Neighborhood Spotlight: Rogers Park


Overview:
One of Chicago’s 77 community areas, Rogers Park is a far north side neighborhood that boasts the most cultural diversity in the city. With more than 40 languages and 80 nationalities represented between Howard Street and Devon Avenue, the area is truly a melting pot. The neighborhood has an amazing proximity to Lake Michigan, along with beach bikes paths and colorfully painted murals that breathe life into the community.

Evolving Factors:
To begin with, Kopley Group just sold 6801 Sheridan Road to of Spirit Bascom Ventures, LLC. Plus, A 145-key Hampton Inn opened in October and is located a block from the asset. On the 6400 block of North Sheridan Road, there is a proposed seven-story, mixed-use development that may include a Target. Golub & Co. and Elysian Development Group acquired the vintage 136-unit Lake Shore Tower in August for $37 million. In 2015, The Morgan at Loyola was acquired by Laramar Group for $45 million. The Loyola Red Line received a $17 million renovation in 2013. Talks of modernizing the Red Line are underway. Recently, Chicago’s aldermen, in a unanimous vote, agreed to a tax increment financing district to create a special TIF district to modernize and rebuild the Red Line on the North Side.

Connectivity:
The Ride Line runs through Rogers Park, with stops at Howard, Jarvis, Morse and Loyola. And bus routes in the area include the 11, 22, 36, 39, 84, 92, 93, 96, 97, 147, 151 and 155.

Demographics:
According to information from Nielsen, the total population of Rogers Park is 50,830 people; 51 percent are men and 49 percent are women. The average household income is $120,434, and 91 percent of residents are employed. The area has a buying power of $800 million. The renting population is 70 percent.

Retail & Dining:
In terms of shopping and eating in the area there are a number of places along Sheridan Road and further south on Broadway. Some local area favorites include bopNgrill, Taste of Peru and Gino’s North. Antique stores, wine shops and African imports are a few of the retail options in the Rogers Park corridor.

And one of the best aspects of this developing neighborhood is the plethora of beaches that give open access to Lake Michigan.

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Rogers Park