Lakewood-Balmoral

Overview

Lakewood-Balmoral is not only a Chicago community, but is a neighborhood listed in the National Register of Historic Places. The entire neighborhood spans just 63 acres, and real estate consists almost entirely of brick homes in varying styles that were popular in the early 1900s, such as Flemish, Gothic, and Queen Anne.
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Quick Facts

  • Current Prices:$675,000 to $1,599,000
  • Closed Prices:$437,500 to $1,550,000
  • Median Sale Price:$971,000
  • Average $ per sq ft:$320
  • Association Fee Ranges:$188/mo,$0
(based on data from the last 12 months)
  • Type:Attached Home (Condo, Townhouse, Loft, etc.), Single Family Home
  • Age:1876 to 2016
  • Sq. Ft.:900 to 6,000Sq. Ft.
  • Bedrooms:1 to 7Bedrooms
  • Bathrooms:1 to 4Bathrooms
  • Lot Sizes:less than 1/8 - 1 acres

Homes

Lakewood-balmoral offers a wide array of housing designs suitable for any buyer. Most common in this neighborhood are single-family homes. Property taxes for the year range from as low as $5,894 to as high as $17,418. It is typical for the homes in the community to have finished basements. Averaging around about a quarter acre, the homesites in the area offer enough space for everyone. Residents typically find convenient and private parking off-alley or in their garage.

Where to Live

The Lakewood-Balmoral neighborhood is bordered by Foster, Bryn Mawr, Wayne, and Magnolia. While the neighborhood is quite small, it runs along several major streets. Regardless of where you live, you are within walking distance to the Red Line and several major bus routes. The lake is also within 10 or 15 minutes walking distance.

Where to Eat

Lakewood-Balmoral is almost entirely residential, but is bordered by the Andersonville, Edgewater, and Uptown neighborhoods, each of which has an endless selection of restaurants to choose from. Most dining in Uptown is casual, and Uptown is home to the Little Saigon restaurant area featuring Vietnamese, Chinese, and Thai cuisine. Andersonville and Edgewater have many chain restaurants, as well as a multitude of mid to high-end restaurants that require reservations. In both, you will find culinary selections from around the globe.

What You'll See

When the homes in Lakewood-Balmoral were built, it was as a middle class alternative to the high-end homes along nearby Sheridan Avenue. However, in today's real estate market, these same homes are now considered quite spacious for Chicago real estate. While some homes are close together, the front and back yards are large. The neighborhood is perfect for those with families and for those starting a family. You will also find that people choose to stay in the neighborhood to retire, and even singles or couples who like to entertain call Lakewood-Balmoral home.

Friday Night Fun

Walk, drive or take the bus or train over to Edgewater, Andersonville, or Uptown for everything from theater, live music, comedy, or live jazz at the legendary Green Mill. There are many casual and fine dining restaurants to choose from, and many bars and restaurants that are open late.

The Perfect Sunday

There are plenty of bakeries and brunch spots in the neighborhood. Andersonville has tons of locally owned shops if you need to get some shopping done. You can walk over to the popular Foster beach, and even take the dog to one of the few dog beach along the lakefront. Both the park and nearby schools have many outdoor play areas for the kids.

Schools

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1 Schools
GreatSchools Rating & School NameSchool FactsParent Ratings
  • Dist 299
  • Public
  • Grades PK-8
  • 976 Students
(28 Reviews)
GreatSchools

Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

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