The visual transition from the City of Chicago to north-suburban Lincolnwood is so subtle that city dwellers often mistake the village for a Chicago neighborhood.
Lincolnwood’s attractions include its close-in location, its relative affluence, and a strong elementary school district. Drawbacks include high property taxes, which may rise even higher if a TIF (tax increment financing) district is approved for the site of the fabled Purple Hotel.
We recently reported on apparent Asian out-migration from Albany Park. Where did they go?
Chicago’s near north suburbs, including Lincolnwood, have all seen a growth in their Asian population in recent years.
According to the Census Bureau, Lincolnwood’s Asian population is nearing the 25% mark. Asian students make up 36% of the student body at Lincolnwood School District 74.
Lincolnwood’s large elderly population – nearly 1 in 4 residents is over 65 – is an indicator that the community is poised for further change.
Nice houses in good physical condition “large enough” for a family of 4 plus are still a little tough to come by under $400K in Lincolnwood… that may be changing too as the realities of the market will put pressure on the retired and their extended families that need to finally sell their homes.
I think people may be surprised by the level of home prices there in the more desirable residential areas off the busy main roads that criss cross the village.