The Old Town apartment rental guide

Old Town

It’s called Old Town for a reason – the neighborhood is one of the first parts of Chicago to be settled in the 1800s, and its Old Town Triangle Landmark District still includes many homes built in the years following the great fire that destroyed much of the city in 1871.

That said, the Old Town moniker itself is old. It doesn’t reflect the waves of new construction that changed parts of the neighborhood beginning in the 1960s, or the dining and retail revival that began in the 1980s and appears on the verge of accelerating.

The location

Old Town begins just a mile-and-a-half north of the heart of Chicago’s Loop. Its neighbors include the Gold Coast on the east, River North on the south and Lincoln Park to the north.

The eastern stretches of Old Town have excellent proximity to Chicago’s greatest park, Lincoln Park, and to Oak Street and North Avenue beaches.

Old Town and the Old Town Triangle

When Chicagoans refer to Old Town they’re often lumping together two very distinct neighborhoods: Old Town, and the Old Town Triangle.

These very different neighborhoods are separated by North Avenue and stitched together by the vibrant, mixed-residential / commercial strip along Wells Street. It’s a visually interesting, pedestrian-friendly thoroughfare whose broad sidewalks are lined with a wide mix of restaurants, bars, nightlife, boutiques, theater and low- and high-rise residences.

Wells Street is so integral to the fabric of Old Town that it IS Old Town to the residents who live along it and the tourists who seldom venture beyond it.

Neighborhood boundaries. The Old Town Triangle is bounded on the south by North Ave (1600 N), on the east by Clark St, and on the west by the former Ogden Ave right-of-way. The Old Town Triangle is part of the Lincoln Park community area.

Old Town‘s boundaries are Division St (1200 N) north to North Ave (1600 N) and Clark St (100 W) west to Clybourn Ave and Larrabee St (600 W). Old Town is in the Lincoln Park“>Near North community area.

NOTE: This Guide’s primary focus is on Old Town. For more information about the Old Town Triangle neighborhood, see our Lincoln Park Guide.

Who lives here

Old Town attracts an affluent, educated group of residents: more than 80% of the 25+ population have a Bachelor’s degree or higher, one-third have graduate degrees, and nearly 40% have a household income exceeding $100,000. The neighborhood is culturally and ethnically diverse, and appeals to a wide range of age groups.

Why people move here

Old Town is a walkable, low-density, visually interesting neighborhood with a small-town vibe and a wide array of dining, retail, nightlife and everyday convenience shopping. It still retains some of the quirky attractions that made it a popular tourist destination in earlier years.

Old Town’s location affords easy access to the Loop via public transit, and it has great proximity to the popular Gold Coast, River North and Lincoln Park neighborhoods.

Why people don’t move here

Until recently, renters looking for new luxury apartments had no options available in Old Town.

Old Town’s relatively inconvenient access to Chicago’s expressway grid, the CTA Blue Line and the Metra rail system is a consideration for Chicagoans who reverse-commute to the suburbs or travel frequently out of O’Hare.

Housing stock

The great majority of the housing stock in Old Town consists of owner-occupied homes and condos, primarily in low-rise buildings. Rental housing is limited, although you can find the occasional home or condo available for rent, and a few apartments in smaller buildings.

New construction. With the exception of 1225 Old Town there have been no new market-rate apartment projects of any size in Old Town in the last 25 years.

1225 Old Town is scheduled to begin occupancy in September 2012. The luxury community will include 250 luxury studio, one-, two- and three-bedroom apartments with a range of common area and in-unit amenities not previously available in the neighborhood.

Income-restricted apartments. There are several large complexes in Old Town which have apartments limited to residents who meet maximum income requirements: Atrium Village, 545 W Division, and the Marshall Field Garden Apartments.

Lofts. Old Town has one large rental loft development, Cobbler Square, a former Dr Scholl factory that was converted to 295 apartments in 1985. You’ll occasionally find a loft condo for rent in one of the smaller projects in the neighborhood.

Neighborhood events

The Old Town Triangle has been the venue for the Old Town Art Fair since 1949. The event, which is ranked as one of the best in the nation, is held on the second weekend of June from 10 a.m. to 6 p.m. Each year it draws more than 250 accomplished artists and an estimated 50,000 visitors.

The Wells Street Art Festival, which also takes place on the second weekend in June, attracts a less well-known group of artists but has typically served up better music and food from Wells Street’s many restaurants.

Old Town residents don’t have to venture far to reach two of the city’s best farmers markets: Lincoln Park’s Green City Market and the Division Street Farmers Market.

If you’re a beer aficionado, the 3-day Craft Beer Festival at St Michael’s is a must-attend event.

There’s an updated calendar of local events at the Old Town Merchants & Residents Association website.

Restaurants, bars, nightlife

Old Town is a restaurant, bar and nightlife mecca that draws locals from around the city and tourists from around the world.

You’ll find a wide selection of dining and nightlife options along and just off of Wells Street: Bacci Pizza, Beijing and Bangkok, Benchmark, Bistrot Margot, Burton Place, Café Sushi, Corcoran’s, Dinotto, Fireplace Inn, FlatTop Grill, Flight 1551, Fresh Choice, Kamehachi, Las Pinatas, Mama Milano, Mizu, Nookies, O’Brien’s, Old Jerusalem, Old Town Ale House, Old Town Pour House, Old Town Pub, The Original Tsang Pan Asian, The Second City, Tokyo 21, Topo Gigio, Trattoria Roma, Twin Anchors and Zanies Comedy Club.

There’s also a good range of franchised fare for famished fast foodies: Boston Market, Chipotle, Dunkin Donuts, Einstein Bagels, Jimmy John’s, McDonald’s and Subway.

If you exhaust everything Old Town has to offer, the dense nightlife and dining options of Division and Rush Streets are a few short blocks to the east, and the Clark St and Lincoln Ave strips in Lincoln Park are a few blocks to the north.

Shopping

Treasure Island, an Old Town staple that bills itself as “America’s most European supermarket” is on Wells St, just north of North Ave. Another local favorite is the Potash Markets Sandburg Village location.

Old Town also boasts a number of chain grocery stores, including a Jewel at Clark and Division and a Dominick’s at Sedgwick and Division. Whole Foodsover-the-top Lincoln Park behemoth is on Kingsbury, just south of North Ave in the busy Clybourn Corridor area. It’s one of only five Whole Foods with a Wellness Club.

Long-time favorites in the neighborhood include The House of Glunz, The Fudge Pot, Village Cycle, Up Down Cigar, Collar & Leash, Old Town Gardens and Old Town Aquarium. Wells Street also has a few apparel boutiques, a good selection of salons and personal care venues, and a Pier 1 Imports.

The nearby Clybourn Corridor has a great selection of chain and big-box shopping options.

1225 Old Town will be adding 30,000 square feet of new retail space to the neighborhood.

Parks, recreation, fitness

Park space and recreational facilities are scarce within Old Town, but the neighborhood has good proximity to Lincoln Park and to Oak Street and North Avenue beaches.

Old Town has a limited selection of health clubs, including a Fitness Formula Club and an XSport Fitness location in Piper’s Alley.

Transportation, parking

There’s a CTA Red Line stop at Clark and Division streets, and a Brown Line stop just south of North Ave on Sedgwick. Multiple CTA bus lines run frequently along Clark St, LaSalle St and Division St.

Access to the city’s expressway grid is mediocre from the southern part of Old Town and downright poor from the northern part. The shops along the Clybourn Corridor cause frequent traffic bottlenecks along North Ave. There’s easy access to Lake Shore Drive from North Ave.

Taxi service is always readily available in Old Town, especially along Wells St and further east.

Parking – especially garage parking – is scarce in Old Town, almost all of which lacks alleys. Parking is expensive when available.

Schools

The neighborhood attendance-boundary public schools are Manierre (K-8) and Lincoln Park High School. The public K-8 Franklin Fine Arts Center, a specialty magnet school, fills approximately half its seats by a lottery open to students residing within 1.5 miles of its location. Walter Payton College Prep and other selective-admission public schools are within walkable distance of Old Town.

The private JK-12 Latin School is just beyond Old Town’s boundaries, in the Gold Coast neighborhood. Immaculate Conception – St Joseph School (Prek-8) is also nearby.

You might also consider …

Lincoln Park, the Gold Coast and River North (Guide links) are the most frequent backup choices for renters who can’t find what they want in Old Town.

We value your feedback

Add your comments below, with any suggestions you think will be helpful to people deciding whether and where to rent in Chicago’s Old Town neighborhood.

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{ 2 comments… read them below or add one }

Xiaoran Chen December 9, 2012 at 9:32 AM

The website is great. If a google map for the neighborhood could be put at the beginning of the rental guide, it will be more convenient to users. Thanks!

Reply

Joe Zekas December 9, 2012 at 10:29 AM

Thanks for the suggestion. The map appears prominently on the neighborhood page linked from the neighborhood name.

Reply

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