Chicago Real Estate | NEIGHBORHOODS

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Ukrainian Village

Ukrainian Village is one of the most charming areas west of the city and recently honored as “hottest neighborhood in the country”. Many people will be surprised to see how much the neighborhood resembles a European town.

Tree-lined streets, overflowing flower boxes and neighbors hanging out in small groups on their stoops are all characteristics of this old world community. Ukrainian Village takes great pride in aesthetics – streets are clean, lawns and backyards are well-kept, and the buildings themselves greatly reflect the neighborhood’s history.

When it comes to real estate, you’ll find a blend of single-family houses, large apartment buildings, two and three-flats, and small cottages here in Ukrainian Village. Many of the homes in this area were designed and constructed by William D. Kerfoot, one of the first developers to flourish after the Great Chicago Fire of 1871. And while Kerfoot’s intricate Victorian-style homes are normally passed down through family generations (and nearly impossible to get your hands on) the remaining real estate is just as desirable; classic, red brick cottages boasting the oh-so-rare beautiful backyard. There are quite a few newer houses as well, many modeled after the quaint, historical vibe of the neighborhood.

Prices spiked in Ukrainian Village shortly after the ‘hottest neighborhood’ honor. But things have settled down just a bit and there are reasonably priced houses and condos to be found. Generally speaking, the average sale price for a two-bedroom condo in Ukrainian Village is around $335,000. If you’re in the market for a little more real estate — perhaps a single-family home — you’re looking at a wide range of prices. A 3 bedroom home might start at $600,000 and many homes are now selling in the $900 to $1.2M mark.

For information on real estate close to Ukrainian Village see these links below

West Loop | Humboldt Park | Wicker Park | The Little Italy & University Village


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Real Estate Market Stats

Zillow Home Value Index: $499,500

Home Size in Square Feet

Year Built

Local National
Zillow Home Value Index $499,500 $248,900
Median Single Family Home Value $722,500 $247,200
Median Condo Value $443,300 $269,800
Median 2-Bedroom Home Value $400,700 $184,800
Median 3-Bedroom Home Value $538,300 $228,900
Median 4-Bedroom Home Value $793,800 $348,000
Percent Homes Decreasing 44 2,060,675
Median List Price Per Sq Ft $317 $298
Median Sale Price 44 250,000
Property Tax 44 2,060,675
Turnover (Sold Within Last Yr.) 44 2,060,675
1-Yr. Change 2.5% 4.1%