Pilsen is located on the Lower West Side of Chicago, and is a neighborhood that has changed a LOT since it was established. Now, the result of all that change is an eclectic, artsy neighborhood with exciting dining and nightlife scenes as well as great galleries. Prices are quickly on the rise as the gentrification engine putters on.
Pilsen has a lot of different types of property, and is currently in a state of gentrification. Many developers are buying rehab projects or "tear downs" in order to make new luxury condos or multi-family rental properties. There are still some single family homes, but the majority of the area is covered in medium-density 2-4 unit buildings. Look for higher prices closer to the East and Northeast corners of the neighborhood, and also along the Pink Line.
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