Located just south of the Magnificent Mile and just off the Lakeshore, Hyde Park is one of Chicago’s more impressive communities. Home to the University of Chicago, the neighborhood is fast becoming the place in the city for shopping, dining and living. With housing costs very reasonable, especially for its proximity to downtown, Hyde Park is worth the visit.
Famous for its shopping, its beautiful homes and its tree-lined streets, Lincoln Park is perhaps the best known neighborhood in Chicago. As you might expect, this much sought after area is increasingly becoming one of the more expensive areas in Chicago. With everything from apartments and flats to condos and houses the neighbors range from college students at nearby DePaul University to young professionals taking advantage of the quick commute.
As the name might suggest, this is the most expensive and exclusive area in Chicago. Located just off the Magnificent Mile and sitting on the lakefront, the Gold Coast has just about every type of dwelling imaginable, thanks in part to extensive historical preservation. Despite that, don’t expect to find a bargain here – as the old saying goes, "If you have to ask the price, you can’t afford it."
These are two Chicago neighborhoods with a happening vibe and a real estate market to match. Chockfull of new construction condominiums and rehabbed buildings, Wicker Park and Bucktown have exploded in the past few years, transitioning into an excellent area for home appreciation and property ownership in the city. Wicker Park and Bucktown are situated northwest of downtown and are bisected by North Avenue. The intersection of North, Damen and Milwaukee is a prime spot for entertainment and nightlife, which has successfully drawn the younger crowds to this trendy section of Chicago.
The community of Lakeview is actually divided into three separate neighborhoods: Lakeview East, Lakeview and West Lakeview. Lakeview East is desirable because of its waterfront location, sprawling parks and great commercial corridors along Broadway, Halsted and Clark streets. Lakeview proper is also alive with business, restaurants, bars, entertainment and—who could forget?—baseball! That’s right, nestled within the friendly confines of Lakeview is Wrigleyville, home of the Cubs and Wrigley Field. Wrigleyville is considered its own neighborhood but its residential streets and sports bar-filled corners blend seamlessly with the blocks of Lakeview. Just past Ashland Avenue is West Lakeview, a fairly quiet family-oriented community with rows of walk-up residences, courtyard condominiums and even some loft buildings.
Originally serving as a warehouse district, the West Loop has experienced a major transformation into a burgeoning residential neighborhood. Many of the vacant storage buildings have been converted into lofts and condos that offer spacious properties for reasonable prices. Close proximity to the Loop and promise of a short commute are attracting scores of young professionals and first-time home buyers to the area. Plus, the well-known dining quarter of Greektown makes this newly developed locale feel like a long-established neighborhood.