ARO Pilot 2017 - Near North area Affordable Requirements Ordinance (ARO) pilot area


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Renovation of an existing 25-unit building.  (301 W North Ave, Chicago, IL)
Author: Bugaj Architects

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Parcels & Properties within ARO Pilot 2017 - Near North area

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Use one of the tools buttons to see more data. Many properties don't have information about property owners. This is because the properties are non-taxable and thus the tax billing name & address isn't included in the source data (Cook County Assessor). Building age data is not always reliable. This feature was supported by the Metropolitan Planning Council.



More info about ARO Pilot 2017 - Near North area Affordable Requirements Ordinance (ARO) pilot area Show/hide this section

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ARO Pilot 2017 - Near North area stats

The area of ARO Pilot 2017 - Near North area is 2.91 square miles.

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Market info for ARO Pilot 2017 - Near North area

Submarket 3 85.5% of ARO Pilot 2017 - Near North area

Higher density urban, high income, young, high home prices and rents

The majority of submarket 3 falls within the boundaries of Chicago, as well as parts of Oak Park and Evanston and can generally be characterized as a strong urban market. High and growing incomes generally mitigate high and increasing home prices and rents, resulting in lower levels of cost burden. Submarket 3 has the lowest transportation costs of any submarket. The housing stock can be characterized as high density urban, primarily consisting of older homes. While many residents of this submarket rent, only in submarket 3 did the share of households renting decline. Lower levels of subsidized housing are found in this submarket. Submarket 3 has a very active housing market with high levels of mortgage activity, turnover, and low vacancy. There are low levels of foreclosure activity and cash sales. The households in this submarket are younger, middle and higher income, with high levels of educational attainment. Smaller households, often 1-person, with few children fit the submarket’s high-density design. Submarket 3 was the only submarket to see an increase in median household income.

Submarket 7 14.5% of ARO Pilot 2017 - Near North area

High population growth, newest housing stock

Rapid population growth since 2000 defines this submarket. In fact, it is the fastest growing of all eight segments tracked in this study. Submarket 7 primarily consists of exurbs in McHenry, Kane, Kendall and Will Counties but also includes the downtown core of Chicago. The housing stock in the exurbs is primarily low density and has few rental units. Housing in Chicago’s downtown core is a mix of high rise owner-occupied and rental units. The shared traits of recent growth and expansion help to define this submarket, but there are big variations in data. High transportation costs in the fringe areas of the submarket contrast with the low transportation costs found in the core of Chicago. Despite strong market conditions before 2008, moderate levels of lending, foreclosure activity, and distressed sales are present in the exurbs. Overall, the submarket typically consists of middle to higher income households with children and a relatively high level of educational attainment.

What are submarkets?

There are eight submarkets, or clusters of similar housing issues and neighborhood characteristics. The "cluster" information is from the Regional Housing Solutions and is based on data from the American Community Survey, collected in 2009-2013, and is a collaboration among CMAP, Institute for Housing Studies, Metropolitan Mayors Caucus, and Metropolitan Planning Council.


Building Projects in ARO Pilot 2017 - Near North area

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Year-over-year permits

Summarizing building permit activity in ARO Pilot 2017 - Near North area Affordable Requirements Ordinance pilot areas since 2006

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Renderings, Photos, & Plans

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Properties for sale

Chicago-owned properties

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CCLBA properties

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Business licenses

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Zoning Changes & Ordinances

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Building violations

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Public investments TIF-funded Projects

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Vacant & abandoned building reports

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Historic Resources Survey 1995 survey - orange & red-rated only

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Filming Permits

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Sources

Affordable Requirements Ordinance (ARO) pilot area map source: City of Chicago, Department of Planning & Development

The zoning layer colorway comes from Second City Zoning.