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Wrigleyville is its own neighborhood within the much larger Lakeview neighborhood. Named after the famous landmark, Wrigley Field is located at the corner of Addison and Clark and is the home of the beloved Chicago Cubs. Wrigley Field, built in 1914, was originally named Weeghman Park after the club's owner. The ballpark was purchased in 1926 by William Wrigley Jr. and renamed shortly thereafter.
Wrigleyville is is the neighborhood of choice for many recent college graduates and young professionals because of its proximity to the lake, its relative affordability and its lively social scene. In fact, Wrigleyville has all of the amenities of Lincoln Park, not to mention its own baseball team, without the prices of its well-to-do neighbor to the south.
Dozens of bars and restaurants surround Wrigley Field, including the Cubby Bear, Murphys and Hi-Tops. The Metro is one of the cities best venues to take in live music. The eastern section of Wrigleyville is bordered by Lake Michigan, and there are numerous activities that the Chicago lakefront offers. Although many single family homes exist in Wrigleyville, most housing is a mixture of new construction condominium walkups and turn of the century buildings that are designed for apartment type living.
A condominium, usually shortened to condo, is a type of real estate divided into several units that are each separately owned, surrounded by common areas jointly owned.
Residential condominiums are frequently constructed as apartment buildings, but there has been an increase in the number of "detached condominiums", which look like single-family homes but in which the yards, building exteriors, and streets are jointly owned and jointly maintained by a community association.
Unlike apartments, which are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as hallways, walkways, laundry rooms, etc.; as well as common utilities and amenities, such as the HVAC system, elevators, and so on. Many shopping malls are industrial condominia in which the individual retail and office spaces are owned by the businesses that occupy them while the common areas of the mall are collectively owned by all the business entities that own the individual spaces.Source: https://en.wikipedia.org/