Designated as Community Area 6 of 77 well-defined Chicago community areas. It is bordered by West Diversey Parkway on the south, West Irving Park Road on the north, North Ravenswood Avenue on the west, and the shore of Lake Michigan on the east. The Uptown community area is to Lake View's north, Lincoln Square to its northwest, North Center to its west and Lincoln Park to its south.

Lake View is unofficially divided into smaller neighborhood enclaves: Lakeview East, West Lakeview and Wrigleyville. Lakeview East (more commonly just Lakeview) forms the area popularly known as Boystown.
Lake View is most recognized nationwide as home to Wrigley Field and its Chicago Cubs.

Thirteen independent neighborhood organizations made up of residents serve as vehicles for direct neighborhood involvement and provide input to municipal and commercial leaders. The Lake View Citizens' Council was formed in 1952 and is composed of: Belmont Harbor Neighbors, Central Lake View Neighbors, East Lake View Neighbors, Hamlin Park Neighbors, Hawthorne Neighbors, Sheil Park Neighbors, South East Lake View Neighbors, South Lakeview Neighbors, Southport Neighbors Association,Triangle Neighbors, West DePaul Neighborhood Association and West Lakeview Association

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.

Albany Park |  Avondale | Bucktown | DePaul | Dunning  | East Village | Forest Glen | Gold Coast | Jefferson Park | Lake Shore East | Lakeview | Lincoln Park | Logan Square | Loop | Noble Square | Norwood Park | Old Irving Park | Old Town  | River North | River West | Jefferson Park | Roscoe Village | South Loop | Streeterville | Ukrainian Village | Uptown | West Loop | Wicker Park | Wrigleyville |

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.