago’s most stable, beautiful, and value-rich neighborhoods — perfect for both living and long-term investing.

Ready to Buy or Invest in Ravenswood? Let's Build Your Mortgage Plan.

Whether you're shopping for a vintage greystone, a modern single-family home, or a multi-unit investment property, I can help you compare loan options, run payment scenarios, and structure a mortgage strategy tailored to your needs.

Contact Your Local Mortgage Expert:

Ebonie Beaco – NMLS #2389954
Home Loans Network – Powered by Morty
📞 312-392-0664

Let’s review your numbers, explore your financing options, and position you to buy confidently in one of Chicago’s most charming and architecturally rich neighborhoods.