S Lake Shore Dr / US Hwy 41 median real estate price is $358,609, which is more expensive than 61.9% of the neighborhoods in Illinois and 47.6% of the neighborhoods in the U.S.
The average rental price in S Lake Shore Dr / US Hwy 41 is currently $2,866, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 80.4% of the neighborhoods in Illinois.
S Lake Shore Dr / US Hwy 41 is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
S Lake Shore Dr / US Hwy 41 real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the S Lake Shore Dr / US Hwy 41 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.
Real estate vacancies in S Lake Shore Dr / US Hwy 41 are 4.4%, which is lower than one will find in 70.9% of American neighborhoods. Demand for real estate in S Lake Shore Dr / US Hwy 41 is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
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 S Lake Shore Dr / US Hwy 41 neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
People
Some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 57.8% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 99.7% of U.S. neighborhoods, where the average American neighborhood has 13.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.
In addition, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 49.7%. This is a higher percent living alone than we found in 95.4% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.
Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 7.3% of residents in the S Lake Shore Dr / US Hwy 41 neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 99.2% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.
Also, more people ride the bus in this neighborhood each day to get to work than 99.2% of U.S. neighborhoods.
Finally, more people in S Lake Shore Dr / US Hwy 41 choose to walk to work each day (16.8%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Real Estate
If you like crowded places, then you will probably enjoy the the S Lake Shore Dr / US Hwy 41 neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.0% of neighborhoods in the U.S., with 24,522 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 S Lake Shore Dr / US Hwy 41 neighborhood is among the top 5% of American neighborhoods in terms of walkability.
In addition, the real estate in the S Lake Shore Dr / US Hwy 41 neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 88.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.0% of American 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 S Lake Shore Dr / US Hwy 41 neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 76.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 99.4% of the neighborhoods in the United States.
Occupations
The S Lake Shore Dr / US Hwy 41 neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 96.8% of the neighborhoods in America. In fact, 72.7% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the S Lake Shore Dr / US Hwy 41 neighborhood buck this trend. 26.5% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.6% of U.S. neighborhoods.
Diversity
Did you know that the S Lake Shore Dr / US Hwy 41 neighborhood has more Eastern European and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.1% of this neighborhood's residents have Eastern European ancestry and 1.2% have Croatian ancestry.
S Lake Shore Dr / US Hwy 41 is also pretty special linguistically. Significantly, 3.4% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 98.1% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the S Lake Shore Dr / US Hwy 41 neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 49.2% of the neighborhoods in America. With 17.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.3% of U.S. neighborhoods.
A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.
In the S Lake Shore Dr / US Hwy 41 neighborhood, 72.7% 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 12.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (8.6%), and 6.4% in government jobs, whether they are in local, state, or federal positions.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the S Lake Shore Dr / US Hwy 41 neighborhood is English, spoken by 79.9% of households. Other important languages spoken here include Spanish, Chinese and Korean.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the S Lake Shore Dr / US Hwy 41 neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (20.8%). There are also a number of people of Irish ancestry (12.6%), and residents who report English roots (11.6%), and some of the residents are also of Asian ancestry (8.8%), along with some Sub-Saharan African ancestry residents (5.4%), among others. In addition, 12.4% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in S Lake Shore Dr / US Hwy 41 neighborhood spend between 30 and 45 minutes commuting one-way to work (31.9% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (23.6%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (18.4%) and 16.8% of residents also hop out the door and walk to work for their daily commute. The bus provides a valuable service in the S Lake Shore Dr / US Hwy 41 neighborhood of Chicago by getting a lot of residents to and from work daily, reducing the costs of commuting and reducing some congestion on the roads as well.
