South Shore

The Chicago neighborhood of South Shore is close to both Lake Michigan and the Loop, but still removed enough to keep real estate prices reasonable. People are taking notice and moving to South Shore. Nearly 150 homes were sold in this neighborhood last year, in large part because the average price is around $165,000, with the range extending from $23,000 up beyond $720,000.

The “Rust Belt” syndrome that consumed much of the area likewise took a heavy toll on the once bustling industrial area of South Shore. Restoration and improvement on many of the turn-of-the-century homes have made this neighborhood affordable and increasingly alluring to buyers. These newly contemporary homes are large and offer plenty excellent benefits. The boundaries of South Shore are Lake Michigan and Stoney Island, and Marquette and 79th Street.

South Chicago, originally settled by Irish and Swedish traders, was once affiliated with the lumber and steel industries. The demographic now is primarily Hispanic and African American. Homes sell for between $30,000 and $180,000, with a good number of rental opportunities at or below $600 per month. The area has some schools. South Chicago is delineated by South Chicago Avenue and the Calumet River, and 79th Street and 95th Street.

Marynook, also of the Avalon Park area, has an average home price of $115.