One of the best parts of my job is getting to see this great city evolve. I keep a close watch on promising neighborhoods around Chicago, especially for clients who are looking to make smart and affordable investments in areas that will only continue to grow. I’m happy to share my top three picks for up-and-coming neighborhoods on the blog today!
Located three miles southwest of the Chicago Loop in the Lower West Side, Pilsen is one of the city’s most colorful neighborhoods on the rise. It’s an arts and culture hub, with famous murals along 16th Street, Benito Juarez Park, beautiful Thalia Hall, and the Chicago Arts District in East Pilsen—now one of Chicago’s most popular art walks. The neighborhood is also full of great restaurants and breweries, including Michelin-starred Dusek’s. With continued interest from developers and prices per square foot rising annually, Pilsen is absolutely an area to watch.
In part due to the continued expansion of the University of Illinois and the Illinois Medical District, the market in Tri-Taylor gets hotter by the year. Bordered by Congress Parkway to the north, Ogden Avenue to the east, and Roosevelt Road to the south, buying here is a smart way to get more for your money while still remaining centrally located. I love the storied architecture of this neighborhood, with its gorgeous 19th century brick row houses and character-filled industrial buildings being converted into lofts. Tri-Taylor’s affordability and quiet, tree-lined streets make it perfect for families, not to mention it's near some of the best Italian food in the city!
As the fastest-growing neighborhood in Chicago and winner of Curbed's 2017 Curbed Cup, South Loop has it all. Developers have been keeping up with the demand for housing here by converting former warehouses and factory lofts into fashionable residential buildings, as well as taking advantage of vacant or underused land for townhouses and highrises. Importantly, many of these are still budget-friendly options compared to other neighborhoods in the downtown area. South Loop may also be home to one of Chicago’s biggest developments in decades, as Related Midwest is currently seeking the city's permission to build up to 10,000 homes on a vacant 62-acre riverside site. With its incredible dining, proximity to the lakefront, and a bid for Amazon’s second headquarters to potentially be developed here as well, South Loop is a major star on the rise.