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Cathedral District, Chicago Real Estate

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The Cathedral District is the new kid on the block as far as the downtown Chicago housing market is concerned. The area rose to prominence only in the late 1990s and early 2000s with the emergence of three luxury high-rises: The Fordham, The Pinnacle, and 55 East Erie Street.

It was the Fordham’s and The Pinnacle’s developer, Christopher Carley, who named the area the Cathedral District after the two stately churches found here, the Holy Name Cathedral and the St. James Cathedral.

While the neighborhood has no official boundaries, it is widely believed to encompass the area from Michigan Avenue to La Salle Street (east to west), and from Delaware Place to Ontario Street (north to south).

Only around four blocks wide, Cathedral District is a high-end enclave situated right in the heart of the Near North Side community area. It’s steps away from the equally affluent but bigger neighborhoods of Streeterville and the Gold Coast.

Though the residential area emerged only recently, it is no less historical than its neighbors. The Holy Name and St. James Cathedrals were built in the 1800s, though both were largely destroyed in the Great Chicago Fire. They were rebuilt after the fire and continue to be among Chicago’s top attractions to this day.

The area was the home of early Chicago stalwarts like the McCormick family, banker Samuel Nickerson, railway mogul Ransom R. Cable, and Chicago’s first mayor, William Butler Ogden. The Cable and Nickerson homes remain standing and are now among the city’s historic landmarks.

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Quick Facts

  • The median household income in this ZIP code is over 50% higher than the state of Illinois (as per 2013 data)
  • St. James Cathedral is also the seat of the Archdiocese of Chicago
  • Many of the activities in the Cathedral District revolve around the churches in the neighborhood
  • The cathedrals offer year-round choir concerts and the Children’s Art Fair during the summer
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Real Estate Options

The high-rise condos in the Cathedral District speak luxury all the way. The earliest developments were designed to complement the Gothic architecture of the landmark cathedrals, but incorporated modern features like tall glass windows, big balconies, state-of-the-art appliances, and luxurious finishes.

Later developments make use of more contemporary architectural styles, resulting in a neighborhood with highly contrasting architectural elements.

Cathedral district real estate is defined as luxury all the way. Originally targeted to baby boomers looking for a comfortable, low-maintenance residence, the luxury condos in the Cathedral District also offer amenities like movie theaters, large parking areas, and wine cellars, along with standard features like 24-hour concierge and security services, and exclusive swimming pools and fitness centers.

Condo sizes range from around 800 sq. ft. to more than 5,000 sq. ft.

NEAR NORTH PROPERTY VALUES

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Cathedral District Homes for Sale, Condos for Sale, Chicago Apartments and Chicago Rentals

 
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