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Booming Chicago Development adds up to Considerable Real Estate Opportunities

Apr. 2nd, 2009
in Real Estate
by Josh Borge

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by Josh Borge

When it comes to Chicago development, Chicago is a city that is growing in leaps and bounds, holding more than half the population of Illinois just within its metropolitan area. The 2000 census racked in Chicago’s population at just under 3 million people. This size of populace contributes to a booming housing market, and finding Chicago real estate for sale is as easy as taking in any of Chicago’s other famous delights, whether it be a deep dish Chicago pizza, a Cubs game or a visit to any one of Chicago’s prominent cultural museums.

Yet it takes more than a population count to prove Chicago development. Not only are there numerous options for Chicago real estate for sale, but the city also boasts some of the best arts and cultural opportunities in the world. Whether you’d like to check out the Chicago Symphony Orchestra or see some of the world’s greatest art at the Art Institute of Chicago, Chicago dishes up arts and entertainment as thick as its famous pizza.

The development of Chicago even goes as far as its transportation system. It’s a major transportation hub in the United States, playing an important role in global distribution. It’s the only city in North America that boasts six railroads, and a third of the country’s railways pass through the city. Chicago’s extensive transportation systems make it a center of business and industry, which only serves to strengthen its real estate market.

Chicago features numerous health care options, including the University of Chicago Medical Center, ranked 14th Best Hospital in the Country by the U.S. News and World Report. The city is also home to the University of Illinois College of Medicine, the largest medical school in the United States.

Chicago also has the advantage of being served by two airports, including the Midway International Airport on the south side, and the O’Hare International Airport, one of the world’s busiest airports, on the northwest side.

Chicago also has one of the most extensive park networks in the country. The Chicago Park District features 552 parks that take up 7,300 acres. Its largest park, the Lincoln Park, is the second largest city park in the world, second only to Central Park in New York City.

Chicago is well known for its nightlife, which has a certain appeal due to the vast amount of waterfront property in the city. Over a third of the city’s population lives along the lakefront on real estate that only accrues in value.

Chicago is a bounding city where real estate options are unlimited. The excitement of the nightlife, combined with the vast cultural and recreational opportunities the city has to offer, makes Chicago real estate a hot item. Chicago real estate continues to maintain its value, despite the downturn the economic recession has had on real estate in other parts of the country.

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