E 47th St / S Indiana Ave median real estate price is $129,678, which is less expensive than 69.4% of Illinois neighborhoods and 69.9% of all U.S. neighborhoods.
The average rental price in E 47th St / S Indiana Ave is currently $936, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 58.4% of Illinois neighborhoods.
E 47th St / S Indiana Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
E 47th St / S Indiana Ave 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 renter occupied. Many of the residences in the E 47th St / S Indiana 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 1940 and 1969.
Vacant apartments or homes are a major fact of life in E 47th St / S Indiana Ave. The current real estate vacancy rate here is 25.7%. This is higher than the rate of vacancies in 91.5% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. 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.