The Calumet River basin on the southern tip of Lake Michigan was the industrial heart of Chicago’s steel industry for more than 80 years, supporting generations of families across multiple neighborhoods and retail districts. But with steel no longer driving the local economy, the district is redefining itself around historic neighborhoods, natural areas and clean industry. Still an unparalleled transportation nexus—served by multiple railroads, Interstate highways and water routes—Calumet offers enormous opportunities for infill housing as well as mixed-use or industrial development.
Home to 135,600 people in distinctive neighborhoods like Slag Valley, Irondale and Altgeld Gardens, the Calumet district contains a mix of African-American, Latino and white communities, many with well-kept brick bungalows, historic rowhouses and small apartment buildings. Almost 60 percent of the area’s 46,000 households are owner-occupied. [Excerpted from Summary of Assets]