Kenwood south of 47th to Hyde Park Boulevard is wealthy. North Kenwood from 47th to 43rd is Buppie Paradise. It’s already been on the come up for years. May be out of her range now.
Oak Park is an upper middle class/upper class enclave like Evanston. It can’t be gentrified because there is and always have been a wealthy white old and new money populace.
A few things that you look for with respect to gentrification happening in low income neighborhoods is the presence of art galleries and restaurants. The University of Chicago has bought up property in Washington Park off of Garfield Blvd. The famed MacArthur Fellow black artist Dawoud Bey has set up shop on Garfield along with other black artist.
The Green Line Performing Arts Center just opened.
And you have new restaurants coming in like The Park Supper Club.
The thing about Washington Park that people are not aware of is that there are a lot of wealthy and powerful black Chicagoans invested in its redevelopment because that was historically their neighborhood. They all left during the 40’s, 50’s, and 60’s and that’s how urban plight creeped in but many of them still frequent the neighborhood because they still attend their churches over there. Two churches specifically in Washington Park have always been home to the wealthiest blacks in Chicago. In addition, you have redevelopment corporations, that they are behind, that have been purchasing up and rehabbing dilapidated properties as well as building new constructions.
The demographics are still low income but Washington Park is on an upward trajectory and is a prime spot if you’re thinking about investment. I would specifically look at properties between 55th and 57th street between Wabash and Calumet.
