Those looking to invest in affordable housing in a rapidly developing city need look no further than foreclosed homes in Chicago. Foreclosed homes in Chicago are available at deep discounts as banks are in a rush to sell foreclosed properties.
Investing in Chicago is also a good idea as it provides various benefits.
Chicago is the most populous city in Illinois and the Midwest and the third largest in the nation. The city has become a major North American telecommunications and transportation hub. Chicago O’Hare International Airport is the world’s busiest airport. In 2008, the city received 45.6 million domestic and foreign visitors.
In recent times, Chicago has become a center of business and commerce and is counted as one of the top ten financial centers in the world. It has been branded as an Alpha World City due to Chicago’s status in the global economy. Chicago has also been named the most American of the great cities. Therefore, foreclosed homes in Chicago are extremely attractive.
Chicago’s skyline today is one of the tallest and densest. Located in Chicago are the two tallest buildings in the nation, the Trump International Hotel and Tower and the Willis Tower, formerly called the Sears Tower. Chicago is home to several types of housing, namely townhouses, condominiums, apartment buildings, and even bungalows from the early 20th century. All types of property are available through foreclosed homes in Chicago.
The downtown area is home to financial, commercial, and cultural institutions, including Grant Park and many of the skyscrapers. The north side is home to the waterfront Lincoln Park and its zoo. The south side features the University of Chicago and hosts the famous African-American parade called the Bud Billiken Day Parade. The west side houses the largest collection of tropical plants in the Garfield Park conservatory. Chicago’s nightlife and lakefront charm attract residents and tourists alike every year.
On the cultural front, the Chicago theater community gave birth to modern improvisational theater. It led to the rise of two prominent theater groups, The Second City and IO Chicago also puts on Broadway-style stage shows. The Chicago Symphony Orchestra is ranked as one of the best in the world. Grant Park and Millennium Park host many outdoor concerts in the summer. Other music genres that are part of Chicago’s heritage include Jazz, Gospel, Chicago Soul, Chicago Blues, as well as house music and Hip-Hop.
The Chicago area is the third largest market for media in the US after New York City and Los Angeles. It is also the background of many Hollywood movies. Chicago was rated the best city for sports in 1993 and 2006. In 2008 it was number 16 among the richest cities in the world. It has the third largest science and engineering workforce in the nation. Its universities are ranked as the best universities in the world. It is also one of the world’s leading convention cities.
If you’re interested in living in a vibrant city like Chicago, your best option is through foreclosed homes in Chicago, which are available at a 30-50% discount due to foreclosures.