Apartments in Hyde Park Chicago

Cultural Diversity Combined with a Campus Vibe in Chicago’s Hyde Park

In 1853 a real estate speculator, Paul Cornell, bought 300 acres of land between 51st and 55th Streets along Lake Michigan’s shore. The land was a mere seven miles south of Chicago’s downtown. His intent was to convince Chicago businessmen to build homes for their families, and Hyde Park became a suburb for wealthy city dwellers who wanted to leave the noise and overcrowding of a growing city. In 1857 the Hyde Park House was built. It was an extremely high-end hotel built on the shore of Lake Michigan. Mary Todd Lincoln spent the summer of 1865 there with her children. The hotel burned down in 1879 and The Sisson Hotel was built there in 1918, eventually becoming converted to condominiums. In 1889 the City of Chicago annexed Hyde Park and in 1891 the University of Chicago was established with money from John D. Rockefeller, eventually laying claim to 89 Nobel Prize laureates. In 1893 the World’s Columbian Exposition was held in Hyde Park. The fair brought an influx of new residents which would give rise to the development of a more urban feel in the community. All but one of the structures built for the fair were temporary. The remaining building is Charles Atwood’s Palace of Fine Arts which has become the Museum of Science and Industry, the largest science museum in the Western Hemisphere. The neighborhoods’ 89 Nobel winners include President Barack Obama.

Who Lives There

The total population for Hyde Park is 12,567 with the median age at 32 years. 10.12 % of households have children under the age of 18 and the average median household income is $66,220. 15.78% of the residents have bachelor’s degrees. In the current market it will cost $965 per month to rent a 416 square foot studio apartment, $1395 per month for a 627 square foot one-bedroom and $3,334 per month for a 1275 square foot place.

Places of Interest

Hyde Park is a culturally diverse community with the University of Chicago campus drawing students from around the world. The Midway Plaisance Park, Jackson and Washington Park and South Shore Cultural Center host trails, tennis courts, events and festivals to enrich the lives of community members and guests. In the northeast section of Hyde Park, you can find a vast array of coffeehouses, restaurants and specialty shops.