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




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E Oak St / N Michigan Ave

NEIGHBORHOOD REPORT
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640 Vital Statistics. 29 Condition Alerts found.

Real Estate alerts

Real Estate


44

Statistics

alerts 5 Alerts

Found
Demographics alerts

Demographics


136

Statistics

alerts 3 Alerts

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Crimes alerts

Crimes


67

Statistics

alerts 3 Alerts

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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 11 Alerts

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


Real Estate Prices and Overview

E Oak St / N Michigan Ave median real estate price is $554,331, which is more expensive than 90.5% of the neighborhoods in Illinois and 84.9% of the neighborhoods in the U.S.

The average rental price in E Oak St / N Michigan Ave is currently $1,794, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 91.2% of the neighborhoods in Illinois.

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

E Oak St / N Michigan 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 owner occupied. Many of the residences in the E Oak St / N Michigan Ave neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Vacant apartments or homes are a major fact of life in E Oak St / N Michigan Ave. The current real estate vacancy rate here is 18.7%. This is higher than the rate of vacancies in 83.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (10.6%). 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 E Oak St / N Michigan Ave 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 E Oak St / N Michigan Ave neighborhood: a neighborhood in which more "urban sophisticates" live than 99.6% 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, the types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. NeighborhoodScout's exclusive analysis reveals that this neighborhood, above nearly every neighborhood in America, has a greater percentage of its residents living alone: 52.4%. This is a higher percent living alone than we found in 97.8% of all U.S. neighborhoods. Often residents who live alone are new arrivals to an area who are single, and often senior citizens who have lost a spouse.

Finally, some neighborhoods have residents that are more educated than others. But in this neighborhood there is a dramatic difference. NeighborhoodScout's exclusive analysis reveals that 36.9% of the adults here have earned a Masters degree, medical degree, Ph.D. or law degree. This is a higher rate of people with a graduate degree than is found in 97.4% of U.S. neighborhoods, where the average American neighborhood has 8.4% of its adults with a graduate degree. If you are highly educated, you may have much in common with many of your neighbors here.

Notable & Unique: Diversity

Did you know that the E Oak St / N Michigan Ave neighborhood has more Greek and Russian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.0% of this neighborhood's residents have Greek ancestry and 5.1% have Russian ancestry.

E Oak St / N Michigan Ave is also pretty special linguistically. Significantly, 0.2% of its residents five years old and above primarily speak Yiddish at home. While this may seem like a small percentage, it is higher than 98.3% of the neighborhoods in America.

Notable & Unique: Real Estate

The real estate in the E Oak St / N Michigan Ave 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, 90.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.5% of American neighborhoods.

In addition, the E Oak St / N Michigan Ave neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 43,455 persons per square mile in the neighborhood, it is more packed with people than 98.3% of the nation's neighborhoods. 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 E Oak St / N Michigan Ave neighborhood is one of the most walkable neighborhoods in America.

Notable & Unique: Modes of Transportation

Our research revealed that more commuters here take the bus to work (24.2% ride the bus) than 98.1% 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.

Also, more people in E Oak St / N Michigan Ave choose to walk to work each day (13.9%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

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 E Oak St / N Michigan Ave neighborhood has a highly unusual pattern of car ownership. 32.3% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 97.1% of U.S. neighborhoods.

Notable & Unique: Occupations

The E Oak St / N Michigan Ave neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 97.0% of the neighborhoods in American. In fact, 67.3% 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 E Oak St / N Michigan Ave 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 92.0% 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

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the E Oak St / N Michigan Ave neighborhood, 67.3% 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 25.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (5.3%), and 4.0% in government jobs, whether they are in local, state, or federal positions.

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 E Oak St / N Michigan Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as German (16.2%). There are also a number of people of Irish ancestry (11.6%), and residents who report English roots (9.1%), and some of the residents are also of Polish ancestry (6.3%), along with some Italian ancestry residents (5.3%), among others.

The Neighbors: Languages

The most common language spoken in the E Oak St / N Michigan Ave neighborhood is English, spoken by 89.3% of households. Some people also speak Spanish (3.2%).

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 Oak St / N Michigan Ave neighborhood spend between 15 and 30 minutes commuting one-way to work (43.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (36.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (24.2%) and 13.9% of residents also hop out the door and walk to work 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.

Neighborhood Real Estate Data

44 Vital Statistics. 5 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 (E Oak St / N Michigan Ave) HOMES

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

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

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SIZE OF Chicago, IL (E Oak St / N Michigan Ave) 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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Age / Marital Status

 

Age

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Military & College Status

 
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Household Types

 

One person households

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Single Parent with Child

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Employment Industries in E Oak St / N Michigan Ave

 
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Commute to work

 

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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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Education

 

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Neighborhood Crime Data

67 Vital Statistics. 3 Condition Alerts 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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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
E Oak St / N Michigan Ave 0.101011101001110
Chicago 0.101011101001110
Illinois 3.84

My Chances of Becoming a Victim of a Violent Crime

1 in

in E Oak St / N Michigan Ave

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
E Oak St / N Michigan Ave 0.101011101001110
Chicago 0.101011101001110
Illinois 19.89

My Chances of Becoming a Victim of a Property Crime

1 in

in E Oak St / N Michigan Ave

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
E Oak St / N Michigan Ave 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
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Non-instructional Expenditures
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