Chicago is rich in history, architecture, and vibrant neighborhoods, featuring a diverse array of historic homes that reflect the city’s cultural evolution. From Victorian mansions to midcentury modern designs, these properties offer a unique glimpse into the past and are often located within sought-after designated historic districts.
If you’ve ever dreamed of owning a piece of this city’s past, historic homes in Chicago offer an opportunity to nurture a building’s timeless charm and make it your own — often for less than modern-day homes. However, it requires preparation, research, and an understanding of the unique challenges that come with historic properties. In this guide, our team at Move-tastic! will explore everything you need to know about moving into a historic home.
The Charm and Character of Chicago’s Historic Properties
From Victorian mansions to Prairie-style residences, Chicago’s historic homes are architectural masterpieces. One of the most appealing aspects of historic homes in Chicago is their charm and character. Many of these properties boast unique architectural features, such as intricate woodwork, stained-glass windows, and distinctive facades that modern homes often lack. Living in a historic home allows residents to experience craftsmanship and design aesthetics from bygone eras.
Popular Historic Districts in Chicago
Chicago is home to several historic neighborhoods, each with a unique story and architectural style. Notable districts include:
- Old Town: Known for its Victorian-era buildings and vibrant community
- Prairie Avenue: Features grand mansions that reflect the wealth of Chicago’s early industrialists
- Logan Square: Offers a mix of bungalows and ornate homes from the early 20th century
These neighborhoods are stunning to look at, but they also invoke a strong sense of community among residents who value their shared history.
What Buyers Should Know Before Moving In
Buying a historic home involves more than just signing on the dotted line. You’ll need to:
- Research the property’s history: Learn about previous owners, architects, and the home’s significance through resources such as the Chicago Historic Resources Survey.
- Understand preservation laws: Homes in landmark districts are subject to strict guidelines for renovations. These may include limitations on exterior modifications or renovations, using specific materials that match the original construction, or maintaining certain aesthetic features.
- Set aside money for repairs: Restoration can be costly, so factor in ongoing maintenance needs. For example, older homes may have outdated plumbing, gutters, or electrical wiring that is costly to replace.
- Consider specialized contractors: Not all contractors are qualified to work on historic homes. It requires a special skill set and experience, which may in turn also cost more than standard contractors.
- Budget for insurance: As the rate for homeowners insurance is based on the cost of replacement, rather than market value, historic homes typically cost more to insure.
- Think about potential drawbacks: Older homes may come with additional issues, such as pests or wood-destroying insects such as termites that need to be dealt with.
Owning a historic home often comes with specific restrictions aimed at preserving its integrity. It’s important for buyers to understand these responsibilities to avoid potential legal complications or fines.
Navigating Legalities and Regulations Working With the Commission on Chicago Landmarks
The Commission on Chicago Landmarks oversees the preservation of many historic properties. Buying a historic or architecturally significant property usually means you’ll need to preserve its appearance and charm. If the property is a local landmark or located within a local historic district, you may face restrictions on what you can do to the home. For example, you may not be able to expand on the building’s footprint or add a second story to a bungalow.
You may encounter restrictions on repainting, replacing windows or siding, or even changing the gardens around your new home. As a homeowner, you’ll need to work with the commission to obtain permits for any major renovations or repairs. You’ll need to comply with restoration standards to maintain the architectural integrity of your home. Failure to follow these regulations can result in fines or legal complications, so it’s important to stay informed.
Community Aspects of Living in Chicago’s Historic Neighborhoods
The good news is that owning a historic home can also come with benefits. Programs such as the Property Tax Assessment Freeze for historic homeowners can offset costs. Plus, historic neighborhoods often have strong community ties. You can engage with local historical societies or participate in preservation efforts to help maintain the area’s character. Building relationships with neighbors who share a passion for preservation can make your experience even more rewarding.
Practical Considerations for Potential Buyers
Before committing to a historic home, consider these practical tips:
- Hire experts: Work with inspectors, appraisers, and contractors who specialize in historic properties.
- Evaluate costs: Restoration can be unpredictable — have a contingency budget for unexpected repairs.
- Understand your responsibilities: Owning a piece of history means preserving it for future generations.
- Ask for advice: Engaging with the Commission on Chicago Landmarks can provide valuable resources for homeowners. It offers guidance on best practices for restoration and can connect owners with grants or tax incentives available for maintaining historic properties.
Historic homes in Chicago offer a unique blend of charm, character, and responsibility. By researching the history of your prospective property, understanding preservation laws, and engaging with the local community, you can confidently make your move into one of the city’s treasured landmarks.
Ready To Move?
If you’ve purchased a historic home with intricate details such as ornate doors or stained glass, it’s essential to take great care when moving in to avoid damage. Choosing a reliable and insured service like Move-tastic! can keep your possessions and home safe from damage. We can wrap your items in moving blankets to protect your belongings, walls, and floors for a stress-free move. Contact us today to book your slot.
a group of windows in a building by Patricia Jekki is licensed with Unsplash License