What are the three “best-buy ‘hoods” in Chicago? According to the new real estate-centric issue of Time Out Chicago, they are:
- Andersonville: “the city’s hottest ‘hood, [with] lakefront proximity, a robust commercial district brimming with independently owned businesses and good public transportation”
- Kenwood: “proximity to University of Chicago and the lake—and the prestige of sharing a zip code with the Obama family homestead—have kept prices stable”
- Roscoe Village: “balances hip and friendly, so buying a house there means you’re unlikely to get bored—or mugged”
All three have steady home prices that probably won’t lose value over the long term, according to the magazine.
The magazine also recommends three areas that “have a bright future” in spite of rough times:
- East Humboldt Park: “it’s a block-by-block neighborhood, but a lot of artists are moving in because it’s cheaper [than Wicker Park]”
- Bronzeville: “while there are board-ups aplenty, the nabe has good public transportation and thriving anchor businesses like Bronzeville Coffee House and Jokes and Notes”
- Portage Park: “the ‘hood’s established Polish-American community doesn’t tolerate crime, and the lack of multi-unit buildings means it’s not congested”
What do you think? How does Time Out’s “top three” stack up against yours?
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