Available MLS-listed rentals at a high on North Lakefront

by Joe Zekas on 7/30/14

As of late yesterday there were 832 homes and condos listed for rent in local Multiple Listing Service in ZIP Codes 60614, 60657, 60613, 60640, 60660 and 60626. Those ZIP Codes span Chicago’s lakefront from Lincoln Park north to Rogers Park.

The number of available rentals is at its highest level since we began tracking in January of 2012. The overall inventory is up 35% over the corresponding period last year, That aggregate number, however, masks differing market conditions in individual ZIP Codes.

Available rentals soared 47% year-over-year in ZIP Codes 60614, 60657 and 60613 (Lincoln Park and Lakeview), perhaps due to competition from the new Webster Square and Halsted Flats apartments.

The number of available rentals fell 28% year-over-year in ZIP Code 60660 (Edgewater).

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