REPORT PREDICTS A STRONG FUTURE FOR HOUSING IN ANDERSONVILLE, LINCOLN SQUARE, RAVENSWOOD AND LAKEVIEW

If you live in the Chicago neighborhoods of Andersonville, Ravenswood, Lincoln Square, or Lakeview, your real estate will be bolstered by the abundance of local transit that is available.   Those neighborhoods are well served by a Metra Station at Lawrence and Ravenswood, along with CTA Brown and Red lines with multiple stations, and CTA express bus service to Michigan Avenue and Downtown.

According to the Urban Land Institutes, both Gen Y’ers and Baby Boomers, desire more and more to live in pedestrian friendly, transit-oriented, mixed use environments that de-emphasize auto dependency.

The research further states that Baby Boomers are stopping their flight to the suburbs, and are drawn instead to more connected, compactly designed communities. Gen Y’ers who are community-minded, gravitate toward walkable, close communities.

The proposed transit center planned for the northwest corner of Lawrence and Ravenswood and the housing located near the proposed Metra station to be built within 2 years at Peterson and Ravenswood will be well suited for these groups. See Housing In America: The Next Decade, a report posted on RIS Media for more on the results of a survey conducted by the Urban Land Institute’s fellow Ronald Terwilliger, Chair for Housing on the future of housing in America.

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