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Albany Park

Albany Park is one of 77 well-defined community areas of Chicago. Located on the Northwest Side of the City of Chicago with the North Branch of the Chicago River forming its east and north boundaries, it includes the Albany Park neighborhood, one of the most ethnically diverse in the United States. It has one of the highest percentages of foreign-born residents of any Chicago neighborhood. Although the majority of those foreign-born residents are from Latin America, mostly from Mexico (especially from the state of Michoacán), Guatemala, and Ecuador, substantial numbers are from the Philippines, India, Korea, Cambodia, Somalia, the former Yugoslavia (Serbia, Croatia, Bosnia), Romania, Pakistan and the Middle East (especially Iraq, Iran, and Lebanon). Over 40 different languages are spoken in its public schools. (Source: Wikipedia)

Housing stock map

See the share of the area's total housing units that are in single family homes, condominiums, two-to-four unit buildings, buildings with five to 49 units, and buildings with 50 units or more.


The Composition of Cook County’s Housing Market >

Housing market indicators

All of these property level data sets are connected to parcel-level data files from the county Assessors offices that include data on every parcel in the Chicago metropolitan area. All of these parcel-level data sets include historical data and are updated on a regular basis ranging from every week to every year depending on the data set.

Housing Stock Composition

Data on the housing stock provides context about the underlying characteristics of a neighborhood’s housing market and helps in the interpretation of patterns and trends in property sales, mortgage lending activity, foreclosure filings, and completed auctions activity. Understanding an area's housing stock can help determine the appropriate targeted strategies for stabilizing local housing markets, preserving and creating affordable rental housing, and promoting neighborhood investment.

Housing Units by Property Type

The share of total housing units in single family homes, condominium units, two-to-four unit buildings, and in rental buildings with five or more units.


Property Type 2018
Single Family 19.2%
Condominium 13.9%
Building with 2-4 Units 33.2%
Building with 5+ Units 33.8%


Property Sales Activity

Property sales data provide valuable information on the characteristics of neighborhood real estate markets, such as how active local residential property markets are, what types of properties are being purchased, how they are being acquired, who is buying them, and how much buyers are paying for properties.

Total Sales Activity

Total property sales activity in a given year are available for all residential properties. In Cook County, activity is broken out separately for total sales activity in single family homes, condominium units, two-to-four unit buildings, and rental buildings with five or more units. When interpreting neighborhood-level housing market activity by property type, it is also important to consider the characteristics of the neighborhood's housing stock composition.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 833 730 516 375 295 328 309 381 437 413 446 517 478 450
Single Family 209 156 113 106 102 97 90 118 144 146 163 183 171 142
Condominium 465 448 316 217 116 147 134 167 167 152 176 210 195 212
Building with 2-4 Units 147 109 76 44 72 79 77 82 112 94 88 104 101 87
Building with 5+ Units 12 17 11 8 5 5 8 14 14 21 19 20 11 9


Sales per 100 Residential Parcels

Per parcel sales activity allows for comparison of yearly sales activity across geographies.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 9.6 8.4 6.0 4.3 3.4 3.8 3.6 4.4 5.2 4.9 5.3 6.2 5.7 5.4


Share of Sales, Business Buyers

The share of residential property sales that were purchased by self-identified businesses in a given year are available for all residential properties. In Cook County, transactions are broken out separately for total sales activity in single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 7.2% 6.0% 5.2% 6.4% 11.5% 14.9% 17.2% 21.3% 24.7% 19.1% 19.1% 16.2% 11.1% 15.3%
Single Family 7.7% 5.8% 5.3% 4.7% 5.9% 8.2% 17.8% 16.9% 22.9% 16.4% 19.0% 10.9% 9.9% 14.8%
Condominium 4.9% 4.0% 2.2% 3.2% 7.8% 19.0% 12.7% 18.0% 22.2% 12.5% 9.7% 7.6% 6.2% 10.8%
Building with 2-4 Units 8.2% 4.6% 6.6% 15.9% 22.2% 11.4% 15.6% 22.0% 24.1% 17.0% 26.1% 27.9% 14.9% 18.4%
Building with 5+ Units 75.0% 70.6% 81.8% 62.5% 60.0% 80.0% 100.0% 92.9% 78.6% 95.2% 73.7% 95.0% 81.8% 100.0%


Share of Sales, Extremely Low Value

The share of residential property sales that were purchased for less than $20,000 in a given year are available for all residential properties. In Cook County, transactions are broken out separately for total sales activity in single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 0.2% -- -- -- 0.3% 1.8% 1.6% 0.8% -- 0.2% 0.2% -- -- --
Condominium 0.4% -- -- -- 0.9% 4.1% 3.7% 1.8% -- 0.7% 0.6% -- -- --


Mortgage Activity

Mortgage activity data measures the flow of mortgage credit into an area and is indicative of the level of lender investment. The level of mortgage activity in a neighborhood relative to other areas can be used to assess how access to credit has changed over time in a community and how the flow of credit differs across geographies and for different property types within a geography.

Total Mortgage Activity

Total mortgage recordings in a given year are available for all residential properties. In Cook County, data are broken out separately for total mortgage activity on single family homes, condominium units, two-to-four unit buildings, and rental buildings with five or more units. When interpreting neighborhood-level housing market activity by property type, it is also important to consider the characteristics of the neighborhood's housing stock composition.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 2,782 2,618 1,983 1,205 985 903 769 1,025 936 716 834 1,023 827 697
Single Family 1,026 881 752 503 538 453 357 487 394 306 391 470 345 254
Condominium 870 1,010 728 420 267 236 186 280 265 196 218 278 244 224
Building with 2-4 Units 831 680 459 231 155 182 184 217 222 162 197 223 198 182
Building with 5+ Units 55 47 44 51 25 32 42 41 55 52 28 52 40 37


Mortgages per 100 Residential Parcels

Per parcel mortgage activity allows for comparison of yearly mortgage activity across geographies.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 32.2 30.3 22.9 13.9 11.4 10.4 8.9 11.9 11.1 8.5 9.9 12.2 9.9 8.3


Foreclosure Filing Activity

Foreclosure filings data can be used to understand the number and density of foreclosure filings activity in different communities and to assess the cumulative impact of the foreclosure crisis on properties and housing units. The level of foreclosure filing activity in a neighborhood relative to other areas is an indicator of distress in a local housing market.

Total Foreclosure Filings Activity

Total foreclosure filings in a given year are available for all residential properties. In Cook County, data are broken out separately for total foreclosure filing activity in single family homes, condominium units, two-to-four unit buildings, and rental buildings with five or more units. When interpreting neighborhood-level housing market activity by property type, it is also important to consider the characteristics of the neighborhood's housing stock composition.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 32 57 149 252 342 375 257 222 123 61 61 44 47 31
Single Family 9 20 52 64 85 101 69 64 37 24 30 21 19 18
Condominium 9 15 45 78 132 144 96 84 51 25 14 12 11 7
Building with 2-4 Units 14 21 50 106 117 125 83 71 35 12 17 11 17 4
Building with 5+ Units -- 1 2 4 8 5 9 3 -- -- -- -- -- 2


Foreclosure Filings per 100 Residential Parcels

Per parcel filings activity allows for comparison of yearly filings activity across geographies.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 0.4 0.7 1.7 2.9 4.0 4.3 3.0 2.6 1.5 0.7 0.7 0.5 0.6 0.4


Foreclosure Auctions

Completed foreclosure auctions data can be used to understand the flow year-over-year of REO properties into a market, how third-party demand at auction is different for different property types, and to understand the density of REO activity in a given year across geographies. The level of completed foreclosure auctions activity in a neighborhood relative to other areas is an indicator of distress in a local housing market and is related to high levels of foreclosure-related distressed property sales.

Total Auction Activity

Total foreclosure auction activity in a given year is available for all residential properties. In Cook County, this indicator is broken out separately for total foreclosure auction activity on single family homes, condominium units, two-to-four unit buildings, and rental buildings with five or more units. When interpreting neighborhood-level housing market activity by property type, it is also important to consider the characteristics of the neighborhood's housing stock composition.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 4 6 31 101 117 147 115 108 109 89 54 37 19 18
Single Family 2 -- 4 31 29 25 24 21 26 25 19 16 6 9
Condominium 1 4 15 29 51 81 62 53 52 35 19 9 6 5
Building with 2-4 Units 1 2 12 40 36 38 26 34 31 28 15 12 7 4
Building with 5+ Units -- -- -- 1 1 3 3 -- -- 1 1 -- -- --


Share of Auctions Resulting in REO

The share of foreclosure auctions resulting in REO in a given year is available for all residential properties. In Cook County, this indicator is broken out separately for REO activity in single family homes, condominium units, two-to-four unit buildings, and in buildings with five or more units.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties 25.0% 83.3% 93.5% 97.0% 98.3% 95.9% 95.7% 91.7% 84.4% 91.0% 70.4% 81.1% 52.6% 66.7%
Single Family 50.0% -- 75.0% 96.8% 96.6% 100.0% 87.5% 81.0% 76.9% 84.0% 68.4% 87.5% 83.3% 66.7%
Condominium -- 100.0% 100.0% 100.0% 100.0% 96.3% 98.4% 98.1% 86.5% 88.6% 84.2% 88.9% 33.3% 40.0%
Building with 2-4 Units -- 50.0% 91.7% 95.0% 97.2% 92.1% 96.2% 88.2% 87.1% 100.0% 60.0% 66.7% 42.9% 100.0%
Building with 5+ Units -- -- -- 100.0% 100.0% 100.0% 100.0% -- -- 100.0% -- -- -- --


REO per 100 Residential Parcels

Per-parcel REO allows for comparison of properties entering REO status across geographies.


Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
All Residential Properties -- 0.1 0.3 1.1 1.3 1.6 1.3 1.1 1.1 1.0 0.5 0.4 0.1 0.1