South Chicago/ Calumet Heights
Bordering Lake Michigan, near the attractions of Northwest Indiana, and buzzing with commerce on the southern end of Stony Island Avenue, South Chicago offers a diversity of housing options and growing number of small and chain businesses.
Hot Housing Developments
Historic Pill Hill Development
Food, Fun & Fitness
- Cocula Restaurant
8847 S. Commercial
(773) 374-3214 - Skyway Dog House
9480 S. Ewing
(773) 731-2000 - BJ’s Market & Bakery
8734 S. Stony Island Ave.
(773) 374-4700 - The New Dating Game
25+ Lounge/Club
8924 S. Stony Island Ave.
(773) 374-8883 - Bally’s Total Fitness
112 W. 87th St.
(773) 994-0203 - South Side YMCA
6330 S. Stony Island Ave.
(773) 947-0700
Community Organizations/Institutions
- Bronzeville Children’s Museum
9301 S. Stony Island Ave.
(773) 721-9301 - Healthy South Chicago
- South Chicago Art Center 3217 E. 91st St.
- Sweet Holy Spirit Church8621 S. South Chicago Ave.
Relevant Blog Posts
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Winter Mkt Report: South Chicago, Auburn Gresham & Englewood
Spring is here, but it’s helpful to analyze the South Side’s winter real estate activity to keep track of how our local housing market is progressing. Over the month of March, we’ve been analyzing sales stats for 3+ bedroom, 2+ bathroom single family homes and condos on Chicago’s South Side. Our focus is on a four-month period, stretching from Nov.1, 2010 through today. This week we’re exploring South Chicago, Auburn Gresham and Englewood.
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FHA 203K: Your Path to Real Estate Investing?
Most people know that FHA mortgage loans allow you to borrow money for a home not only at great interest rates (below 5%) but also a VERY low down payment that’s now set at 3.5%. Many readers may have purchased a single family home, townhouse or condo with an FHA loan or know someone who has. And you don’t have to be a first-time homebuyer! But that’s not all you can buy with an FHA 203K loan. Read on…
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Update on South Chicago’s US Steel Lakefront Development
A few months ago, we reported on the announced plans for McAfferty Development to transform the now vacant former U.S. Steel Plant in the South Chicago community on Chicago’s South Side. We’re happy to report that Mayor Daley is completely in support of this project and has proposed that $96 million from City bonds be set aside to prepare roads and sewers to sustain the development.
Relevant Articles
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Big South Works Plan Advances, But for When?
The City Council’s Zoning Committee on Thursday approved a plan to fill the site’s northwest corner with 3,000 homes and 1 million square feet of retail space over the next 30 years. The full council almost certainly will give final backing to the proposal at its next meeting on Wednesday.
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Panel OKs $96-million TIF subsidy for South Works project
(Crain’s) — A city panel on Tuesday approved $96 million in tax-increment financing to help pay for a major shopping center and nearly 1,000 homes on the massive South Works property on the south lakefront.
www.chicagorealestatedaily.com
