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Real Estate Prices & Overview

W Potomac Ave / N Kostner Ave median real estate price is $314,658, which is more expensive than 54.1% of the neighborhoods in Illinois and 40.9% of the neighborhoods in the U.S.

The average rental price in W Potomac Ave / N Kostner Ave is currently $2,009, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 48.4% of Illinois neighborhoods.

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

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

Real estate vacancies in W Potomac Ave / N Kostner Ave are 4.1%, which is lower than one will find in 73.1% of American neighborhoods. Demand for real estate in W Potomac Ave / N Kostner Ave is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

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 W Potomac Ave / N Kostner Ave 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 W Potomac Ave / N Kostner Ave 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, 70.8% of the real estate here are small 2, 3, or 4 unit apartment buildings, which is a higher proportion than found in 99.8% 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 W Potomac Ave / N Kostner Ave neighborhood is among the top 5% of American neighborhoods in terms of walkability.

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 Potomac Ave / N Kostner Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 66.4% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 97.9% of the neighborhoods in the United States.

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 W Potomac Ave / N Kostner Ave neighborhood has more Slovak and Puerto Rican ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.4% of this neighborhood's residents have Slovak ancestry and 8.2% have Puerto Rican ancestry.

W Potomac Ave / N Kostner Ave is also pretty special linguistically. Significantly, 58.4% of its residents five years old and above primarily speak Spanish at home. This is a higher percentage than 95.4% of all U.S. neighborhoods.

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 W Potomac Ave / N Kostner Ave neighborhood in Chicago are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 72.9% of U.S. neighborhoods. With 15.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 60.4% of U.S. neighborhoods.

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 W Potomac Ave / N Kostner Ave neighborhood, 31.6% of the working population is employed in manufacturing and laborer 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 27.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (24.2%), and 16.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the W Potomac Ave / N Kostner Ave neighborhood is Spanish, spoken by 58.4% of households. Some people also speak English (40.4%).

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 Potomac Ave / N Kostner Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Mexican (43.9%). There are also a number of people of Puerto Rican ancestry (8.2%), and residents who report Sub-Saharan African roots (4.5%), and some of the residents are also of Slovak ancestry (4.4%), along with some English ancestry residents (4.1%), among others. In addition, 25.4% of the residents of this neighborhood were born in another country.

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 W Potomac Ave / N Kostner Ave neighborhood spend between 45 minutes and one hour commuting one-way to work (34.9% of working residents), longer and tougher than most commutes in America.

Here most residents (61.4%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (13.7%) and 9.2% 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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