Regular readers of the Tribune’s Chicago real estate news may have noticed this profile of Lincoln Park, one of Chicago’s most popular neighborhoods and home to a variety of excellent restaurants, shops, and other amenities, as well as a true sense of community.
In fact, Lincoln Park housing is so desirable that values are still rising according to Jim Kinney, the president of Rubloff Residential properties who was quoted for the piece. Therefore, Lincoln Park properties are an ideal choice for people who are currently looking for a new home or a real estate investment, but are wary of the down market and the subsequent potential for a return on their investment.
In the article, Kinney points out that “units on the market are priced from $149,500 for a studio to about $15 million for a 5-bedroom condominium at Lincoln Park 2520, a 40-story high rise overlooking Lincoln Park and Lake Michigan that’s in development.” Since the Lincoln Park area should remain popular for years to come, purchasing a condo in this area is a safe option.
Of course, the investment potential is far from the only reason to buy in Lincoln Park. First of all, it is only two miles away from the Loop, making it an ideal location for those who want to be close to work but far enough from downtown for their home to feel like a haven from the hustle and bustle. The neighborhood also has a number of restaurants, ranging from fine dining to some of Chicago’s most delicious pizza, along with plenty of bars and nightclubs that make evenings lively.
It is also a shopper’s paradise, with two retail corridors that are home to one-of-a-kind boutiques as well as chain stores for more basic items. The park itself is also great for families, offering a place for children to play, dogs to be walked, and running/walking/biking trails for active adults. Last but not least, it is convenient to public transportation, making car ownership unnecessary (and hey, its better for the environment as well).