Edgewater Condos, Lofts, Homes, Short Sales, and Bank Owned Properties

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Edgewater is a Chicago community area in the far North Side of the City of Chicago, Illinois seven miles north of downtown Chicago. It is bordered by the neighborhoods of Rogers Park to the north, Uptown to the south, Lincoln Square to the west and south and West Ridge to the west and north. As one of Chicago?s 77 official community areas, Edgewater is bounded by Foster Avenue on the south, Devon Avenue on the north, Ravenswood Avenue on the west, and Lake Michigan on the east. Edgewater contains several beaches that residents enjoy in the warm months. Historically, Edgewater was once part of Lake View Township, an independent suburb which was annexed by the city of Chicago in 1889.

Edgewater has the second highest population density of any of the neighborhoods in Chicago ^[1]

Edgewater was first developed around the 1890s as a summer home for Chicago's elite. With the exception of pockets acknowledged as historic districts (like the Bryn Mawr Historic District), Edgewater (actually, Edgewater Beach) boasts a skyline of apartment buildings, condominium complexes, and mid-rise homes.

The highrise condominiums that line Sheridan Rd. and the Lake were known to have large numbers of retired and elderly persons, many living on fixed incomes. The prices have been more affordable than Lake Shore Drive addresses farther south. Meanwhile, Kenmore and Winthrop streets a couple blocks west suffered in mixed conditions of poverty and crime that were a far cry from their prior prestige. Recognizing the value of lakefront living and access to the Red Line elevated train, an influx of new residents arrived. Many of Edgewater's new residents are from Africa and the former Yugoslavia. The area has a great density of Bosnian, Serb and Croat residents. These people, troubled by civil war and tough conditions in their homeland, have been encouraged to settle in the area. The city is known for accepting new, thriving enclaves of ethnicities in centuries past. This new settlement of Europeans is a modern revival of that tradition.

Edgewater is also home to a large African community. Ethnic Ethiopians, newly independent Eritreans, and Nigerians live and socialize in Edgewater. Walk the streets of Edgewater and one will mix with women in traditional African dress and grandmothers strolling with their grandchildren while the middle generation is out making a living in the new world of Chicago.

Native Americans, former Yugoslavians, Africans of every part, young hipsters, new parents, first-time homeowners, students and many more make their home in Edgewater.

Devon Avenue marks the northern boundary of Edgewater. Devon reflects the ethnic diversity of the Rogers Park community.

SOURCE:  WIKIPEDIA