Why Live in Albany Park
Albany Park, located near the northern boundary of Chicago, offers residents a quieter alternative to downtown living while maintaining convenient access to the city center. The neighborhood, developed in 1893, features a mix of charming bungalows, large Victorians, Tudors, and low-rise multiunit buildings, with single-family homes making up half of the residences. Albany Park is renowned for its cultural diversity, reflected in the variety of authentic eateries along West Lawrence Avenue, including Korean barbecue joints, Mexican bakeries, and Middle Eastern grills. The area hosts popular events such as the Flavors of Albany Park restaurant crawl and Lot Jams, an outdoor summer concert series. The award-winning Albany Park Theater Project further enriches the community with original plays highlighting immigrant and first-generation experiences.
Outdoor enthusiasts will appreciate the neighborhood's proximity to the North Branch of the Chicago River and the expansive River and Ronan parks, which offer over 30 acres of green space, playgrounds, wildlife habitats, and sports facilities. Albany Park is well-served by public transportation, with multiple Chicago Transit Authority Brown Line train stations and bus stops, and is just a 15-minute drive from downtown via Interstates 90 and 94. While the local schools, including Haugen Elementary and Theodore Roosevelt High School, receive mixed ratings, they offer diverse programs and opportunities for students. Overall, Albany Park provides a rich tapestry of cultural experiences, green spaces, and convenient transportation options, making it a unique and vibrant neighborhood in Chicago.
Home Trends in Albany Park, IL
On average, homes in Albany Park, Chicago sell after 102 days on the market compared to the national average of 69 days. The median sale price for homes in Albany Park, Chicago over the last 12 months is $335,000, down 16% from the median home sale price over the previous 12 months.
Median Sale Price
$335,000
Median Single Family Sale Price
$390,000
Median Townhouse Sale Price
$335,000
Median 2 Bedroom Sale Price
$335,000
Median 1 Bedroom Sale Price
$457,500
Average Price Per Sq Ft
$218
Number of Homes for Sale
12
Last 12 months Home Sales
207
Median List Price
$399,900
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-16%