Census tracts in which first-time borrowers could qualify for a conventional mortgage on a small apartment building with a minimum 5 percent down payment...
Albany Park. Immediately west of leafy Ravenswood Manor, this bungalow and apartment neighborhood is bounded by Lawrence, Kedzie, Central Park, and Eastwood.
Arcadia Terrace. Sometimes called North Lincoln Square, this neighborhood is bounded by Western, Peterson, California, and Bryn Mawr. It features many solid yellow and red brick two-flats and three-flats built in the 1920s.
Avondale. Immediately south of the landmark Irving Park Villa enclave and just west of Kennedy Expressway, Avondale is bounded by Addison, Pulaski, Diversey, west bank of Chicago River, and Francisco. It is dotted with many nice bungalows and small apartment buildings.
Budlong Woods. This attractive bungalow and small apartment neighborhood, located just south of Arcadia Terrace, is bounded by Byrn Mawr, Western, California, and Farragut.
Dunning. This Far Northwest Side neighborhood, bounded by Irving Park, Austin, Narragansett, Gunnison, and Nora, is the home of Wright Junior College.
Hollywood Park. Located just west of the north branch of the Chicago River and Legion Park, this neighborhood is bounded by Devon, Peterson, Bryn Mawr, and Central Park.
Horner Park. Just west of leafy Horner Park, which is known for its competitive 16-inch softball leagues, the bungalow and two-flat neighborhood is bounded by California, Kedzie, Montrose, and Berteau.
Pulaski Park. Bordering the Northeastern University campus, this neighborhood is bounded by the Chicago River, Bryn Mawr, Pulaski, Peterson, and Devon.
River Park. This pocket neighborhood on the northern boundary of Albany Park is just west of River Park, south of Foster, north of Lawrence, and east of Pulaski. Once plagued by bad drainage and flooded basements, the area soon will benefit by a new storm water drainage system under construction.
Rogers Park. The lakefront neighborhood is bounded by Sheridan, Howard, Western, Kedzie, and Pratt. It offers a huge selection of homes and apartments.
South Logan Square. This hot pocket neighborhood near the 606 Trail is bounded by North, California, Bloomingdale, and Kedzie.
South Old Irving Park. Immediately south of high-demand Old Irving Park and just west of Avondale, this neighborhood is bounded by Pulaski, Laramie, Fullerton, and Lavergne. The census track also includes the Belmont Gardens and Kilbourn Park neighborhoods.
West Ridge. This neighborhood, also called West Rogers Park, is bounded by Clark, Pratt, Peterson, California, and Kedzie. The vintage housing stock features many small brick apartment buildings with expansive floor plans.