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Real Estate Prices & Overview

W Altgeld St / N Mason Ave median real estate price is $298,165, which is more expensive than 56.8% of the neighborhoods in Illinois and 42.1% of the neighborhoods in the U.S.

The average rental price in W Altgeld St / N Mason Ave is currently $1,869, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.7% of Illinois neighborhoods.

W Altgeld St / N Mason Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

W Altgeld St / N Mason Ave real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes 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 W Altgeld St / N Mason 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.

Real estate vacancies in W Altgeld St / N Mason Ave are 4.6%, which is lower than one will find in 69.1% of American neighborhoods. Demand for real estate in W Altgeld St / N Mason Ave 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.

Notable & Unique Neighborhood Characteristics

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 Altgeld St / N Mason Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

If you like crowded places, then you will probably enjoy the the W Altgeld St / N Mason Ave neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 95.5% of neighborhoods in the U.S., with 22,417 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 Altgeld St / N Mason Ave neighborhood is one of the most walkable neighborhoods in America.

In addition, three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The W Altgeld St / N Mason Ave neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 43.4% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 97.6% of America's neighborhoods.

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 61.1% of the residential real estate in the W Altgeld St / N Mason Ave neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 96.8% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Modes of Transportation

Our research revealed that more commuters here take the bus to work (11.7% ride the bus) than 95.8% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

Diversity

Did you know that the W Altgeld St / N Mason Ave neighborhood has more Puerto Rican and Polish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 18.7% of this neighborhood's residents have Puerto Rican ancestry and 13.6% have Polish ancestry.

W Altgeld St / N Mason Ave is also pretty special linguistically. Significantly, 65.8% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 96.8% of all U.S. neighborhoods.

The Neighbors

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 W Altgeld St / N Mason 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 64.3% of U.S. neighborhoods. With 21.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 70.3% of U.S. neighborhoods.

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 W Altgeld St / N Mason Ave neighborhood, 40.0% of the working population is employed in manufacturing and laborer 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 23.2% of the residents employed. Other residents here are employed in executive, management, and professional occupations (22.9%), and 13.9% in clerical, assistant, and tech support occupations.

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 W Altgeld St / N Mason Ave neighborhood is Spanish, spoken by 65.8% of households. Other important languages spoken here include English and Polish.

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 W Altgeld St / N Mason Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (41.6%). There are also a number of people of Puerto Rican ancestry (18.7%), and residents who report Polish roots (13.6%), and some of the residents are also of Italian ancestry (7.1%), along with some South American ancestry residents (5.7%), among others. In addition, 26.6% of the residents of this neighborhood were born in another country.

Getting to Work

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 Altgeld St / N Mason Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (42.9% of working residents), longer and tougher than most commutes in America.

Here most residents (62.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (13.1%) and 11.7% of residents also ride the bus for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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