W Lexington St / S Albany Ave median real estate price is $314,425, which is more expensive than 53.2% of the neighborhoods in Illinois and 40.1% of the neighborhoods in the U.S.
The average rental price in W Lexington St / S Albany Ave is currently $2,064, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 47.8% of Illinois neighborhoods.
W Lexington St / S Albany Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Lexington St / S Albany Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) small apartment buildings and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the W Lexington St / S Albany Ave 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 2000 and the present.
Home and apartment vacancy rates are 6.8% in W Lexington St / S Albany Ave. NeighborhoodScout analysis shows that this rate is lower than 54.0% 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 W Lexington St / S Albany Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Corner bodegas, stores on the first floor and apartments above, former grand Victorian residences converted into apartments, three-deckers built shoulder-to-shoulder, duplexes. Such building types define the real estate of neighborhoods dominated by small 2, 3, and 4 unit apartment buildings. Many are in older core neighborhoods of Eastern and Midwestern cities, or historic town centers in their hinterlands. If you wax romantic about the look and feel of such neighborhoods, with fresh pizza, falafel and an independent florist at the corner, then you might find the W Lexington St / S Albany Ave neighborhood worth a close look. This neighborhood is an absolutely outstanding example of the dominance of small 2, 3, and 4 unit apartment buildings compared to neighborhoods across the nation, as they make up a substantial portion of this neighborhood's real estate stock. In fact, no less than 82.2% of the real estate here is made up of such dwellings, which is higher than 99.9% of all U.S. neighborhoods.
In addition, being a walkable neighborhood can help increase property values for the simple reason that people enjoy it and value it. To put it plainly, despite our love affair with the automobile, American's enjoy taking to the streets, sidewalks, paths, and courtyards of a place to get a coffee, relax, and take in the sights and sounds. And, according to NeighborhoodScout's exclusive and first quantitative walkable score index, the W Lexington St / S Albany Ave neighborhood is one of the most walkable neighborhoods in America.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 67.6% of the residential real estate in the W Lexington St / S Albany Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
More people ride the bus in this neighborhood each day to get to work than 99.8% of U.S. neighborhoods.
The W Lexington St / S Albany Ave neighborhood stands out for having an average per capita income lower than 99.2% of the neighborhoods in the United States. Also of note, 78.9% of the children in this area live in poverty; an extraordinarily high percentage compared to other neighborhoods in the nation. In a nation where approximately one in four children grows up in poverty, this neighborhood stands out for the depth of the problem manifested here.
In addition, of particular note, 9.6% of the people in the W Lexington St / S Albany Ave neighborhood currently reside in a correction facility, held due to punishment for a crime.
American households most often have a car, and regularly they have two or three. But households in the W Lexington St / S Albany Ave neighborhood buck this trend. 25.9% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 96.5% of U.S. neighborhoods.
The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the W Lexington St / S Albany Ave neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.2% of its workforce, this neighborhood has a greater concentration of government workers than 95.7% of U.S. neighborhoods.
Did you know that the W Lexington St / S Albany Ave neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 23.7% of this neighborhood's residents have African ancestry and 23.7% have Sub-Saharan African 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 W Lexington St / S Albany Ave neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 99.2% of U.S. neighborhoods. With 78.9% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.3% 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 W Lexington St / S Albany Ave neighborhood, 31.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 31.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (24.0%), and 13.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
Languages
The most common language spoken in the W Lexington St / S Albany Ave neighborhood is English, spoken by 97.6% of households.
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 W Lexington St / S Albany Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (23.7%). There are also a number of people of African ancestry (23.7%), and residents who report Irish roots (1.5%), and some of the residents are also of English ancestry (1.2%).
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 W Lexington St / S Albany Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (35.4% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (51.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (32.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
