Whether you’re looking to buy a home in a Near North high rise or you hear the Bungalow Belt calling your name, research has consistently shown that owning real estate can be one of the smartest investments there is for building wealth, and securing your long-term financial outlook - even in these unpredictable times.

Survey Consistently Ranks Real Estate as the Best Long-Term Investment

Homeownership has long been favored as a way to start building up your wealth, particularly when you look ahead to the future. In fact, did you know that, historically, current and future homeowners trust real estate as a worthy long-term investment tool more than any other investment vehicle? In a 2020 survey from Gallup, brought to our attention by Keeping Current Matters, Americans selected real estate as their choice for the best long-term investment for the seventh year in a row, rating it above stocks/mutual funds, gold, and bonds. 

Image Source: Flickr User James~Quinn (https://www.flickr.com/photos/jayqueue/117977633/)

Why Lincoln Square?

Lincoln Square is a really wonderful blend of old and new. Heavily influenced by its past as a German cultural hub, this neighborhood is home to the DANK Haus German American Cultural Center and Chicago's Berlin Wall Monument, along with stellar restaurants and Giddings Plaza, where it always seems to feel like Oktoberfest. 

Simultaneously, the Old Town School of Folk Music, which moved to the neighborhood in 1998, brought a musical renaissance to Lincoln Square. Check out Laurie's Planet of Sound and the Grafton for an expansive selection of recorded and live music. And, if you're in the mood for something spooky, visit the Rosehill Cemetery, where the Oscar Mayer is buried. 

Looking for more things to eat, drink, and do in Lincoln Square? Check out some of our favorite online resources for the neighborhood:

Are you interested in calling this historic, lively neighborhood home? Here are the current housing market statistics you should know for 2021:

Lincoln Square's Current Condo Market

Photo credit: Alanthebox via Wikimedia Commons

Why Lakeview?

Lively and accessible, Lakeview is the perfect blend of everything Chicago has to offer. Not only is the neighborhood home to the legendary Chicago Cubs baseball team and their iconic ballpark, Wrigley Field, but it's also the spot for a wide array of nightlife and entertainment.

For those looking for something scenic, Lakeview lives up to its name, offering residents gorgeous views of Lake Michigan with easy access to the Lakefront Trail. It's also host to Chicago's annual LGBTQ Pride Parade, and Lakeview's chunk of Halsted Street is home to numerous LGBTQ resources and support centers.

Lakeview is the second largest ward in the city, with a population of more than 98,000 folks - a group that once included Charlie Chaplin, among other famous film and music stars. Here are a few handy resources for learning more about Lakeview:

If you're looking for a new home, you should also be looking into Lakeview for not just its abundant charms, but its vibrant housing market! Whether you're looking to buy or sell a condo or a single family home, Lakeview's market is worth a look this year. Here's what to know right now:

Lakeview's Current Condo Market 

1. The Average Sales Price of a Lakeview Condo Climbed In 2020

Who could have seen 2020 coming? The last year was an unusual and unpredictable one in the real estate world. While industry experts always anticipate a little bit of turbulence in presidential election years, nobody saw the COVID-19 pandemic coming. In fact, words that were often used to describe the Chicago real estate market heading into 2020 were “steady,” “boring,” and “same old.”

How naive we all were! 

2020 was a singular year, one that will always be remembered in terms of social distancing, face masks, and Zoom calls. In the real estate world, 2020 was a shock to the system — but one that helped prove that, really, the system is fairly strong, stable, and resilient. 

While the early months of the COVID pandemic brought a lot of uncertainty and some hasty changes, real estate professionals and their clients adapted swiftly here in the Chicago area — and activity remained incredibly robust throughout summer, fall, and even winter as a result. 

At the same time, these last several months have reaffirmed the importance of having a place to call home. We’ve all spent more time than ever thinking about what we like and dislike about our spaces, while adjusting to a “new normal” of remote work and schooling. This time to reflect and adapt will reshape what buyers are looking for, long after the pandemic has finally come to an end. 

So, what can we expect now that vaccines are being delivered, a new federal administration prepares to head to the White House, and homebuyers and sellers are starting to make their lists of New Years’ resolutions? 

Here’s a look at what we can expect in the Chicago real estate market for 2021:

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