Multifamily Market TrendsAvondale ~ Logan Square ~ Hermosa
Avondale is a well known, culturally diverse neighborhood. Located just 6 miles northwest of the Loop, the community is known for its eclectic culinary scene, accessibility to public transportation, cultural diversity, and entertainment scene. With so much going right for the neighborhood, it is no surprise that Avondale has experienced an uptrend in growth and positive publicity. Poised to be Chicago's next 'it' neighborhood, Avondale entails everything to be found in a neighborhood on the rise.
Logan Square is located only 5 miles northwest of the Loop, is one of Chicago's liveliest, and rapidly evolving neighborhoods. A progressive mix of the old with the new has helped define Logan Square as a growing Chicago community with deep roots to the region's history. One of Chicago's oldest communities, Logan Square has become one of the city's most advanced as well. Offering a seemingly endless array of entertainment, nightlife, shopping, dining, and recreation options, Logan Square leaves its residents with little initiative to leave its cozy confines. With chic modern buildings, old-world mansions, houses, and two- and three-flat graystone buildings, the community is site to historic architecture. Spacious tree-lined boulevards, lush green parks, and a closely-knit neighborhood feel also make up this wonderful Chicago community. Logan Square is home to the renowned Congress Theater as well.
Hermosa is located on the northwest side of Chicago, encompassing both the Hermosa and Kelvyn Park neighborhoods, Hermosa remains best known for staying true to its quiet, community-oriented feel. Unlike surrounding areas that have drastically changed in large part due to development, Hermosa has progressed while remaining a community-centered neighborhood. Today, Hermosa is well known for its many independently owned casual restaurants, cafes, and outdoor recreational spaces, as well as for its strong sense of togetherness, and proximity to transportation and the downtown area.
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