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Real Estate Prices & Overview

W Altgeld St / N Monticello Ave median real estate price is $557,413, which is more expensive than 85.8% of the neighborhoods in Illinois and 70.4% of the neighborhoods in the U.S.

The average rental price in W Altgeld St / N Monticello Ave is currently $2,686, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 77.7% of the neighborhoods in Illinois.

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

W Altgeld St / N Monticello Ave real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and apartment complexes/high-rise apartments. 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 Monticello 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.

Home and apartment vacancy rates are 6.1% in W Altgeld St / N Monticello Ave. NeighborhoodScout analysis shows that this rate is lower than 59.2% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

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 Altgeld St / N Monticello 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 58.8% of the real estate here is made up of such dwellings, which is higher than 99.1% of all U.S. neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the W Altgeld St / N Monticello 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 28,390 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 Monticello Ave neighborhood is one of the most walkable neighborhoods in America.

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 Altgeld St / N Monticello Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 68.9% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 98.4% of the neighborhoods in the United States.

Modes of Transportation

Would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the W Altgeld St / N Monticello Ave neighborhood is a fantastic option for bicycle commuters, as 3.3% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.3% of the neighborhoods in America.

Also, if you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 12.5% of the W Altgeld St / N Monticello Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.8% of America's neighborhoods.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.7% of U.S. neighborhoods.

People

With more than 1.6% of residents living with a same sex partner, W Altgeld St / N Monticello Ave is truly a neighborhood that stands out from the rest in this regard. In fact, exclusive analysis by NeighborhoodScout reveals that this neighborhood has a greater concentration of same sex couples than 95.0% of U.S. neighborhoods.

Diversity

Did you know that the W Altgeld St / N Monticello Ave neighborhood has more Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 10.5% of this neighborhood's residents have Puerto Rican ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the W Altgeld St / N Monticello Ave neighborhood in Chicago are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 54.3% of the neighborhoods in America. With 25.6% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.3% 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 Monticello Ave neighborhood, 49.9% 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 23.7% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (13.5%), and 12.2% 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 Monticello Ave neighborhood is Spanish, spoken by 51.3% of households. Other important languages spoken here include English and Italian.

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 Monticello Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (34.2%). There are also a number of people of German ancestry (16.5%), and residents who report Puerto Rican roots (10.5%), and some of the residents are also of Irish ancestry (7.5%), along with some Italian ancestry residents (4.8%), among others. In addition, 18.7% of the residents of this neighborhood were born in another country.

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 W Altgeld St / N Monticello Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (30.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (38.8%) 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 (14.9%) and 12.5% of residents also take the train 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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