The typical mix use properties that line Chicago’s commercial streets have a storefront with an apartment or two above.  These are not necessarily the most sought after investments as they tend to have low rents compared to price coupled with higher taxes (among other things).  In many cases, these properties are purchased for business reasons but not as a pure real estate investment.

It is suprising ot me that according to the MLS of Northern Illinois, eight out of twenty nine of these properties in Logan Square are currently under contract.  Obviously residential and commercial markets tend to play off one another so I think it says much about the near future prospects of this Chicago neighborhood.  I feel having nearly thirty percent of this market under contract is a strong number.