Rose starred at Simeon High School and on Wednesday was named the NBA's Rookie of the Year.
He received the award during a presentation in the northern suburbs on Wednesday afternoon.
Rose won two state championships while at Simeon. He went on to play in the NCAA championship game as a member of the University of Memphis team. And now, he's the playoff hero of his hometown team, the Bulls.
The Bulls player has gone from the most humble surroundings where the argument on the court now is who gets to be Derrick Rose to being the toast of a league that values character.
"They know if I say anything right now about 'I'm the man' or blah, blah, blah, blah, they'll yell at me or if my brothers are around they'll hit me. I don't want to go through that pain," said Rose.
But Derrick Rose's family only looks on lovingly at their chosen one on this day of accolades. His father figure, brother Reggie, always thought this was possible.
"I always knew by his work ethic that if put in the right place, the right position, he could be a tremendous player in the NBA. And one thing about Derrick, he listened. He never rebelled against me," said Reggie Rose.
The humility to absorb the detailed lessons of what it takes to succeed -- in sport and in life -- from family, coaches and elders propelled him from Murray Park to here.
"He would be always doing something with older people instead of young people and they would just sit up and talk to him and hug him and talk to him," said Brenda Rose, mother.
That issue of humility was on the lips of everyone ABC7 talked to on Wednesday, both in his neighborhood and on his team, his coaches and so on. It is a consistent theme with this star of the Chicago Bulls. He's getting set to play in game three of the playoffs on Thursday in Boston. But he said it's an award he really did want to win, given he was the number one pick overall. He wanted to prove he was worth it. He let out a little smile and a little sense of satisfaction over that.
Rose 3rd Bull to win award
Rose became the third Bulls player to win the award Wednesday, joining Michael Jordan and Elton Brand. He received 111 first-place votes and 574 points from a national panel of sports writers and broadcasters; runner-up O.J. Mayo of the Memphis Grizzlies received five first-place votes and 127 points.
"When I first came into the season, my biggest thing was to get this award," Rose said. "I was telling you all that I didn't care, but I did. You really do want this award. There was a lot of talent out there that I had to go against."
Rose's selection was hardly a surprise, after the No. 1 overall draft pick led all rookies with 6.3 assists per game and was second in scoring average at 16.8, and established himself as the franchise's first true cornerstone since Jordan.
"I think there are very few people in the NBA who could do what he did this year," teammate Joakim Noah said. "You tell me another No. 1 pick who got to the playoffs in their hometown, especially in a big city with so many distractions and so many things going on. I mean, he's all about one thing and that's winning basketball games, and that's what I respect about him."
The only other players who received first-place votes were Brook Lopez of the New Jersey Nets and Russell Westbrook of the Oklahoma City Thunder. Eric Gordon of the Los Angeles Clippers rounded out the top five.
A point guard from Chicago's South Side, Rose used his strength, blinding quickness and uncanny maturity to help turn around a team that went 33-49 last season.
Rose's approach, as much as his talent, also impressed veteran guard Lindsey Hunter.
"Not many guys can transfer it from here to there that fast," Hunter said, pointing from his head to the court. "But he's able to do that. I think that's what's so unique about him."
Rose was the Eastern Conference rookie of the month in November and December and again in March, helping the Bulls go 41-41 and reach the postseason for the fourth time in five years. In last Saturday's playoff opener against Boston, Rose matched Kareem Abdul-Jabbar's scoring record for a debuting rookie with 36 points and 11 assists in a 105-103 overtime victory.
Rose added 10 points, seven assists and six rebounds in a Game 2 loss.
"He can finish around the basket, and that's not easy for -- he's not small, but he's not a big guard," Lakers coach Phil Jackson said. "He's good at that, and that's impressive for a guy that size. His quickness to the basket is impressive."
The Chicago Tribune first reported that Rose had won the award.
Rose excelled from the start and never really slowed down, although he was at times benched late in games. That stopped after general manager John Paxson chatted with coach Vinny Del Negro, but whether he was playing in the closing moments or not, Rose never complained publicly.
"He plays both ends of the court, which is refreshing to see," Lakers star Kobe Bryant said. "A lot of young players don't play both ends. He works hard at it, defense as well."
Indiana coach Jim O'Brien even compared him to LeBron James.
"They're different positions, but LeBron James has the same thing -- it's hard to knock him off his driving lane," O'Brien said. "And I think he's improved his outside shot. And I think he knows the game."
From the moment he returned to Chicago, Rose has fit with the Bulls. They won the draft lottery despite 1.7 percent odds and could have picked Michael Beasley, the high-scoring forward from Kansas State. Instead, they went with the guard who grew up a few miles from the United Center in the rough Englewood neighborhood.
They saw a dynamic floor leader, a selfless player -- a winner.
Rose led Simeon Career Academy to the state championship and Memphis to 38 wins and the NCAA title game in his lone season. Now, he's helping the Bulls turn things around after what seemed like a solid plan went awry.
Two years ago, Chicago won 49 games and swept Miami before falling to Detroit in the second round of the playoffs.
Failed contract negotiations involving Luol Deng and Ben Gordon along with Bryant trade rumors set a bad tone last season, and coach Scott Skiles was fired in December. Interim coach Jim Boylan was gone at the end of the season, and the Bulls settled on Del Negro after high-profile courtships with Mike D'Antoni and Doug Collins.
Along the way, they scored arguably their biggest victory in a decade when they won the draft lottery. With Rose running the show, the Bulls believe their cornerstone is in place for the next decade.
"I've got a lot of friends who are coaches," Hunter said. "I'm like, 'Man, you guys don't know how good he is. He doesn't even understand what he is yet.' ... I see him being that point guard that is going to push Deron Williams and Chris Paul to the limit."
The Associated Press contributed to this report.