How High Are You Willing to Pay for Uptown?
The Uptown neighborhood of Chicago has held promise for years. Situated north of Lakeview along the lakefront with historic avenues and great housing stock, you’d think that the Lakeview gentrification would have spread years ago to the neighborhood.
And it has- a little.
But Uptown still seems to suffer from a lack of retail, lack of restaurants and higher crime.
Yet housing prices have risen there just like everywhere else. The question becomes: how much are you willing to spend to live in Uptown?
This lovely single family home at 833 W. Lakeside Place is on the market on a quiet street not far from the lake. It was converted from a two flat and has a 2.5 car garage.
But it’s only 2 bedrooms and 1.5 baths. And it is listed for the pricey price tag of $799,000.
With everything else that is on the market in many different neighborhoods at this similar price point, are buyers willing to pay that high of a price for Uptown?
Ginger Bonneau at @Properties has the listing.
Well, this neighborhood is just a mile north of Wrigley Field, it’s near the lake, and it’s situated with a thriving Lakeview to the south, a thriving Edgewater to the north, and a thriving Lincoln Square to the west. Hmmmm, what could be the variable here that really prevents this neighborhood from changing?
I hope everyone plans to vote in the next aldermanic election. I know I will.