Neighborhood located on the east side of Cleveland. Formerly attached to the township of Euclid, which became a district of Cleveland in 1912.
The area o…wes its expansion to the orientation stations on the Lake Shore. The Lake Shore is a train that connects the cities of Boston and Chicago. The district separated into two parts by rail, a northern part and a southern part. Collinwood, considered one of the most secure neighborhoods in the United States. Economy:
The economy of this district is linked to industries, during the twentieth century, large American companies settled there. This is the case of the automaker General Motors or General Electric which employ thousands of workers. Today, many artists live in this district, which saw real estate prices plummeting during the 2008 crisis. Grouped under the name of: Arts Collinwood, these artists have created a new dynamic in the northern part. Real estate:
The real estate in this residential area in the North bordered by Lake Erie and the railway industries. Consisting of houses now mainly intended for rental investments. Purchase prices are around US $ 70,000 while profitability is very high, often above 10% net. Also you will find many parks, like East Shore Park or Beach Land Park as well as pretty villas like Villa Angela-St, or Joseph School. The south of the neighborhood, which is considered more like a business district, is also home to the Collinwood High School. This is where we find the majority of foreigners from Europe in particular.