W Lexington St / S Springfield Ave median real estate price is $403,892, which is more expensive than 72.9% of the neighborhoods in Illinois and 56.8% of the neighborhoods in the U.S.
The average rental price in W Lexington St / S Springfield Ave is currently $1,533, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 64.7% of Illinois neighborhoods.
W Lexington St / S Springfield Ave is a densely urban neighborhood (based on population density) located in Chicago, Illinois.
W Lexington St / S Springfield 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 Lexington St / S Springfield 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 1970 and 1999.
Vacant apartments or homes are a major fact of life in W Lexington St / S Springfield Ave. The current real estate vacancy rate here is 27.8%. This is higher than the rate of vacancies in 93.6% 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.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
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 Lexington St / S Springfield 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 83.4% of the real estate here is made up of such dwellings, which is higher than 100.0% of all U.S. neighborhoods.
In addition, 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 Lexington St / S Springfield 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 Lexington St / S Springfield Ave neighborhood stands out on a national scale for the sheer concentration of historic residences it contains: 56.1% of the residential real estate here was built from 1939 or earlier, some much earlier. This is a greater concentration of historic homes than 95.5% of the neighborhoods in the United States.
People
The W Lexington St / S Springfield Ave neighborhood stands out for having an average per capita income lower than 99.4% of the neighborhoods in the United States.
In addition, of particular note, 14.5% of the people in the W Lexington St / S Springfield Ave neighborhood currently reside in a correction facility, held due to punishment for a crime.
Also, the W Lexington St / S Springfield Ave neighborhood is unique for having just 7.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.2% of America's neighborhoods.
Occupations
With 9.6% of employed workers living in the W Lexington St / S Springfield Ave neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.4% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.
Furthermore, each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the W Lexington St / S Springfield Ave neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 98.6% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Modes of Transportation
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 10.1% of the W Lexington St / S Springfield Ave neighborhood's commuters ride the train to and from work each day, which is more than we found in 95.1% of America's neighborhoods.
Diversity
Did you know that the W Lexington St / S Springfield Ave neighborhood has more African and Sub-Saharan African ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 17.4% of this neighborhood's residents have African ancestry and 17.4% have Sub-Saharan African ancestry.
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 Lexington St / S Springfield Ave 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 99.4% of U.S. neighborhoods. With 43.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 90.9% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the W Lexington St / S Springfield Ave neighborhood, 39.0% of the working population is employed in clerical, assistant, and tech support occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 28.7% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.3%), and 9.6% in the military.
Languages
The most common language spoken in the W Lexington St / S Springfield Ave neighborhood is English, spoken by 96.2% of households. Some people also speak Spanish (3.8%).
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 W Lexington St / S Springfield Ave neighborhood in Chicago, IL, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African (17.4%). There are also a number of people of African ancestry (17.4%), and residents who report Dutch roots (2.2%), and some of the residents are also of Puerto Rican ancestry (1.9%), along with some Mexican ancestry residents (1.8%), among others.
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 Lexington St / S Springfield Ave neighborhood spend between 30 and 45 minutes commuting one-way to work (37.5% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.
Here most residents (49.9%) 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 (16.2%) and 10.1% 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.
