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  5. The Narragansett
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The Narragansett

1640 E 50th Street, Chicago, IL, 60615

YEAR BUILT

1929

# STORIES

22

# TOTAL UNITS

37

UNIT SIZE RANGE

3,950-4,050 sqft

Description

The Narragansett stands tall at the corner of E 50th Street in Chicago. This high-rise building has 22 stories and offers a total of 37 units. It was built in 1929, adding historic charm to its structure. The units provide a range of bedroom options with 1, 2, and 3 bedrooms available. The sizes vary between 3,950 and 4,050 square feet. Prices for these units range from $369,000 to $525,000, giving potential buyers various choices based on budget and space needs. With an average price per square foot of $86, the building has seen some activity in the market. The lowest sold price in the past 12 months is around $119,500. Listings stay on the market for an average of 273 days, which gives interested buyers plenty of time to make decisions. Amenities enhance life in this building. There’s a receiving room for guests, elevators for convenience, and bike storage for those who enjoy cycling. A party room is also available for gatherings, making it a social spot. Nearby businesses like The Market In the Park provide grocery options. Local public schools, such as Tutorials of Cytology and Education Partners Project, cater to families living in the area. Living here combines city life with comfort. The location offers access to nearby roads, making commuting easier. Additionally, it is not far from the local lake, providing a chance for quick outdoor activities.

Building ImageMLS ID #12546060
Building ImageMLS ID #12546060
Building Image
Building ImageView Listing

The Narragansett

1640 E 50th Street, Chicago, IL, 60615

YEAR BUILT

1929

# STORIES

22

# TOTAL UNITS

37

UNIT SIZE RANGE

3,950-4,050 sqft

Description

The Narragansett stands tall at the corner of E 50th Street in Chicago. This high-rise building has 22 stories and offers a total of 37 units. It was built in 1929, adding historic charm to its structure. The units provide a range of bedroom options with 1, 2, and 3 bedrooms available. The sizes vary between 3,950 and 4,050 square feet. Prices for these units range from $369,000 to $525,000, giving potential buyers various choices based on budget and space needs. With an average price per square foot of $86, the building has seen some activity in the market. The lowest sold price in the past 12 months is around $119,500. Listings stay on the market for an average of 273 days, which gives interested buyers plenty of time to make decisions. Amenities enhance life in this building. There’s a receiving room for guests, elevators for convenience, and bike storage for those who enjoy cycling. A party room is also available for gatherings, making it a social spot. Nearby businesses like The Market In the Park provide grocery options. Local public schools, such as Tutorials of Cytology and Education Partners Project, cater to families living in the area. Living here combines city life with comfort. The location offers access to nearby roads, making commuting easier. Additionally, it is not far from the local lake, providing a chance for quick outdoor activities.

Next

Description

The Narragansett stands tall at the corner of E 50th Street in Chicago. This high-rise building has 22 stories and offers a total of 37 units. It was built in 1929, adding historic charm to its structure. The units provide a range of bedroom options with 1, 2, and 3 bedrooms available. The sizes vary between 3,950 and 4,050 square feet. Prices for these units range from $369,000 to $525,000, giving potential buyers various choices based on budget and space needs. With an average price per square foot of $86, the building has seen some activity in the market. The lowest sold price in the past 12 months is around $119,500. Listings stay on the market for an average of 273 days, which gives interested buyers plenty of time to make decisions. Amenities enhance life in this building. There’s a receiving room for guests, elevators for convenience, and bike storage for those who enjoy cycling. A party room is also available for gatherings, making it a social spot. Nearby businesses like The Market In the Park provide grocery options. Local public schools, such as Tutorials of Cytology and Education Partners Project, cater to families living in the area. Living here combines city life with comfort. The location offers access to nearby roads, making commuting easier. Additionally, it is not far from the local lake, providing a chance for quick outdoor activities.

The Narragansett Key Stats Last 12 months

Avg. Listed Price$319,900($146/Sqft.)
Avg. Sale Price$119,500($86/Sqft.)
Year over year list priceUp Arrow42.28%
Year over year sale priceDown Arrow 51.47%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market273 days
Average HOA fees per sqft$1 /monthly
Next

Key Stats

Year over year list priceUp Arrow42.28%
Year over year sale priceDown Arrow51.47%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market273 days
Average HOA fees per sqft$1 /monthly

Glen Gardens Estate Availability & Demand

Unit Availability

-
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

-
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 Narragansett Inventory & Sale History

UnitSize (sqft)BedsBathsDays On MarketDateStatusPrice
Unit 13B13B220033192023-10-18
MLS#: 11894667 		Closed$369,000
Unit 18B-C18B-C4000341042022-12-19
MLS#: 11622244 		Closed$525,000
Unit 14B14B-33632022-05-13
MLS#: 11345618 		Closed$302,500
Unit 13B
13B

3 Beds

3 Baths

2200 sqft

DateStatusPrice
2023-10-18Closed$369,000
MLS#: 11894667
Days On Market19
Unit 14B
14B

3 Beds

3 Baths

0 sqft

DateStatusPrice
2022-05-13Closed$302,500
MLS#: 11345618
Days On Market63
Unit 18B-C
18B-C

3 Beds

4 Baths

4000 sqft

DateStatusPrice
2022-12-19Closed$525,000
MLS#: 11622244
Days On Market104
View Complete Unit Listing HistorySource By: MRED

Amenities

Living in The Narragansett means enjoying an array of amenities that make everyday life a breeze. You'll find service elevators and standard elevators, which is a huge plus for carrying groceries or moving in. If you’re a biking enthusiast, the dedicated bike room and accessible bike trails will keep your adventurous spirit thriving. For social gatherings or birthday celebrations, the party room offers a perfect setting. Meanwhile, a receiving room ensures that packages are taken care of while you're out enjoying life.

Next

Amenities Description

Living in The Narragansett means enjoying an array of amenities that make everyday life a breeze. You'll find service elevators and standard elevators, which is a huge plus for carrying groceries or moving in. If you’re a biking enthusiast, the dedicated bike room and accessible bike trails will keep your adventurous spirit thriving. For social gatherings or birthday celebrations, the party room offers a perfect setting. Meanwhile, a receiving room ensures that packages are taken care of while you're out enjoying life.

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

Amenities

Elevator(s)

Elevator(s)

Door Person

Door Person

Security Door Lock(s)

Security Door Lock(s)

Coin Laundry

Coin Laundry

Receiving Room

Receiving Room

Bike Room/Bike Trails

Bike Room/Bike Trails

Party Room

Party Room

Storage

Storage

Service Elevator(s)

Service Elevator(s)

Policies

For pet lovers, you’ll be glad to know that The Narragansett welcomes furry friends! With a “Cats OK, Dogs OK” policy, your beloved pets can enjoy this community just as much as you do.

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 Narragansett$86/sqft.$1 /sqft.
1640 E 50th St$86/sqft.$1 /sqft.
4940 S East End Ave$200/sqft.$2 /sqft.
The Barclay$193/sqft.$2 /sqft.
5000 S East End Ave$123/sqft.$2 /sqft.
5000 S East End Avenue$129/sqft.$1 /sqft.

Nearby Schools

The Narragansett is located near 35+ schools throughout Chicago. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

Kenwood Academy High School

A-
Public|Grades 9–12
5015 S Blackstone ...|0.27 miles away

Akiba-Schechter Jewish Day School

--
Private|Grades PK–8
5235 S Cornell Ave|0.31 miles away

Shoesmith Elementary School

C+
Public|Grades KG–6
1330 E 50th St|0.49 miles away

Murray Elementary Language Academy

C-
Public|Grades KG–8
5335 S Kenwood Ave|0.6 miles away

Futureworld Nfp

--
Private|Grades KG–9
1744 E 55th St|0.66 miles away

City Elementary School

--
Private|Grades 1–8
1100 E Hyde Park B...|0.73 miles away
Next

Schools

arrow rightWhat to know about schoolsarrow right
Next

Description

The Narragansett is located near 35+ schools throughout Chicago. Schools within a 2-mile radius provide dependable access for families. Convenient proximity supports smoother daily routines. This location enhances residential comfort.

Kenwood Academy High School

A-
Public|Grades 9–12
5015 S Blackstone ...|Less than 1 Mile Away

Akiba-Schechter Jewish Day School

--
Private|Grades PK–8
5235 S Cornell Ave|Less than 1 Mile Away

Shoesmith Elementary School

C+
Public|Grades KG–6
1330 E 50th St|Less than 1 Mile Away

Murray Elementary Language Academy

C-
Public|Grades KG–8
5335 S Kenwood Ave|Less than 1 Mile Away

Futureworld Nfp

--
Private|Grades KG–9
1744 E 55th St|Less than 1 Mile Away

City Elementary School

--
Private|Grades 1–8
1100 E Hyde Park B...|Less than 1 Mile Away

Harte Elementary School

C
Public|Grades PK–8
1556 E 56th St|Less than 1 Mile Away

Ariel Elementary Community Academy

D
Public|Grades PK–8
1119 E 46th St|Less than 1 Mile Away

Univ of Chicago Charter-Nth Kenwood

D
Public|Grades PK–5
1119 E 46th St|Less than 1 Mile Away

Little Black Pearl Arts Academy High School

--
Public|Grades 9–12
1060 E 47th St|Less than 1 Mile Away

Ray Elementary School

C
Public|Grades PK–8
5631 S Kimbark Ave|Less than 1 Mile Away

Kozminski Elementary School

D+
Public|Grades PK–8
936 E 54th St|1.00 Miles Away

Reavis Math and Science Elementary School

D+
Public|Grades PK–8
834 E 50th St|1.06 Miles Away

Church of God of Chicago

--
Private|Grades KG–7
4601 S Drexel Blvd|1.06 Miles Away

Robinson Elementary School

C+
Public|Grades PK–3
4225 S Lake Park A...|1.11 Miles Away

King College Preparatory High School

A+
Public|Grades 9–12
4445 S Drexel Blvd|1.13 Miles Away

Bronzeville Academy Charter School

D+
Public|Grades KG–8
4930 S Cottage Gro...|1.14 Miles Away

Univ of Chicago Lab School

--
Private|Grades PK–12
1362 E 59th St|1.21 Miles Away

Woodson South Elementary School

D-
Public|Grades PK–8
4414 S Evans Ave|1.39 Miles Away

Dyett High School

--
Public|Grades 12–12
|1.44 Miles Away

Walter Henri Dyett High School for the Arts

D+
Public|Grades 9–12
555 E 51st St|1.44 Miles Away

Carnegie Elementary School

C
Public|Grades PK–8
1414 E 61st Pl|1.50 Miles Away

Hyde Park Academy High School

D+
Public|Grades 9–12
6220 S Stony Islan...|1.57 Miles Away

Fuller Elementary School

C
Public|Grades PK–8
4214 S Saint Lawre...|1.68 Miles Away

Burke Elementary School

D
Public|Grades PK–8
5356 S King Dr|1.72 Miles Away

Cambridge Classical Academy

--
Private|Grades PK–8
4622 S King Dr|1.73 Miles Away

Mollison Elementary School

D
Public|Grades PK–8
4415 S Dr Martin L...|1.75 Miles Away

Univ of Chicago Charter-Woodlawn

D+
Public|Grades 6–12
6300 S University ...|1.81 Miles Away

Fiske Elementary School

D-
Public|Grades PK–8
6020 S Langley Ave|1.83 Miles Away

Mount Carmel High School

--
Private|Grades 9–12
6410 S Dante Ave|1.83 Miles Away

Hyde Park Day School Chicago Campus

--
Private|Grades 1–8
6254 S Ellis Ave|1.87 Miles Away

Sonia Shankman Orthogenic School

--
Private|Grades 5–12
6245 S Ingleside A...|1.88 Miles Away

Wadsworth Elementary School

D-
Public|Grades PK–8
6650 S Ellis Ave|1.96 Miles Away

Christ the King Lutheran School

--
Private|Grades PK–8
3701 S Lake Park A...|1.97 Miles Away

Univ of Chicago Charter-Donoghue

D-
Public|Grades PK–5
707 E 37th St|1.98 Miles Away

Transit

Situated in Kenwood, The Narragansett offers convenient access to city-wide public transportation. Nearby Bus, Metro, Rail within 2 miles allow for efficient commuting and travel. Strong transit connections enhance accessibility to work, schools, and leisure destinations. This location provides a connected and practical urban living environment.

1111 East 60th Street

1.51 miles away|29 min walk

1240 E 47th Street

0.63 miles away|13 min walk

40th Street & Ellis

1.53 miles away|30 min walk

42nd Place & Lake Park

1.19 miles away|23 min walk

43rd

1.94 miles away|38 min walk

43rd Green Line Station

1.95 miles away|38 min walk
Next

Transit

arrow rightWhat to know about transitarrow right
Next

Description

Situated in Kenwood, The Narragansett offers convenient access to city-wide public transportation. Nearby Bus, Metro, Rail within 2 miles allow for efficient commuting and travel. Strong transit connections enhance accessibility to work, schools, and leisure destinations. This location provides a connected and practical urban living environment.

1111 East 60th Street

1.51 miles away|29 min walk

1240 E 47th Street

0.63 miles away|13 min walk

40th Street & Ellis

1.53 miles away|30 min walk

42nd Place & Lake Park

1.19 miles away|23 min walk

43rd

1.94 miles away|38 min walk

43rd Green Line Station

1.95 miles away|38 min walk

43rd Street & Berkeley

1.16 miles away|23 min walk

43rd Street & Calumet (Green Line)

1.92 miles away|37 min walk

43rd Street & Cottage Grove

1.4 miles away|27 min walk

43rd Street & Drexel

1.29 miles away|25 min walk

43rd Street & King Drive

1.82 miles away|35 min walk

43rd Street & Lake Park

1.11 miles away|22 min walk

43rd Street & Langley

1.5 miles away|29 min walk

43rd Street & St. Lawrence

1.61 miles away|31 min walk

43rd Street & Vincennes

1.72 miles away|33 min walk

47th (Green)

1.78 miles away|35 min walk

47th-Green

1.78 miles away|35 min walk

47th St. (Kenwood)

0.48 miles away|10 min walk

47th Street & Calumet

1.76 miles away|34 min walk

47th Street & Cottage Grove

1.16 miles away|23 min walk

47th Street & Drexel

1.03 miles away|20 min walk

47th Street & Ellis

0.92 miles away|18 min walk

47th Street & Greenwood

0.81 miles away|16 min walk

47th Street & Indiana

1.91 miles away|37 min walk

47th Street & King Drive

1.65 miles away|32 min walk

47th Street & Lake Park

0.52 miles away|10 min walk

47th Street & Langley

1.27 miles away|25 min walk

47th Street & Michigan

1.99 miles away|39 min walk

47th Street & Prairie

1.82 miles away|35 min walk

47th Street & St. Lawrence

1.4 miles away|27 min walk

47th Street & Vincennes

1.51 miles away|29 min walk

47th Street & Woodlawn

0.7 miles away|14 min walk

5000 S Lake Park

0.19 miles away|4 min walk

51st

1.75 miles away|34 min walk

51st/53rd St. (Hyde Park)

0.35 miles away|7 min walk

51st Green Line Station

1.75 miles away|34 min walk

51st Street & Champlain

1.31 miles away|26 min walk

51st Street & Cottage Grove

1.14 miles away|22 min walk

51st Street & Drexel Square

1.03 miles away|20 min walk

51st Street & Evans

1.2 miles away|24 min walk

51st Street & Forrestville

1.44 miles away|28 min walk

51st Street & Indiana

1.88 miles away|36 min walk

51st Street & King Drive

1.59 miles away|31 min walk

51st Street & Michigan

1.95 miles away|38 min walk

51st Street & St. Lawrence

1.37 miles away|27 min walk

5200 S King Drive

1.64 miles away|32 min walk

5200 S S Hyde Park

0.26 miles away|5 min walk

5440 S S Hyde Park

0.55 miles away|11 min walk

55th - 56th - 57th St.

0.8 miles away|16 min walk

55th Street & Blackstone

0.69 miles away|14 min walk

The Neighbourhood: Kenwood

Kenwood sits on Chicago’s South Side near Lake Michigan. Jackson Park offers large green space and walking paths. Promontory Point provides lake views and a grassy slope for picnics. Museum of Science and Industry attracts visitors with interactive exhibits. DuSable Museum of African American History presents local history and art. Valois Restaurant serves diner food to residents and students. Medici hosts casual meals and coffee. Promontory operates a concert hall and bar for evening events. Navy Pier draws people to rides like the Centennial Wheel and to seasonal fairs. Metra Electric District connects the neighborhood to downtown and the south suburbs. CTA buses run along major routes and link to other train lines. Lakefront Trail gives space for runners and cyclists. Small shops and cafes support daily needs near campus and homes. University of Chicago brings cultural events and research institutions to the area. Community groups host farmers markets and neighborhood meetings in parks. Data shows that the most common age group falls between 25 to 29 years old and that households with one person make up the largest share.

Next

Neighbourhood Description

Kenwood sits on Chicago’s South Side near Lake Michigan. Jackson Park offers large green space and walking paths. Promontory Point provides lake views and a grassy slope for picnics. Museum of Science and Industry attracts visitors with interactive exhibits. DuSable Museum of African American History presents local history and art. Valois Restaurant serves diner food to residents and students. Medici hosts casual meals and coffee. Promontory operates a concert hall and bar for evening events. Navy Pier draws people to rides like the Centennial Wheel and to seasonal fairs. Metra Electric District connects the neighborhood to downtown and the south suburbs. CTA buses run along major routes and link to other train lines. Lakefront Trail gives space for runners and cyclists. Small shops and cafes support daily needs near campus and homes. University of Chicago brings cultural events and research institutions to the area. Community groups host farmers markets and neighborhood meetings in parks. Data shows that the most common age group falls between 25 to 29 years old and that households with one person make up the largest share.

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The Narragansett Demographics

Age Demographics

0–14 Years

11.91%

15–29 Years

31.56%

30–44 Years

20.2%

45–59 Years

15.8%

60+ Years

20.53%

Commute

24.23%

Transit

19.95%

Walk

30.27%

Drive

5.6%

Bike

Housing Ownership

34.32%

Owner Occupied

65.68%

Rental Units

Household Types

Single Family
17.61%
Multi Family
2.62%
Single Person
53.59%
Multi Person
46.41%

Average Income

Household:$6,135,853.73 /yr

Individual:$5,193,404.96 /yr

Education

Bachelors Degree25.05%
High School College8.56%
Diploma3.93%
Post Graduate46.88%
Others15.58%
Next

Education

Diploma3.93%
Post Graduate46.88%
Others15.58%
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    The Narragansett
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