Chicago is located on Michigan Lake & Chicago River at northeastern Illinois, U.S. Chicago has abundant port facilities. The City population recorded in 2000 was estimated as 2,896,016. It was the birthplace of skyscraper in the 19th century and its boasting designs by eminent architects, including Louis H. Sullivan, Frank Lloyd Wright and Ludwig Mies van der Rohe. In 1942, the Chicago University produced the first Nuclear chain reaction. After World War II, the suburbs developed rapidly rather than cities, as their population subsequently dropped. It is a major industrial, commercial and transportation center.
It is the third biggest city in the United States and the heart of a metropolitan area of over 8 million people, it is the financial, and cultural center for a vast region and a mid-continental shipping point. It is a Great Lakes port, it is also an historic rail and highway hub.
ECONOMY: Chicago turns approximately $390 billion from its gross metropolitan products in the nation. It has also rated for having most balanced economy in the United States because of its high level of diversification. It is a second largest business district in the U.S. The city is the headquarters of the Federal Reserve Bank of Chicago, it is also a home to four large financial and future exchange which includes Chicago stock exchange, the Chicago Board of Trade (SBOT), the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange. Surrounding areas of the city is the house for many major brokerage firms and insurance companies such as Allstate Corporation and Zurich North America. Chicago is not only a rust-belt city but also a high-technology and information-technology industry employment in United States as per the studies indications. Manufacturing includes chemicals, metal, machinery, and consumer electronics and printing, publishing and food processing also play a important role in the city's economy.
Education: Chicago public schools (CPS) controls over 600 public elementary and high schools in Chicago. Chicago has been the world center for Higher Education since 1890s. Its top two Universities are University of Chicago in Hyde Park on the south side and Northwestern University in north side.
Real Estate Dec, 06: For the quarter of the year the market has slowed down. The investors are taking advantage of falling home prices. New construction of condominiums have been taken place with the average price of $250k while Single-family homes could go much higher. The properties that is showing reasonable price are only moving from the market.
Available Zip Codes: 60614, 60610, 60607, 60660, 60601, 60602, 60603, 60604, 60606, 60612, 60661, 60611, 60622, 60647, 60613, 60618, 60657, 60653, 60649, 60652, 60615, 60619, 60617
A few minutes distance from the downtown located affordable priced properties. It also gives you great access to the Lake Front and offers you the appreciation of Historic Chicago Neighborhoods merged with Modern sophisticated construction makes the Bronzeville place an ideal place to live.
As we close out the year, the current market still leans towards the buyer. The motivated sellers are doing every possible thing to make their home look more attractive to the buyers. If you are looking for the home, please fill the form to get the free quotes online. We will match your quotes with the top mortgage lenders of the area. It will help you to choose the best suitable quote for you.
