With lower crime and now recognized as one of the fastest growing cities in the nation, Chicago is the newest "hot spot" on the radar. Chicago's South Side are one of the targets next to Humboldt Park which is located on Chicago's Northwest side.
Now buyers are approaching me asking for multifamily and SFR in 60649,60619 and 60617. The newest laws can be credited for the drastic change on the outlook of one of the worst parts of town. The east side of Chicago was known for gang violence as well as murder rates. The new law of murders serving 100% and violent crimes serving 85% of their sentences, has had a great effect on thinking twice on committing crimes by "would be" felons. In fact, you can see bike paths and new street lights with attached lanterns mid-way on each pole and finally people smiling and greeting each other. A few years ago, this would not have happened as neighbors were scared to even come out of their homes.
There is a big buzz in the city as investors are now targeting two of the worst areas in Chicago which is the South Shore and Englewood areas.
Within South Shore, there will be a new library in honor of the Nation's 44th and 45th President, Barack Obama. This, by itself makes the South Shore area a tourist attraction and the city knows this. Rahn Emmanuel, Chicago's Mayor, has the whole city under construction. Many are complaining on the construction, but looking into the future, the city will be more stable than what is was. Under Mayor Richard Daley, the city went down due to under management and just plain politics. Now, Chicago's South Side has a new train system "The L" as well as reconstruction of the Dan Ryan Expressway which starts at 95th street and ends at 22nd street which is I-94.
Now, Chicagoans' know the Englewood area as crime central. With robberies, drug trafficking and other various crimes, Englewood had a bad reputation until now. Kennedy King College moved its location from 63rd and Wentworth to the heart of Englewood on 63rd and Halsted. Even the banking industry has recognized the growth in the Englewood area and posted locations throughout the neighborhood. With Bank of America located on 69th and Ashland and U.S. Bank located at 815 West 63rd street, which is in fact across the street of Kennedy King Collge, has made an unbelievable impact on the neighborhood. The city of Chicago has made an offer to all investors that they can by lots in the Englewood area just for $1.00. Yep, you heard it, one dollar, but there is a catch to it though...you have to own property within Englewood. This is an incentive for investor to buy single family homes and/or multifamily properties that are abandoned, under-developed and eye-sores and bring the neighborhood back to life. This was reported on Chicago's WGN News which is owned and operated by The Chicago Tribune.
At last there is a place besides California, Florida, Atlanta and even New York that is considered a hot spot. Chicago is finally on the map for its growth and continued stabilization. With its rich history ,killer skyline and tourist attractions like Navy Pier, Chicago is now recognized as a city instead of a city of politics and crime. I am proud to be a Chicagoan! bstallworth
With lower crime and now recognized as one of the fastest growing cities in the nation, Chicago is the newest "hot spot" on the radar. Chicago's South Side are one of the targets next to Humboldt Park which is located on Chicago's Northwest side.
Now buyers are approaching me asking for multifamily and SFR in 60649,60619 and 60617. The newest laws can be credited for the drastic change on the outlook of one of the worst parts of town. The east side of Chicago was known for gang violence as well as murder rates. The new law of murders serving 100% and violent crimes serving 85% of their sentences, has had a great effect on thinking twice on committing crimes by "would be" felons. In fact, you can see bike paths and new street lights with attached lanterns mid-way on each pole and finally people smiling and greeting each other. A few years ago, this would not have happened as neighbors were scared to even come out of their homes.
There is a big buzz in the city as investors are now targeting two of the worst areas in Chicago which is the South Shore and Englewood areas.
Within South Shore, there will be a new library in honor of the Nation's 44th and 45th President, Barack Obama. This, by itself makes the South Shore area a tourist attraction and the city knows this. Rahn Emmanuel, Chicago's Mayor, has the whole city under construction. Many are complaining on the construction, but looking into the future, the city will be more stable than what is was. Under Mayor Richard Daley, the city went down due to under management and just plain politics. Now, Chicago's South Side has a new train system "The L" as well as reconstruction of the Dan Ryan Expressway which starts at 95th street and ends at 22nd street which is I-94.
Now, Chicagoans' know the Englewood area as crime central. With robberies, drug trafficking and other various crimes, Englewood had a bad reputation until now. Kennedy King College moved its location from 63rd and Wentworth to the heart of Englewood on 63rd and Halsted. Even the banking industry has recognized the growth in the Englewood area and posted locations throughout the neighborhood. With Bank of America located on 69th and Ashland and U.S. Bank located at 815 West 63rd street, which is in fact across the street of Kennedy King Collge, has made an unbelievable impact on the neighborhood. The city of Chicago has made an offer to all investors that they can by lots in the Englewood area just for $1.00. Yep, you heard it, one dollar, but there is a catch to it though...you have to own property within Englewood. This is an incentive for investor to buy single family homes and/or multifamily properties that are abandoned, under-developed and eye-sores and bring the neighborhood back to life. This was reported on Chicago's WGN News which is owned and operated by The Chicago Tribune.
At last there is a place besides California, Florida, Atlanta and even New York that is considered a hot spot. Chicago is finally on the map for its growth and continued stabilization. With its rich history ,killer skyline and tourist attractions like Navy Pier, Chicago is now recognized as a city instead of a city of politics and crime. I am proud to be a Chicagoan! bstallworth