A short bike ride from the Lakefront Trail, close to downtown, and filled with entertainment and shopping choices, Lincoln Park and Lakeview are among Chicago’s most in-demand neighborhoods. A destination for recent Big 10 college graduates, hangout for fans of the Chicago Cubs, and location of theater, music, and comedy venues, these adjacent lakefront neighborhoods are experiencing heavy, ongoing reinvestment in residential, commercial and public structures.
The district has one of Chicago’s consistently strongest housing markets, though today it faces fresh competition from other neighborhoods to the north, west and south. The highest housing values have traditionally been in Lincoln Park, where new mansions go for $3 million and elaborate rehabs are interspersed with new single-family, townhouse, and condominium developments. After decades of growth, available land is scarce. [Excerpted from Summary of Assets]