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Naperville, Oswego and Bolingbrook Information
Welcome > Local Info > Naperville, Oswego and Bolingbrook Information ...

Naperville River Walk
Naperville Illinois covered bridge on the river walk along the DuPage River
Naperville Illinois downtown
Looking east on Jefferson in Downtown Naperville Illinois

About the Naperville, Oswego, Bolingbrook, and other communities in the western suburbs of Chicago Illinois Area 

Naperville, Illinois: 

Naperville, 28 miles west of the Chicago loop, was settled in 1831 with the credit going
to Joseph Naper. Soon, saw mills and grist mills were built and even stone quarries existed
that provided building materials, some of which were used for rebuilding after Chicago’s
devastating fire in 1871. 

In 1864 the Chicago, Burlington and Quincy railroad established a line through Naperville,
and the growth continued with this new link to Chicago. In 1870, North Central College
located to its Naperville location. Presently many colleges and universities have satellite
campuses in the area. Naperville acquired city status in 1890 and by 1900 had grown in
population to around 2600.  

By 1960, Naperville was gaining in population, but really exploded in the 1980’s after the
building of the East-West tollway with an interchange for Naperville thus linking it to
Chicago via the Eisenhower expressway, and there was also a direct route to Chicago on
the Stevenson expressway on the southern border. With this new access, Naperville was
really “on the map” and continued to thrive into what is now a city of around 140,000
making it the 4th largest city in the state. 

With its excellent schools, vibrant downtown and lovely residential areas, Money magazine
has rated Naperville in the top of best cities in which to live with comparable populations. 

Today, Naperville is vibrant---day and night. It offers extensive shopping and fantastic
restaurants with a number of Chicago venues locating here. 

Naperville also boasts two train stations plus an underpass to access downtown via
Washington St.—a main street of the city. In the early 80’s building of the Riverwalk
commenced and now stretches several miles on which to stroll along and enjoy. In 2000,
the new Millenium Carillon was dedicated adding to the enjoyment of the Riverwalk Park.
Toward the end of the Riverwalk is Centennial Beach which encompasses two acres of
water in an abandoned quarry, featuring a sand beach with 0 depth walk into water and picnic
areas. There is also a nationally competitive lifeguard team. The most recent addition to the
Naperville cityscape is the Center for Performing Arts being built on Chicago Ave. near
North Central College. 

My wife has lived in Naperville or the vicinity for almost 25 years----first from 1974 to 1980 and again from 1989 to the present, it is amazing to see the fantastic progress from a small town to the flourishing city it is today. Naperville seems to know no bounds, and it will be exciting to see what the future brings. 

Check out the History of Naperville, Illinois.  

 

 

 


 

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School Reports in Naperville, Oswego and Bolingbrook, Illinois
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Real Estate Tips
Financing Your Home >Mortgage Terms

New mortgage loan products offer a more complex selection of terms. Lenders now offer mortgages that are blends of short-term ARMs and 30-year fixed-rate loans with a lower fixed-rate of interest for a period of five, seven or ten years. Be sure that you understand what happens at the end of the initial term before you sign on the dotted line for such a loan.

Many of these loans revert to a 1-year adjustable rate loan at the end of the initial term and can be adjusted once a year based on an index tied to the cost of money. You should know how much over the index your rate will be set and the limit or cap on how much your payments can increase. A "balloon" note requires the entire balance to be paid to the lender after the initial period of the loan ends. Most of these loans require the lender to guarantee to refinance the note at that point if payments have been timely. The lender should spell out how the re-finance rate will be determined and what costs will be involved. These loans can help you buy a more expensive house than you could afford with a 30-year fixed rate mortgage, but be sure that you understand the terms and the potential risks.

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Real Estate Trivia
Q 
What is currently the most sought-after amenity in the majority of upscale homes?

A 
Technology that "enables" a home with features such as structured integrated wiring and broadband Internet access is the current amenity of choice.
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Jay Shepherd, REALTOR®, real estate agent and broker for Naperville, Oswego and Bolingbrook, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Jay Shepherd
RE/MAX Professionals Select

2272 95th Street
Naperville, IL 60564
630-294-4900
Fax: 630-904-7130
Jayshepherd@NUMBER1EXPERT.COM
JayShepherd@remax.net

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