Uptown is a north Chicago neighborhood. As one of Chicago’s 77 community areas, Uptown has well defined boundaries. They are: Foster on the north; Lake Michigan on the east; Montrose (Ravenswood to Clark), and Irving Park (Clark to Lake Michigan) on the south; Ravenswood (Foster to Montrose), and Clark (Montrose to Irving Park) on the west. Uptown borders three community areas and Lake Michigan. To the north is Edgewater, to the west is Lincoln Square, and to the south is Lake View.

Uptown's micro heoghborhoods include, Buena Park, Clarendon Park, Lakeside, Truman Square, Sheridan Park, Andersonville Terrace, Argyle Park and Margaret Park.
In the 1900s, many of the mansions and apartment buildings were converted into affordable housing, upsetting their original charm and splendor. In an effort to beautify and salvage the heritage of this Chicago neighborhood, many of Uptown's buildings have since been renovated and restored to their original glory.

Uptown was developed as a summer playground for members of Chicago's elite class in the late 19th century, due in large part to its close proximity to Lake Michigan. But the area's desirable location soon began to attract permanent residents in addition to those looking for a warm weather getaway. In the early 1900s, all of the city's northbound trains traveling from downtown ended in the Uptown area, and the neighborhood became a popular entertainment destination.

If you understand the potential pitfalls of purchasing a distressed property - and work with an agent who has a thorough knowledge of the market - you can get a great home at a great price.

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The transaction process for short sales or foreclosures often takes longer than for traditional transactions. It's sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get it all sorted out – especially if there's a second mortgage involved, which is often the case. It's no surprise that buyers are looking for a bargain - but now, even more people are showing interest in the growing foreclosure market. According to Trulia.com and RealtyTrac, a recent survey shows that 55 percent of U.S. adults are at least somewhat likely to consider a foreclosed home when buying real estate. That's nearly a 10 percent increase from November 2008.