Which Chicago neighborhood will sky rocket in value next? (Riverside: condo, appliances)

[pete6032]

Avondale.

[MannheimMadman]

Originally Posted by BRU67

Logan Square and Pilsen are definitely more hip than Lincoln Park is now. But Lincoln Park isn't going anywhere. There's too much money there and it is too well established. The type of person moving to a $800,000 luxo townhome in Lincoln Park is not the same type of person moving into a $1,600 month shabby chic apartment in Pilsen.

I think Lincoln Park is morphing into a version of the Gold Coast. Older money. It'll be the viagra triangle for the wealthy Gen Xers.

I definitely think you're right about Lincoln Park (and I'll add Lake View, to some extent.) They are definitely trending towards 'older money' in the sense that the neighborhood has been gentrified for what, almost 30 years now?

I'll definitely agree with anyone else who says that we're not going to see anymore huge upturns in value any more. The whole cause of these quadrupling in values was the spiraling of the in the late 60's through early 80's, and then the scooping up of land that was severely under-valued.

At this point, it seems like most neighborhoods within the realm of an easy commute to the loop have either been 're-discovered' or 'gentrified'. Logan Square is just about and critical mass - see all of the new developments happening right now. North of Logan Square is Avondale, which is hardly 'undiscovered', and then you're got all of the northwest side neighborhoods that were never bad to begin with (and probably too boring and hip, and not close enough to the loop for millennials to gentrify.)

You would have to start heading much further west into Humboldt Park and East Garfield Park, which are still the realm of urban pioneers. Further, since there's no el line out there, it's much more inconvenient, which means you're not going to get the mass acceptance.

[MannheimMadman]

Originally Posted by pete6032

Avondale.

I know you're playing around because that ship has already sailed.

[PulSamsara]

Albany Park. The area within 1/4 mile of the Kedzie brown line stop.
No, I don't live there.

[chicagobear]

Originally Posted by PulSamsara

Albany Park. The area within 1/4 mile of the Kedzie brown line stop.
No, I don't live there.

That's a pretty good pick. El stops are key.

[OyCrumbler]

East Garfield Park probably. It's right now a rough area but it has a gem of park, is fairly close to currently good and improving neighborhoods and it is served by two rapid transit lines. It's probably the only area that can make a massive jump though quadrupling in ten years would be pretty ridiculous.

[BRU67]

Originally Posted by OyCrumbler

East Garfield Park probably. It's right now a rough area but it has a gem of park, is fairly close to currently good and improving neighborhoods and it is served by two rapid transit lines. It's probably the only area that can make a massive jump though quadrupling in ten years would be pretty ridiculous.

I definitely like EGP IF Chicago sees economic growth and jobs. I also wouldn't rule out spillover from Pilsen westward into South Lawndale either. But again, without significant job growth (real jobs that pay), this cannot physically occur. It'll be like trying to fill an empty cup with no water!

Rahm won't survive after this term so there may be a chance for the voters to do the right thing. We can only hope that they don't act like sheeple and elect a Preckwinkle or Madigan or some other handpicked stooge to replace him. With Rahm and the Machine on the ropes, there is opportunity for new blood to step in and change the direction of this City. Scott Waguespack, are you listening??

[beaniemac]

Originally Posted by OyCrumbler

East Garfield Park probably. It's right now a rough area but it has a gem of park, is fairly close to currently good and improving neighborhoods and it is served by two rapid transit lines. It's probably the only area that can make a massive jump though quadrupling in ten years would be pretty ridiculous.

this would be my guess. it's so close to downtown, the eisenhower and public transportation, it seems like just a matter of time.

[chet everett]

Originally Posted by BRU67

I definitely like EGP IF Chicago sees economic growth and jobs. I also wouldn't rule out spillover from Pilsen westward into South Lawndale either. But again, without significant job growth (real jobs that pay), this cannot physically occur. It'll be like trying to fill an empty cup with no water!

Rahm won't survive after this term so there may be a chance for the voters to do the right thing. We can only hope that they don't act like sheeple and elect a Preckwinkle or Madigan or some other handpicked stooge to replace him. With Rahm and the Machine on the ropes, there is opportunity for new blood to step in and change the direction of this City. Scott Waguespack, are you listening??

BRU is smart enough to realize that there is no reason to believe that sorts of people that tend to move to Chicago after college for jobs in office settings in the Loop will be able to single-handedly dominate the economy.

The "rust belt" aspects of Chicago's once robust manufacturing base are suffering in the same way that such sectors are hurting in other states --

Indiana 4th-worst place to get a job - South Bend Tribune: Business

Job growth remains a challenge for Ohio, Cleveland Fed official says | The Columbus Dispatch

Michigan adding jobs but at slower pace between 2015 and 2017

The one "bright spot" in the upper Midwest is probably Wisconsin:

Manufacturing biggest single employment sector in state And even that may be distorted by the relatively small workforce engaged in the very pricey / specialized defense sector -- making anti-IED trucks: Defense spending in Wisconsin took a big hit in 2014


Unless there is a whole different kind of coordinated strategy, that inherently would pit high wage union dominated states against the "sun belt" and similar less regulated states, I see no way to ever attract the kind of investment that is happening in other states --

Volvo: South Carolina expansion is proof carmaker here to stay - Post and Courier

Alabama's Mercedes-Benz plant announces $1.3 billion, 300-job expansion | AL.com

South Carolina plant to become BMW's largest factory in the world - Mar. 28, 2014

Volkswagen moves ahead on expansion at Chattanooga plant | Times Free Press

[BRU67]

Originally Posted by chet everett

BRU is smart enough to realize that there is no reason to believe that sorts of people that tend to move to Chicago after college for jobs in office settings in the Loop will be able to single-handedly dominate the economy.

The "rust belt" aspects of Chicago's once robust manufacturing base are suffering in the same way that such sectors are hurting in other states --

Indiana 4th-worst place to get a job - South Bend Tribune: Business

Job growth remains a challenge for Ohio, Cleveland Fed official says | The Columbus Dispatch

Michigan adding jobs but at slower pace between 2015 and 2017

The one "bright spot" in the upper Midwest is probably Wisconsin:

Manufacturing biggest single employment sector in state And even that may be distorted by the relatively small workforce engaged in the very pricey / specialized defense sector -- making anti-IED trucks: Defense spending in Wisconsin took a big hit in 2014


Unless there is a whole different kind of coordinated strategy, that inherently would pit high wage union dominated states against the "sun belt" and similar less regulated states, I see no way to ever attract the kind of investment that is happening in other states --

Volvo: South Carolina expansion is proof carmaker here to stay - Post and Courier

Alabama's Mercedes-Benz plant announces $1.3 billion, 300-job expansion | AL.com

South Carolina plant to become BMW's largest factory in the world - Mar. 28, 2014

Volkswagen moves ahead on expansion at Chattanooga plant | Times Free Press

I mean, there's no doubt we should be competing for the "information" jobs that pay high and attract a demographic which prefers urban living. That is what is going to revitalize the City center. But we also need a strategy to attract and keep manufacturing jobs. The world is not made up of hipsters, as my grampy would say.

I mean, look. I understand the argument from the left that right to work states may not have manufacturing wages which would be as high as if they had strong unions. But guess what? We are already on the 400th lap of the Wal Mart Race to the Bottom 500. Unless the U.S. and its consumers crack down on China's unfair trade practices, currency manipulation, labor abuses, and non-existent environmental regulations (sorry, I'm laughing over here...ahem), then the new reality is that there are very few manufacturing jobs available, so states have to adjust and do what it takes to attract them.

Maybe if a rush of manufacturing jobs comes back to the U.S., we will be able to afford unions again. But for now, we really can't, so public policy must be adjusted accordingly.