A
vibrant retail plaza, unique schools, solid housing stock, and close proximity
to parks and universities make this neighborhood in the northwest side of
Chicago a popular place to live.Peterson Parkis a stable community and
home to many faculty and students from nearby North Park and Northeastern
universities. The collegiate air in Peterson Park is not to be outdone by the
recreation opportunities, including a golf course and Little League baseball
stadium. And in Peterson Park there's only one place to go for shopping and
entertainment, the Lincoln Village Shopping Center, where you can peruse the
latest fashions and products, and then catch the new Hollywood blockbuster at
the Lincoln Village six-screen Cineplex.
The Native American Potawatomi were the original residents of what is now the Peterson Park neighborhood. The nearby resources of the Chicago River's North Branch provided fish and fresh water, making the area a desirable setting for the tribe's small villages. By the 1850s, Germans, Luxembourgers, and Swedes arrived on the scene and began farming the land along the river's banks.
Pehr Samuel Peterson left Sweden in 1850 and settled in the Chicago area in 1854. A pioneering horticulturalist, Peterson started a landscape nursery and acquired more than 500 acres of property just north of the city. Soon, his prospering nursery was providing trees to beautify many of the city's parks and neighborhoods. After Peterson's death in 1903, his family donated a large tract of land to the city, part of which eventually became Peterson Park Grounds, which lies just south of the neighborhood's boundaries. The enterprising horticulturalist would probably take pride in the fact that his legacy lives on, not only in the title of the park itself, but also in the name of the neighborhood and Peterson Avenue.
Throughout the latter 1800s, the area that is now Peterson Park saw little change, remaining primarily farmland. Near the turn of the century, however, North Park College was established about one mile south of the neighborhood, and developers began subdividing surrounding area for housing.
The population grew quickly from 1910 to 1930, when newbungalowsand two-flats were constructed and industry formed along a stretch of Peterson Avenue. The populace continued to climb during and after World War II. To meet the demands of the growing numbers of consumers in the community, the Chicago area's first modern shopping center—Lincoln Village—was built near the intersection of Peterson and Lincoln avenues in 1952. After a period of decline in the 1970s and 1980s, the center has been revitalized with a variety of new stores, a new movie theater, and an abundance of parking spaces.
Today, the Peterson Park neighborhood is a stable community, home to faculty, staff, and students of nearby North Park University and Northeastern University (both just south of the neighborhood's boundaries), as well as families from all walks of life.
Peterson Park facts
Location: Approximately 13 miles northwest of the Loop Boundaries: Devon Avenue to the north, the North Branch of the Chicago River to the east, Peterson Avenue to the south and Pulaski Road to the west Bordering Neighborhoods:Sauganash, Peterson Park Grounds, Hollywood Park, West Rogers Park, Peterson Woods Crime Statistics: Go to CLEARMap for crime stats on specific Chicago neighborhood, intersection, address or police beat.
Peterson Park transportation
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Peterson Park Real Estate
Peterson Park real estate is solidly stocked with traditional brickbungalows, Georgians, and English Tudors. A mix of one- and two-story homes lines the residential streets, edged by tall trees, landscaped shrubbery, and green lawns. You'll also find several new condominium developments in the neighborhood, including some specifically for seniors.
The average sale price of a home in Peterson Park is represented by the chart to the right. The red line indicates the average price based on the total time frame selected in the drop-down window. The blue line indicates the average sale price for the particular month within that time frame. For more detailed information on Peterson Park sign up for the trends report below or contact your Dream Town broker.
The average number of days a home in Peterson Park spends listed for sale is represented by the chart to the right. The red line indicates the average number of days based on the total time frame selected in the drop-down window. The blue line indicates the average number of days a home spent on market during the particular month within that time frame. For more detailed information on average market listing times in Peterson Park sign up for the trends report below or contact your Dream Town broker.
The average sale price of a home compared to its listing price in Peterson Park is represented by the chart to the right. The black line indicates the baseline listing price for homes during the time frame selected in the drop-down. The red line indicates the difference between the average listing price and the average sale price during the particular month within that time frame. For more detailed information on Peterson Park sign up for the trends report below or contact your Dream Town broker.
The total number of listings in Peterson Park is represented in the chart to the right. The red line represents average number of days based on the total time frame selected in the drop-down window The blue bar represents the current number of listings during the particular month of that time frame. For more detailed information on Peterson Park sign up for the trends report below or contact your Dream Town broker.
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