4 Reasons Ukrainian Village Is Hot Right Now

Last week, Ukrainian Village was named the hottest neighborhood in the US by real estate website Redfin. What are the factors that make it so appealing?

1. Location

Ukrainian Village is ideally situated near Wicker Park’s constantly evolving retail and nightlife corridor. A mix of upscale local boutiques, national brands and critically acclaimed restaurants in Wicker Park means Ukrainian Village residents can buy everything they need within blocks of their homes. Ukrainian Village also has its own combination of restaurants and hip cocktail bars, for people who want to enjoy urban life right outside their doors.

2. Access To Public Transportation

People who took the Redfin survey said access to public transportation was important to them. Ukrainian Village is served by several major bus routes and the Division Street Blue Line station (shown), providing easy access to downtown and O’Hare International Airport. Several TODs are either under construction or have been delivered nearby.

3. Affordability

Google Street View

The other major factor cited in the Redfin survey was affordability. Whether renting or buying, people moving to the neighborhood have a variety of options to fit their budgets. Developer Wicker Park Apartments has emerged as a player in the market.

4. Character

Developers and tenants love buildings with stories to tell and Ukrainian Village, a landmarked neighborhood, has scores of them. Even though it’s near Wicker Park’s trendy nightlife, much of Ukrainian Village remains tree-lined and tranquil, providing a respite from the urban bustle.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Local Investor Pays $30M For Block 37 In Heart Of Downtown Chicago

How UK Investment Giant L&G Plans To Grow Its U.S. Multifamily Holdings

Properties Owned By REIT Accused Of Fraud To Be Auctioned Off

Major Movie Studio Campus Breaks Ground: The Chicago Deal Sheet

Major NYC Multifamily Firm Expands With Tech-Driven Operations

Multifamily's Days As Commercial Real Estate's 'Golden Child' Are Over

Riverwards Secures $36M In Construction Financing For Philly Apartment Project

Bears Stadium Saga Shifts Toward Potential Public Ownership Play

Lioncor Bets Ireland's Residential Reset Can Unlock A New Wave Of Capital

Structural Design Decisions Can Box Owners In. The Right Partner Can Help Them Make More Informed Decisions

How Miami Multifamily Developers Are Approaching Dealmaking Today