Chicago, Illinois, is the third largest city in the US - behind New York and Los Angeles - with a population of 2.7 million people, and is known, amongst many things, for its rich cuisine. Nicknamed the Windy City and situated on Lake Michigan, if you are thinking of buying a home in Chicago, or one of its suburbs you can try reaching some of our local Chicago real estate agents to get some invaluable help. Of the residences in the city, one third are located in lakefront neighborhoods, and a Chicago real estate agent will be able to direct to the best ones.
Chicago is one of the hottest real estate markets in the U.S right now. While other housing market values declined, Chicago Real Estate Agents will proudly tell you their market remained steady and took less of a dip than most other major metropolitan areas. There are several reasons for the upward trend in Chicago's market. First, Chicago remains a major tourist destination. Tourism brings dollars as well as interest in the area. Since the completion of the world-class Millenium Park on Michigan Avenue, tourism has increased from around the world.
Tourism calls for art and entertainment, right? Well, Chi-Town is world class when it comes to that. The Art Institute of Chicago is the second largest museum of art in the US and, of course, one of the Best Museums in the USA.
A variety of other forms of art are represented in the city as well, including The Chicago Symphony Orchestra, The Chicago Ballet and The Chicago Opera Theater and several famous theater groups performing in the area, such as the Goodman Theatre, the Steppenwolf Theatre Company and the Chicago Shakespeare Theater. Not to mention sports, with beloved franchises like The Bulls, The Bears, The Cubs, The White Sox, and the Blackhawks.
Today more than ever, visitors from Russia, Asia and the Middle East are bringing investment dollars and buying up property throughout Chicago. The influx of tourism and money has resulted in steadily rising prices in some of the tonier areas of the city, such as the Loop, Bucktown and the Lincoln Park areas.
So, a smart Chicago real estate agent will tell you that the city is great for living, but also very interesting for traditional long-term renters and people who like airbnb renting better than traditional renting
. If you have a property to sell, or you want to buy a piece of Chicago while it's still affordable, you need to contact a Chicago real estate agent. You don't pay anything for that! It’s 100% free! All you need to do is contact one of our Chicago Real Estate agents and go on from there!