source: chicago magazine based on midwest real estate data ... · source: american community...

3
JEFFERSON PARK STATION AREA MASTER PLAN COMMUNITY MEETING #1 | JUNE 19, 2017 | r www.accessjeffpark.org HOUSING MARKET ç ç ç ç ç ç ç ç BUNGALOWS SENIOR LIVING FACILITIES MULTI-FAMILY TOWNHOUSES Single Family Detached :: Median Home Price :: Change, 2015-2016 Townhome, Condo :: Median Home Price :: Change, 2015-2016 $297,000 8% $150,000 9% JEFFERSON PARK PORTAGE PARK EDISON PARK FOREST GLEN Source: Chicago Magazine based on Midwest Real Estate Data; American Community Survey 2010-2014; data represents Community Areas as defined by Midwest Real Estate $280,000 10% $140,000 6% $360,400 3% $145,000 7% $445,000 11% $255,000 42% 59% OWNER-OCCUPIED 41% RENTER-OCCUPIED JEFFERSON PARK 52% OWNER-OCCUPIED 48% RENTER-OCCUPIED 80% OWNER-OCCUPIED 20% RENTER 40% OWNER-OCCUPIED 60% RENTER-OCCUPIED $879 MEDIAN RENT $834 MEDIAN RENT $982 MEDIAN RENT $962 MEDIAN RENT 11 YEARS MEDIAN TIME HOUSEHOLDER HAS LIVED IN UNIT SIX CORNERS EDISON PARK LINCOLN SQUARE Source: American Community Survey, 2010-2014, per Esri; data represents Market Area for each community SAMPLE HOUSING TYPES IN JEFFERSON PARK 10 YEARS MEDIAN TIME HOUSEHOLDER HAS LIVED IN UNIT 14 YEARS MEDIAN TIME HOUSEHOLDER HAS LIVED IN UNIT 7 YEARS MEDIAN TIME HOUSEHOLDER HAS LIVED IN UNIT 20.7 POP DENSITY (PEOPLE/ACRE) 24.8 POP DENSITY (PEOPLE/ACRE) 12.6 POP DENSITY (PEOPLE/ACRE) 31.0 POP DENSITY (PEOPLE/ACRE)

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Page 1: Source: Chicago Magazine based on Midwest Real Estate Data ... · Source: American Community Survey, 2010-2014, per Esri; data represents Market Area for each community SAMPLE HOUSING

JEFFERSON PARK STATION AREA MASTER PLANCOMMUNITY MEETING #1 | JUNE 19, 2017 | r www.accessjeffpark.org

HOUSING MARKET

ç ç

ç ç

ç ç

ç ç

BUNGALOWS SENIOR LIVING FACILITIESMULTI-FAMILY TOWNHOUSES

Single Family Detached :: Median Home Price :: Change, 2015-2016

Townhome, Condo :: Median Home Price :: Change, 2015-2016

$297,0008%

$150,0009%

JEFFERSON PARK PORTAGE PARK EDISON PARK FOREST GLEN

Source: Chicago Magazine based on Midwest Real Estate Data; American Community Survey 2010-2014; data represents Community Areas as defined by Midwest Real Estate

$280,00010%

$140,0006%

$360,4003%

$145,0007%

$445,00011%

$255,00042%

59%OWNER-OCCUPIED

41%RENTER-OCCUPIEDJEFFERSON

PARK52%

OWNER-OCCUPIED48%RENTER-OCCUPIED

80%OWNER-OCCUPIED

20%RENTER

40%OWNER-OCCUPIED

60%RENTER-OCCUPIED

$879MEDIAN RENT

$834MEDIAN RENT

$982MEDIAN RENT

$962MEDIAN RENT

11 YEARSMEDIAN TIME HOUSEHOLDERHAS LIVED IN UNIT

SIXCORNERS

EDISONPARK

LINCOLNSQUARESource: American Community Survey, 2010-2014, per Esri; data represents Market Area for each community

SAMPLE HOUSING TYPES IN JEFFERSON PARK

10 YEARSMEDIAN TIME HOUSEHOLDERHAS LIVED IN UNIT

14 YEARSMEDIAN TIME HOUSEHOLDERHAS LIVED IN UNIT

7 YEARSMEDIAN TIME HOUSEHOLDERHAS LIVED IN UNIT

20.7POP DENSITY(PEOPLE/ACRE)

24.8POP DENSITY(PEOPLE/ACRE)

12.6POP DENSITY(PEOPLE/ACRE)

31.0POP DENSITY(PEOPLE/ACRE)

Page 2: Source: Chicago Magazine based on Midwest Real Estate Data ... · Source: American Community Survey, 2010-2014, per Esri; data represents Market Area for each community SAMPLE HOUSING

JEFFERSON PARK STATION AREA MASTER PLANCOMMUNITY MEETING #1 | JUNE 19, 2017 | r www.accessjeffpark.org

BUSINESS DISTRICTS

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NORTH

ADDISON

BELMONT

ELSTON

DIVERSEY

IRVING PARK

MILWAUKEEC

ICER

O

MONTROSE

LAWRENCE

FULLERTON

DAM

EN

AUSTIN

PULA

SKI

FOSTER

ARMITAGE

IB KENNEDY

WES

TER

N

PETERSON

OB KENNEDY

DEVON

LAR

AMIE

HAR

LEM

GRAND

PRATT

NORTHWEST

OAK

PAR

KBRYN MAWR

CAL

IFO

RN

IA

LINCOLN

KENNEDY EXPRESS

NAG

LE

CALDWELL

CEN

TRAL

IB ED

ENS

HOWARD

NAR

RAG

ANS

ETT

KED

ZIE

OB

EDEN

S

CEN

TRAL

PAR

K

OR

IOLE

CLAR

KTOUHY

CLYBOURN

ROGERS

PACIFIC

HIGGINS

KEELER AV JFK

KOST

NER

KIMBALL AV

DAM

ENHOWARD

PRATT

TOUHY

OB KENNEDY

BRYN MAWR

AUST

IN

PULA

SKI

ARMITAGE

KED

ZIE

KOST

NER

DAM

EN

KED

ZIE

LINCOLN

TOUHY

NAG

LE

PETERSONPETERSON

GRAND

CEN

TRAL

OR

IOLE

OAK

PAR

K

IB KENNEDY

NAG

LEN

AGLE

PACIFIC

LAR

AMIE

LAR

AMIE

FOSTERFOSTER

TOUHY

HAR

LEM

GRAND

CAL

IFO

RN

IA

OR

IOLE

KOST

NER

JEFFERSON PARK STATION AREA MASTER PLAN JUNE 1, 2017°0 2,000 4,0001,000Feet| COMPARISON BUSINESS DISTRICTS & MARKET AREAS - EDISON PARK, SIX CORNERS & LINCOLN SQUARE

LEGEND

Lincoln Square Business DistrictLincoln Square Market Area

JEFFERSON PARK

GLADSTONE PARK

EDISON PARK

NORWOOD PARK

MAYFAIR

GRAYLANDIRVING PARK

IRVING PARK

ADDISON

MONTROSE

JEFFERSON PARK

KEDZIE

FRANCISCO

KIMBALL RAVENSWOOD

ROCKW

ELL

WESTERN

DAMEN

FOREST GLEN

EDGEBROOK

ROGERS PARK

JEFFERSON PARK SIX CORNERS EDISON PARK LINCOLN SQUARE

Total Establishments :: Retail :: Food & Drink

Businesses per 1,000 people

2016 Population2016 Median Household Disposable Income

Total Retail Trade DemandTotal Retail Trade SupplyTotal Retail Trade Gap 1

Supply as % of Demand

Total Food & Drink Gap 1

724725

2.32

30,983$49,155

$439M$175M$264M

40%

$10M

523517

1.43

36,272$44,087

$466M$569M

($103M)122%

$12M

249

15

1.26

19,099$57,546

$378M$104M$274M

28%

($4M)

1517972

3.39

44,503$50,648

$893M$259M$633M

29%

$27M

A gap is shown as a positive number. A negative number (denoted by parentheses) indicates that the area is attracting sales from outside of the area and has a surplus.

1

TRANSIT LINESMetra: 1 station (UP-NW)

CTA (El): 1 station (Blue)CTA (Bus): 9 bus lines

Pace: 3 bus lines

ANCHORSTransit Center

Copernicus CenterJefferson Memorial Park

Northwestern College

JEFF

ERSO

N PA

RK

TRANSIT LINESMetra: None

CTA (El): NoneCTA (Bus): 4 bus lines

Pace: None

ANCHORSSearsJewel

SIX C

ORN

ERS

TRANSIT LINESMetra: 1 station (UP-N)

CTA (El): 2 stations (Brown)CTA (Bus): 4 bus lines

Pace: None

ANCHORSCommercial District

Old Town School of Folk MusicSulzer Regional Library

LINCO

LN S

QUA

RE

TRANSIT LINESMetra: 1 station (UP-NW)CTA (El): NoneCTA (Bus): 1 bus linePace: 1 bus line

ANCHORSRestaurant District

EDISO

N PA

RK

Source: Esri; data represents Business District area for each community

NOTE: The dark shaded areas represent business districts, while the light shaded areas represent the larger market area associated with each business district. The data in the table below reflects information for the four business districts.

Page 3: Source: Chicago Magazine based on Midwest Real Estate Data ... · Source: American Community Survey, 2010-2014, per Esri; data represents Market Area for each community SAMPLE HOUSING

JEFFERSON PARK STATION AREA MASTER PLANCOMMUNITY MEETING #1 | JUNE 19, 2017 | r www.accessjeffpark.org

RETAIL MARKET

LEGEND

Jefferson Park Study AreaSchoolsParks

AutoEating & DrinkingMerchandiseService

RETAIL BUSINESS LICENCES

LAWRENCE

MILWAUKEE

FOSTER

CENT

RAL

ELSTON

LARA

MIE

AUST

INNORTHWEST

LARA

MIE

FOSTER

LARA

MIE

KENNEDY

SUNNYSIDE

FOSTER

MILWAUKEE

HIGGINS

AGATITE

CARMEN

WINDSOR

LAWRENCE

ARGYLE

LIEB

MONTROSE

MAS

ON

LIND

ER

ELSTON

LELAND

AINSLIE

LARAMIE

WINONA

MAJ

OR

AUST

IN

STRONG

GIDDINGSLONG

GUNNISON

EASTWOOD

WINNEMAC

CENT

RAL

MAR

MOR

A

WILSON

MEN

ARDM

ONIT

OR

LUDLAM

LAVE

RGNE

MAN

GO

LARNEDLYNCH

LIPPS

LIND

LUNA

LAPO

RTE

GROVER

BERWYN

GOODMAN

LIANO

GALE

MAGNET

BALMORAL

GETTYSBURG

ROGERS

LOVEJOY

LECL

AIRE

EDMUNDS

LOTUS

MANILA

LATR

OBE

LORINGFARRAGUT

KENNEDY LAWRENCE AV

LESTER

NORTHWEST

AVONDALE

LEAM

INGT

ON

LAW

LER

PARK

SIDE

LOCKWOOD

KENNEDY CENTRAL AV

KENNEDY FOSTER AV

VETERANSLOCKW

OOD

WINNEMAC

AVONDALE

LIND

ER

FOSTER

BERWYN

CENT

RAL

LOVEJOY

LELAND

MEN

ARD

GALE

LELAND

BERWYN

LAPORTE

LATR

OBE

KENNEDY

BERWYN

LEAM

INGT

ON

NORTHWEST

LUNA

LOCK

WOO

D

AINSLIE

LOTU

S

AVONDALE

PARKSIDE

WINDSOR

MON

ITOR

LAWLER

MAJ

OR

MAR

MOR

A

MAJ

OR

LAW

LER

PARK

SIDE

MEN

ARD

MAS

ON

LOTU

S

CARMEN

LONG

LAVE

RGNE

MANGO

LELAND

AVONDALEWINONA

GUNNISON

WILSON

LIND

LAVE

RGNE

KENNEDY LAWRENCE AV

STRONG

GIDDINGS

WILSON

LECL

AIRE

LELAND

JEFFERSON PARK STATION AREA MASTER PLAN JUNE 16, 2017°0 500 1,000250Feet| STUDY AREA & MARKET AREA

Jefferson Park Study Area Business Mix

Auto

Merchandise

Service

Eating & Drinking

Grocery

LEGEND

Jefferson Park Study AreaSchoolsParks

AutoEating & DrinkingMerchandiseService

RETAIL BUSINESS LICENCES

LAWRENCEMILWAUKEE

FOSTERCE

NTRA

L

ELSTON

LARA

MIE

AUST

IN

NORTHWEST

LARA

MIE

FOSTER

LARA

MIE

KENNEDY

SUNNYSIDE

FOSTER

MILWAUKEE

HIGGINS

AGATITE

CARMEN

WINDSOR

LAWRENCE

ARGYLE

LIEB

MONTROSE

MAS

ON

LIND

ER

ELSTON

LELAND

AINSLIE

LARAMIE

WINONA

MAJ

OR

AUST

IN

STRONG

GIDDINGS

LONG

GUNNISON

EASTWOOD

WINNEMAC

CENT

RAL

MAR

MOR

A

WILSON

MEN

ARDM

ONIT

OR

LUDLAM

LAVE

RGNE

MAN

GO

LARNEDLYNCH

LIPPS

LIND

LUNA

LAPO

RTE

GROVER

BERWYN

GOODMAN

LIANO

GALE

MAGNET

BALMORAL

GETTYSBURG

ROGERS

LOVEJOY

LECL

AIRE

EDMUNDS

LOTUS

MANILA

LATR

OBE

LORINGFARRAGUT

KENNEDY LAWRENCE AV

LESTER

NORTHWEST

AVONDALE

LEAM

INGT

ON

LAW

LER

PARK

SIDE

LOCKWOOD

KENNEDY CENTRAL AV

KENNEDY FOSTER AV

VETERANS

LOCKWOOD

WINNEMAC

AVONDALE

LIND

ER

FOSTER

BERWYN

CENT

RAL

LOVEJOY

LELAND

MEN

ARD

GALE

LELAND

BERWYN

LAPORTE

LATR

OBE

KENNEDY

BERWYN

LEAM

INGT

ON

NORTHWEST

LUNA

LOCK

WOO

D

AINSLIE

LOTU

S

AVONDALE

PARKSIDE

WINDSOR

MON

ITOR

LAWLER

MAJ

OR

MAR

MOR

A

MAJ

OR

LAW

LER

PARK

SIDE

MEN

ARD

MAS

ON

LOTU

S

CARMEN

LONG

LAVE

RGNE

MANGO

LELAND

AVONDALEWINONA

GUNNISON

WILSON

LIND

LAVE

RGNE

KENNEDY LAWRENCE AV

STRONG

GIDDINGS

WILSON

LECL

AIRE

LELAND

JEFFERSON PARK STATION AREA MASTER PLAN JUNE 16, 2017°0 500 1,000250Feet| STUDY AREA & MARKET AREA

LEGEND

Jefferson Park Study AreaSchoolsParks

AutoEating & DrinkingMerchandiseService

RETAIL BUSINESS LICENCES

LAWRENCE

MILWAUKEE

FOSTER

CENT

RAL

ELSTON

LARA

MIE

AUST

IN

NORTHWEST

LARA

MIE

FOSTER

LARA

MIE

KENNEDY

SUNNYSIDE

FOSTER

MILWAUKEE

HIGGINS

AGATITE

CARMEN

WINDSOR

LAWRENCE

ARGYLE

LIEB

MONTROSE

MAS

ON

LIND

ER

ELSTON

LELAND

AINSLIE

LARAMIE

WINONA

MAJ

OR

AUST

IN

STRONG

GIDDINGS

LONG

GUNNISON

EASTWOOD

WINNEMAC

CENT

RAL

MAR

MOR

A

WILSON

MEN

ARDM

ONIT

OR

LUDLAM

LAVE

RGNE

MAN

GO

LARNEDLYNCH

LIPPSLIND

LUNA

LAPO

RTE

GROVER

BERWYN

GOODMAN

LIANO

GALE

MAGNET

BALMORAL

GETTYSBURG

ROGERS

LOVEJOY

LECL

AIRE

EDMUNDS

LOTUS

MANILA

LATR

OBE

LORINGFARRAGUT

KENNEDY LAWRENCE AV

LESTER

NORTHWEST

AVONDALE

LEAM

INGT

ON

LAW

LER

PARK

SIDE

LOCKWOOD

KENNEDY CENTRAL AV

KENNEDY FOSTER AV

VETERANS

LOCKWOOD

WINNEMAC

AVONDALE

LIND

ER

FOSTER

BERWYN

CENT

RAL

LOVEJOY

LELANDM

ENAR

D

GALE

LELAND

BERWYN

LAPORTE

LATR

OBE

KENNEDY

BERWYN

LEAM

INGT

ON

NORTHWEST

LUNA

LOCK

WOO

D

AINSLIE

LOTU

S

AVONDALE

PARKSIDE

WINDSOR

MON

ITOR

LAWLER

MAJ

OR

MAR

MOR

A

MAJ

OR

LAW

LER

PARK

SIDE

MEN

ARD

MAS

ON

LOTU

S

CARMEN

LONG

LAVE

RGNE

MANGO

LELAND

AVONDALEWINONA

GUNNISON

WILSON

LIND

LAVE

RGNE

KENNEDY LAWRENCE AV

STRONG

GIDDINGS

WILSON

LECL

AIRE

LELAND

JEFFERSON PARK STATION AREA MASTER PLAN JUNE 16, 2017°0 500 1,000250Feet| STUDY AREA & MARKET AREA MERCHANDISE

Clothing & Accessories (1)Electronics & Appliance Stores (3)Furniture & Home Furnishings (2)

General Merchandise (3)Home Improvement Stores (3)

Misc. Retail Stores (2)Sports, Hobby, Books, Music, Florist (7)

AUTOAuto Sales, Services & Filling Stations (4)

GROCERYFood & Beverage Stores (11)

EATING & DRINKINGEating, Drinking, Entertainment (29)

4%11%

30%

21%

34%

SERVICEDry Cleaners, Laundry, Tailors (4)

Financial Services (4)Fitness (2)

Health, Personal Care, Pharmacies (6)Household Services (3)

Personal & Other Services (12)Pet Services (2)

RETAIL CATEGORYMotor Vehicle and Parts DealersGeneral MerchandiseRestaurantsFood and BeverageClothing and AccessoriesGasoline StationsElectronics and AppliancesMiscellaneous Store RetailersBuilding Materials, Garden & SupplySporting Goods, Hobby, Books & MusicFurniture and Furnishings

GAP$85.9M$79.2M$20.4M$18.5M$17.0M$14.3M$14.0M$12.7M$11.3M$6.6M$5.7M

JEFFERSON PARK MARKET AREARETAIL GAP BY CATEGORY

Sources: Valerie S. Kretchmer Associates, Inc. based on City of Chicago business license data for the Jefferson Park Study Area

Source: Esri