Found within zip codes: 60615
Popular real estate near Chicago, IL (E 51st St / S Michigan Ave)
E 51st St / S Michigan Ave median real estate prices are $143,240, which is more expensive than 42.3% of the neighborhoods in Illinois and 43.9% of the neighborhoods in the U.S.
Average rental prices in E 51st St / S Michigan Ave are currently $641, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 58.7% of Illinois neighborhoods.
E 51st St / S Michigan Ave is an urban neighborhood (based on population density) located in Chicago, Illinois.
E 51st St / S Michigan Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the E 51st St / S Michigan Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in E 51st St / S Michigan Ave. The current real estate vacancy rate here is 27.4%. This is higher than the rate of vacancies in 92.8% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.Notable & Unique Neighborhood Characteristics
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.Notable & Unique: Modes of Transportation
More people ride the bus in this neighborhood each day to get to work than 99.9% of U.S. neighborhoods.Notable & Unique: People
Whether by choice, divorce, or unplanned pregnancy, single moms may have the toughest job in the book. NeighborhoodScout's exclusive analysis reveals that the E 51st St / S Michigan Ave neighborhood has more single mother households than 99.2% of the neighborhoods in the U.S. Often high concentrations of single mother homes can be a strong indicator of family and social issues such as poverty, high rates of school dropouts, crime, and other societal problems.Notable & Unique: Car Ownership
American households most often have a car, and regularly they have two or three. But households in the E 51st St / S Michigan Ave neighborhood buck this trend. 34.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.3% of U.S. neighborhoods.The Neighbors The Neighbors: Income
There are two complimentary 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 E 51st St / S Michigan Ave neighborhood in Chicago are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 74.6% of U.S. neighborhoods. With 47.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.7% of U.S. neighborhoods.The Neighbors: Occupations
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 E 51st St / S Michigan Ave neighborhood, 35.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 31.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.0%), and 13.6% in manufacturing and laborer occupations.The Neighbors: Ethnicity / Ancestry
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco. In the E 51st St / S Michigan Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Puerto Rican (0.7%).The Neighbors: Languages
The most common language spoken in the E 51st St / S Michigan Ave neighborhood is English, spoken by 96.2% of households. Some people also speak Spanish (3.7%).Getting to Work
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 E 51st St / S Michigan Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (40.8% of working residents), longer and tougher than most commutes in America.
Here most residents (48.1%) ride the bus to get to work. In addition, quite a number also drive alone in a private automobile to get to work (32.9%) and 9.8% of residents also take the train for their daily commute. The bus provides a valuable service in the E 51st St / S Michigan Ave 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.
|MEDIAN HOUSE VALUE||$143,240|
HOUSE VALUE RANGE
|RENTAL PRICE||Medium cost relative to IL, medium cost relative to the nation|
|NEIGHBORHOOD LOOK, FEEL, & CHARACTER||DETAILS|
|THE SETTING||Urban (based on population density)|
|TYPE OF HOMES / DWELLINGS||Mostly Complexes/high rise apartments, some Small apartment buildings, some Single-family homes and a few Rowhouses & attached homes|
|SIZE OF HOMES / DWELLINGS||Mostly Medium-sized dwellings (3 or 4 bedrooms), some Small dwellings (1, 2, or no bedrooms) and a few Large dwellings (4 or 5 bedrooms)|
|AGE OF HOMES / DWELLINGS||Mostly Well established older homes (Built 1940 - 1969), some Established but not old (Built 1970 – 1999), some Historic homes (Built 1939 or earlier) and some Newer Homes (Built 2000 or later)|
|SPECIAL CHARACTER||Mostly Walkable, Hip & Trendy and Urban Sophisticates|
|AGE & LIFESTYLE||Mostly Young singles-upwardly mobile (young, educated, professionally employed, and single), some Mixed ages, some Seniors (people 65 and over) and some Families with children (family households with school-aged children)|
|EDUCATION LEVEL||Rating: 3 (5 is average for the U.S., 10 is most educated)|
|INCOME||Lower middle income (somewhat below average income for America)|
|OCCUPATIONS||Mostly Executive, managerial & professional, some Sales & Service workers, some Clerical, assistants & technical support and some Manufacturing & Laborers|
|ETHNICITY / ANCESTRY||Mostly Black, some White (non-Hispanic) and some Hispanic|
|LANGUAGES||Mostly English speaking and some Spanish speaking|
|SCHOOLS IN THIS NEIGHBORHOOD *||GRADES|
DYETT HIGH SCHOOL
555 EAST 51ST ST, CHICAGO, IL 60615
ACE TECHNICAL CHARTER HIGH SCHOOL
5410 SOUTH STATE ST, CHICAGO, IL 60609
BEASLEY ELEM MAGNET ACADEMIC CTR
5255 SOUTH STATE ST, CHICAGO, IL 60609
* Depending on where you live in this neighborhood, your children may attend these schools or other schools outside the neighborhood. Always check with your local school department to determine which schools your children may attend based on your specific address and your child's grade-level.
This neighborhood is served by one 1 district.
405,644 Students enrolled in District
READING & MATH
|ETHNIC/RACIAL GROUPS||THIS DISTRICT||THIS STATE|
|WHITE (NON-HISPANIC) (%)||8.6||51.3|
|ASIAN OR PACIFIC ISLANDER (%)||3.2||4.1|
|AMERICAN INDIAN OR NATIVE OF ALASKA (%)||0.4||0.3|
|ECONOMIC GROUPS||THIS DISTRICT||THIS STATE|
|ECONOMICALLY DISADVANTAGED (%)||75.5||44.1|
|FOR THIS DISTRICT||PER STUDENT||TOTAL||% OF TOTAL|
|NEIGHBORHOOD EDUCATIONAL ENVIRONMENT|
|ADULTS IN NEIGHBORHOOD WITH COLLEGE DEGREE OR HIGHER (%)||12.2|
|CHILDREN IN THE NEIGHBORHOOD LIVING IN POVERTY (%)||47.2|
|PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||COMPARED TO IL*||COMPARED TO AMERICA*|
|LAST 10 YEARS|
|LAST 5 YEARS|
|LAST 2 YEARS|
|LAST 12 MONTHS|
|* 10 is highest|
E 51st St / S Michigan Ave neighborhood appreciation rates are for subscribers only. Chicago, IL appreciation rates (city-wide averages) are open to all visitors.
National Median 3.9
My chances of becoming a victim
in E 51st St / S Michigan Ave SUBSCRIBE FOR DETAIL
in Chicago 1 in 97
in Illinois 1 in 233
National Median 29.1
My chances of becoming a victim
in E 51st St / S Michigan Ave SUBSCRIBE FOR DETAIL
in Chicago 1 in 23
in Illinois 1 in 37
E 51st St / S Michigan Ave neighborhood Crime data are subscription only. Chicago, IL crime rates (city-wide averages) are open to all visitors.
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