N Drake Ave / W Altgeld St median real estate price is $642,079, which is more expensive than 92.2% of the neighborhoods in Illinois and 79.2% of the neighborhoods in the U.S.
The average rental price in N Drake Ave / W Altgeld St is currently $2,786, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 83.3% of the neighborhoods in Illinois.
N Drake Ave / W Altgeld St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
N Drake Ave / W Altgeld St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the N Drake Ave / W Altgeld St neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Home and apartment vacancy rates are 6.1% in N Drake Ave / W Altgeld St. NeighborhoodScout analysis shows that this rate is lower than 59.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Chicago, the N Drake Ave / W Altgeld St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
The first thing that you'll notice if you moved to this neighborhood is that an astounding 3.5% of the households are same sex couples. According to NeighborhoodScout's analysis, this is a higher proportion of same sex households than in 99.5% of the neighborhoods in America. This is one indicator that this neighborhood is likely a gay-friendly neighborhood. So if you are looking for such a neighborhood, the N Drake Ave / W Altgeld St neighborhood should definitely be on your list of places to consider.
In addition, if you're a regular supporter of the arts and enjoy outings to the theatre, weekend boutique-ing, or even a finely aged wine with dinner, than you're in good company with the people of the N Drake Ave / W Altgeld St neighborhood. This neighborhood is uniquely immersed with more "urban sophisticates" than 98.0% of neighborhoods across the country. The people here truly stand out as a class among their own. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. Urban sophisticates live a big city lifestyle, whether or not they live in or near a big city. They are educated executives or managers by week, and serial patrons of the arts by weekend. If this lifestyle pertains to you, than you'll certainly feel right at home in the N Drake Ave / W Altgeld St neighborhood. In addition to being an excellent choice for urban sophisticates, this neighborhood is also a very good choice for young, single professionals.
Modes of Transportation
A unique way of commuting is simply not to. And in the N Drake Ave / W Altgeld St neighborhood, analysis shows that 35.5% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 98.9% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.
Also, in the N Drake Ave / W Altgeld St neighborhood, 27.4% of people ride the train to work each day. This is a very high percentage compared to most places. In fact, NeighborhoodScout's analysis reveals that this is a higher level of train ridership than in 98.0% of the neighborhoods in America.
Finally, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 2.6% of residents in the N Drake Ave / W Altgeld St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.0% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Real Estate
If you like crowded places, then you will probably enjoy the the N Drake Ave / W Altgeld St neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.5% of neighborhoods in the U.S., with 22,391 people per square mile living here. Even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The N Drake Ave / W Altgeld St neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The N Drake Ave / W Altgeld St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 49.7% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 98.4% of America's neighborhoods.
Furthermore, do you watch 'This Old House' on Public Television? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The N Drake Ave / W Altgeld St neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 90.8% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 100.0% of the neighborhoods in the United States.
Diversity
Did you know that the N Drake Ave / W Altgeld St neighborhood has more Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.9% of this neighborhood's residents have Puerto Rican ancestry.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the N Drake Ave / W Altgeld St neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 86.3% of the neighborhoods in America. With 14.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 59.4% of U.S. neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the N Drake Ave / W Altgeld St neighborhood, 64.0% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 14.8% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (13.9%), and 7.3% in manufacturing and laborer occupations.
Languages
The most common language spoken in the N Drake Ave / W Altgeld St neighborhood is English, spoken by 77.6% of households. Some people also speak Spanish (18.6%).
Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the N Drake Ave / W Altgeld St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (18.9%). There are also a number of people of German ancestry (14.9%), and residents who report Italian roots (12.7%), and some of the residents are also of Irish ancestry (11.9%), along with some Polish ancestry residents (7.5%), among others. In addition, 12.1% of the residents of this neighborhood were born in another country.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in N Drake Ave / W Altgeld St neighborhood spend between 30 and 45 minutes commuting one-way to work (59.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (27.4%) take the train to get to work. In addition, quite a number also drive alone in a private automobile to get to work (27.1%) and 5.9% of residents also ride the bus for their daily commute. This neighborhood is distinguished by the high number of residents who take the train to work each day, which can be a very good way to get to work at a lower cost and with less pollution.
