The city of Chicago is full of individual neighborhoods that all have something unique to offer potential home and condo buyers looking for a new place to live. If you’re familiar with the downtown landscape, you probably already know that places like River North, the Gold Coast, and the West Loop are currently among the most expensive places to buy right now, which isn’t likely to change anytime soon.
But what if you’re a home buyer who might be looking to buy low and eventually sell high as a neighborhood continues to gain popularity and develop? Well, according to a recent survey conducted by U.S. News & World Report, here are a few of those up-and-coming neighborhoods you may want to consider:
West Town - Situated just south of the red hot Wicker Park neighborhood, and east the equally popular Ukrainian Village, West Town offers a close proximity to all the cool shops, restaurants, and bars that help make those neighborhoods so popular, and you won’t have to pay a premium to live here (at least for now). And with easy access to downtown via the Blue Line, it’s easy to see why West Town is really starting to boom.
Logan Square - Although Logan Square has been on the rise for a little while now, it’s still not at the level of nearby areas like Bucktown and Wicker Park. But with a blossoming restaurant and bar scene and home and condo prices that are still more affordable than what you’ll find in neighboring communities, it’s certainly a top choice for anyone who’s looking for a great long-term investment.
Pilsen - Situated just south of downtown and already home to some of Chicago’s best Mexican restaurants, Pilsen should be considered an intriguing option for anyone with a tight budget. Homes and condos are still considered extremely affordable, at least for Chicago standards, and with a number of community improvements like the new Paseo Trail already underway, it won’t be long before Pilsen’s real estate market is thriving.