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Chicago’s Gold Coast includes the Streeterville and Mag Mile neighborhoods and is true to its moniker. Perhaps some of the finest Chicago luxury real estate is located there. A long time elegant and sophisticated stop for living, working and playing, Chicago’s Gold Coast has the finest shopping west of Park Avenue.
The Gold Coast Historic District is located just north of downtown Chicago and is part of Chicago’s Near North Side community area. It is roughly bounded by North Avenue, Lake Shore Drive, Oak Street, and Clark Street. The streets of Gold Coast are lined with historic mansions and specialty boutiques, making it an extremely popular area for residents and visitors.
The coast part of the name comes from its proximity to Lake Michigan. The neighborhood grew in the wake of the Great Chicago Fire. In 1882, millionaire Potter Palmer, who was an American businessman responsible for much of the development of State Street in Chicago, moved to the area from the Prairie Avenue neighborhood on the city’s south side. He built Palmer Mansion, which was a forty-two-room castle like structure designed by Henry Ives Cobb and Charles Sumner Frost. Soon after Palmer moved to the neighborhood, other wealthy Chicagoans followed as well. By the late 1980s, the Gold Coast and neighboring Streeterville neighborhood comprised the second most affluent neighborhoods in the U.S., following Manhattan’s Upper East Side. Today, you can find anything from mansions, row houses, to high-rise apartments. Some of the most noteworthy landmarks include the Astor Street District and the James Charnley House.