Three little words: location, location, location. When the going gets tough in the investment world, the world takes flight to quality. And in real estate, quality is virtually synonymous with location. The South Loop may suffer disproportionately in the near term due to its enormous supply of new housing units coming onto the market over the next few years, but you can’t take away its location: along the lakefront, at the hub of all mass transit lines and within walking distance of Grant Park, Museum Campus and the Art Institute, shopping and Soldier Field. Those who can buy on price weakness and hold will do quite well.
Gold Coast; Logan Square (tie)
Best of Chicago 2007