Gresham is one of the more uniquely bordered neighborhoods in that a majority of it's boundaries follow long established rail lines. Located on Chicago's South Side, nestled between Stewart Ave (~400W) on the East and Western Ave (2400W) appropriately on the West, Gresham stretches from 75th St (7500S) to it's most extreme southern point at 91st St (9100S).

In the late 1800's and early 1900's, a boom of transportation lines, both street cars and rail, made Gresham an easy sell for developers looking to accommodate residents seeking to leave some of the older and more congested areas of the city. By the end of the 1930's, Gresham saw an impressive near-triple increase in local population. The vast majority of residents enjoyed multi-unit two and three flats, apartment buildings, and quaint bungalows. Through the last half of the 20th century, civil unrest and private business disinvestment began to take a toll on this middle-class, prosperous neighborhood. In the mid 1990's, Gresham was reawakened; local organizations and area leaders brought on a resurgence of investment. Corridors along 79th St (7900S), Ashland Ave (1600W), Racine Ave (1200W), Halsted St (800W), and nearby 69th St (6900S) became evident of the determination of the area to become revitalized.

Gresham has evolved into an investor's dream! Many multi-unit, two, three, and four-flat homes are on the market and most of which will need some minor repair at the bare minimum. Vacant lots abound and first time home builders and real estate developers are taking advantage of the inexpensive parcels. Chicago even offers a TaxSmart Mortgage Credit on qualifying mortgages of approved properties in the area. This credit may actually reduce the amount of federal tax that you will owe!

There are, however, many finished properties in Gresham; all of which speak to the gentrification of the area that has been swift and strong over the last 10 years.

Statistics by Zip Code:

• In 60620, the median home price was $175,000 as of October 2007, which shows a difference of 3.55% in appreciation from the previous year.

The Gresham Neighborhood is part of Chatham Community Area, Greater Grand Crossing Community Area, Ashburn Community Area, Auburn Gresham Community Area, Washington Heights Community Area, and Englewood Community Area.

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