Market watch: Low, median, and high prices near Oriole Park Elementary School

Few elementary schools in Chicago perform better on an annual basis than Oriole Park Elementary in Norwood Park. According to school rankings published in the Sun-Times last fall, almost 96 percent of the school’s students met or exceeded state education goals during the 2008-2009 academic year, compared to 62 percent district-wide and almost 76 percent statewide. (Five Chicago elementaries ranked higher, but were all test-in schools.)

According to its Chicago Public Schools profile, Oriole Park had 656 students in ’08-’09. Almost three-fourths of the student body was white, with Hispanics making up the second-largest demographic at 17 percent. Almost 20 percent were low-income students, almost 10 percent were special-ed students, and more than 4 percent were limited English learners. The school is noteworthy for being one of the few in the nation to provide a full Chinese language instruction program.

Among the dozens of single-family homes available within Oriole Park’s attendance area (outlined in the map at bottom) are these three, representing the low, median, and high prices in the market.

  • Low: 7718 W Balmoral Ave, a four-bedroom / one-bath brick bungalow listed “as-is” for $199,000. The home is located on a 40′ x 125′ lot and features hardwood floors, a new hot water tank, and a “newer” furnace. 2008 taxes were $873. The address gets a “car-dependent” Walk Score of 43 and a ho-hum Transit Score of 49 (which no doubt would be higher if Walk Score would recognize Metra as public transportation). Listed by Mariusz Lata of RE/MAX City.
  • Median: 7738 W Victoria St (pictured), a three-bedroom / two-bath Cape Cod-style home priced at $299,900. The home’s first floor features a remodeled kitchen and bath and new hardwood floors; the second floor has two bedrooms and a full bath. Its two-car garage is currently used for storage and needs new overhead doors. 2008 taxes were $3,948. The home has a “somewhat walkable” Walk Score of 58 and a “good” Transit Score of 51. Listed by Donald Tomaska of Baird & Warner.
  • High: 6069 N Olympia Ave, a 2,800 square-foot, four-bedroom / three-bath Cape Cod priced at $579,900. A “total rehab” featuring hardwood floors; new copper plumbing and electrical; Internet wiring in every room; a new HVAC system with double furnace and two hot water heaters; a kitchen with granite countertops, cherry cabinets, and a wine fridge; a master bath with with Jacuzzi tub and separate steam shower; and a fully finished basement. 2008 taxes were $4,428. The home has a “somewhat walkable” Walk Score of 52 and squeaks in with a “good” Transit Score of 50. Listed by Joseph Demarco of iTown Realty.

View Oriole Park Elemenatary School boundaries in a larger map

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