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  3. Chicago, IL
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  5. The Prairie Terrace Homes
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The Prairie Terrace Homes

1328 S Federal Street, Chicago, IL, 60605 |The Prairie Terrace Homes

YEAR BUILT

1992

# STORIES

2

# TOTAL UNITS

14

UNIT SIZE RANGE

2,300-2,400 sqft

Description

The Prairie Terrace Homes is located at 1328 S Federal Street in Chicago. This two-story building has 14 units. Built in 1992, it features a low-rise design which adds a cozy feeling to the surroundings. Units in the building range in size from 2,300 to 2,400 square feet. The price for these homes falls between $729,000 and $770,000. When looking at recent sales, the average price closed around $627,500, with a price per square foot of about $346. On average, units spend 109 days on the market. This gives buyers ample time to make decisions. Nearby, you can find businesses like Donna's Cafe and Pedelty Enterprises. Local schools such as Jta Academy also add to the appeal of the neighborhood. Parking is available, making it simple for residents to get around. Security lighting is installed, enhancing safety for everyone. Living here provides a comfortable lifestyle in a friendly community. The layout encourages a welcoming atmosphere and easy interactions among neighbors. The area is well-connected to main roads, which aids travel within the city. The Prairie Terrace Homes is also not far from the nearby water. Having access to Lake Michigan could be great for outdoor lovers. Overall, this building combines a desirable location with spacious homes for those looking to settle down.

Building ImageMLS ID #10356017
Building ImageMLS ID #10276486
Building Image
Building ImageView Listing

The Prairie Terrace Homes

1328 S Federal Street, Chicago, IL, 60605

|The Prairie Terrace Homes

YEAR BUILT

1992

# STORIES

2

# TOTAL UNITS

14

UNIT SIZE RANGE

2,300-2,400 sqft

Description

The Prairie Terrace Homes is located at 1328 S Federal Street in Chicago. This two-story building has 14 units. Built in 1992, it features a low-rise design which adds a cozy feeling to the surroundings. Units in the building range in size from 2,300 to 2,400 square feet. The price for these homes falls between $729,000 and $770,000. When looking at recent sales, the average price closed around $627,500, with a price per square foot of about $346. On average, units spend 109 days on the market. This gives buyers ample time to make decisions. Nearby, you can find businesses like Donna's Cafe and Pedelty Enterprises. Local schools such as Jta Academy also add to the appeal of the neighborhood. Parking is available, making it simple for residents to get around. Security lighting is installed, enhancing safety for everyone. Living here provides a comfortable lifestyle in a friendly community. The layout encourages a welcoming atmosphere and easy interactions among neighbors. The area is well-connected to main roads, which aids travel within the city. The Prairie Terrace Homes is also not far from the nearby water. Having access to Lake Michigan could be great for outdoor lovers. Overall, this building combines a desirable location with spacious homes for those looking to settle down.

Next

Description

The Prairie Terrace Homes is located at 1328 S Federal Street in Chicago. This two-story building has 14 units. Built in 1992, it features a low-rise design which adds a cozy feeling to the surroundings. Units in the building range in size from 2,300 to 2,400 square feet. The price for these homes falls between $729,000 and $770,000. When looking at recent sales, the average price closed around $627,500, with a price per square foot of about $346. On average, units spend 109 days on the market. This gives buyers ample time to make decisions. Nearby, you can find businesses like Donna's Cafe and Pedelty Enterprises. Local schools such as Jta Academy also add to the appeal of the neighborhood. Parking is available, making it simple for residents to get around. Security lighting is installed, enhancing safety for everyone. Living here provides a comfortable lifestyle in a friendly community. The layout encourages a welcoming atmosphere and easy interactions among neighbors. The area is well-connected to main roads, which aids travel within the city. The Prairie Terrace Homes is also not far from the nearby water. Having access to Lake Michigan could be great for outdoor lovers. Overall, this building combines a desirable location with spacious homes for those looking to settle down.

The Prairie Terrace Homes Market Stats Last 12 months

Avg. Listed Price$504,500($337/Sqft.)
Avg. Sale Price$627,500($346/Sqft.)
Year over year list priceDown Arrow16.95%
Year over year sale priceUp Arrow 45.93%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market109 days
Average HOA fees per sqft$4 /monthly
Next

Market Stats

Year over year list priceDown Arrow16.95%
Year over year sale priceUp Arrow45.93%
Total Listings2 Listed
Total sold2 Sold
Average Days on Market109 days
Average HOA fees per sqft$4 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

Low
High availability buildings list units frequently.

Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.

Unit Demand

Low
Units in high-demand buildings sell quicker.

Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.

For Sale 0 For Sale

The Prairie Terrace Homes Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit OO2100331692025-04-30
MLS#: 12209085 		Closed$770,000
Unit KK210033332023-03-22
MLS#: 11720863 		Closed$729,000
Unit OO210033422018-09-06
MLS#: 10031430 		Closed$660,000
Unit K
K

3 Beds

3 Baths

2100 sqft

DateStatusPrice
2023-03-22Closed$729,000
MLS#: 11720863
Days On Market33
Unit O
O

3 Beds

3 Baths

2100 sqft

DateStatusPrice
2025-04-30Closed$770,000
MLS#: 12209085
Days On Market169
Unit O
O

3 Beds

3 Baths

2100 sqft

DateStatusPrice
2018-09-06Closed$660,000
MLS#: 10031430
Days On Market42
View Complete Unit Listing HistorySource By: MRED

Amenities

Parking
Parking
Locker
Locker
Concierge
Concierge
Elevator(s)
Elevator(s)
Central AC
Central AC
Pool
Pool
Fitness Center
Fitness Center
-
Visitors Parking
Visitors Parking
Next

Amenities

Security Lighting

Security Lighting

Balcony

Balcony

Policies

Pet Allowed
Pet Allowed
BBQ Permitted
BBQ Permitted
Sublet Allowed
Sublet Allowed
Short-term Rental Allowed
Short-term Rental Allowed

Compare with Buildings in the Neighbourhood (Last 12 Months)

Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby

Building NameAvg price per square footAVG HOA FEE per square foot (Monthly)
The Prairie Terrace Homes$346/sqft.$4 /sqft.
1328 S Federal St$346/sqft.$4 /sqft.
The Prairie Terrace Homes$343/sqft.$4 /sqft.
1338 S Federal St$343/sqft.$4 /sqft.
1315 S Plymouth Ct$384/sqft.$12 /sqft.
Newgate Square$384/sqft.$12 /sqft.

Nearby Schools

Discover top-rated schools located close to The Prairie Terrace Homes.

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|0.17 miles away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|0.44 miles away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|0.63 miles away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|0.8 miles away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|0.81 miles away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.1 miles away
Next

Schools

South Loop Elementary School

B
Public|Grades PK–8
1212 S Plymouth Ct|Less than 1 Mile Away

Daystar Academy

--
Private|Grades PK–9
1550 S State St St...|Less than 1 Mile Away

South Loop Montessori School

--
Private|Grades PK–3
47 W Polk St Ste G...|Less than 1 Mile Away

Jones College Preparatory High School

A
Public|Grades 9–12
700 S State St|Less than 1 Mile Away

Perspectives Charter - Joslin Campus

C-
Public|Grades 6–12
1930 S Archer Ave|Less than 1 Mile Away

Urban Preparatory West Charter School

--
Public|Grades 9–12
425 S Wabash Ave|1.10 Miles Away

National Teachers Elementary Academy

B-
Public|Grades PK–8
55 W Cermak Rd|1.22 Miles Away

Yccs-Jane Addams Alternative High School

--
Public|Grades 9–12
1814 S Union Ave|1.29 Miles Away

Pui Tak Christian School

--
Private|Grades PK–8
2301 S Wentworth A...|1.32 Miles Away

St Therese Chinese Catholic School

--
Private|Grades PK–8
247 W 23rd St|1.36 Miles Away

Haines Elementary School

A
Public|Grades PK–8
247 W 23rd Pl|1.44 Miles Away

Intrinsic 2 Charter High School

--
Public|Grades 9–12
79 W Monroe St Ste...|1.45 Miles Away

Graham R Training Center

--
Public|Grades 9–12
2347 S Wabash Ave|1.48 Miles Away

Dba City Garden Waldorf School

--
Private|Grades PK–KG
920 W 19th St|1.53 Miles Away

Walsh Elementary School

D
Public|Grades KG–8
2015 S Peoria St|1.57 Miles Away

Noble St Charter-Muchin College Preparatory

A+
Public|Grades 9–12
1 N State St|1.63 Miles Away

J. Smyth Elementary School

D
Public|Grades KG–8
1059 W 13th St|1.63 Miles Away

Yccs-Innovations of Arts Integr High School

--
Public|Grades 9–12
17 N State St|1.65 Miles Away

Jungman Elementary School

C+
Public|Grades PK–8
1746 S Miller St|1.67 Miles Away

St Ignatius College Preparatory

--
Private|Grades 9–12
1076 W Roosevelt R...|1.68 Miles Away

Frances Xavier Warde School

--
Private|Grades PK–8
120 S Desplaines S...|1.72 Miles Away

Galileo Elementary Math & Science Schol Acd

B
Public|Grades KG–8
820 S Carpenter St|1.74 Miles Away

St Procopius School

--
Private|Grades PK–8
1625 S Allport St|1.98 Miles Away

Drake Elementary School

C
Public|Grades PK–8
2710 S Dearborn St|2.00 Miles Away

J. Ward Elementary School

B+
Public|Grades KG–8
2701 S Shields Ave|2.03 Miles Away

Chicago Technology Academy High School

B
Public|Grades 9–12
1301 W 14th St|2.06 Miles Away

Sheridan Elementary Math & Science Academy

A+
Public|Grades KG–8
533 W 27th St|2.08 Miles Away

Devry Advantage Academy High School

A+
Public|Grades 11–12
1900 W Lawrence Av...|2.09 Miles Away

St Jerome School

--
Private|Grades PK–8
2801 S Princeton A...|2.12 Miles Away

Perez Elementary School

D+
Public|Grades PK–8
1241 W 19th St|2.14 Miles Away

Gems World Academy Chicago

--
Private|Grades PK–11
350 E South Water ...|2.16 Miles Away

Yccs- Mckinley-Lakeside Leadership Academy

--
Public|Grades 9–12
2920 S Wabash Ave|2.20 Miles Away

McKinley Lakeside Leadership Academy

--
Private|Grades 10–12
2920 S Wabash Ave|2.21 Miles Away

Pilsen Elementary Community Academy

D
Public|Grades PK–8
1420 W 17th St|2.33 Miles Away

Jackson a Elementary Language Academy

A+
Public|Grades KG–8
1340 W Harrison St|2.33 Miles Away

Intercultural Montessori Language School

--
Private|Grades PK–8
114 S Racine Ave|2.33 Miles Away

STEM Magnet Academy Elementary School

A-
Public|Grades KG–8
1522 W Fillmore St|2.44 Miles Away

Dunbar Vocational Career Academy High School

C
Public|Grades 9–12
3000 S King Dr|2.48 Miles Away

Healy Elementary School

A
Public|Grades PK–8
3010 S Parnell Ave|2.50 Miles Away

Urban Prairie

--
Private|Grades PK–8
1310 S Ashland Ave|2.55 Miles Away

Urban Prairie Waldorf School

--
Private|Grades PK–8
1310 S Ashland Ave|2.55 Miles Away

Crane Technical Preparatory High School

--
Public|Grades 12–12
|2.57 Miles Away

St Therese School West

--
Private|Grades PK–8
2859 S Throop St|2.60 Miles Away

St Pius V School

--
Private|Grades PK–8
1919 S Ashland Ave|2.64 Miles Away

Young Magnet High School

A+
Public|Grades 7–12
211 S Laflin St|2.64 Miles Away

Juarez Community Academy High School

D+
Public|Grades 9–12
1450 W Cermak Rd|2.65 Miles Away

Simpson Academy High School for Young Women

--
Public|Grades 6–12
1321 S Paulina St|2.67 Miles Away

Acero Charter School Network - Bartolome de las Casas

D
Public|Grades KG–8
1641 W 16th St|2.68 Miles Away

Transit

Experience convenience and connectivity with premium transit options just moments away.

327 W Roosevelt

0.45 miles away|9 min walk

1440 S Indiana

0.55 miles away|11 min walk

1100 S Columbus (Pedestrian Underpass)

0.76 miles away|15 min walk

18th St.

1.03 miles away|20 min walk

350 S. Clark Street (Chicago)

1.16 miles away|23 min walk

333 S Franklin Street (Chicago)

1.18 miles away|23 min walk
Next

Transit

327 W Roosevelt

0.45 miles away|9 min walk

1440 S Indiana

0.55 miles away|11 min walk

1100 S Columbus (Pedestrian Underpass)

0.76 miles away|15 min walk

18th St.

1.03 miles away|20 min walk

350 S. Clark Street (Chicago)

1.16 miles away|23 min walk

333 S Franklin Street (Chicago)

1.18 miles away|23 min walk

18th Street & Halsted

1.33 miles away|26 min walk

Adams & Clark

1.35 miles away|26 min walk

Adams & State

1.35 miles away|26 min walk

900 W Roosevelt

1.36 miles away|27 min walk

900 W Taylor

1.37 miles away|27 min walk

Adams & Wells

1.37 miles away|27 min walk

Adams/Wabash

1.37 miles away|27 min walk

Adams & Wabash

1.38 miles away|27 min walk

Archer & Canal

1.4 miles away|27 min walk

Adams & S. Wacker

1.42 miles away|28 min walk

18th Street & Peoria

1.44 miles away|28 min walk

Adams & Canal

1.49 miles away|29 min walk

18th Street & Sangamon

1.51 miles away|30 min walk

Archer & 23rd Place

1.54 miles away|30 min walk

900 W Harrison

1.59 miles away|31 min walk

18th Street & Carpenter

1.72 miles away|33 min walk

25th Street & Michigan

1.72 miles away|33 min walk

2300 S Halsted

1.74 miles away|34 min walk

AM Michigan & Randolph (Chicago)

1.86 miles away|36 min walk

26th Street & Indiana

1.87 miles away|36 min walk

26th Street & Prairie

1.9 miles away|37 min walk

18th Street & Racine

1.93 miles away|38 min walk

26th Street & Normal

1.94 miles away|38 min walk

26th Street & King Drive

1.97 miles away|38 min walk

18th Street & Throop

2.09 miles away|41 min walk

2800 S King Drive

2.18 miles away|42 min walk

320 N LaSalle

2.19 miles away|42 min walk

321 N LaSalle

2.19 miles away|43 min walk

18th Street & Blue Island

2.24 miles away|43 min walk

27th St.

2.25 miles away|44 min walk

3000 S Michigan

2.31 miles away|45 min walk

3000 S Wentworth

2.34 miles away|45 min walk

18th Street & Laflin

2.42 miles away|47 min walk

3000 S King Drive

2.45 miles away|47 min walk

31st Street & Wells

2.49 miles away|48 min walk

31st Street & Michigan

2.51 miles away|49 min walk

31st Street & Canal

2.54 miles away|49 min walk

31st Street & Giles

2.56 miles away|50 min walk

18th Street & Ashland

2.58 miles away|50 min walk

31st Street & King Drive

2.6 miles away|50 min walk

530 W Grand

2.6 miles away|50 min walk

31st Street & Wallace

2.62 miles away|51 min walk

3200 S Wentworth

2.65 miles away|51 min walk

31st Street & Union

2.68 miles away|52 min walk

The Neighbourhood: The Prairie Terrace Homes

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

Next

Neighbourhood Description

South Loop, part of Chicago’s vibrant Near South Side, offers a dynamic urban experience with a mix of historic and modern attractions. This neighborhood is home to the renowned Museum Campus, which includes the Field Museum, Shedd Aquarium, and Adler Planetarium. Residents enjoy diverse dining options, from local eateries to high-end restaurants, and ample shopping opportunities. The area provides a convenient lifestyle with easy access to public transportation, including multiple L train lines and proximity to major expressways. With its scenic views of Lake Michigan and Grant Park, South Loop caters to both families and professionals seeking an active city life.

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The Prairie Terrace Homes Demographics

Age Demographics

0–14 Years

9.23%

15–29 Years

26.1%

30–44 Years

33.48%

45–59 Years

16.64%

60+ Years

14.55%

Commute

25.04%

Transit

15.64%

Walk

36.57%

Drive

2.32%

Bike

Housing Ownership

44.08%

Owner Occupied

55.92%

Rental Units

Household Types

Single Family
11.53%
Multi Family
0.99%
Single Person
52.47%
Multi Person
47.53%

Average Income

Household:$9,145,918.78 /yr

Individual:$7,706,597.99 /yr

Education

Bachelors Degree33.46%
High School College4.92%
Diploma3.89%
Post Graduate41.74%
Others16%
Next

Education

Diploma3.89%
Post Graduate41.74%
Others16%
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  2. /Chicago, IL
  3. /
    The Prairie Terrace Homes
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