High Quality Content by WIKIPEDIA articles! Wolf Point is the location at the confluence of the North, South and Main Branches of the Chicago River in the present day Near North Side, Loop, and Near West Side community areas of Chicago. This fork in the river is historically important in the development of early Chicago. This was the location of Chicago`s first three taverns, its first hotel, Sauganash Hotel, its first ferry, its first drug store and the first bridges across the Chicago River. The name is said to possibly derive from a Native American Chief whose name translated to wolf, but alternate theories exist.