Currie Realty: Lincoln Park, Chicago
From Wikipedia, the free encyclopedia.
| Lincoln Park |
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| Latitude Longitude |
41°55.2' N 87°39' W | |
| Neighborhoods |
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| ZIP Code | parts of 60614 | |
| Area | 8.26 km² (3.19 mi² ) | |
| Population (2000) Density |
64,320 (up 5.28% from 1990) 7,785.0 /km² |
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| Demographics | White Black Hispanic Asian Other |
84.5% 5.17% 5.06% 3.61% 1.67% |
| Median income | $68,613 | |
| Source: U.S. Census, Record Information Services | ||
Lincoln Park is located in Chicago, Illinois, USA. The name may be used to describe Lincoln Park as a community on the city's north side; Lincoln Park, the park primarily within that community; or the zoo within the park's southern area.
History
The area now known as Lincoln Park in Chicago was still primarily forest with stretches of grassland and occasional quicksand, and was virtually untouched by Europeans as late as the 1820s.
In 1824 the United States Army built a small post near today's Clybourn and Armitage Avenues. Indian settlements existed along Green Bay Road, now called Clark Street (named after explorer George Rogers Clark), at the current intersection of Halsted Street and Fullerton Avenue.
In 1836, land from North to Fullerton and from the lake to Halsted was inexpensive, costing $150 per acre ($0.04 m²). Because the area was considered remote, a small pox hospital and the city cemetery were located in Lincoln Park until the 1860s.
In 1837 Chicago was incorporated as a city, and North Avenue was established as its northern boundary. Settlements increased along Green Bay Road (now Clark Street) when (1) the government offered land claims and (2) Green Bay Road was widened.
The neighborhood is made up of young professionals, recent college graduates, and young families. The neighborhood is also home to Lincoln Park High School, Francis W. Parker School,and DePaul University , many students who attend these schools live in this neighborhood. There are many boutiques, movie theatres, retail stores, restaurants, and coffee shops. There are also many bars and clubs in the area, especially along Lincoln Avenue between Diversey and Armitage. Rent for studio apartments can range from $535-$900, and one-bedroom apartments start at $850 and skyrocket from there, depending on the view, size, and location in the neighborhood.
Lincoln Park, for which the neighborhood was named, stretches from Diversey Parkway south to LaSalle St. The park contains a zoo, an outdoor theatre, a rowing canal, the Peggy Notebart Nature Museum, ponds, playing fields, and a large statue of General Grant. The famed restaurant, North Pond, is also located in the park.
Real estate is a legal term that encompasses land along with anything permanently affixed to the land, such as buildings. Real estate is often considered synonymous with real property (also sometimes called realty), in contrast with personal property, chattel, or personalty. However, for technical purposes, some people prefer to distinguish real estate, referring to the land and fixtures themselves, from real property, referring to ownership rights over real estate. The terms real estate and real property are used primarily in common law, while civil law jurisdictions refer instead to immovable property.
In spite of the name, real estate has no connection with the concept of reality (in other words, the law does not consider real property more "real" than personal property). It derives instead from the feudal principle that in a monarchy, all land was considered the property of the king. Thus originally the term real estate was equivalent to "royal estate", real originating from the French royale, as it was the French-speaking Normans who introduced feudalism to England and thus to the English language; cognate to Spanish real.
With the development of private property ownership, real estate has
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