4840 S Michigan Ave

This Property At A Glance

4840 S Michigan Ave is a building in CHICAGO.

As for the demographics around 4840 S Michigan Ave, the median age is 34, 16% of residents are married, and 43% of residents have at least one child. The median individual full-time income is about $60,119 and about 10% of adults here have a bachelor's degree or higher.

Regarding weather, the average summer temperature is 75.4°F, while the average winter temperature is 25.3°F.

Financial

Value Estimate*

$112,000
$67,200
$156,800
*Value Estimate range is for typical homes in this area. Click here to speak with a neighborhood specialist who can provide you with a free, custom valuation of this property.

Cost of living

National Average

Overall costs

19% lower than the national average

Housing costs

21% lower than the national average

Food & Beverage costs

20% lower than the national average

Transportation costs

14% lower than the national average

Apparel costs

18% lower than the national average

Entertainment costs

22% lower than the national average

Utility costs

19% lower than the national average

Healthcare costs

18% lower than the national average

Insurance costs

25% lower than the national average

Tobacco costs

10% lower than the national average

Income

The median household income in this area is
$34,489
Per year
The median full-time individual income in this area is
$60,119
Per year

Rent vs. Own

The percent of households occupied by renters is
71%
The percent of households occupied by owners is
28%

Tax Information

The sales tax rate in this area is
8.0%
The average annual property tax in this area is
$2,331

Transportation

Commute Stats

The common time to leave for work in this neighborhood is
12:00 PM to 3:59 PM
The most common way to commute in this neighborhood is
Drove alone
The percent of households with at least one car in this area is
59%

Your Commute Times

Demographics

Census at a Glance

The median age is
34
Years Old

Upgrade to see detailed census data

Is the neighborhood around this building filled with the post-college party crowd, overrun with young parents and strollers, or more senior-friendly? Is it a wealthier area, an up-and-coming neighborhood, or a bit on the grittier side?

The most common education level in this area is
High School Diploma
Households with children are
43%
of all households in this area
The percent of people in this area who are married is
16%

Weather & Natural Disasters

Weather

The average temperature in this area during the winter is
25°F
The average temperature in this area during the summer is
75°F

Natural Disasters

Risk of storms
in this area is
mild
Risk of earthquakes
in this area is
low
Risk of hurricanes
in this area is
low
Risk of tornadoes
in this area is
high
Risk of hailstorms
in this area is
high
Risk of windstorms
in this area is
high