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

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Streeterville is a neighborhood in the Near North Side community area of Chicago, Illinois, United States, north of the Chicago River in Cook County. It is bounded by the river on the south, the Magnificent Mile portion of Michigan Avenue on the west, and Lake Michigan on the north and east. Thus, it can be described as the Magnificent Mile plus all land east of it.^[1][2] The majority of the land in this neighborhood is reclaimed landfill and sandbar.^[3]

The neighborhood contains a combination of hotels, restaurants, professional office centers, residential high rises, universities, medical facilities, and cultural venues.^[4] The area has undergone increased development in the early 21st century as numerous empty lots in Streeterville have been converted into commercial and residential properties, especially in the southern part of the neighborhood.^[1] The neighborhood had earlier experienced booms following World War I and World War II.^[5]

Although there is general agreement that Streeterville is bounded on the west by the Magnificent Mile, some, including the Streeterville Organization of Active Residents, claim the boundary extends to one block further to the west to Rush Street.^[9] The neighborhood has a reputation as part of an upscale residential strip that balances the more industrial western portion of the Near North Side.^[7] Streeterville houses some of Chicago's tallest skyscrapers and most upscale stores, hotels, restaurants and theaters, as well as Northwestern University's Feinberg School of Medicine, School of Continuing Studies, and School of Law and the University of Chicago's downtown campus of the University of Chicago Booth School of Business.^[4] Loyola University Chicago has two buildings on Rush Street as part of what the school calls its Water Tower Campus.^[10] The Magnificent Mile portion of Michigan Avenue is part of Streeterville, as are Navy Pier, the most visited attraction in Chicago, and the John Hancock Observatory, the eighth-most visited attraction in Chicago.^[11] In 2007, construction started on Chicago's new tallest skyscraper, the Chicago Spire.^[12] It will be located in the southeastern corner of the neighborhood, next to Lake Shore Drive, and is scheduled to be completed in late 2010.^[13]

The Spire is one of many modern developments in the neighborhood. In the early 21st century, much of the southern part of the neighborhood that had previously housed several empty lots has undergone development,^[1] including the River East Center east of Columbus Drive.^[14] The River East Art Center serves as the primary retail hub apart from the Magnificent Mile.^[1] South Streeterville currently has numerous skyscrapers that are either proposed or already under construction such as Waldorf-Astoria Hotel and Residence Tower, InterContinental Chicago, 560 North Fairbanks, 600 Lake Shore Drive, Streeter Place and 630 North McClurg Court, which complement the River East Center, and NBC Tower. The Prentice Women's Hospital opened in October 2007, and construction started on the Ann & Robert H. Lurie Children's Hospital of Chicago in April 2008.^[1]

Streeterville hosts several landmarks and designated places that have been designated as historic districts. The East Lake Shore Drive Historic District, which consists of a row of early 20th century luxury apartments, sits on the northern edge of the district opposite Lake Michigan.^[15] The Old Chicago Water Tower District is located along Michigan Avenue where Streeterville meets the border of the River North and Gold Coast (Chicago) neighborhoods at Chicago Avenue. The Water Tower District contains the only public buildings that survived the 1871 Great Chicago Fire.^[16] Also, part of the Michigan-Wacker Historic District lies within Streeterville at the southern end of the Magnificent Mile and contains numerous high rises and skyscrapers built in the 1920s.^[17]

The neighborhood hosts several individual landmarks. The neighborhood hosts a National Historic Landmark, the Jean Baptiste Point Du Sable Homesite, the home of the first settler in Chicago. Properties in the neighborhood listed in the National Register of Historic Places include 257 East Delaware, the 860-880 Lake Shore Drive Apartments, the Drake Hotel, the Fourth Presbyterian Church of Chicago, the Navy Pier and the Palmolive Building. Other Chicago Landmarks in the neighborhood include Allerton Hotel, Farwell Building, McGraw-Hill Building, Perkins, Fellows & Hamilton Office and Studio, Tribune Tower, and the Woman's Athletic Club.

The neighborhood hosts more than 25 hotels,^[4] including the Ritz Carlton, one of three five star hotels in the Midwestern United States,^[18] and the historic Drake Hotel. The Peninsula Hotel, another of the three five star hotels in the Midwestern United States,^[18][19] and the Four Seasons Hotel Chicago, the other of the Midwestern five star hotels are located in the neighborhood near Rush Street.^[18][20] These two hotels host the highest rated spas in Illinois.^[21]

SOURCE:  WIKIPEDIA