Chicago

A global center of art, business, and tourism

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Discover Chicago's Real Estate

As one of the largest cities in the proximity of Lake Michigan and the US, Chicago boasts a huge total gross metropolitan economic output, comparable to that of Switzerland. Famed for its bold architecture, the city has several skyscrapers covering its skyline such as the popular John Hancock Center and the Willis Tower. Also, Chicago has numerous museums, including the Chicago Art Institute. One of the most populous cities in the US, the city gives real estate investors several reasons to invest in it.

Culture, History, and Business

Founded in 1830, Chicago grew fast to become one of the nation’s most important centers. Although it was originally established as a water transportation center, the Windy City evolved into an industrial metropolitan area that processed and transported raw materials to other regions. Chicago was constituted as a town and city in 1833 and 1837, respectively. Although a fire brought down a third of the Windy City in 1871, the city quickly came back to its knees. The city’s population has always been high despite the challenges it has faced, including war. 

Like the rest of Illinois, Chicago is famous for inventing and advancing a variety of performing arts such as improvisational house music, jazz, gospel, soul, hip hop, blues, and comedy. The city is continually cultivating a solid tradition of classic and popular music, performing arts, dances, and several traditions from around the world. Chicago is also famed for its Prairie School and Chicago School of architecture. Also, the culinary scene is full of a variety of popular dishes, including the Italian beef sandwich and the Chicago-style hot dog. One of the most visited places in the city is the Chicago Cultural Center. It draws hundreds of thousands of people annually who desire to see its beauty and participate in great public events that include art exhibitions, dances, films, and lectures. 

Aside from Chicago’s rich history and culture, the city is a strong trade and commercial center. The metropolitan area and its suburbs are home to over 30 Fortune 500 corporations. With other companies growing and new ones being established in the city, employment gain has been increasing for the last two decades. Chicago is also a transportation, production, distribution, and banking hub. In 2018, its gross metropolitan economic output amounted to $703.9 billion. This figure surpassed the overall economic output of Switzerland, a country that ranks 20th among the world’s biggest economies. 

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Real Estate Appeal

Chicago is very appealing to real estate investment. Since it is one of the most populous cities in the nation, demand for homes is high. Also, The Windy City is a great tourist destination, thanks to its several attractions, including the Navy Pier and museums like the Chicago Art Institute. With a solid transportation system, the region promotes business activities. Also, the increase in job growth rates means an increased purchasing power of the city’s population. The combination of these factors makes Chicago one of the best places for real estate investors. 

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Explore Chicago's Real Estate 

Will there be a real estate crash in Chicago?
Will there be a real estate crash in Chicago?

Will there be a real estate crash in Chicago?

The 32nd president of the United States of America, Franklin D, Roosevelt once declared real estate investment as the safest in the world. According to him, this is because it cannot be stolen...
Why You Should Invest in Chicago in 2020
Why You Should Invest in Chicago in 2020

Why You Should Invest in Chicago in 2020

Chicago presents numerous and safe real estate opportunities to residents and foreigners primarily because it is a very populous city. Almost 3 million people call the Windy City home. Also, the city has...

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Local Real Estate Experts

PeerStreet
PeerStreet
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Roofstock
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BoldLead
Real Estate Express
Real Estate Express
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Better Homes and Gardens Real Estate
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Keller Williams
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Foreclosure
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Redfin
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JamesEdition
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HotPads

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📍Over 12,692 investors explored Chicago

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