In case you haven’t noticed, single-family homes in Chicago can be expensive, especially in neighborhoods like Roscoe Village, Lakeview, and of course Lincoln Park. In fact, most move-in ready homes or newly built residences in these and other highly sought-after neighborhoods in Chicago start right around $1 million, and in many instances far exceed that price point.
But as you probably already know, today’s Chicago home buyers are savvy and smart, and they’re also comfortable thinking outside the box and perhaps looking in other parts of the city that provide a much better value in terms of space, livability, and affordability.
Just recently, Chicago Magazine specifically noted Edgewater for being one of these new destinations home buyers are
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The West Loop is hands down one of the hottest neighborhoods in Chicago right now. From the announcement of numerous large-scale commercial and residential projects like the new McDonald’s headquarters or Landmark West Loop to overall vibrant atmosphere that basically surrounds ‘Restaurant Row,’ Madison Street, the Fulton Market area, and just about every other nook and cranny in the community, it’s hard to argue against West Loop being one of the top places to call home in the city.
By now, there’s a pretty good chance you’ve heard the narrative—new construction rentals and apartments continue to be delivered all throughout downtown Chicago, and just when we think there might be somewhat of a slowdown on the development side of things, another large-scale project is announced.
Earlier today, Crain’s Chicago unveiled a series of spectacular new renderings of what could take over what’s essentially one of the last undeveloped parcels in all of River North.
The downtown Chicago area has seen a whole lot of new development reshape both the city’s landscape and its distinguished skyline in recent years, and now with 2017 already half over, which almost seems hard to believe, there seems to be no sign of a slowdown coming anytime soon, especially as the Chicago Tribune just reminded us of how many large-scale projects are still currently in the works.
Chicago tends to get a lot of high praise for its vibe and general summertime atmosphere, and for good reason. The breeze coming off the lakefront feels great in June, July, and August, and the summer season also means it’s patio season here in the Windy City, which most of us take full advantage of whenever possible.
As of mid-April, 52 high-rise developments were under construction in the city of Chicago, which is up by 8 projects since January alone. Chicago’s latest construction boom is among the strongest in the country right now, and it’s also tops in the U.S. when it comes to residential high-rise construction. And considering that a number of high-profile developments like 150 N. Riverside, The Hudson, and Wolf Point West were just recently completed and aren’t even featured on this list, what’s currently happening right now in Chicago from a new construction standpoint is nothing short of remarkable.
It doesn’t seem like all that long ago that living right next door to an “L” station was the last place you’d want to call home. While the convenience of being near public transportation is always a benefit, many assumed the noise would simply be too much of a nuisance to justify the investment.