Thursday, February 28, 2013

Finding your Dream Home: Best Chicago Neighborhoods to Buy a Home

Chicago is an incredible place to live. Each season offers a new bout of festivals and activities, while year round staples like restaurants and historic landmarks make the “Windy City” a popular destination for first time homebuyers. Newlyweds, singles, and families can all find a neighborhood that fits their needs and wants in this diverse and exciting city. Here are a few neighborhoods we have on our watch list:

The Loop
During the day, this neighborhood buzzes as commuters populate what is known as the “financial district”. While this area is primarily known for the skyscrapers that are home to many businesses, it is also a unique and exciting place to live. Millennium and Grant Park offer a variety of activities and an abundance of greenery which are perfect for a couples’ stroll or a family walk in the park. While the daytime is buzzing with restaurants and shopping, you still have to take time to appreciate the beautiful architecture and the exhibits offered at the museums. The only downfall is much of the restaurants and shops close down after business hours, as many of the customers leave the city after the work day.

Lincoln Park
Lincoln Park is touted by many as one of the finest neighborhoods in Chicago. With a variety of restaurants and trendy boutiques, Lincoln Park appeals to a multitude of interests and tastes. This family and pet-friendly neighborhood has everything you would need, from grocery stores, to fitness clubs all within walking distance. It is also home to favorites such as the Lincoln Park Zoo and North Avenue Beach.

Old Town
The character of Old Town gives its residents a taste of the rich history of Chicago. Historic landmarks, such as St. Michael’s Church are scattered throughout this idyllic neighborhood. Streets lined with Victorian-era style homes are side by side with local shops and eateries. This is an ideal neighborhood for couples, families or singles seeking a more historic residence, while still having access to the benefits of modern city life.

River North
The area now known as River North was formally very industrial. But during the late 20th century, real estate developers transformed the area into the now affluent residential district it is today. River North is home to art galleries, upscale restaurants and dance clubs, which provide constant entertainment for its residents and those passing through. Set on the Chicago River, this neighborhood is a true gem on the near North side, and is very compatible for singles, couples and families.

Chicago Mortgage Rates

Illinois 30 Year Fixed as of February 28, 2013 3.375%/3.495 APR

Illinois Jumbo 30 Year Fixed as of February 28, 2013 4.000%/4.099 APR

Please click this link for APR assumptions and more IL mortgage rates


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