Lincoln Park Real Estate
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History
In the mid 1800's the area now known as Lincoln Park was considered remote. As such a small pox hospital and cemetery were built in the area to address the problem of small pox during this period. At this time land in the area went for an amazing $150/acre!
Similar to New York, Chicago was witness to an influx of immigrants during the mid 1800's. Germans were among the first to the area participating in the established agriculture trade. Others brought their steep tradition in brewing beer to the area. Around 1865 city leaders, taking inspiration from New York's Central Park, blocked out a 120 acre block of swamp land along the lake. The area was dredged and dubbed "Lake Park" only to be renamed to Lincoln Park after President Lincoln's assassination.
As the aforementioned immigrants took roots and established businesses, many of them became affluent leaders in the area and built extravagant homes, some still standing today. As growth continued in the area, so did property values. Feeding the real estate boom around the turn of the century was the expanding retail. Restaurants and shops began to spring up around what is now Clark street.
Recently Lincoln Park has seen an influx of young professionals seeking to rehab some of the older homes. Along with this has come a demand for increased parks and other attractions. Property values have increased steadily as a result and will likely continue to do so for the foreseeable future.
Lincoln Park Today
Housing
With a population of roughly 65,000 people, Lincoln Park appeals to singles in their 20's to long established families and everything in between. Lincoln Park is home to some of Chicago's most magnificent lakefront homes dating back to the great Chicago fire. There are no shortage of beutiful grey and brown stones, many of them with original wood work and fireplaces.. Many of these historic homes have been well maintained and converted into condos to meet housing demand in the area.
Renting demand is high in this area due to it's close proximity to the lake and good schools. A one bedroom will start around $1200 while a two bedroom apartment will start around $1800. Owning a home in Lincoln Park will depend on location. You can expect a one bedroom with parking to start around $275,000. A typical 2 or 3 bedroom around 2000 sq ft will begin in the 500's.
Attractions
Few would argue against the idea that Lincoln Park offers more than any other community. Anchoring the community are Lincoln Park Zoo, De Paul University, beaches, bike trails, and a myriad of boutique shops and restaurants. It's close proximity to the loop along with easy transportation make it ideal for those commuting to and from work.
Lincoln Park Bars and Clubs
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