Chicago, IL (N Michigan Ave / E Walton St)




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N Michigan Ave / E Walton St

NEIGHBORHOOD REPORT
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640 Vital Statistics. 23 Condition Alerts found.

Real Estate alerts

Real Estate


44

Statistics

alerts 8 Alerts

Found
Demographics alerts

Demographics


136

Statistics

alerts 3 Alerts

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Crimes alerts

Crimes


67

Statistics

alerts 1 Alert

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Schools alerts

Schools


65

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alerts 7 Alerts

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328

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alerts 4 Alerts

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About Chicago, IL (N Michigan Ave / E Walton St)


Real Estate Prices and Overview

N Michigan Ave / E Walton St median real estate price is $581,023, which is more expensive than 93.1% of the neighborhoods in Illinois and 87.1% of the neighborhoods in the U.S.

The average rental price in N Michigan Ave / E Walton St is currently $1,837, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 93.1% of the neighborhoods in Illinois.

N Michigan Ave / E Walton St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

N Michigan Ave / E Walton St 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 single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the N Michigan Ave / E Walton St 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 N Michigan Ave / E Walton St. The current real estate vacancy rate here is 27.4%. This is higher than the rate of vacancies in 92.7% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (13.9%). This can occur in 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. If you live here year round, 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: People

In a nation where 1 out of every 4 children lives in poverty, the N Michigan Ave / E Walton St neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, 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 N Michigan Ave / E Walton St neighborhood: a neighborhood in which more "urban sophisticates" live than 99.1% 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 active retirees.

Also, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 79.8% of the adults living in the N Michigan Ave / E Walton St neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 98.9% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Finally, one of the most interesting things about the N Michigan Ave / E Walton St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 55.1% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 98.5% of the neighborhoods in America.

Notable & Unique: Real Estate

The real estate in the N Michigan Ave / E Walton St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 96.7% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 99.5% of American neighborhoods.

In addition, what you'll find when you visit or move to this neighborhood is one of the most crowded neighborhoods in all of America. With an incredible 62,419 people per square mile, it is more densely populated than 99.0% of America's neighborhoods.

Furthermore, the N Michigan Ave / E Walton St neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 81.2% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Notable & Unique: Modes of Transportation

In the N Michigan Ave / E Walton St neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 36.0% of residents here. This is a higher proportion of walking commuters than we found in 99.1% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, our research revealed that more commuters here take the bus to work (16.3% ride the bus) than 95.4% 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.

Notable & Unique: Diversity

Did you know that the N Michigan Ave / E Walton St neighborhood has more Yugoslav and Eastern European ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.6% of this neighborhood's residents have Yugoslav ancestry and 2.1% have Eastern European ancestry.

N Michigan Ave / E Walton St is also pretty special linguistically. Significantly, 4.5% of its residents five years old and above primarily speak French at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

Notable & Unique: Car Ownership

American households most often have a car, and regularly they have two or three. But households in the N Michigan Ave / E Walton St neighborhood buck this trend. 44.6% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 98.2% of U.S. neighborhoods.

Notable & Unique: Occupations

The N Michigan Ave / E Walton St neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.8% of the neighborhoods in American. In fact, 69.3% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.


The Neighbors

The Neighbors: Income

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 N Michigan Ave / E Walton St neighborhood in Chicago are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 92.6% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America'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 N Michigan Ave / E Walton St neighborhood, 69.3% 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 19.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (9.5%).

The Neighbors: 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 N Michigan Ave / E Walton St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Asian (15.6%). There are also a number of people of German ancestry (13.8%), and residents who report English roots (11.0%), and some of the residents are also of Irish ancestry (9.4%), along with some Italian ancestry residents (5.9%), among others. In addition, 22.4% of the residents of this neighborhood were born in another country.

The Neighbors: 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 N Michigan Ave / E Walton St neighborhood is English, spoken by 71.9% of households. Other important languages spoken here include Chinese, French and Spanish.

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 N Michigan Ave / E Walton St neighborhood spend under 15 minutes commuting one-way to work (34.5% of working residents), one of the shortest commutes across America.

Here most residents (36.0%) hop out the door and walk to work to get to work. In addition, quite a number also drive alone in a private automobile to get to work (23.1%) and 16.3% of residents also ride the bus for their daily commute. This is a special neighborhood for the number of people who walk to work. Combining exercise, low cost, and reduced pollution, plus the chance to see your neighbors, walking to work is fairly uncommon in America but likely to increase as people try to reduce their dependence on automobiles, and this neighborhood offers that opportunity today.

Neighborhood Real Estate Data

44 Vital Statistics. 8 Condition Alerts found.

Average Home Values

 

Median Home Value:
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Median Real Estate Taxes:
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Neighborhood Home Prices

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years of average rent needed to buy average home in this neighborhood
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Average Market Rent

 

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MEDIAN MONTHLY RENT BY NUMBER OF BEDROOMS

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Setting

 
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Neighborhood Look and Feel

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Housing Market Details

 

AGE OF Chicago, IL (N Michigan Ave / E Walton St) HOMES

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TYPE OF Chicago, IL (N Michigan Ave / E Walton St) HOMES

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SIZE OF Chicago, IL (N Michigan Ave / E Walton St) HOMES

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SIZE OF Chicago, IL (N Michigan Ave / E Walton St) HOMES

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homeownership

 
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Neighborhood Demographics Data

136 Vital Statistics. 3 Condition Alerts found.

Lifestyle

 
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Special character

 
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Age / Marital Status

 

Age

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Military & College Status

 
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Household Types

 

One person households

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Married Couple with Child

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Single Parent with Child

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Employment Industries in N Michigan Ave / E Walton St

 
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Commute to work

 

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Means Of Transport

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Vehicles Per Household

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Migration & Mobility

 
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Race & Ethnic Diversity

 
Diversity Index

(100 is the most diverse)


More diverse than of U.S. neighborhoods.

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Occupations

 
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Ancestries & Languages Spoken

 

Ancestry (top 20)

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Unemployment Rate

 
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Average Income

 

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Education

 

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income & education

 
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Neighborhood Crime Data

67 Vital Statistics. 1 Condition Alert found.

Neighborhood Crime Data

 
total Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Neighborhood Annual Crimes
  Violent Property Total
Number of Crimes
Crime Rate
(per 1,000 residents)

Neighborhood Violent Crime

violent Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Violent Crime Index By Type
Murder
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Rape
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Robbery
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Assault
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100 is safest

100 is safest

100 is safest

100 is safest

violent Crime Comparison (per 1,000 residents)

Crime
N Michigan Ave / E Walton St 0.101011101001110
Chicago 0.101011101001110
Illinois 3.84
My Chances of Becoming a Victim of a Violent Crime

1 in

in N Michigan Ave / E Walton St

1 in

in Chicago

1 in 261

in Illinois
Chicago VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000
United States VIOLENT CRIMES
Population:
Murder Rape Robbery Assault
Report Total
Rate per 1,000

Neighborhood Property Crime

property Crime Index

(100 is safest)


Safer than of U.S. neighborhoods.

Property Crime Index By Type
Burglary
Index
Theft
Index
Motor Vehicle
Theft

100 is safest

100 is safest

100 is safest

property Crime Comparison (per 1,000 residents)

Crime
N Michigan Ave / E Walton St 0.101011101001110
Chicago 0.101011101001110
Illinois 19.89
My Chances of Becoming a Victim of a Property Crime

1 in

in N Michigan Ave / E Walton St

1 in

in Chicago

1 in 50

in Illinois
Chicago Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000
United States Property CRIMES
Population:
burglary theft motor vehicle theft
Report Total
Rate per 1,000

Crimes Per Square Mile

Crime
N Michigan Ave / E Walton St 0.101011101001110
Chicago 0.101011101001110
Illinois 33

Neighborhood Public School Data

65 Vital Statistics. 7 Condition Alerts found.

School Rating Information

 
School Quality

(100 is best)

Better than of U.S. schools.

Neighborhood School Quality Rating

Rates the quality of all K-12 public schools that serve this neighborhood. Info

Schools That Serve This Neighborhood *

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Neighborhood Educational Environment

Adults In Neighborhood With College Degree Or Higher
Children In The Neighborhood Living In Poverty

This neighborhood is served by 1 district:

CITY OF CHICAGO SD 299


Students Enrolled in This District


Schools in District


Students Per Classroom

District Quality Compared to Illinois

(10 is best)

Better than of IL school districts.

District Quality Compared to U.S. info

(10 is best)

Better than of US school districts.

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Public School Test Scores (No Child Left Behind)

Discipline District State
Proficiency in Reading and Math 0.101011101001110 0.101011101001110
Proficiency in Reading 0.101011101001110 0.101011101001110
Proficiency in Math 0.101011101001110 0.101011101001110

School District Enrollment By Group

Ethnic/racial Groups This District This State
White (non-hispanic)
Black
Hispanic
Asian Or Pacific Islander
American Indian Or Native Of Alaska
Economic Groups This District This State
ECONOMICALLY DISADVANTAGED
FREE LUNCH ELIGIBLE
REDUCED LUNCH ELIGIBLE

Educational Expenditures

For This District Per Student Total % Of Total
Instructional Expenditures
Support Expenditures
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Total Support
Non-instructional Expenditures
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