If you start tracking which community areas Chicago’s white, black, and Hispanic populations migrated in and out of between 2000 and 2009, you’ll notice one neighborhood where there was a whole lot of moving going on for all three groups.
Belmont Cragin, the fourth most populous community area in Chicago, saw a bigger net loss of white residents over the decade than any community area except Portage Park, according to Census data published by the Chicago News Cooperative. Conversely, it saw a bigger influx of black residents than any area except Ashburn, and of Hispanic residents than any area except West Lawn.
The changes in total number and percentage were:
- White: -6,758 (-30.9%)
- Black: +2,871 (+143.6%)
- Hispanic: +8,126 (+16.0%)
The current makeup of the neighborhood is 72.4% Hispanic, 18.6% white, and 6.0% black, compared to 65.1%, 28.0%, and 2.6%, respectively, in 2000.
The average sale price of a single-family home in Belmont Cragin in 2010 was $142,926, 24.4% higher than in 1994 but 13.3% lower than in 2009, according to Chicago Magazine. There are 219 single-families listed in the community today, priced from $1,350 to $450,000.
The current median list price is $169,900, which happens to be the price of the 1,800 square-foot, four-bedroom / 2.5-bath bungalow pictured above.
“There are 219 single-families listed in the community today, priced from $1,350 to $450,000.”
The $1,350 is for a rental, not sale price.
Good catch, Jared — I’m not used to seeing rentals on Redfin, but in this case it’s a FSBO listed at its rental price through Oodle. The for-sale price is $239,900. $1,350 would be awfully low for even the worst foreclosure, I suppose.
The actual low end is $48,000 for homes at 2220 N Mango Ave and 3049 N Linder Ave.