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Lincoln Square Neighborhood HistoryRyan WallenfangLong before the intersection at Lawrence Avenue and Western Avenue was called the Lincoln Square Neighborhood, the area was mostly tranquil hardwood forest and lush green pasture land. Horse-drawn carts carried sleepy workers up a sandy path that was Western Avenue. It was the outskirts of Chicago where people would camp in the forest as immigrants found work in pickle and onion fields or tended livestock on the farms. After the Chicago fire, strict building codes forbade the construction of wood-frame homes within the city limits. So, people moved to the less congested, green acreage North and West of the city’s center. Many of them German immigrants, they built less expensive wood structures in what became the Budlong Woods Neighborhood, the Ravenswood Neighborhood, and the Winnemac Neighborhood. (Read More…)
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The Chicago Tribune Real Estate section ran a story about buying multi-unit buildings for investment. The gist is, rents are pretty good again so multi-units offer a good way to invest in real estate. Several local real estate heavyweights were tapped for advice (somehow I must have missed that call). (Read More…)