Today is Election Day in Chicago. Polls are open until 7 tonight, and in this city housing is on the ballot whether or not it is printed there — a property tax bill already decided one election here this year. The quiet side of this market, the part this article is about, still runs on public rules: assessments, tax levies, recording offices, zoning boards. The people chosen today run those. However you vote: vote. Then let me tell you about the part of the market that never makes the news.
In October 2025, a seven-bedroom house in Lincoln Park sold for $4.5 million — 7,000 square feet of brick and limestone on a 33-foot lot, built in 2010. The Chicago Tribune reported the price, the home's history, and even the seller. GoHealth cofounder Brandon Cruz and his wife, Catherine, had bought the house in 2012 for $3.65 million; they first listed it at $5 million in 2024 and relisted it at $4.85 mil...
How property taxes, the Cook County assessor race, and the Illinois governor's race are shaping Chicago real estate in 2026
By Danny Leung, Baird & Warner — Lincoln Park, Chicago
The short answer: In Chicago, the elections that move your housing costs are local. Cook County Assessor Fritz Kaegi lost the March 2026 primary to Pat Hynes after the median Chicago homeowner's tax bill jumped 16.7% following reassessment — the clearest case in the country this year of housing costs deciding an election. On November 3, the Illinois governor's race (a property-tax-cap fight) and Pritzker's statewide zoning plan are what's actually on the line for Chicago homeowners; the mayor is not on this ballot (that's February 2027). Nationally, elections barely move prices — in Chicago, underwrite the tax bill, not just the mortgage. The market underneath makes the squeeze tighter: city inventory has fallen 26.3% in a year (Illinois REALTORS/MRED), nearly half of Chicago homes sol...
You'll find some legendary coffee shops and roasteries in Chicagoland's unique neighborhoods. But suburban coffee options often don't get the credit they deserve compared to the world-class cafes in the city proper. Let's change that with a closer look at some North Shore gems.
Let our real estate agents be your guides to the best coffee in Highland Park, Winnetka, and Wilmette.
By Danny Leung, Baird & Warner — Lincoln Park, Chicago
I work two markets — Chicago and Washington, DC — and this fall they are telling opposite stories. In DC, condos are sitting: nearly five months of supply, sellers negotiating, prices soft at the entry level. In Chicago, condos are doing the opposite. If you own a Chicago condo, this is your market. If you're trying to buy one, bring your best offer and a sharp pencil for the building's finances.
What the numbers say
Prices are up, supply is down. Chicago condo median sale price hit $420,000 in August, up 8.2% year over year (Illinois REALTORS® / MRED). The MLS's own September tracker (Infosparks) puts the city condo median at $406,000, up 6.8%, with just 1.9 months of supply — down more than 20% from a year ago — and a median market time of only 15 day...
Ever wondered what's behind the doors of some of Chicago's most interesting buildings? You'll have a chance to find out Oct. 17-18, 2026, when Open House Chicago returns for a weekend of free tours and a chance to visit places you might otherwise never get to see.
Organized by the Chicago Architecture Center, Open House Chicago features more than 200 sites across 30 neighborhoods. Some of these buildings have been around for more than a century. Others have been restored or recently found an entirely new purpose. Our real estate agents have six suggestions for places to explore during the weekend.