Foreclosure Homes in Chicago Il 60626 40 Results

Chicago ( ( listen), locally also ), formally the City of Chicago, is located on the shores of freshwater Lake Michigan, and is the third most populous city in the United States. As of the 2017 census-estimate, Chicago has a population of 2,716,450, which makes it the most populous city in both the state of Illinois and the Midwestern United States. It is the county seat of Cook County, the second most populous county in the U.S. Chicago is the principal city of the Chicago metropolitan area, which is often referred to as "Chicagoland." The Chicago metropolitan area has nearly 10 million people, is the third-largest in the United States, the fourth largest in North America, and the third largest metropolitan area in the world by land area.

Chicago was incorporated as a city in 1837 near a portage between the Great Lakes and the Mississippi River watershed and grew rapidly in the mid-nineteenth century. After the Great Chicago Fire of 1871, which destroyed several square miles and left more than 100,000 homeless, the city made a concerted effort to rebuild. The construction boom accelerated population growth throughout the following decades, and by 1900 Chicago was one of the five largest cities in the world. During this period, Chicago made noted contributions to urban planning and zoning standards, including new construction styles (including the Chicago School of architecture), the development of the City Beautiful Movement, and the steel-framed skyscraper.

Positioned along Lake Michigan, the city is an international hub for finance, commerce, industry, technology, telecommunications, and transportation. The city saw the creation of the first standardized futures contracts at the Chicago Board of Trade; which today is the largest and most diverse derivatives market in the world, generating 20% of all volume in commodities and financial futures. O'Hare International Airport is the one of the busiest airports in the world, and the region also has the largest number of U.S. highways and railroad freight. In 2012, Chicago was listed as an alpha global city by the Globalization and World Cities Research Network, and it ranked seventh in the entire world in the 2017 Global Cities Index.