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Hermosa

Hermosa is one of 77 designated Chicago community areas and is located on the northwest side of Chicago, Illinois. The Hermosa community area contains the Kelvyn Park and Hermosa neighborhoods. While being one of the smaller community areas Hermosa is one of the city’s most densely populated neighborhoods. Today, Hermosa is a predominantly Hispanic blue collar community, with a sizable manufacturing base. Many of the people who reside in Hermosa have done so because of its convenient location to work, its relative proximity to downtown, and because of its healthy public transportation options. (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 27.2%
Condominium 2.4%
Building with 2-4 Units 49.5%
Building with 5+ Units 20.9%


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 315 255 133 90 163 184 162 147 193 159 166 163 159 164
Single Family 151 117 47 42 84 88 80 67 90 78 83 86 88 88
Condominium 33 36 40 16 16 21 17 19 22 10 15 4 9 11
Building with 2-4 Units 124 100 43 29 62 71 63 54 73 62 59 68 56 56
Building with 5+ Units 7 2 3 3 1 4 2 7 8 9 9 5 6 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 8.3 6.8 3.5 2.4 4.3 4.9 4.3 3.9 5.1 4.2 4.4 4.4 4.3 4.4


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 4.8% 4.3% 4.5% 5.6% 12.3% 22.8% 17.9% 20.4% 23.8% 22.6% 21.7% 22.1% 18.2% 17.1%
Single Family 4.6% 3.4% 2.1% 4.8% 9.5% 15.9% 18.8% 10.4% 22.2% 21.8% 13.3% 23.3% 12.5% 13.6%
Condominium -- 8.3% 7.5% -- 25.0% 42.9% 5.9% 26.3% 45.5% 30.0% 46.7% -- 33.3% 9.1%
Building with 2-4 Units 4.8% 4.0% -- 6.9% 11.3% 22.5% 17.5% 22.2% 15.1% 14.5% 18.6% 17.6% 17.9% 14.3%
Building with 5+ Units 28.6% -- 66.7% 33.3% 100.0% 75.0% 100.0% 85.7% 62.5% 77.8% 77.8% 80.0% 83.3% 77.8%


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 1.0% -- -- 1.1% 0.6% 3.3% 3.7% 1.4% 1.6% 1.3% -- -- 0.6% --
Single Family 1.3% -- -- -- 1.2% 1.1% 1.3% -- 1.1% 2.6% -- -- 1.1% --
Condominium -- -- -- -- -- 19.0% 29.4% 10.5% 9.1% -- -- -- -- --
Building with 2-4 Units 0.8% -- -- 3.4% -- 1.4% -- -- -- -- -- -- -- --


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 1,462 1,350 923 407 284 218 201 242 281 228 258 304 282 280
Single Family 762 736 506 220 168 127 116 150 153 131 132 169 155 153
Condominium 61 64 60 35 28 20 8 5 13 7 6 6 7 8
Building with 2-4 Units 610 530 341 138 87 67 74 81 105 68 105 117 104 100
Building with 5+ Units 29 20 16 14 1 4 3 6 10 22 15 12 16 19


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 38.7 35.8 24.4 10.8 7.5 5.8 5.3 6.4 7.5 6.1 6.9 8.1 7.5 7.5


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 42 64 130 232 245 215 181 152 85 53 44 32 44 29
Single Family 23 32 72 103 110 98 90 73 43 29 26 19 29 14
Condominium -- 3 8 25 19 14 24 22 9 3 2 2 1 --
Building with 2-4 Units 19 29 50 101 110 99 62 52 33 19 16 9 13 15
Building with 5+ Units -- -- -- 3 6 4 5 5 -- 2 -- 2 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 1.1 1.7 3.4 6.1 6.5 5.7 4.8 4.0 2.3 1.4 1.2 0.9 1.2 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 4 13 28 79 95 106 53 75 73 62 37 31 15 19
Single Family 1 6 10 45 33 39 17 39 33 27 21 20 8 9
Condominium -- 1 -- 6 15 13 11 8 15 10 -- -- 1 2
Building with 2-4 Units 3 6 18 28 45 52 24 25 23 22 16 11 6 8
Building with 5+ Units -- -- -- -- 2 2 1 3 2 3 -- -- -- --


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 50.0% 69.2% 100.0% 98.7% 96.8% 89.6% 94.3% 93.3% 80.8% 83.9% 86.5% 80.6% 66.7% 63.2%
Single Family 100.0% 50.0% 100.0% 97.8% 97.0% 92.3% 88.2% 94.9% 69.7% 81.5% 90.5% 75.0% 62.5% 66.7%
Condominium -- 100.0% -- 100.0% 100.0% 100.0% 100.0% 87.5% 100.0% 100.0% -- -- -- 50.0%
Building with 2-4 Units 33.3% 83.3% 100.0% 100.0% 95.6% 84.6% 95.8% 92.0% 82.6% 77.3% 81.3% 90.9% 83.3% 62.5%
Building with 5+ Units -- -- -- -- 100.0% 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 0.2 0.7 2.1 2.4 2.5 1.3 1.9 1.6 1.4 0.9 0.7 0.3 0.3