A Chicago neighborhood whose borders are 79th Street on the north, 96th Street on the south, Greenwood Avenue on the east, and Wallace Street on the west, the neighborhood of Chatham is an upscale community that lies 10 miles south of Chicago's Loop.
The neighborhood was once known as "Mud Lake" by persons who hunted duck in the area, and "Hogs Swamp" by the first residents who settled into the western region of Chatham during the 1860s. During that time, Chatham was nothing more than swampland just south of Chicago's city limits. Industrial development in Chatham began when Hyde Park founder Paul Cornell established the Cornell Watch Factory at 76th Street and the Illinois Central tracks.
By 1900, steel mills provided work for European immigrants, and residential expansion began to take hold. The 1920s brought dramatic increases in both property values and the population of Chatham, and towards the end of the Great Depression, the development of the Chatham Park housing complex brought about the growth of Cottage Grove Avenue as a thriving shopping district.
Today, Chatham is a close-knit community that contains many well-maintained bungalow-style residences. There are also many luxury homes in a section of Chatham called Pill Hill, that was given that name because of the large number of physicians who reside in the neighborhood. Bounded by 91st Street, Euclid Avenue, 93rd Street and East End Avenue, Pill Hill boasts many two-story and split-level residences.
Some of the most successful businesses are located in Chatham including Johnson Products Company, Independence Bank of Chicago and Seaway National Bank of Chicago. Throughout Chatham, there are active block clubs and neighborhood associations that work hard to bring new businesses into the community. There is an abundance of recent commercial development in Chatham, as well as strong schools, including the McDade Elementary Classical School, a magnet school on South Indiana Avenue.
In May 2007, the average home sales price for a single family home or condo in Chatham, IL was $161,294. While this data is collected from the MLS and deemed reliable, it is not guaranteed.
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