Avondale is a vibrant and up-and-coming neighborhood in on the Northwest Side of Chicago, with an urban-suburban blend. From its history and culture to its booming real estate market, it’s really a special neighborhood. In this neighborhood guide, I’ll walk you through everything Avondale has to offer, whether you’re a first-time homebuyer or an experienced property investor. Let’s dive in.
A NEIGHBORHOOD OVERVIEW
Avondale is a real hidden gem in Chicago. It blends old and new in a way other neighborhoods don’t, and its burgeoning creative scene adds to the appeal. Right now, the neighborhood is undergoing a renaissance as trendy restaurants, art galleries, and breweries are breathing new life into the area.
Because of its past, Avondale has garnered a reputation for its industrial heritage and blue-collar roots, but its proximity to the Chicago River eventually led to growing redevelopment and investment opportunities. As a result, Avondale is full of well-preserved properties with a wide range of architectural styles, including Victorian homes, brick bungalows, and traditional two-flats. The neighborhood also saw a bump in accessibility when the 606 trail was extended through it.
The real estate market in Avondale is very attractive for investors, full of multi-unit buildings, condominiums, and single-family homes. The diverse, welcoming community, combined with the area’s affordability, make Avondale a neighborhood worth considering for all investors.
AVONDALE'S REAL ESTATE MARKET
Thanks to its affordable housing and great location, Avondale’s real estate market has seen some significant growth in the recent past, growing increasingly popular among investors and homebuyers alike. The average price in Avondale is higher than Chicago’s average as a whole, but it’s still much more affordable than some of the more expensive areas in the city.
The rental market specifically is a major draw for investors. There’s a high demand for rental properties in Avondale, allowing investors to make a great return on investment. The neighborhood has also seen quite a bit of new construction recently, from apartment buildings and townhomes to single-family properties, which is great for investors.
Similarly to other neighborhoods, Avondale’s real estate market is boosted by factors like location and local amenities. However, Avondale offers some unique advantages that make it shine for investors. For instance, it’s very close to major highways and well-connected with public transportation — which makes it a very popular choice for commuters, who are willing to sacrifice higher rental prices for easy access to work.
The rich history and diverse population of Avondale are another advantage for investors. There’s a wide variety of restaurants, shops, and other amenities that celebrate its mix of Hispanic and Eastern European cultures, giving Avondale a distinct character that can appeal to renters.
COMMUNITY AND LIFESTYLE
Avondale is a diverse neighborhood with a unique cultural and social atmosphere. A large proportion of the community is Polish, but other cultures coexist harmoniously, creating a true melting pot of diverse cultures and traditions. It’s ultimately a close-knit, friendly neighborhood with a strong sense of pride and loyalty.
There’s also plenty to do in the neighborhood. Avondale boasts a variety of restaurants, cafes, and bars, each with its own unique charm and personality. You’ll find everything in Avondale, from trendy hotspots to hidden gems and local favorites.
Ultimately, Avondale has a strong community spirit with a diverse range of cultural and social activities. From close-knit community to vibrant nightlife, Avondale has something for everyone, making it the perfect place to call home or to start investing.
TRANSPORTATION AND LOCATION
Avondale has a very attractive location. It’s on the Northwest Side, about 6 miles from downtown, so it has easy access to surrounding suburbs and the city as a whole. Residents can go downtown with the CTA Blue Line or Metra Milwaukee District North Line, and they can use the Kennedy Expressway to get to other areas of Chicago.
This convenient location makes Avondale a very attractive location for real estate investors. Because of the continued growth and development in the area, properties have excellent potential to appreciate in value. Rental properties are also an especially great way to generate income due to the high demand for affordable housing near the city’s center.
Avondale ultimately has a great balance of urban convenience and suburban tranquility, making it a great option for everyone from young professionals to families. As the neighborhood continues to experience growth and development, its real estate market is expected to stay strong, making Avondale a solid choice for property investors.
Ultimately, Avondale has something for everyone. It’s close enough to the city for young professionals and commuters; it has a strong sense of community that makes it perfect for families looking to settle down; and its rental market is strong enough for any investor. Whether you’re an experienced investor or a first-time homebuyer, Avondale invites you to discover its unique charm and opportunities.
By Eric Fischer - Bike locked to fence, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=76851518
By Eric Fischer - Big tree in front yard, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=76851665
By Eric Fischer - Bed and Breakfast in deeply set back house, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=76851811