Posted: July 22, 2014 Filed under: Affordable Housing, Architecture, Chicago Architecture, Economy, Energy Efficiency, Green Construction, Occupy, Sustainability, Sustainable Development, Urban Development | Tags: affordable housing, Barack Obama Presidential Library, Chicago, foreclosure crisis, Green building, Green Festival, Leadership in Energy and Environmental Design, sustainable development
The building above may look nondescript, but is actually in a highly favorable location across the street from Shops and Lofts on 47 in the Bronzeville area of Chicago’s Near South Side. Photo Credit: Audrey F. Henderson, all rights reserved.
Any real estate agent or Realtor can tell you that the three most important factors in determining the potential value of a particular parcel of real estate are, in order: location, location, location. Location can trump other aspects of a structure, including whether it is occupied and its state of (dis)repair. In fact, location plays a large role in determining whether a decrepit building is worthy of the financial investment necessary to reclaim it for productive use, assuming of course that it is structurally sound.
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