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Lincoln Park -  1 bedroom - 1 bath - spacious, clean & sunny unit! - Brick Building - Hardwood Floors - Modern Kitchen - Spacious Living Room - Large Bedroom w/ Double Sliding Door Closet - Updated Bathroom - Off Street Parking - access to commuter rail, bus, shops & restaurants View Listings -->


 
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Home Foreclosure

The process of foreclosures varies from the state to state can be rapid or lengthy. To avoid foreclosures other options such as refinancing, a short sale, alternate financing, temporary arrangements with the lender, or even bankruptcy may present to homeowners. There are websites which can help or can connect individual borrowers to lenders.


As of last 3 years the city had 10,294 foreclosures according to the one of the training center in Chicago. Doubled numbers of foreclosures in Chicago  was 36% higher compared with the last 4 years.

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About Edgewater

Edgewater is a north Chicago, Illinois, seven miles north of the downtown neighborhoods are adjacent to Rogers Park to the north, uptown to the south, Lincoln Square, the West and South and West Ridge to the west and north. Edgewater has the highest population density of any of the neighborhoods in Chicago. According to 2000 U.S. Census that the zip code 60640, one of the two zip codes in Edgewater (60660 was the second), was the highest concentration of gay and lesbian couples in the city, and the fifth highest in the country.

Edgewater was developed around the 1890s as a summer home of Chicago's elite. With the exception of pockets of the historic districts (such as the Bryn Mawr Historic District), Edgewater, and boasts a Skyline apartment buildings, condominium complexes, and mid-rise homes. Edgewater has highlighted two main corridors: North Winthrop Avenue and North Kenmore Avenue to Loyola University in Chicago. Winthrop and Kenmore has been restored to homes in affected areas harken back to Edgewater's glory days in the past.

Wealthy population has decreased in 1950 Chicago's suburbs were developed and opened the absorbing Chicago's middle and upper classes. As the flight came from the people of disrepair and high crime rates, which once was one of the wealthy neighborhoods in Chicago.

In 1980, the Chicago Board of Aldermen and local business owners orchestrated a revival for the Edgewater community. Edgewater seceded from the upscale community, and once again called itself its own community. New businesses to the Community, is a renovated old buildings and homes affected by harken back to Edgewater's glory days in the past.

The number of highrise condominiums Sheridan Rd. and the lake was known to have a large number of pensioners and the elderly, many living in a fixed income. Prices are more favorable than the Lake Shore Drive addresses further south. Meanwhile, Kenmore and Winthrop streets a couple blocks west suffered in mixed conditions of poverty and crime, which is very far away from their prior prestige. Recognizing the value of lakefront living close to Red Line elevated train, the improvement of the conditions and started the influx of residents. Many of Edgewater's new residents are from Africa and the former Yugoslavia. The area has a high density of Bosnian, Serb and Croat populations. These people, concerned about the civil war and tough conditions in their homeland have been encouraged to settle in the region. The city is known for accepting a new, thriving enclaves of ethnicities have been for centuries past. This new settlement of Europeans is a modern revival of this tradition.

Meanwhile, Edgewater is home to a large African community. Ethnic Ethiopia, the newly independent Eritreans, and Nigerians, to name a few, live and interact, and Edgewater. Due to increased restrictions on the industry, the taxis have to park in the main (non-residential) streets or spots with meters. Consequently, Broadway Avenue is often full of taxis parked in their African immigrant entrepreneurs. (The African community also includes further to the north to Rogers Park and Loyola University areas.) Walk the streets of Edgewater and one is a mix of African women in traditional costume and Serbian grandmothers strolling their grandchildren while the middle generation is making a living in the new world of Chicago.

Native Americans, the former Yugoslavians every part of Africa, young hipsters, new parents, first-time Homeowners, students, and many others make their Edgewater home. The average resident is outside of the classification.

An unexpected influx of gay and lesbian residents have recently moved and the land values have skyrocketed. Community is now one of the largest gay and lesbian populations in the United States. It shares that distinction with neighboring community areas of Lakeview, Boystown, and Rogers Park home. Edgewater in the Gerber / Hart Library, the largest gay and lesbian library and archives in the Midwestern United States.

 



 

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