Princeton Park

Princeton Park

 

Princeton Park is a tiny residential neighborhood that was settled by German and Dutch immigrants in the mid-1800s, along with surrounding neighborhoods Gresham, Rosemoor and West Chesterfield. As small as it is, Princeton Park serves residents well, with easy outlets to Chicago’s most vital transportation arteries. The neighborhood is bordered to the north by Chicago railways, Robichaux Park to the west, W. 95th Street to the south and the Dan Ryan Expressway (I-90/I-94) to the east.

Early Dutch settlers utilized what is now Princeton Park as farmland until the early 1900s, when local banker and real estate developer Donald O’Toole took over the area. Because the Princeton Park plot was some of the last remaining open land in Chicago proper, O’Toole believed it was ideal for a new housing development. The development originally consisted of low-cost, multi-family row houses that were marketed to the large African American population in the surrounding communities.

Today, the neighborhood, which is still largely populated by African American families, has grown beyond low-income housing to include a variety of real estate. Residents work together to maintain attractive streets, manicured lots and even a handful of public gardens, an effort that was originally launched by the Organization of Southwest Communities following racial tension and violence in the 1950s and 60s.

Surprisingly, Princeton Park’s one square mile boasts a diverse collection of housing options, including brick bungalows, raised ranches, new construction townhomes, older one-story frame houses and low-rise multi-unit residences. Prices in this area remain largely affordable, with small, two-bedroom homes starting as low as $50,000 and larger three-bedroom homes reaching the lower $200,000s. Townhomes and condos span a similar price range, though their starting point tends to be a bit higher—around $85,000.

Keeping in mind that Princeton Park is almost 90% residential, there are still some retail perks for area residents. While the neighborhood is a ways from Chicago’s finer dining establishments, it still offers plenty of quality, cheap eats at places like See Thru Chinese Kitchen, Jim’s Original (hot dogs) and Moe’s Grill & Pizza. Of course, there are also American staples like McDonalds, Wendy’s, Starbucks and Dunkin Donuts. As for retailers, within a mile are stores like Walgreens, Dollar Tree, Staples and Jewel Osco.

With the Dan Ryan Expressway so near, Princeton Park residents have easy access to all areas of the city. Chicago Midway International Airport is just over seven miles northwest, while the South Loop is just another mile north on I-94.

Princeton Park Real Estate