According to the Encyclopedia of Chicago, Ravenswood was founded in 1868 as an exclusive commuter suburb by a group of real-estate speculators. These speculators formed the Ravenswood Land Company and purchased 194 acres of farmland and woods eight miles north of Chicago. Ravenswood is known for its courtyard-style residential buildings. Once considered an "up and coming" neighborhood, Ravenswood has seen its real estate values skyrocket since the 1990s.
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