Chicago Real Estate: Will the Boom Continue?

Chicago, isn't only Frank Sinatra's "kind of town", ittall Chicago Spire (now under construction) will be
is a city loved by many people. Chicago is as(upon completion, in 2010) the tallest building in
cosmopolitan and as cultured San Francisco, yetAmerica, and the tallest residential building in the
as street-wise as New York; it is the city thatworld. For those who aren't thrilled about living
unites this great land - the 'heart' of America, ifalmost half a mile above the Windy City's streets,
you will. In terms of music and art, Chicago hasthere are plenty of other housing options in
always been ahead of the times: while New York"Chi-town".
shows us "what IS", Chicago shows us "what will"Rehabbed" buildings account for some of
BE". In terms of Industry, Chicago was theChicago's most architecturally interesting and
fountainhead of the West, and a driving force insought-after homes. Rehabbing is simply the
the very creation of America. Today, with therehabilitation, refurbishment and often restoration
city of Chicago still growing, but housing boomof old buildings that have fallen into disuse, usually
settling down, people are wondering about thefor residential use (lofts). Rehabbed buildings
state of Chicago real estate.include former warehouses, factories, and other
The fact is, while some Chicago neighborhoodsindustrial buildings, many of which have been
are showing declines over the last year in bothgranted Heritage status by the City. Chicago's
asking and selling prices, other areas of the city -industrial past has left a wonderful selection of
notably, Des Plaines - are showing encouragingbeautifully restored loft buildings, and matching
increases. And, while the Chicago housing marketneo-architectural condos.
is not as "hot" as it was a couple years ago, it isAnother choice open to those looking for a home
certainly a great place if you're looking to buy ain Chicago, is the foreclosure market. While this
home that you plan on keeping for a whilecan be a tough nut to crack - and an especially
(whether a home or a rental property). Here'sdifficult for those just looking to get rich quick - it
why:is a viable way to save considerable money on a
GROWTH & "REHABBING"home. Whatever you choose to do, whether it's a
Yes, at 3 million inhabitants (9.5 in the Chicagoloft, a condo, or a new family home, if you're
Metropolitan Area, or "Chicagoland"), Chicagolooking to buy a home in Chicago right now, the
continues to grow. As both a testament to and amarket is on your side!
symbol of this growth, the magnificent 2,000 foot