Chicago Housing Market 2022 (Berwyn, Fulton, Bridgeport: renters, condos, townhomes)

[BRU67]

I do not doubt that there is gang activity. Or obviously that there are gang shootings. But in my immediate area, near 26th and Central Park, just not really hearing it. I have heard it off in the distance very late at night a few times but again, I don't even know if that's coming from our neighborhood or North Lawndale. It wasn't nearby.

So it's good you live in the neighborhood. So you should definitely want to see the big win. It will happen. I'm just keeping my mouth shut, but it will.

[dtcbnd03]

Little Village is amazing. I've only driven through when I considered investing in some real estate there and was blown away by 26th street. The shops, restaurants, atmosphere, etc. was really cool. Ultimately being south of 290, lack of nearby spillover, distance to el and shockingly low rents made me invest elsewhere. But when gentrification does hit that area look out...26th street is exactly the type of stretch that will boom. I wish East Garfield Park had a similar stretch. It used to along Madison until the MLK riots. If Madison looked like 26th does now then EGP would be gentrified by now.

[BRU67]

Originally Posted by dtcbnd03

Little Village is amazing. I've only driven through when I considered investing in some real estate there and was blown away by 26th street. The shops, restaurants, atmosphere, etc. was really cool. Ultimately being south of 290, lack of nearby spillover, distance to el and shockingly low rents made me invest elsewhere. But when gentrification does hit that area look out...26th street is exactly the type of stretch that will boom. I wish East Garfield Park had a similar stretch. It used to along Madison until the MLK riots. If Madison looked like 26th does now then EGP would be gentrified by now.

I think East Garfield Park is going be ok too. The Geen Line and the rapid growth of the West Loop should ultimately see to that. If I was betting on two still somewhat affordable neighborhoods, those would probably be the two. I think East Garfield Park is a bit rougher to live in right now. In Little Village, you more or less have a normal urban life, so long as you stay out of the gang dispute zones late at night. EGP still needs a lot of seasoning. But when the market cools down a little, I'm definitely going to look for something in EGP.

[dtyfygiu]

Why didn't pilsen gentrification spillover to little village?

[TBideon]

Pilsen is by no means gentrified, and its alderman seems to do little but prevent housing from being built on empty lots and encourage vandalizing coffee shops. Pilsen's supposed renaissance and (dying) arts district are long exaggerated. Plenty of gunfire west of Damen on nights and weekends for people who accept that sort of thing. I like the area... but it's a bit overhyped.

As for why Little Village is still dangerous, and clearly that's somewhat subjective, I suppose the city's stagnated population slows down such momentum.

[BRU67]

Originally Posted by TBideon

Pilsen is by no means gentrified, and its alderman seems to do little but prevent housing from being built on empty lots and encourage vandalizing coffee shops. Pilsen's supposed renaissance and (dying) arts district are long exaggerated. Plenty of gunfire west of Damen on nights and weekends for people who accept that sort of thing. I like the area... but it's a bit overhyped.

As for why Little Village is still dangerous, and clearly that's somewhat subjective, I suppose the city's stagnated population slows down such momentum.

I think this is correct. If the City's professional sector takes back off, and grows even half as much as it did during the 1990s, then you'll probably see LV and EGP gentrify. If they don't, you probably won't, until that occurs anyway. That's why the remote work wildcard is so important, and also why it's so important that we have strong business development, which in turn requires low (ish) crime. That's why voters should bounce both Lightfoot and Foxx out on their ears next election!!

[TBideon]

Little Village is much more likely to improve before East Garfield Park. At the end of the day, Hispanic neighborhoods, even those with a lot of crime, are still somewhere functional and have supported businesses. They are working class neighborhoods and haven't fallen off the cliff despite obvious challenges.

We just don't see that in poor black neighborhoods like EGP. Too much chaos, disinvestment, hopelessness, etc.

[via chicago]

Originally Posted by TBideon

Little Village is much more likely to improve before East Garfield Park. At the end of the day, Hispanic neighborhoods, even those with a lot of crime, are still somewhere functional and have supported businesses. They are working class neighborhoods and haven't fallen off the cliff despite obvious challenges.

We just don't see that in poor black neighborhoods like EGP. Too much chaos, disinvestment, hopelessness, etc.

Woodlawn and Bronzeville are proving this notion false

[dtyfygiu]

Originally Posted by via chicago

Woodlawn and Bronzeville are proving this notion false

South Shore, Grand Boulevard, Washington Park, and Chatham too. All neighborhoods that gained in population and have developments going on.

[TBideon]

Originally Posted by via chicago

Woodlawn and Bronzeville are proving this notion false

Bronzeville is an interesting case - the commercial districts are garbage but residential is booming - but Woodlawn is still in very rough shape.