Chicago Mayor Richard Daley stopped by Winfrey's studio on Wednesday to rename a street outside Harpo Studios as "Oprah Winfrey Way."
Winfrey is widely credited with helping transform the area into a thriving neighborhood.
The talk show icon said having a street named after her was "better than an Oscar or an Emmy."
She joins Michael Jordan, Siskel and Ebert and Frank Sinatra among those who have had Chicago streets named after them.
