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 Albany Park Chicago Real Estate Conditions

Albany Park is a Chicago community eight miles Northwest of the loop, and is one of the most culturally diverse communities in the United States. Residents hale from Latin America, Yugoslavia, Korea, and the Middle East just to name a few. Twenty-five plus languages are spoken in this culturally rich community.

The Korean influence is very apparent in this community with a stretch of Korean shops and businesses down what has been nicknamed “Seoul Drive” on Lawrence Avenue (4800 North), between Kedzie (3200 West) and Pulaski (4000 West). One can also find Italian, Japanese, Jewish, Palestinian and many other culturally oriented shops, restaurants and businesses in Albany Park.

Albany Park is also diverse when it comes to the realm of architecture. This neighborhood’s landscape is beset with multi-flats and courtyard building near the Brown line L at Lawrence and Kimball, two and three flats further away, and bungalows in the western areas.

With a population of 58,000 it is a gateway community, a major port of entry for new arrivals from around the globe. People of different cultures have been making Albany Park their second home since 1907, when the Ravenswood el began to bring development to the sparsely populated neighborhood around Kimball and Lawrence avenues.

Albany Park's cultural diversity enriches the neighborhood. Along Lawrence Avenue, the heart of Albany Park was renamed Seoul Drive because of the many Korean-owned business that line the streets.

The neighborhood is also bordered by the Chicago River, which makes for some very scenic and peaceful chill-out spots in the surrounding park area.

Albany Park Coordinates:

Direction Low High
North 3601 5200
West 3001 4000

There are 583 listings currently available in Albany Park.

Property Type Available Median Low High
Condos/Lofts 356 $247,741 $121,900 $999,000
Detached, Single Family 80 $511,833 $99,000 $1,200,000
Multi (2-4 units) 89 $543,669 $205,000 $1,750,000
Multi (5+ units) 0 n/a n/a n/a
Vacant Land 5 $0 $3,100,000

To look at these Albany Park Chicago real estate listings, click here.


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