Chicago Neighborhoods - Albany Park Market Statistics


Source:  MLSNI Area Market Survey Data
This Market Information is Updated Monthly!


PROPERTY TYPE

NUMBER AVAILABLE

AVERAGE PRICE

NUMBER SOLD*

AVERAGE SALE PRICE

AVG MARKET TIME

Condos

65

$186,178

174

$164,377

93 Days

Single Family Homes

46

$397,846

142

$384,203

102 Days

2-4 Unit Buildings 36

$349,792

71

$356,619

70 Days

*Average for the 12-month period ending 11/1/2015


Chicago Neighborhoods - Albany Park


Albany Park Overview

Albany Park real estate is found in a bustling and diverse neighborhood environment that is located about 12 miles from Downtown Chicago.  Albany Park offers the opportunity to invest in many of its renovated condominiums and homes built in the classic Chicago style.

The ambiance of the area is enhanced by the diversity of cultures present. Since the Ravenswood El began bringing commerce into the neighborhood around Lawrence and Kimball more than 100 years ago, immigrants from many different cultures have made this dynamic area their new home.  This diversity is rarely matched by other Chicago communities. 

The community of Albany Park offers a vibrant strip of ethnic shopping along Lawrence Avenue which has been dubbed Seoul Drive due to the collection of Korean-owned shops and businesses in the area.  Approximately 40% of the businesses in this neighborhood are Korean-owned, but one can also find Italian, Japanese, Jewish, Palestinian and many other culturally-oriented shops and businesses in Albany Park. You can eat at Gigio's and Thai Valley Restaurant and then shop at Khyam Meat and Grocery without leaving the neighborhood!

Albany Park Homes for Sale

Albany Park, located on the North Branch of the Chicago River, provides some very scenic spots and parks for living and recreation.  The Ravenswood Manor and Ravenswood Gardens communities also border the area and feature many historic Chicago brick and frame homes.  Many have been renovated by their owners into their original vintage splendor.  Rod Blagojevich, the current governor of Illinois, calls the Ravenswood Manor community his home!

Many commuters take advantage of the CTA Brown Line L to travel downtown, about a 35 minute commute, even during busy rush hour periods.  Four L stations serve the Albany Park area - the Kimball, Kedzie, Francisco, and Rockwell stops.  The neighborhood is located roughly halfway between O’Hare International Airport and The Loop.

With its diversity, classic Chicago homes, and so much to do right in the neighborhood, Albany Park homes for sale might be just what you’re looking for.

Locate this neighborhood on our Chicago Neighborhood Map!


 


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Albany Park Homes for Sale


KELLER WILLIAMS REALTY PARTNERS • CHICAGO, IL  60646

CALL TOLL FREE - 888-770-8326

IN CHICAGO - 773-290-8393

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