Market Research Assignment

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Housing_Profile_studentcenter..pdf

Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 5 minute radius Latitude: 41.92324

Longitude: -87.65359

Population Households 2010 Total Population 5,650 2018 Median Household Income $81,212 2018 Total Population 5,651 2023 Median Household Income $94,449 2023 Total Population 5,647 2018-2023 Annual Rate 3.07% 2018-2023 Annual Rate -0.01%

Census 2010 2018 2023 Housing Units by Occupancy Status and Tenure Number Percent Number Percent Number Percent

Total Housing Units 1,703 100.0% 1,708 100.0% 1,728 100.0% Occupied 1,592 93.5% 1,575 92.2% 1,571 90.9%

Owner 618 36.3% 563 33.0% 561 32.5% Renter 974 57.2% 1,012 59.3% 1,010 58.4%

Vacant 111 6.5% 134 7.8% 156 9.0%

2018 2023 Owner Occupied Housing Units by Value Number Percent Number Percent

Total 563 100.0% 561 100.0% <$50,000 1 0.2% 0 0.0% $50,000-$99,999 9 1.6% 3 0.5% $100,000-$149,999 1 0.2% 0 0.0% $150,000-$199,999 10 1.8% 4 0.7% $200,000-$249,999 9 1.6% 5 0.9% $250,000-$299,999 20 3.6% 13 2.3% $300,000-$399,999 18 3.2% 15 2.7% $400,000-$499,999 47 8.3% 45 8.0% $500,000-$749,999 129 22.9% 137 24.4% $750,000-$999,999 81 14.4% 95 16.9% $1,000,000-$1,499,999 168 29.8% 173 30.8% $1,500,000-$1,999,999 23 4.1% 23 4.1% $2,000,000+ 47 8.3% 48 8.6%

Median Value $865,741 $903,947 Average Value $968,117 $1,006,016

Census 2010 Housing Units Number Percent Total 1,703 100.0%

In Urbanized Areas 1,703 100.0% In Urban Clusters 0 0.0% Rural Housing Units 0 0.0%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 5 minute radius Latitude: 41.92324

Longitude: -87.65359

Census 2010 Owner Occupied Housing Units by Mortgage Status Number Percent Total 618 100.0%

Owned with a Mortgage/Loan 479 77.5% Owned Free and Clear 139 22.5%

Census 2010 Vacant Housing Units by Status Number Percent

Total 121 100.0% For Rent 70 57.9% Rented- Not Occupied 3 2.5% For Sale Only 12 9.9% Sold - Not Occupied 2 1.7% Seasonal/Recreational/Occasional Use 14 11.6% For Migrant Workers 0 0.0% Other Vacant 20 16.5%

Census 2010 Occupied Housing Units by Age of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 1,594 619 38.8%

15-24 501 20 4.0% 25-34 511 143 28.0% 35-44 212 149 70.3% 45-54 132 107 81.1% 55-64 125 102 81.6% 65-74 83 72 86.7% 75-84 22 19 86.4% 85+ 8 7 87.5%

Census 2010 Occupied Housing Units by Race/Ethnicity of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 1,592 619 38.9%

White Alone 1,444 583 40.4% Black/African American Alone

25 4 16.0% American Indian/Alaska Native Alone

2 0 0.0% Asian Alone 73 25 34.2% Pacific Islander Alone 0 0 0.0% Other Race Alone 25 3 12.0% Two or More Races 23 4 17.4%

Hispanic Origin 68 14 20.6%

Census 2010 Occupied Housing Units by Size and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 1,591 617 38.8%

1-Person 521 199 38.2% 2-Person 584 224 38.4% 3-Person 283 89 31.4% 4-Person 159 78 49.1% 5-Person 30 19 63.3% 6-Person 10 7 70.0% 7+ Person 4 1 25.0%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 10 minute radius Latitude: 41.92324

Longitude: -87.65359

Population Households 2010 Total Population 16,177 2018 Median Household Income $105,184 2018 Total Population 16,275 2023 Median Household Income $113,353 2023 Total Population 17,007 2018-2023 Annual Rate 1.51% 2018-2023 Annual Rate 0.88%

Census 2010 2018 2023 Housing Units by Occupancy Status and Tenure Number Percent Number Percent Number Percent

Total Housing Units 7,131 100.0% 7,149 100.0% 7,596 100.0% Occupied 6,595 92.5% 6,553 91.7% 6,903 90.9%

Owner 2,949 41.4% 2,731 38.2% 2,759 36.3% Renter 3,646 51.1% 3,822 53.5% 4,144 54.6%

Vacant 536 7.5% 596 8.3% 692 9.1%

2018 2023 Owner Occupied Housing Units by Value Number Percent Number Percent

Total 2,729 100.0% 2,758 100.0% <$50,000 6 0.2% 1 0.0% $50,000-$99,999 13 0.5% 5 0.2% $100,000-$149,999 12 0.4% 4 0.1% $150,000-$199,999 33 1.2% 15 0.5% $200,000-$249,999 50 1.8% 31 1.1% $250,000-$299,999 109 4.0% 76 2.8% $300,000-$399,999 214 7.8% 177 6.4% $400,000-$499,999 277 10.2% 264 9.6% $500,000-$749,999 679 24.9% 728 26.4% $750,000-$999,999 583 21.4% 680 24.7% $1,000,000-$1,499,999 422 15.5% 438 15.9% $1,500,000-$1,999,999 104 3.8% 105 3.8% $2,000,000+ 227 8.3% 234 8.5%

Median Value $739,507 $778,676 Average Value $880,881 $913,669

Census 2010 Housing Units Number Percent Total 7,131 100.0%

In Urbanized Areas 7,131 100.0% In Urban Clusters 0 0.0% Rural Housing Units 0 0.0%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 10 minute radius Latitude: 41.92324

Longitude: -87.65359

Census 2010 Owner Occupied Housing Units by Mortgage Status Number Percent Total 2,949 100.0%

Owned with a Mortgage/Loan 2,379 80.7% Owned Free and Clear 570 19.3%

Census 2010 Vacant Housing Units by Status Number Percent

Total 521 100.0% For Rent 311 59.7% Rented- Not Occupied 9 1.7% For Sale Only 59 11.3% Sold - Not Occupied 12 2.3% Seasonal/Recreational/Occasional Use 63 12.1% For Migrant Workers 0 0.0% Other Vacant 67 12.9%

Census 2010 Occupied Housing Units by Age of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 6,594 2,948 44.7%

15-24 1,322 71 5.4% 25-34 2,189 731 33.4% 35-44 1,042 770 73.9% 45-54 694 550 79.3% 55-64 588 448 76.2% 65-74 456 266 58.3% 75-84 221 81 36.7% 85+ 82 31 37.8%

Census 2010 Occupied Housing Units by Race/Ethnicity of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 6,596 2,949 44.7%

White Alone 5,976 2,778 46.5% Black/African American Alone

174 23 13.2% American Indian/Alaska Native Alone

7 2 28.6% Asian Alone 271 111 41.0% Pacific Islander Alone 1 1 100.0% Other Race Alone 77 15 19.5% Two or More Races 90 19 21.1%

Hispanic Origin 317 73 23.0%

Census 2010 Occupied Housing Units by Size and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 6,594 2,949 44.7%

1-Person 2,474 965 39.0% 2-Person 2,377 1,054 44.3% 3-Person 990 439 44.3% 4-Person 553 342 61.8% 5-Person 154 118 76.6% 6-Person 35 25 71.4% 7+ Person 11 6 54.5%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 15 minute radius Latitude: 41.92324

Longitude: -87.65359

Population Households 2010 Total Population 32,614 2018 Median Household Income $101,550 2018 Total Population 32,898 2023 Median Household Income $110,667 2023 Total Population 34,127 2018-2023 Annual Rate 1.73% 2018-2023 Annual Rate 0.74%

Census 2010 2018 2023 Housing Units by Occupancy Status and Tenure Number Percent Number Percent Number Percent

Total Housing Units 16,561 100.0% 16,678 100.0% 17,416 100.0% Occupied 15,332 92.6% 15,293 91.7% 15,832 90.9%

Owner 6,446 38.9% 6,046 36.3% 6,136 35.2% Renter 8,886 53.7% 9,247 55.4% 9,696 55.7%

Vacant 1,229 7.4% 1,385 8.3% 1,583 9.1%

2018 2023 Owner Occupied Housing Units by Value Number Percent Number Percent

Total 6,046 100.0% 6,136 100.0% <$50,000 18 0.3% 5 0.1% $50,000-$99,999 25 0.4% 11 0.2% $100,000-$149,999 62 1.0% 28 0.5% $150,000-$199,999 103 1.7% 60 1.0% $200,000-$249,999 183 3.0% 121 2.0% $250,000-$299,999 250 4.1% 188 3.1% $300,000-$399,999 577 9.5% 501 8.2% $400,000-$499,999 647 10.7% 624 10.2% $500,000-$749,999 1,430 23.7% 1,549 25.2% $750,000-$999,999 1,273 21.1% 1,500 24.4% $1,000,000-$1,499,999 684 11.3% 720 11.7% $1,500,000-$1,999,999 240 4.0% 250 4.1% $2,000,000+ 554 9.2% 579 9.4%

Median Value $702,448 $746,934 Average Value $853,498 $891,607

Census 2010 Housing Units Number Percent Total 16,561 100.0%

In Urbanized Areas 16,561 100.0% In Urban Clusters 0 0.0% Rural Housing Units 0 0.0%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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Housing Profile 2250 N Sheffield Ave, Chicago, Illinois, 60614 Prepared by Esri Walk Time: 15 minute radius Latitude: 41.92324

Longitude: -87.65359

Census 2010 Owner Occupied Housing Units by Mortgage Status Number Percent Total 6,445 100.0%

Owned with a Mortgage/Loan 5,298 82.2% Owned Free and Clear 1,147 17.8%

Census 2010 Vacant Housing Units by Status Number Percent

Total 1,244 100.0% For Rent 719 57.8% Rented- Not Occupied 30 2.4% For Sale Only 147 11.8% Sold - Not Occupied 28 2.3% Seasonal/Recreational/Occasional Use 165 13.3% For Migrant Workers 0 0.0% Other Vacant 155 12.5%

Census 2010 Occupied Housing Units by Age of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 15,333 6,446 42.0%

15-24 2,713 137 5.0% 25-34 5,788 1,768 30.5% 35-44 2,449 1,691 69.0% 45-54 1,582 1,177 74.4% 55-64 1,283 926 72.2% 65-74 901 517 57.4% 75-84 433 160 37.0% 85+ 184 70 38.0%

Census 2010 Occupied Housing Units by Race/Ethnicity of Householder and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 15,331 6,445 42.0%

White Alone 13,667 6,028 44.1% Black/African American Alone

475 52 10.9% American Indian/Alaska Native Alone

24 5 20.8% Asian Alone 723 273 37.8% Pacific Islander Alone 2 2 100.0% Other Race Alone 186 34 18.3% Two or More Races 254 51 20.1%

Hispanic Origin 748 169 22.6%

Census 2010 Occupied Housing Units by Size and Home Ownership Owner Occupied Units

Occupied Units Number % of Occupied Total 15,332 6,445 42.0%

1-Person 6,709 2,251 33.6% 2-Person 5,194 2,285 44.0% 3-Person 1,937 896 46.3% 4-Person 1,066 693 65.0% 5-Person 326 252 77.3% 6-Person 78 56 71.8% 7+ Person 22 12 54.5%

Data Note: Persons of Hispanic Origin may be of any race. Source: U.S. Census Bureau, Census 2010 Summary File 1.

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