Relive the gilded age
It’s been awhile since this Near South Side neighborhood’s glory days, when it welcomed waves of African Americans in the Great Migration and boasted some of the grandest mansions in the city. But thanks to the new DePaul basketball arena (scheduled to open in 2017) and a Mariano’s that will (finally) fill a lot at Pershing and Martin Luther King that’s sat vacant for 10 years, the area is poised for a resurgence.
“On King Drive you can buy a graystone that’s relatively updated, with four floors of finished living space, for $450,000,” says Margi Hazlett, an @Properties broker. The rub? You go a block away, and it’s dilapidated. True, violent crime is high in the community area of Douglas (43 crimes per 1,000 residents), which encompasses Bronzeville, so you’ll want to focus your search within the smaller nabe. In addition to King, check out 35th Street from the Dan Ryan to Cottage Grove for historic graystones begging for renovations (and priced so you’ll have money left to do them).
- Typical sale price (house) $375,000
- Typical sale price (condo) $145,000
- Train stations One el stop and one Metra stop
- Grocery stores Two (plus Mariano's opening this summer)
- School quality Middle third