Old Town is a historic neighborhood just north of downtown Chicago, centered on Wells Street and North Avenue. Its core runs from Division Street north to North Avenue, between Clark Street and Larrabee Street, and the Old Town Triangle, its oldest section, sits just north of North Avenue between Clark Street and the old path of Ogden Avenue. It's in the 60610 and 60614 zip codes. Old Town is known for its 19th-century cottages and rowhouses, The Second City, the Old Town Art Fair, and walkable access to Lincoln Park, the lakefront and the Gold Coast.
Our team helps buyers and sellers in Old Town and across the Near North Side. This page pulls together current market numbers, how Old Town compares with nearby neighborhoods, and live listings.
Updated October 2026. Source: MRED closed sales, October 2025 to October 2026, Division Street to North Avenue.
Median sale price, all homes | $612,500 |
Median condo price | $555,000 |
Median 1-bedroom condo | $299,900 |
Median 2-bedroom condo | $540,000 |
Median 3-bedroom condo | $772,500 |
Median townhouse price | $975,000 |
Median single-family price | $1,405,000 |
Median monthly condo assessment | $577 |
Homes sold, past 12 months | 140 |
Median time to go under contract | 8 days |
Condos made up about 80% of Old Town sales, followed by townhouses, a larger share than in most neighborhoods we track. Single-family homes are scarce, with 10 sales in the past year, and 24 homes sold for $1 million or more. These numbers don't include the Old Town Triangle north of North Avenue, which the MLS groups separately.
Old Town's condos split between elevator buildings along Wells, LaSalle, Orleans and Division and smaller walk-up and boutique buildings on the side streets. Monthly assessments are the easiest way to see the difference.
Assessment under $550 a month | Assessment $550 a month or more | |
|---|---|---|
Typical building | Two-flat conversions, walk-ups and boutique buildings on Hudson, Mohawk, Cleveland and Wieland | Mid-rise and high-rise elevator buildings on Wells, LaSalle, Orleans and Division |
Median condo price | $603,000 | $510,000 |
Median 2-bedroom condo | $575,000 | $527,500 |
Median monthly assessment | $353 | $690 |
Condos sold, past 12 months | 54 | 59 |
Source: MRED closed sales, October 2025 to October 2026.
What the numbers show: a two-bedroom in a smaller building sold for about $50,000 more than one in an elevator building, but carried an assessment about half as high. Elevator buildings often include doormen, parking, fitness rooms and heat in the assessment, so compare what's covered, not just the monthly number.
Old Town | Lincoln Park | Lakeview | |
|---|---|---|---|
Median sale price, all homes | $612,500 | $825,000 | $580,000 |
Median condo price | $555,000 | $660,000 | $485,000 |
Median 2-bedroom condo | $540,000 | $607,500 | $490,000 |
Median single-family price | $1,405,000 | $2,587,500 | $1,900,000 |
Source: MRED closed sales, October 2025 to October 2026. See our Lincoln Park and Lakeview pages for their full numbers.
A two-bedroom condo in Old Town sold for about $65,000 less than in Lincoln Park, just north, and about $50,000 more than in Lakeview. Old Town's single-family homes are mostly smaller historic houses on narrow lots, which is why their median sits well below Lincoln Park's.
Condos range from one-bedrooms in high-rises near Division and LaSalle to three-bedroom duplexes and penthouses in smaller buildings on Hudson, Mohawk and Cleveland. Townhouses, many in three-story rows on Scott, Goethe, Cleveland and Wieland, sold for a median of $975,000. Single-family homes, from 19th-century brick and frame houses to larger newer homes, sold for a median of $1,405,000, with the largest topping $3 million.
German immigrants settled the area north of North Avenue in the 1850s and farmed it, earning it the nickname "the Cabbage Patch." St. Michael's Church, built by those settlers, was one of only a handful of buildings in the area to survive the Great Chicago Fire of 1871. The name "Old Town" came into use after the Old Town Triangle Association formed in 1948. The Old Town Triangle District was designated a Chicago Landmark district in 1977 and listed on the National Register of Historic Places in 1984.
Wells Street is the neighborhood's main street, lined with restaurants, bars and shops, and home to The Second City comedy theater. The Old Town School of Folk Music started on North Avenue in 1957 before moving north, and the Old Town Art Fair fills the Triangle's streets each June. The Chicago History Museum, Lincoln Park and the lakefront are a short walk east and north.
The CTA Brown Line stops at Sedgwick, in the middle of the neighborhood, and Purple Line express trains stop there during rush hours. The Red Line stops at Clark/Division on the southeast corner and at North/Clybourn just to the west. Buses run along Clark, LaSalle, North Avenue, Division and Sedgwick, and Lake Shore Drive is a few minutes east.
What are the boundaries of Old Town? Old Town has no official boundaries. Its core is generally Division Street to North Avenue between Clark and Larrabee, and the Old Town Triangle is just north of North Avenue between Clark Street and the old path of Ogden Avenue.
What zip code is Old Town? 60610 and 60614.
How much does a home cost in Old Town? Over the past 12 months the median sale price was $612,500 across all property types: $555,000 for a condo, $975,000 for a townhouse and $1,405,000 for a single-family home.
Is Old Town part of Lincoln Park? Partly. The Old Town Triangle is in the Lincoln Park community area, while the blocks south of North Avenue are in the Near North Side community area.
Which L stations serve Old Town? Sedgwick on the Brown and Purple Lines, and Clark/Division and North/Clybourn on the Red Line.
A high-rise one-bedroom near Division, a duplex on Hudson and a historic cottage near the Triangle are different markets with different buyers, and building finances matter as much as the unit in Old Town's elevator buildings. The Camille Canales Group helps buyers compare buildings and compete in a market where homes go under contract in about a week, and helps sellers price and position their homes. First-time buyer? Start here. Thinking of selling? Get your home's value or call us at 773-377-9200.
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