top of page

River North Neighborhood Summary

Updated: Feb 16, 2022

Neighborhood Report

Cost of Living: High

Public Transit: Excellent

Nightlife: Excellent

Restaurants: Excellent

 

River North is the most robust and high-energy Downtown Chicago neighborhood today. River North came to be because Chicago real estate developer Albert Friedman started to buy up, restore and build commercial property within the neighborhood in 1974. Since then, River North has become known for its concentration of high-profile office space and wonderful high-rise living. River North is also home to a large number of popular restaurants, bars and clubs which people from around the world come to visit.


The population of this Downtown Chicago neighborhood has increased significantly. In 2000, River North had a population of 9,835. By 2010 the population had climbed 82% to 17,892, and the amount of high-rise condos and apartments has increased significantly. In fact, these high-rise condos and apartments keep coming.


The highlight of River North is its high-energy atmosphere, significantly large restaurant selection, high-end living and easy access to the subway and bus transit systems. It’s the easiest Downtown Chicago neighborhood to not own a car in and likely the most fun as a young professional without a family.

 

Location

River North is located north of the Chicago River and north of the Loop, which is another name for Chicago's central business district or downtown Chicago. A great positive about moving to the River North neighborhood is that it is the closest you can get to downtown Chicago without being in the Loop. Additionally, there is a tremendous amount of bus routes and two subway lines (Brown Line and Red Line) that run through it, so owning a car is not necessary.

 

Cost of Living

As with Streeterville, due to River North’s close proximity to downtown Chicago, the cost of living increase significantly relative to the more northern neighborhoods such as Lincoln Park or Lakeview. Rents typically range from $1,500 all the way up to $5,000 per month depending on the size, location and the level of luxury of the apartment building. Condos range from $300,000 to $1,000,000+ depending on your needs. Parking is relatively steep too, ranging from $150 to upwards of $400 per month. It’s easy to see that River North is not the cheapest place to live, but what you’re paying for is convenience and closeness to downtown Chicago. This is the ideal place to move if you do not own a car and want to be close to downtown Chicago.



176 views0 comments

Recent Posts

See All

South Loop Neighborhood Summary

Neighborhood Report Cost of Living: Above Average Public Transit: High Nightlife: Above Average Restaurants: High The South Loop neighborhood is a mix between beautiful private residences and high-ris

Loop Neighborhood Summary

Neighborhood Report Cost of Living: High Public Transit: Excellent Nightlife: Below Average Restaurants: Average The Loop neighborhood is essentially the Chicago Central Business District (CBD) and is

Gold Coast Neighborhood Summary

Neighborhood Report Cost of Living: High Public Transit: Excellent Nightlife: High Restaurants: Excellent The Gold Coast neighborhood is a mix between beautiful private residences and high-rise apartm

Comments


Commenting has been turned off.
bottom of page