Chicago Investment Properties For Sale

Third Largest Metropolitan Area in the U.S.

Chicago is an enormous city located in the state of Illinois. With a population of 2,720,546 people and 795 constituent neighborhoods, Chicago is the largest community in Illinois. Much of the housing stock in Chicago was built prior to World War II, making it one of the older and more historic cities in the country.

Chicago real estate is some of the most expensive in Illinois, although Chicago house values don't compare to the most expensive real estate in the U.S.

Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Chicago is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Chicago is a city of sales and office workers, professionals and service providers. There are especially a lot of people living in Chicago who work in office and administrative support (12.82%), sales jobs (10.26%) and management occupations (9.06%).

Also of interest is that Chicago has more people living here who work in computers and math than 95% of the places in the US.

Chicago Information and Demographics

The population of Chicago is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 34.90% of adults in Chicago have a bachelor's degree or even advanced degree.

The per capita income in Chicago in 2010 was $28,623, which is upper middle income relative to Illinois and the nation. This equates to an annual income of $114,492 for a family of four. However, Chicago contains both very wealthy and poor people as well.

Chicago is an extremely ethnically-diverse city. The people who call Chicago home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Chicago residents report their race to be White, followed by Black or African-American. Chicago also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 28.95% of the city’s residents. Important ancestries of people in Chicago include Irish, German, Polish, Italian and English.

Foreign born people are also an important part of Chicago's cultural character, accounting for 20.92% of the city’s population.

The most common language spoken in Chicago is English. Other important languages spoken here include Spanish and Polish.

 

Information by Department of Numbers, Bureau of Labor Statistics, U.S. Census Bureau and Locatoin Incorporated ILe deemed reliable but not guaranteed.

Chicago APPRECIATION RATE

TIME PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED TO State* COMPARED TO AMERICA*
Latest Quarter:
2021 Q3-2021 Q4
0.00% 0.00%
Last 12 Months:
2020 Q4-2021 Q4
0.00% 0.00%
Last 2 Years:
2019 Q4-2021 Q4
0.00% 0.00%
Last 5 Years:
2016 Q4-2021 Q4
0.00% 0.00%
Last 10 Years:
2011 Q4-2021 Q4
0.00% 0.00%
Since 2000: Q1-2021 Q4 0.00% 0.00%
*10 is the highest


RENT & OWNERSHIP

HOME OWNERSHIP RATE


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