The neighborhoods to buy property in now
Realtors predict which ’hoods will be the next Logan Square.
Neighborhood | Tri-Taylor
Number of 2-bedroom condos sold in past six months 7
Average price of 2-bedroom condo $92,022 list; $84,583 sale
(triangle bound by Congress Parkway to the north, Ogden Avenue to the east, Metra tracks to the west)
Advantages Close to public transportation (Blue Line, multiple bus routes), restaurants galore (Little Italy, Greektown, University Village), downtown and the medical district
Disadvantages Small neighborhood with limited housing options
Frontier-worthiness The ’hood is poised to grow: “The average age is 29.5 and households with kids are at 58 percent,” Breaker says, adding that the area’s drastic price increase of $10 per square foot each month in 2012 is a clue that it’s on the verge of exploding. But right now? “The numbers show you can buy a lot of condo for the money,” he advises.
A local says “Tri-Taylor is this quaint little corner of the city that’s still connected to old Italian tradition. My wife’s grandmother got her wedding cake from Ferrara Bakery, which is still on the corner of Taylor and Ogden. Also, the area is starting to form a real community. Another resident just organized the renovation of Claremont Park—got a lot of folks involved, secured private fund-raising and some public funds. It has a new playground and a dog park.”—Sagar Gokhale, 36