Albany Park
Albany Park, eight miles northwest of the Loop, was originally home to German and Swedish immigrants. After 1912 it was increasingly settled by Russian Jews who'd left the crowded neighborhoods of Chicago's Near West Side. After the Second World War, many families moved to the suburbs, resulting in the neighborhoods temporary economic and social decline.
But relief came in 1978 when city government, the North River Commission, and the Lawrence Avenue Development Corporation cooperated to improve Albany Park's appearance. Albany Park's renewal included streetscape beautification, the Facade Rebate Program, low-interest loans, and other financing packages. Redevelopment efforts led to a decrease in commercial vacancies and an increase in residential property values in the 1980s and 1990s. Albany Park again presented an attractive urban neighborhood for real-estate development and commercial investment.
Properties that NSP has acquired (or are under contract) in Albany Park.
Learn more about Albany Park
The North River Commission (NRC) is a community-based organization founded in 1962 by concerned residents and neighborhood institutions. NRC unites over 100 civic associations, businesses, schools, institutions and places of worship on the northwest side of Chicago to improve the quality of life for all constituents in our community by creating affordable housing, quality education, arts & cultural endeavors, open spaces, and stable neighborhood businesses.
To read recent news stories about Albany Park, click
here and
here.