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Portage Park is a wonderful area of Chicago, located on the northwest side of the City. Its parameters are Cicero on the east and Narragansett on the west. North is Montrose and south is Belmont. It is a large area in the city and supports a lot of businesses, a hospital, grocery, dining and entertainment. It is named Portage Park because of the huge park located at Irving Park and Central. It is a huge park with many programs available for city residents. There is also a new senior center that has many programs. Portage Park has a newer Olympic sized swimming pool and a separate pool for diving and it was used in the Olympics in the 50's. Mark Spitz also did his trials here!! There is a kiddies pool area and area for adults only. When the park was built in the 20's a lagoon was built and this is where the pools are now. The gymnasium was built in the 20's and is a testament to prairie architecture. There is even an indoor pool for the wintertime!
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YO-JOE'S hot dog stand. A Chicago
hotdog is a thing of beauty!!! |
And it might just take forever!! |
Economy
Portage Park is mostly families and has a stable economy. We have a good number of city employees in the area and a lot of small businesses and small industrial companies that provide employment. Being part of the bigger picture of Chicago we are known as "The City that works"!
Housing
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Classic 2 flat!! |
The classic Portage Park
A beauty |
An american 4 square in
Old Portage Park.
In Portage Park we have a variety of single family housing and 2 to four flats, mostly brick and built between 1925 and 1960 with some new subdivisions thrown in there too, however here in Portage Park the bungalow is king!! We have beautiful octagons with stained glass and regular bungalows built like the rock of Gibraltar! We even have a
bungalow program that is very informative and has some good programs to rehab them at special financing rates see http://www.chicagobunglaow.org/ for more information. The average list price for single family homes in Portage Park for 2008 so far is $312,000 and the average sale price is $297,000. This takes in brick AND frame residences.
Portage Park center for the arts
Financing Your Home >Watch Your ARMs Length Most buyers know that first-year interest on Adjustable Rate Mortgages (ARMs) is typically lower than the interest on available fixed-rate mortgages. This makes ARMs easier to qualify for, but also requires that borrowers have some understanding about how such loans work, because there are significant details associated with the low first-year rate.
First, check to see how long the low rates offered on the ARM are guaranteed. After that period of time, the rates can go up two points a year to a typical rate cap of six points over the life of the loan. Lenders will usually require borrowers to qualify for a mortgage loan that is several percentage points above the actual initial rate charged on the ARM. This is intended to keep borrowers from becoming overburdened by debt. Some lenders may charge special fees or caps which can increase the cost of the loan. If you think that an ARM may work for you, it is a good idea to shop around.
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| Q |
What are considered the ideal conditions for a buyer's market?
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In a buyer's market, there are more houses for sale than buyers, homes take longer to sell, and sellers may have to cut prices. |
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Barbara Foy
RE/MAX Signature
2901 N. Clybourn
Chicago, IL 60618
773-502-7653
barbara@barbarahomes.com
I am always available to offer you personal, one-on-one help with what some say is the biggest decision you will make in your life. If you have any questions, please don't hesitate to call or e-mail me! Buying a home? I'll take the time to listen to your needs and desires, and find your dream home. Your total satisfaction is my number one priority. Selling a home? I will get your home sold for top dollar and in a timely manner. My online and offline marketing programs will give you the edge you need to sell your home. I don't want to just list your home, I want to sell it! Fast! Relocating? If you are moving to my area, I can assist you in collecting the information you need, and make your transition as smooth as possible. Feel free to contact me for any information. I love to assist people in relocating, and I've helped many people move to our area! I have built a reputation for client satisfaction, and I am devoted to making your move as easy as possible. You will have the added benefit of working with an agent who understands your needs when buying, selling, or relocating. Finding the right home is only the beginning. I will assist you every step of the way to ensure smooth sailing.  
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