Around the 1940’s, architecturally significant buildings in some of Chicago’s finest neighborhoods began undergoing conversion into co-ops for many of the city’s leading families.
While many of these original co-ops still exist, the cooperative Chicago housing market is expanding. Not only are new co-ops sprouting up, but this type of housing has become more affordable, opening up opportunities for more residents.
Where Co-op Chicago Housing is
In Chicago, you will easily find co-op housing in the best parts of the city with the greatest views. Neighborhoods like Lakeview, Lincoln Park, Gold Coast, and Hyde Park boast incredible pre-War and Art Deco cooperative buildings.
Cooperative Communities of Chicago offers a fantastic resource for anyone looking to learn more or find a co-op property in the city for themselves. Not only does this co-op hub offer insight and advice to prospective buyers, but it also provides a directory of currently available co-op listings in the Chicago area.
New Co-op Opportunities on the Market
Historically, co-op housing flourished on the north side of Chicago. However, the tides are changing, and Qumbya Housing Cooperative is bringing co-ops to the Bronzeville neighborhood. This cooperative offers four buildings with 70 units. In
Logan Square has also seen various co-ops recently pop up on the market. The Ema Goldman Cooperative offers beautiful multi-family living quarters in a unique 1920’s era flat. Check out the available unit with three bedrooms, two-baths
The Pilsen Housing Cooperative is a fresh project opening up multi-building co-op housing on the lower west side of Chicago.This cooperative is the first limited-equity housing cooperative in the Pisen neighborhood.
Co-ops with Unique Amenities
If you are looking for all the bells and whistles, 1500 North Lake Shore Drive, situated in Gold Coast, offers one of Chicago’s most exclusive cooperative housing. The stunning building boasts enormous units, incredible views of Lake Michigan, and uniformed staffers to fetch residents’ cars
3750 North Lake Shore Drive offers expansive floor plans inside a beautiful neoclassical building right next to the Belmont harbor. The vintage pool remains a favorite amenity among guests.
Over in Hyde Park, Powhatan Apartments offer the premier cooperative on the south side. Along with the impressive architecture and interior deco, the building provides residents with staffed elevators, an indoor pool, rooftop deck, and large ballroom.
For house hunters desiring environmentally sustainable living, check out HUB Housing Cooperative in Chicago’s Little Village neighborhood. This six-unit apartment building, with two units currently available, offers residents a large storage space for bicycles, compost recycling, and community sustainable agriculture.
Regardless of which type of co-op you are looking for, the Chicago cooperative housing market offers a wide variety of properties all throughout the city.
Contact an experienced real estate expert today to help find the co-op that best fits your needs today!