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Near North Side

The Near North Side is one of 77 defined community areas of Chicago, Illinois, United States. It is the northernmost of the three areas that constitute central Chicago, the others being the Loop and the Near South Side. The community area is located north and east of the Chicago River. To its east is Lake Michigan, and its northern boundary is the early 19th-century city limit of Chicago, North Avenue. Of the downtown community areas, the Near North Side has the second largest total area after the Near West Side, the highest number of skyscrapers, and the largest population. The Near North Side is known for its extreme affluence, typified by the Magnificent Mile, Gold Coast, Navy Pier, and its world-famous skyscrapers. The Near North Side is the oldest part of Chicago. In the 1780s, in what is now the Near North Side, on the northern banks of the Chicago River near today's Michigan Avenue Bridge, Jean Baptiste Point du Sable built the first known permanent settlement in "Eschecagou." Today this is marked by Pioneer Court. (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 1.7%
Condominium 66.5%
Building with 2-4 Units 1.4%
Building with 5+ Units 30.4%


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 5,764 5,070 4,312 3,278 2,257 2,202 2,124 2,659 3,028 2,817 2,889 2,981 3,014 3,068
Single Family 81 73 100 68 40 43 58 56 77 84 75 91 68 80
Condominium 5,661 4,969 4,189 3,189 2,208 2,149 2,051 2,577 2,923 2,711 2,771 2,867 2,920 2,970
Building with 2-4 Units 15 14 16 11 6 9 10 19 21 15 24 14 19 13
Building with 5+ Units 7 14 7 10 3 1 5 7 7 7 19 9 7 5


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 9.1 8.0 6.8 5.1 3.5 3.5 3.3 4.2 6.3 6.1 6.5 6.7 6.8 6.9


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 8.4% 8.7% 10.9% 13.1% 13.3% 15.1% 15.0% 10.3% 10.2% 10.1% 10.2% 10.2% 10.7% 18.6%
Single Family 12.3% 17.8% 18.0% 20.6% 20.0% 16.3% 12.1% 7.1% 22.1% 19.0% 16.0% 22.0% 16.2% 10.0%
Condominium 8.2% 8.3% 10.4% 12.6% 13.0% 15.0% 14.7% 9.9% 9.3% 9.4% 9.1% 9.3% 10.0% 18.5%
Building with 2-4 Units 40.0% 35.7% 62.5% 45.5% 33.3% 33.3% 50.0% 57.9% 61.9% 53.3% 70.8% 50.0% 63.2% 69.2%
Building with 5+ Units 85.7% 85.7% 100.0% 90.0% 100.0% -- 100.0% 71.4% 100.0% 100.0% 73.7% 88.9% 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% 0.4% 0.5% 0.4% 0.8% 1.1% 1.2% 0.6% -- 0.3% 0.1% 0.1% 0.3% 0.2%
Single Family 1.2% -- -- 1.5% -- -- 1.7% -- -- -- -- -- -- --
Condominium 1.1% 0.4% 0.5% 0.4% 0.8% 1.1% 1.2% 0.6% -- 0.3% 0.1% 0.1% 0.3% 0.2%


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 10,565 9,815 8,707 6,692 6,422 5,344 4,655 6,077 5,566 3,588 4,123 4,362 3,552 2,827
Single Family 294 267 291 254 273 229 242 261 238 142 185 222 159 134
Condominium 10,187 9,458 8,316 6,358 6,100 5,068 4,350 5,741 5,246 3,370 3,857 4,063 3,314 2,637
Building with 2-4 Units 63 56 71 50 36 35 36 55 51 48 46 36 52 31
Building with 5+ Units 21 34 29 30 13 12 27 20 31 28 35 41 27 25


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 16.6 15.4 13.7 10.5 10.1 8.4 7.3 9.5 11.6 7.7 9.3 9.9 8.0 6.3


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 181 218 312 486 622 633 461 348 172 118 99 97 95 108
Single Family 6 10 13 9 16 22 19 7 3 6 1 5 3 4
Condominium 175 202 292 467 600 606 434 335 164 111 91 89 87 104
Building with 2-4 Units -- 3 4 8 5 3 4 2 3 1 4 1 4 --
Building with 5+ Units -- 3 3 2 1 2 4 4 2 -- 3 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 0.3 0.3 0.5 0.8 1.0 1.0 0.7 0.5 0.4 0.3 0.2 0.2 0.2 0.2


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 28 79 103 116 170 235 174 201 158 95 84 62 46 36
Single Family 3 -- -- 4 2 3 2 1 5 3 4 6 2 --
Condominium 25 79 102 110 167 231 168 198 153 91 76 54 44 35
Building with 2-4 Units -- -- 1 -- 1 1 3 2 -- 1 4 2 -- 1
Building with 5+ Units -- -- -- 2 -- -- 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 75.0% 93.7% 93.2% 94.8% 89.4% 90.2% 85.6% 76.6% 73.4% 73.7% 78.6% 69.4% 56.5% 72.2%
Single Family 100.0% -- -- 100.0% 100.0% 100.0% 50.0% 100.0% 80.0% 100.0% 50.0% 83.3% 100.0% --
Condominium 72.0% 93.7% 93.1% 94.5% 89.8% 90.0% 85.7% 76.8% 73.2% 72.5% 80.3% 66.7% 54.5% 71.4%
Building with 2-4 Units -- -- 100.0% -- -- 100.0% 100.0% 50.0% -- 100.0% 75.0% 100.0% -- 100.0%
Building with 5+ Units -- -- -- 100.0% -- -- 100.0% -- -- -- -- -- -- --