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 Addison St / N Lakewood Ave neighborhood, has some outstanding things about the way it
looks and its way of life that are worth highlighting.
Notable & Unique: People
Of note is NeighborhoodScout's research finding that the
W Addison St / N Lakewood Ave neighborhood has some of the lowest rates of children
living in poverty of any neighborhood in the United States. In a nation
where approximately 1 in 4 children are living in poverty, the
W Addison St / N Lakewood Ave community truly stands out from the rest in this regard.
In addition, the rate of college educated adults in the W Addison St / N Lakewood Ave neighborhood
is a unique characteristic of the neighborhood. 75.1% of
adults here have received at least a 4-year bachelor's degree, compared to
the average neighborhood in America, which has 22.6% of the adults with a
bachelor's degree. The rate here is higher than NeighborhoodScout found in
97.8% of all U.S. neighborhoods.
Also, think about the people you know personally. How many of them would
purchase box seats to opening night at the symphony? How many of them
regularly attend gallery openings, or are the first to reserve tickets
to opening night at the ballet? If they're like most of us, they don't
do any of these things. But if you're among an exclusive crowd of wealthy
and refined patrons of the arts, then you'll feel right at home in
the W Addison St / N Lakewood Ave neighborhood: a neighborhood in which more
"urban sophisticates" live than 96.4% of neighborhoods
across the U.S. Here, your neighbors are defined as having urbane
tastes in literature, music, live theatre and the arts. They are wealthy,
educated, travel in style, and live a big city lifestyle whether or
not they live in or near a big city.
In addition to being an excellent choice for urban sophisticates, this
neighborhood is also a very good choice for young, single professionals and college students.
Notable & Unique: Diversity
Did you know that the W Addison St / N Lakewood Ave neighborhood has more
Irish and Belgian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 31.9% of
this neighborhood's residents have Irish ancestry and 1.6% have Belgian ancestry.
W Addison St / N Lakewood Ave is also pretty special linguistically. Significantly, 2.1% of its residents five years old and above primarily
speak German at home. While this may seem like a small percentage, it is higher
than 98.0% of the neighborhoods in America.
Notable & Unique: Real Estate
If you like crowded places, then you will probably enjoy the W Addison St / N Lakewood Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.7% of neighborhoods in the U.S., with 27,138 people per square mile living here. 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 Addison St / N Lakewood Ave neighborhood is one of the most walkable neighborhoods in America.
In addition, 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 Addison St / N Lakewood 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 46.9% of the real estate here is made up of such dwellings, which is higher than 97.5% of all U.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 W Addison St / N Lakewood Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 63.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 96.2% of the neighborhoods in the United States.
Notable & Unique: Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you.
NeighborhoodScout's research revealed that 36.9% of the
W Addison St / N Lakewood Ave neighborhood's commuters ride the train to and from work each
day, which is more than we found in 98.0% of America's
Notable & Unique: Car Ownership
We Americans love our cars. Not only are they a necessity for most Americans
due to the shape of our neighborhoods and the distances between where we
live, work, shop, and go to school, but we also fancy them. As a result,
most households in America have one, two, or three cars. But NeighborhoodScout's
exclusive analysis shows that the W Addison St / N Lakewood Ave neighborhood has
a highly unusual pattern of car ownership.
22.4% of the households in this neighborhood don't own a car at
all. This is more carless households than NeighborhoodScout found in
95.2% of U.S. neighborhoods.