Stepping Stones Attract And Retain Residents In The Near North Side Neighborhoods

Stepping Stones Attract And Retain Residents In The Near North Side Neighborhoods

It's no secret that developers have taken over the downtown skyline and the Near North Side is gaining the largest number of new towers. While there is a mix of hotels, condos, and apartments the majority of the buildings will be apartments. As we discussed last month the neighborhoods that make up the near north side have been consistently desirable and home values have been steady with an upward trend. Having most of the new construction will certainly advance the desirability of these neighborhoods. Hotels increase restaurant and entertainment options as well as tourism and neighborhood awareness to the world. An interesting thing that longtime neighbors may have already noticed is that hotels and apartments can act as stepping stones for new neighbors. 

Image title

Image title

River North is the home to the University of Chicago's Booth School of Business, which consistently ranks as the first or second best MBA program in the country. Students from all over the world flock to the Near North Side neighborhoods to attend this prestigious school. Those in the weekend program tend to stay in hotels and those in the part-time program often rent in the various luxury high-rises near Gleacher Center. At the end of the program many of these students find high profile jobs with influential companies. With the influx of corporate headquarters that are coming to Chicago these students will have more opportunity to stay in the city and, therefore, the neighborhood in which they have spent the past few years. This is just one example of how the Near North Side is well positioned to continue to be a very desirable neighborhood for many years to come. A higher increase in apartments will also help keep the inventory of condos for sale down, which helps push prices up.

Image title

Molly Heyen

[email protected]


Molly Heyen Headshot
Phone: 312-772-3112
Dated: April 7th 2018
Views: 22
About Molly: A licensed real estate broker associate since 2005 Molly Heyen also has expertise in account managem...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Signs Of Generations Moving And More Inventory Coming To The South Loop - Like last month, low inventory and
Cure Ald FUNDRAISER - Hello friends!  👼;
Do This To Get The Home You Want - Are you ready to beat the
Using The MLS As A Crystal Ball For Pricing Your Home - It's said that pricing is 80% of

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Illinois
939 West North Avenue, Suite 750
Chicago, IL