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Real Estate Prices & Overview

S Karlov Ave / W Wilcox St median real estate price is $338,873, which is more expensive than 57.7% of the neighborhoods in Illinois and 44.4% of the neighborhoods in the U.S.

The average rental price in S Karlov Ave / W Wilcox St is currently $2,237, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.6% of Illinois neighborhoods.

S Karlov Ave / W Wilcox St is a densely urban neighborhood (based on population density) located in Chicago, Illinois.

S Karlov Ave / W Wilcox St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) small apartment buildings and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the S Karlov Ave / W Wilcox St 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.

Vacant apartments or homes are a major fact of life in S Karlov Ave / W Wilcox St. The current real estate vacancy rate here is 25.0%. This is higher than the rate of vacancies in 92.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Chicago, the S Karlov Ave / W Wilcox St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

Three-deckers, duplexes, old Victorian homes cut up into apartments. Independent stores on the corner selling pizza. These are some of the hallmarks of neighborhoods with lots of small 2, 3, and 4 unit apartment buildings. The S Karlov Ave / W Wilcox St neighborhood really stands out in this regard, however, as it is dominated by such small apartment buildings more than nearly any other neighborhood in America. This is a stunning visual and lifestyle example of this type of neighborhood. In fact, 84.0% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 100.0% of America's neighborhoods.

In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The S Karlov Ave / W Wilcox St neighborhood is among the top 5% of American neighborhoods in terms of walkability.

Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 68.2% of the residential real estate in the S Karlov Ave / W Wilcox St neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.3% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

People

The S Karlov Ave / W Wilcox St neighborhood has a greater percentage of children living in poverty (84.1%) than found in 99.6% of all U.S. neighborhoods. Children living in poverty is one of the challenges facing America, and the world, and in this neighborhood in particular, the problem can be considered acute.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 96.8% of U.S. neighborhoods.

Diversity

Did you know that the S Karlov Ave / W Wilcox St neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.7% of this neighborhood's residents have African ancestry and 17.7% have Sub-Saharan African ancestry.

The Neighbors

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 S Karlov Ave / W Wilcox St neighborhood in Chicago are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 86.9% of U.S. neighborhoods. With 84.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 99.6% 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 S Karlov Ave / W Wilcox St neighborhood, 37.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 33.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.3%), and 11.8% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

The most common language spoken in the S Karlov Ave / W Wilcox St neighborhood is English, spoken by 87.3% of households. Some people also speak Spanish (12.7%).

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 S Karlov Ave / W Wilcox St neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (17.7%). There are also a number of people of African ancestry (17.7%), and residents who report Puerto Rican roots (8.4%), and some of the residents are also of Mexican ancestry (8.0%).

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 S Karlov Ave / W Wilcox St neighborhood spend between 30 and 45 minutes commuting one-way to work (45.8% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (72.7%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.1%) and 7.9% of residents also carpool with coworkers, friends, or neighbors 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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