{"id":15375,"date":"2015-05-21T15:38:27","date_gmt":"2015-05-21T20:38:27","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=15375"},"modified":"2015-05-21T15:38:27","modified_gmt":"2015-05-21T20:38:27","slug":"video-trendy-and-swinging-wicker-park-real-estate-on-the-rise","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/video-trendy-and-swinging-wicker-park-real-estate-on-the-rise\/","title":{"rendered":"VIDEO: Trendy and swinging: Wicker Park real estate on the rise"},"content":{"rendered":"<p>By Sean Froelich<\/p>\n<p>Not long ago, Wicker Park on Chicago\u2019s Northwest Side was a bohemian enclave for starving artists. Today, it&#8217;s more likely to be associated with the \u201cg\u201d word, gentrification.<\/p>\n<p>After shaking off the effects of the 2008 housing crisis, the area&#8217;s real estate market is again on an upswing. Some residents expressed melancholy over the changes that have come with rising real estate values, while others see the changes as progress.<\/p>\n<p><!--more--><\/p>\n<p><iframe title=\"Trendy and swinging: Wicker Park real estate on the rise\" src=\"https:\/\/player.vimeo.com\/video\/128427772?dnt=1&amp;app_id=122963\" width=\"800\" height=\"450\" frameborder=\"0\" allow=\"autoplay; fullscreen\" allowfullscreen><\/iframe><\/p>\n<p>\u201cThere was a slight downturn in price points, but not super significant,\u201d said broker Melissa Govaderica, comparing Wicker Park to the rest of the real estate market during the crash. \u201cBut now again it\u2019s trending up leaps and bounds\u2026it\u2019s pretty hot.\u201d<\/p>\n<p>Govaderica said that single-family homes have sold for between $450,000 and $3.1 million in Wicker Park in the past 12 months.<\/p>\n<p>John Lagino, owner of the diner chain Bongo Room first opened business in Wicker Park more than two decades ago.<\/p>\n<p>\u201cIt was pretty scary over here 23 years ago,\u201d Lagino said, who found it easy to move in when the neighborhood was underdeveloped. Lagino estimates that rents have tripled or quadrupled since he\u2019s been in the neighborhood.<\/p>\n<p>A rising real estate market attracts a richer clientele. As of now, the neighborhood continues to be an eclectic mix of college students, families and single professionals.<\/p>\n<p>That are Chicago&#8217;s next real estate hot spots? According to Govedarica, neighborhoods like Logan Square and Pilsen are heating up.<\/p>\n<div id=\"featurecaption\">Photo at top: Residents fear that rising rents in Wicker Park will cause local artists to flock elsewhere. (Sean Froelich\/Medill)<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Sean Froelich Not long ago, Wicker Park on Chicago\u2019s Northwest Side was a bohemian enclave for starving artists. Today, it&#8217;s more likely to be associated with the \u201cg\u201d word, gentrification. After shaking off the effects of the 2008 housing crisis, the area&#8217;s real estate market is again on an upswing. Some residents expressed melancholy [&hellip;]<\/p>\n","protected":false},"author":125,"featured_media":15383,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,436],"tags":[],"class_list":["post-15375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-spring-2015"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VIDEO: Trendy and swinging: Wicker Park real estate on the rise - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/video-trendy-and-swinging-wicker-park-real-estate-on-the-rise\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VIDEO: Trendy and swinging: Wicker Park real estate on the rise - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Sean Froelich Not long ago, Wicker Park on Chicago\u2019s Northwest Side was a bohemian enclave for starving artists. 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