Nestled in its cozy, north-side enclave with North Center, Lakeview and Avondale as its neighbors, Roscoe Village offers a pleasant, residential vibe that makes it popular with families and slightly-more-mature singles/couples.
Originally part of the larger North Center community area, Roscoe Village gained its unique neighborhood name with the establishment of Riverview Park in the early 1900s. The popularity of Riverview Park (which began not as a thrill-ride amusement park but rather as a family picnic and sharpshooter’s park owned by German-Americans), brought the need for more businesses and services to the area. The German-American community began to embrace the land around Riverview Park and moved into frame houses and brick or graystone two-flats in the neighborhood as a result.
The neighborhood’s strong German makeup and general prosperity continued until after WWII, when factories in the neighborhood failed. This led to several decades of resident exodus, during which the area fell into a slump. But beginning in the 1980s, the neighborhood’s desirable housing stock and proximity to public transportation led to a resurgence in its popularity, according to Roscoe Village Neighbors.
Roscoe Village Today
Today, Roscoe Village extends from Belmont on the south to Addison on the north, and from Damen on the east to Western or the Chicago River on the west. It is a very desirable north-side neighborhood and attracts a very high-income resident compared to the rest of the city. According to City-Data.com, the median household income is $93, 592, almost double the average for the city as a whole. About 45% of households in Roscoe Village contain families. Two- and three-bedroom homes are the most common type of dwelling in Roscoe Village, with the vast majority of homes in Roscoe Village built prior to 1939.
Where to Eat
Why Roscoe Village?
The neighborhood is residential and quiet with attractive vintage homes, two-flats and apartments, and yet it still has a vibrant (if small) business and restaurant district. Easy street parking abounds and the neighborhood is connected to the rest of city via the Brown line and several bus lines.
Average Home Prices
According to City-Data.com, the average price of a single-family, detached home in the neighborhood came in around $820,000 in 2013, significantly higher than the city average. More recently, Trulia data suggests that the average median sale price for all types of dwellings in Roscoe Village is around $450,000, which is up 5.8% over the same period last year.
Are you interested in learning more about Roscoe Village or seeing some of the options for sale there? We’d love to chat with you about it! Contact us.
*Photo courtesy of Flickr user Joseph Wingenfeld.
File: Roscoe Village