University Park

University Park Condos

With condos in its present and more planned for the future, University Park is a community considered a gem of Chicago south suburbs and a place with a vibrant future for condominium buyers.   The village is on the verge of attracting more residential development including condominiums. Officials in the community are working on plans to build a 900-home community that would include upscale condos. It would also have a major shopping complex in the vicinity of its Metra suburban rail complex and near such major roads as Governors Highway and Cicero Avenue.   It is not surprising that the village is looking at adding  more condominiums. Condo dwellers are sure to be drawn to the village’s location near various forms of transportation.

University Park’s accessibility assures it will continue to be a place where condo owners will want to live, particularly those who may work in the city, but wish to return home at night to the quiet of a suburb.   University Park is just 35 miles miles from Chicago. Condo owners and other residents can commute to Chicago by the suburban rail service that has a train station here and also via Interstate 57 which is adjacent to the village. Interstates 80/94 and 65 also are close by.   The community was founded in 1967 with the name of Park Forest South. The moniker was taken from its neighbor, another planned community with a longer history, Park Forest.

From the very beginning, University Park was designed to offer quality of life that includes tree-lined streets and neighborhoods with single family houses and condos where families grow and generations would stay.

The village’s pretty settting is enhanced by a location set amid leafy forest preserves. It is surrounded by 1,000 acres of parks and preserves that feature wooded hiking trails and bike paths. Condo dwellers are sure to appreciate the ample number of facilities that provide a variety of ways to spend leisure time, either outdoors or indoors. These include Pine Lake, Hickory Aquatic Center, Edward W. Palmer and Craig Park.

While the village was founded in the late 1960s, it did not get its current name until 1984 when it changed it to University Park, a name that sets it apart from neighboring Park Forest and which recognize its strong educational heritage. The village is home to Governors State University(GSU), the only public university in the south suburbs which serves approximately 6,000 students a years. It also was founded in the 1960s.

The GSU campus contains 760 acres of natural and preseved landscapes. Its other assets include a library, Center for Performing Arts, bookstore, a fully-equipped fitness center, the Nathan Manilow Sculpture Park, the 120-acre GSU Environmental Reseach Preserve, an organic farm and several scenic ponds.   When it comes to condos, the village is a likely to be very attractive to first-time home buyers and investors seeking affordability. Condos are likely to be in low-standing buildings in settings filled with trees and which have windows offering leafy, rustic views.

While some people travel to Chicago for work and return home at night for those peaceful settings, others need not leave the village to get to their jobs. University Park has a large industrial park which is home to approximately 60 manufacturing and services businessese including Applied Systems, ComEd, and Federal Signal Corporation.

With the village set to capitalize on its location and ready to expand with new condos University Park  is certainly a place where condo investors and buyers are likely to see their real estate purchases appreciate.