Albany Park neighborhood

Albany Park news

The Albany Park neighborhood is Community Area 14 on the city's official list.

Its general boundaries are Montrose Ave (4400 N), Elston Ave and Lawrence Ave (4800 N) west of Pulaski Rd north to the Chicago River and Foster Ave (5200 N), and the Chicago River west to Elston Ave and the Edens Expy.

Albany Park includes the Mayfair, North Mayfair and Ravenswood Manor neighborhoods.ZIP codes: 60625, 60630.

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ChicagoNorthwest Side

Heading upriver to Chicago’s Northwest side

Chicago river home

We folded our New Homes Magazine several years ago, but still enjoy looking back on some of the lengthier stories we published about Chicago neighborhoods during its tenure. Five years ago we went upriver for a glimpse of Avondale, Irving Park, Albany Park, North Park and Sauganash. Development was booming in that stretch of Chicago’s ...

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Posted by Joe Zekas on July 27, 2012
News & trendsMarket conditions

Home inventory drops sharply in some Chicago neighborhoods

Market conditions by neighborhood

It could be just a case of a spring market up-tick, but a number of neighborhoods have seen the inventory of available homes drop sharply last month. In mid-March there were six neighborhoods with 4-6 months inventory (the accepted definition of a balanced market). Today, 17 neighborhoods are in that balanced category and two neighborhoods ...

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Posted by Jody Wise on June 2, 2012
ChicagoNorthwest Side

Kimball Station sold to Inland affiliate

Kimball Station Chicago

It’s been almost exactly three years since we received word that Kimball Station, a 59-unit condo development in Albany Park, had converted to rentals. Although we’d been told at one point that 15 of the units were under contract, none ever closed. Crain’s has just reported that the project, which includes a mix of 1-, ...

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Posted by Joe Zekas on May 11, 2012
DealsChicagoNorthwest Side

New luxury apartments on the Albany Park / Irving Park border

Albany Park apartments

Noah Properties is best known for its rapidly-selling stylish new homes and condos, but the company has begun building new rental properties with condo-quality finishes and amenities. Noah is nearing completion of four 6-unit buildings spanning nearly an entire block on the Albany Park / Irving Park border. One of the buildings is already occupied, ...

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Posted by sponsored post on February 29, 2012
ChicagoNorthwest Side

Median selling prices take a hit on northwest side

Albany Park single-family sales

The last time I wrote for YoChicago, I highlighted several neighborhoods whose sellers were holding out for a higher price — in other words, neighborhoods where sales volume has fallen, but prices have remained fairly steady. The story has been the opposite for several Northwest side neighborhoods I track. In Albany Park, irving Park, and ...

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Posted by Jeff Baird on November 22, 2011
ChicagoNorthwest Side

Rental spotlight – 3/3 at Confetti Place in Albany Park

3653 W Leland Chicago

Prudential Rubloff’s Eric Rojas called our attention to a spacious duplex down at the Confetti Place condo that’s not yet in the MLS. The 3-bedroom, 3-bath condo has a den / office, family room, in-unit washer / dryer and an outdoor deck. Parking is included in the $1,600 rent, and the Kimball stop on the ...

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Posted by Joe Zekas on July 20, 2011
DealsChicagoNorthwest Side

Rental deal of the day: An updated Albany Park 2BR for $1,025 a month

Today’s deal from Chicago Rentals Direct is an updated two-bedroom / one-bath apartment in Albany Park, priced at $1,025 a month. The apartment, located at 3813 W Ainslie St, has 925 square feet, central heat and air, white appliances (including a dishwasher), in-unit laundry, ceiling fans, and hardwood floors. Its building features secured entry. Cats ...

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Posted by Joseph Askins on April 19, 2011
ChicagoNorthwest Side

Development deadpool – and a healthy real estate segment

3300 W Lawrence Chicago IL

There’s one part of the real estate business that’s experiencing boom times: renting construction fencing. It’s a business that may have become wildly profitable, since the fences are likely to remain in place for extended periods on many sites throughout the city. Credit risk is low, since the rental companies have lien rights if their ...

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Posted by Joe Zekas on March 4, 2011
ChicagoNorthwest Side

An unusual plunge for Albany Park’s condo market

Albany Park condo market

The Albany Park condominium market has heretofore been fairly stable compared to its peers, but suffered a steep drop in sales velocity and median selling price in 4Q 2010. While late 2008 and early 2009 saw sales drop off, the sales volume appeared to be stabilizing around 70 units per quarter for the last four ...

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Posted by Jeff Baird on March 2, 2011
News & trendsMarket conditions

A transit-oriented development roundup from LISC/Chicago’s New Communities Program

Map of LISC/Chicago transit-oriented development projects

A new Mayoral Candidates Brief (PDF) issued by LISC/Chicago‘s New Communities Program identifies 34 projects and programs throughout the city “that can provide the new mayor with real solutions to the tough issues that will greet him or her on day one.” One of those programs focuses on transit-oriented development — both the construction of ...

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Posted by Joseph Askins on February 11, 2011
ChicagoNorthwest Side

Two histories of Albany Park

Video: Old School Albany Park, Chicago Latin Kings

By sheer coincidence I’ve received links to two wildly different depictions of old-school Albany Park in less than 12 hours. Between them, you can get a good sense of the changes that the neighborhood underwent over a 40-year period. Last night, Joe Zekas reminded me of above clip on Albany Park’s Latin Kings, taken from ...

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Posted by Joseph Askins on February 4, 2011
ChicagoNorthwest Side

Ravenswood Manor: What’s selling, what’s for sale

The Northwest Side neighborhood of Ravenswood Manor was the site of at least 14 single-family home sales in 2010, but right now has very little to offer buyers: just three homes are listed for sale in the corner of Albany Park bounded by Montrose, Sacramento and Lawrence Avenues, and the Chicago River. The listings represent ...

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Posted by Joseph Askins on January 31, 2011
ChicagoNorthwest Side

Who’s leaving Albany Park?

Korean Restaurant, Albany Park

Over the past decade, Albany Park’s white, black, and Hispanic populations all grew by modest amounts, yet the community area’s total population dropped by almost 9%, according to the Chicago News Cooperative‘s collection of community area-specific Census data. This got us wondering — is Albany Park’s Asian population on its way out? It seems so. ...

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Posted by Joseph Askins on January 5, 2011
ChicagoNorthwest Side

New condos still arriving in Albany Park

Residential construction hasn’t hit a stand-still just yet, not even in a neighborhood like Albany Park. All six condos at 3300 W Lawrence Ave finally reached the MLS last week, at prices in the $290s to $300s for three-bedroom / two-baths and the $300s for two-bedroom / two-bath top-floor units. (One three-bedroom was listed all ...

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Posted by Joseph Askins on August 11, 2010
ChicagoNorthwest Side

Little distress, lots of life on Drake Avenue

The way Alderman Mell’s been talking, you’d be forgiven for thinking Albany Park was a wasteland of board-ups and junkies these days. Using this foreclosure map as our guide, Joe and I took a trip northwest yesterday to check things out. The largest concentration of distressed properties seemed to be in the rectangle formed by ...

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Posted by Joseph Askins on June 2, 2010
ChicagoNorthwest Side

Shark bites: Four-bedroom duplexes available for under $300K in Irving Park

Buyers are coming around on a new-construction six-flat at 3500 W Irving Park Rd on the Irving Park / Albany Park border, where the Matt Garrison Group has listed two-bedroom / two-bath condos in the $210s and four-bedroom / three-bath duplexes in the $290s. The building saw only one sale before it “got caught in ...

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Posted by sponsored post on May 28, 2010
ChicagoNorthwest Side

BlockWalks: the 4400 block of North Albany Street in Albany Park

Loran McDonald was the first New Trier kid I met upon arriving at the University of Missouri more than a decade ago. During our four years at Mizzou, Lo and I worked together as DJs at the college radio station KCOU; we shared an apartment near campus for two of those years. Lo grew up ...

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Posted by Joseph Askins on April 19, 2010
ChicagoNorthwest Side

Conlon opens sales at new Albany Park condos

Here’s a project that’s flown under our radar until now: a new five-story, 45-unit building at the corner of Leland and Kedzie avenues in Albany Park, right next to the Kedzie Brown Line station. Yesterday I stumbled across a banner ad promoting Conlon Real Estate‘s grand opening event at Leland Crossing, 3201 W Leland Ave. ...

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Posted by Joseph Askins on January 20, 2010