Lakewood Balmoral is one of Chicago’s best kept secrets!
Between Foster and Bryn Mawr you will find 3 incredible streets — Magnolia, Lakewood, and Wayne . Their close proximity to Lake Shore Drive make getting to the Magnificent Mile a quick 10-15 minutes. Access to the northern suburbs is a breeze via Sheridan Road, Ridge, or Peterson to Lincoln Avenue. The red line, 2 blocks east at Berwyn and Bryn Mawr, and the 146 Express bus at Foster makes for a quick bus ride to Michigan Avenue and the city. And of course, you’re near the Chicago lakefront and the running/riding trails.
These streets boast oversized lots — 1 1/2 to 2 lots wide, and the stately homes were designed to utilize this space. Without the dense housing of courtyard and midrise multi-unit buildings, guest parking on the street is a breeze! It would be rare for you to park more than 3 houses away from the home you’re visiting.
These streets were awarded the historic district designation in 1998, and therefore owners who spend 25 % of the assessed value (note — this is NOT market value!) in qualified rehab expenditures can obtain a freeze on property taxes for 8 years. This incentive has encouraged residents to restore their homes, thereby enhancing the beauty and increasing the value of homes in the neighborhood.
Residents enjoy their neighbors. Block parties involve everyone, and more than just the fire truck and bouncer are planned. Twice, the 5400 Lakewood block residents created and built miniature golf courses for all to enjoy. Halloween is a special event, where homes are decorated, and residents hand out between 800 and 1200 pieces of candy, depending on weather. The annual Fall Festival in October is a favorite, and mark your calendar for the 2nd Saturday in September for the greatest yard sale ever!
The Lakewood Balmoral Residents Council is a dynamic force for keeping residents involved in their community and creating the warm environment that neighbors enjoy. The Edgewater Community Council and Care for Real make a significant contribution to members of the Edgewater Community. I personally felt touched on 9/11, when a spontaneous gathering of neighbors grieved together and commemorated the lives of those who perished in the planes and towers during that incredible tragedy.
New and exciting restaurants and shops open all the time on Andersonville’s Clark Street. This list represents my favorites, but there are many more great places to see…
- Red Balloon
- Bon Bon Chocolates
- In Fine Spirits
- City Olive
- Pasticceria Natalina
- Swedish Bakery
- The Landmark
Do I have your attention? With homes on extra wide lots, believe it or not — last year, homes sold between $ 530,000 and $ 1,937,000. Today there are single family homes for sale between $ 739,000 and $ 1,999,000.