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 Wicker Park is a small but thriving neighborhood centered on Milwaukee, Damen, and North Ave. This community and its neighbor Bucktown are both known for their draw to creative hipsters and artists. Wicker Park is defined as the area North from Division to North Ave and West of Ashland to Western Ave. Wicker Park was named by its founders, brothers Charles and Joel who established the community with a mission in mind in 1870. The mission was to build a community where all economic backgrounds could coexist. They accomplished this feat by purchasing 80 acres of land and developing it into various types of housing. Deviating from the grid system allowed them to build a variety of homes on the same block. This led to the eclectic mix of real estate you see today in the area and adds to Wicker Park’s unique flavor. The brothers also made room for a 4 acre public park which shares its name with the neighborhood “wicker park”. Today it is a popular green expanse where people can walk their dogs, picnic, enjoy a book and some sun in the summer months, or just sit and enjoy a quiet retreat from the city around them.As one would expect it is also a great place for families and children to play. This area of the city has long been attractive to musicians and artists for its variety of cafes, theaters, nightclubs, and galleries. The famous Double Door bar and concert venue is here and draws in up and coming artists as well as major headliners. Another popular activity is the Coyote Arts Festival held each autumn for one weekend. The festival opens over 50 local art studios and galleries and is known as the best art festival in Chicago. The cost of housing in this northwestern off-shoot of the city can be substantially lower which in recent years has made it popular among young professionals and families looking to get more for their money. Although this neighborhood may not offer as easy of a commute as some other locations the Blue Line El does run through the neighborhood making it accessible to all other parts of the city. There are also bus lines running along North Avenue and Damen Avenue and it is close in location to the Expressway. Getting downtown is a quick trip by car and makes it popular for those working in the Loop. Parking is also less of an issue in this area and many streets are permit only but it does not see the same congestion that other areas of the city struggle with.   Bucktown is directly to the North of Wicker Park and about twice its size. Its boundaries are west of Ashland to Western Ave and North of North Ave to Fullerton. Popular among artists and musicians it is seeing a peak in interest from others looking to enjoy lower rents and all the rich diversity that the neighborhood has to offer. Many young professionals and families call this neighborhood home adding to the interesting mix the community thrives on. Named for the goats (or bucks) that German and Polish Immigrants used to keep, Bucktown is a neighborhood with a long history and a bright future. There are several investment opportunities and a variety of real estate to choose from, from single family homes, to 2 and 3 flats, or even larger apartment buildings and lofts. Bucktown is one square mile in size and easy to navigate through on foot or by bike. It has countless boutiques and artist galleries to keep you interested. Also it has seen a growth in bars and restaurants, most with a unique flare and personal charm. It is a vibrant and full community continuing to flourish and grow. The transportation is similar to that found in neighboring Wicker Park. The Blue Line is the exclusive CTA line servicing the neighborhood and it is also close in proximity to the Expressway. There are also additional bus lines running along North Ave on the South and Fullerton on the North. 
Pricing >The Value of Your House
One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.
How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.
Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.
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What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
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Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
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