Neighborhood Spotlight: Lakeview

Anchored by the shore of Lake Michigan is Lakeview, the city’s second-largest neighborhood and home to the World Series Champions — the Chicago Cubs. This pristine area boasts incredible lakeside views, a budding theatre district, a family friendly atmosphere, a plethora of quaint restaurants and a rich nightlife that are never lacking in personality. From Boystown to Wrigleyville, and all the way to its southern border of Lincoln Park or the western edge of Roscoe Village, there’s always something to do or see in Lakeview.

Evolving Factors:
Some of the biggest news to hit Lakeview is the construction on Addison and Clark. A venture of M&R Development and Bucksbaum Retail Properties bought a row of buildings on Clark Street that will be demolished for the project called Addison & Clark – a $150 million-plus residential and retail development. And, in addition to the construction performed on Wrigley Field itself, the Cubs and the Ricketts family (via Hickory Street Capital) are planning on adding more structures around the ballpark – such as the Hotel Zachary – in coming years. A magnificent open-air plaza was completed in time for the Cubs’ home opener in April, and more buildings will go up in the next year. Another addition to the neighborhood is Centrum Lakeview, a multifamily apartment building that was one of only a few new developments delivered to Lakeview in recent years.

Numerous Brown Line and Red Line ‘L’ stops and Divvy stations dot the area. Around 507,000 passengers use the Brown Line each month, making it an integral part of travel throughout the city. Buses in the area include routes 9, 11, 50 and 77. Driving to the Kennedy Expressway takes around 15 minutes from the center of Lakeview.

Retail & Dining:
Many areas in Lakeview have even created their own sub-communities (e.g. the “Southport Corridor”). Bustling commercial districts along Belmont Avenue, Lincoln Avenue, Southport Avenue, Clark Street, Halsted Street and Broadway are great stops for anything from designer gear to vintage garb, but they also have unique aesthetics that make them distinct.

The retail stretch of Clark and Belmont has quite a few other options for shopping. DSW Designer Shoe Warehouse and Michaels Arts & Crafts are right next to each other on Clark. And then to the east, on Broadway, there are commercial retailers and boutique stores, offering a variety of products. Small hair and nail salons are juxtaposed with GAP and other national retailers.

Loads of restaurants and bars operate in the neighborhood, allowing community members to frequent favorite haunts or to try new places. Classics include DMK Burger bar (a creative but not overdone take on the smashed-patty burger), Crisp (a tiny, authentic chicken shack that is never lacking in soul – or a lunchtime line), Southport Grocery and Café (a breakfast/lunch joint that has one of the best cupcake recipes in the city), Tango Sur (an Argentine grill constantly serving up enormous slabs of meat) and Bobtail Ice Cream Company (a reminder that classic soda fountains still exist). Some bars of note are Delilah’s, Headquarters, Sheffield’s, Beermiscuous and Sidetrack. These exclude the string of bustling establishments along Clark Street in Wrigleyville.

According to information from Nielsen, the total population of Lakeview is 94,203 people; this is split evenly between men and women. The average household income is $118,542, and 80 percent of residents are employed. The renting population is 63 percent.

Return to KIG|Analytics
McCormick Square Analysis