Despite seeing thousands of white and African-American residents leave, the Southwest Side neighborhood of Garfield Ridge actually grew in size by a modest 1.5% over the last decade, due to a doubling of its Hispanic population, according to the Census Bureau’s 2009 American Community Survey.
The neighborhood is currently home to 20,323 white residents (55.5% of the total population), 12,261 Hispanics (33.5%), and 3,007 African-Americans (8.2%). Twenty years ago, Garfield Park was home to 28,308 whites (83.4%), 4,302 African-American (12.7%), and 2,509 Hispanics (7.4%).
Redfin‘s records show 280 home sales in Garfield Ridge over the past 12 months, at prices anywhere from $20,000 to $490,000, and a median sale price of $175,000. Almost all the homes were single-families, although there were a handful of condos that sold as well. (All the condos sold for $95,000 or less.). Twenty multi-unit buildings also sold, one for as much as $792,500, with a median price around $185,000.
Blockshopper recorded 70 foreclosures in Garfield Ridge in 2010, down just slightly from the 76 recorded in ’09 and the 73 in ’08.
The median price for a single-family currently on the market is $199,900, which is the price of the 1,600 square-foot, three-bedroom / three-bath at 5310 W 54th St, just one block north of Midway Airport. According to the listing from Prudential Rubloff‘s Michael Giliano, the home features an updated kitchen and bath on the first floor, and a second level that features a full kitchen and bath, and that currently serves as an apartment for a relative of the seller. The home also featuers an enclosed back porch and a full basement with laundry.
Property taxes for 2009 were $2,125.99 with a homeowner exemption.