CHICAGO (CBS) – South Shore is a Chicago lakefront community where data from the DePaul Institute for Housing Studies (IHS) say in the past three years, investors have been buying up bigger shares of property than nearby neighborhoods.
Why is the South Shore community so attractive?
One reason is the Obama Presidential Center being built in Jackson Park on the northern boundary of the community.
Phillip Moore, the managing director of Lending at Community Investment Corporation (CIC), said the Center scheduled to open in 2026 is one reason buying in the area seems like a good investment now.
“I think that’s a driver,” Moore said. “I think you have a significant amount of money, dollars coming into a certain area that drives, ‘Hey, I want to be next to the center. My property values are going to go up as well.'”