Check out the most expensive ZIP codes in Illinois

by Rincey Abraham

Chicago suburbs continue to top PropertyShark’s list of most expensive ZIP codes in the state, according to a new report.

For the second year in a row, the 60043 ZIP code topped the list. The ZIP code, which includes the suburb of Kenilworth, had a median sale price of $1.29 million, up from last year’s median sales price of $1.21 million. The ZIP code of 60022, including Glencoe, moved up a spot on the ranking to No. 2 with a median price of $900,000, up from $882,500 last year. PropertyShark reports that the suburb is near a 1,200-acre swath of Cook County Forest Preserve, as well as three golf courses.

Jumping from No. 7 to No. 3 is Golf’s 60029, which saw one of the biggest gains in median sale price, jumping from $687,500 to $812,500.

The city of Chicago made up 31 percent of the top 50, with 18 ZIP codes making the list. The top-rated Chicago ZIP code is 60614, which rose from No. 17 last year to No. 13. The Lincoln Park neighborhood had a median sale price of $500,000, up from $457,500 last year.

Following closely behind is the 60603 in the Loop, which fell in the ranks from No. 6 last year to No. 14 this year. The ZIP code saw one of the highest declines in median sale price, going from $702,500 in 2016 to $495,000 in 2017.

Hinsdale had the highest-ranked DuPage County ZIP code, dropping one spot to No. 5 on the list with a median sale price of $765,000, slightly down from $785,000 last year. The highest-ranked Lake County ZIP code, 60045, came in just behind at No. 6. The area had a median sales price of $644,000 last year, which is down from $720,000 last year.

The highest-ranked newcomer to the list is the 60048 ZIP code at No. 27. The area includes the town of Libertyville and had a median sale price of $400,000.

What was the most expensive residential transaction in 2017?

PropertyShark also included the most expensive sales recorded last year, which was the $12 million sale of 1547 N. Dearborn Parkway in Chicago. Located in the 60610 ZIP code, the 12-bedroom property was purchased by the Latin School of Chicago, which uses it for administrative purchases.

“Sold by philanthropist Ann Lurie after spending four years off and on the market, the 1891-built Gold Coast home sits on one of the most generously sized Gold Coast lots and boasts amenities that include a six-car garage, a sunroom, in-home elevator, a library, nine fireplaces and original millwork and stained glass,” PropertyShark reports.

What was the most expensive residential transaction in Chicagoland last year? The top four floors of 9 W. Walton Ave. for $58.8 million. The space was purchased by Illinois’ richest man, Ken Griffin, and the sale was the most expensive home purchase in history.