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Burnside

Burnside is one of the 77 official community areas of Chicago, Illinois, and is located on the city's south side. This area is also called by locals, "The Triangle", as it is bordered by railroad tracks on every side; the Illinois Central on the west, the Rock Island on the south and the Nickel Plate Railroad (now Norfolk-Southern) on the east. Originally considered part of Roseland and the Chatham communities, it was distinguished as one of the 77 Chicago communities when the University of Chicago established its official map of Chicago communities. The area was mostly undeveloped swamp land north of Lake Calumet until after the American Civil War. The area was settled by predominantly Hungarian, Polish, Italian and Ukrainian immigrants. Factory jobs were plentiful at the nearby Burnside Shops as well as Pullman Company, Burnside Steel Mill and other nearby factories. Following World War II, the area's population makeup included a growing number of African-Americans. This was one of several transformations that this working-class neighborhood would undergo. Burnside's fortunes began to change in the 1960s when industry patterns lead to economic decline and nearby steel mills were shuttered. The Pullman Company scaled back production and eventually closed for good in 1981. (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 69.7%
Building with 2-4 Units 27.4%
Building with 5+ Units 2.9%


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 95 92 50 37 48 41 24 24 35 40 39 45 40 51
Single Family 76 74 41 33 38 34 18 18 31 32 32 41 35 45
Building with 2-4 Units 19 18 9 3 10 7 6 6 4 8 7 4 4 5
Building with 5+ Units -- -- -- 1 -- -- -- -- -- -- -- -- 1 1


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 11.2 10.8 5.9 4.3 5.6 4.8 2.8 2.8 4.1 4.8 4.6 5.4 4.8 6.1


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 25.3% 19.6% 12.0% 21.6% 29.2% 31.7% 50.0% 37.5% 57.1% 52.5% 41.0% 40.0% 47.5% 41.2%
Single Family 22.4% 21.6% 12.2% 21.2% 34.2% 29.4% 55.6% 33.3% 61.3% 46.9% 43.8% 36.6% 48.6% 42.2%
Building with 2-4 Units 36.8% 11.1% 11.1% 33.3% 10.0% 42.9% 33.3% 50.0% 25.0% 75.0% 28.6% 75.0% 25.0% 20.0%
Building with 5+ Units -- -- -- -- -- -- -- -- -- -- -- -- 100.0% 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 1.1% -- -- 21.6% 39.6% 31.7% 45.8% 29.2% 42.9% 37.5% 30.8% 33.3% 12.5% 9.8%
Single Family 1.3% -- -- 12.1% 36.8% 26.5% 38.9% 27.8% 38.7% 31.3% 25.0% 29.3% 11.4% 8.9%
Building with 2-4 Units -- -- -- 100.0% 50.0% 57.1% 66.7% 33.3% 75.0% 62.5% 57.1% 75.0% 25.0% 20.0%
Building with 5+ Units -- -- -- 100.0% -- -- -- -- -- -- -- -- -- --


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 253 275 207 65 49 36 26 24 29 34 29 52 36 56
Single Family 206 228 179 63 42 33 26 20 29 32 27 44 33 49
Building with 2-4 Units 46 46 27 2 7 3 -- 4 -- 2 2 8 3 6
Building with 5+ Units 1 1 1 -- -- -- -- -- -- -- -- -- -- 1


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 29.7 32.3 24.3 7.6 5.8 4.2 3.1 2.8 3.4 4.0 3.5 6.2 4.3 6.7


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 38 33 57 65 45 41 30 46 27 19 14 19 19 7
Single Family 34 27 43 48 36 34 28 38 27 16 13 17 16 5
Building with 2-4 Units 4 6 13 17 9 7 2 8 -- 3 1 2 3 2
Building with 5+ Units -- -- 1 -- -- -- -- -- -- -- -- -- -- --


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 4.5 3.9 6.7 7.6 5.3 4.8 3.5 5.4 3.2 2.3 1.7 2.3 2.3 0.8


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 9 16 17 32 28 14 12 19 23 18 21 10 17 12
Single Family 7 15 12 25 19 9 12 16 19 16 19 10 16 8
Building with 2-4 Units 2 1 5 6 9 5 -- 3 4 2 2 -- 1 4
Building with 5+ Units -- -- -- 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 77.8% 62.5% 100.0% 100.0% 100.0% 85.7% 91.7% 100.0% 95.7% 94.4% 95.2% 90.0% 94.1% 83.3%
Single Family 85.7% 60.0% 100.0% 100.0% 100.0% 88.9% 91.7% 100.0% 94.7% 100.0% 94.7% 90.0% 93.8% 75.0%
Building with 2-4 Units 50.0% 100.0% 100.0% 100.0% 100.0% 80.0% -- 100.0% 100.0% 50.0% 100.0% -- 100.0% 100.0%
Building with 5+ Units -- -- -- 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 0.8 1.2 2.0 3.8 3.3 1.4 1.3 2.2 2.6 2.0 2.4 1.1 1.9 1.2