North Park

North Park is a quiet residential neighborhood on the north side of Chicago. The neighborhood was built by Swedish immigrants, and later settled by Orthodox Jews.

Today North Park is home to people from all over the world. According to the latest report from the United States Census Bureau, the population of North Park was at 18,514 in 2000.

The neighborhood is a mix of people from all over the world. South American, Central American, and Asian immigrants have come to the area looking for a peaceful suburban lifestyle close to downtown Chicago.

The median income in North Park is $49,208, according to the latest Census Bureau report.

North Park is home to two universities, giving the area an added vitality. Northeastern Illinois University and North Park University attract students from around Illinois.

Pulaski Park and Hollywood Park offer residents swimming pools, basketball courts, and community programs throughout the year.

The Lake Michigan shoreline is also just a few minutes from North Park, with popular beaches and walking trails.

Commuters have quick Metra and El connections to the downtown Chicago business district.

The real estate market in North Park is small when compared to other neighborhoods around the city.

According to the most recent report from the Chicago Association of Realtors, only 11 condominiums were sold, more than 50 percent less than during the same period last year.

Prices for condominiums are leveling off. The average sales price during the second quarter for a condo in North Park was $235,309, up by less than 3 percent from last year.

Turnover time was down in the neighborhood, from 167 days during 2006 to 116 days in the second quarter of this year.

The market for single family homes in North Park is also small in comparison to other neighborhoods around Chicago.

Only 14 homes were sold in the neighborhood during the second quarter of this year, off from the peak of 25 during the second quarter of 2005.

The price of homes in the neighborhood continues to rise. The average sales price was up over 10 percent during the second quarter to just over $500,000, according to the Chicago Association of Realtors.

However, owners are waiting longer to find a buyer on the market in North Park. The average turnover time for single family homes in the neighborhood doubled to 149 days during the second quarter.

North Park real estate trends are difficult to establish due to the small size of the real estate market.

Condos and homes are available in North Park. Buyers can choose from homes for as little as $200,000 and as much as $900,000 or more.

A three bedroom and two bath home in North Park is currently listed on the market for $650,000.

The two-story home is located at 6034 N. Drake.

Another property available in North Park is a one-story three bedroom home at 5144 N. Monticello Avenue.

The 1177 square foot home priced at $327,900.