Investors buy bigger share of properties in South Shore than other nearby areas
CHICAGO – South Shore is a Chicago lakefront community where data from the DePaul Institute for Housing Studies say in the past three years, investors have been buying up bigger shares of property than nearby neighborhoods.Why is the South Shore community so attractive?One reason is the Obama Presidential Center being built in Jackson Park on the northern boundary of the community.
Dixon Romeo, executive director of Not Me We, a grassroots group advocating for housing protections in South Shore, said he worries about investors who become landlords because 'they're not committed to trying to keep rents low.'CondominiumsRomeo's concerns extend to condominiums. Those properties are also getting a lot of investor interest, particularly units in lakefront high rises.According to DePaul's IHS, there were 416 condo sales in South Shore from 2021 through 2023.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Obama hits campaign trail in critical Pennsylvania to shore up support for HarrisFormer President Barack Obama held a get-out-the-vote rally for Kamala Harris on Thursday night as the Democratic Party tried to harness the enthusiasm for one of its biggest stars in the closing weeks of the campaign against Republican Donald Trump
Read more »
Obama hits campaign trail in critical Pennsylvania to shore up support for HarrisFormer President Barack Obama held a get-out-the-vote rally for Kamala Harris on Thursday night as the Democratic Party tried to harness the enthusiasm for one of its biggest stars in the closing weeks of the campaign against Republican Donald Trump.
Read more »
Obama hits campaign trail Pennsylvania to shore up support for HarrisFormer President Barack Obama held a get-out-the-vote rally for Kamala Harris on Thursday night as the Democratic Party tried to harness the enthusiasm for one of its biggest stars in the closing weeks of the campaign against Republican Donald Trump.
Read more »
Obama hits campaign trail in critical Pennsylvania to shore up support for HarrisPITTSBURGH (AP) — Former President Barack Obama held a get-out-the-vote rally for Kamala Harris on Thursday night as the Democratic Party tried to harness
Read more »
Obama hits campaign trail in critical Pennsylvania to shore up support for HarrisFormer President Barack Obama held a get-out-the-vote rally for Kamala Harris on Thursday night as the Democratic Party tried to harness the enthusiasm for one of its biggest stars in the closing weeks of the campaign against Republican Donald Trump.
Read more »
Soul food restaurant Nafsi 1916 opening at South Shore Cultural CenterA gem in Chicago's South Shore that was once a white's only country club now hosts a new Black-owned restaurant. Soul food is at the heart of the renovated space and enclosed patio on the edge of Lake Michigan.
Read more »