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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

1030 Summit Dr Deerfield, IL 60015

0 Beds 3 Baths 4,011 sqft Built 1969
Last updated:  Jan 23, 2020

INVESTimate

$751,360

$721K - $782K

Price Est.

$4,385

$3.9K - $4.8K

Rent Est.

$761,578  ( +1.36%)   1 YR EST. FORECAST
  
  
  

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1030 Summit Dr PROPERTY INFO

FACTS
  • Built In 1969
  • Price/Sqft : $187.32
CONSTRUCTION
  • Beds : 0
  • Floor Size : 4,011 sqft
  • Baths : 2 Full 1 Half

1030 Summit Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WALDEN ELEMENTARY SCHOOL Primary Regular 482 33 NA
ALAN B SHEPARD MIDDLE SCHOOL Middle Regular 530 43 NA
DEERFIELD HIGH SCHOOL High Regular 1,645 111 10

WALDEN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 482
  • # of teachers: 33
-1
GreatSchools Rating

ALAN B SHEPARD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 530
  • # of teachers: 43
-1
GreatSchools Rating

DEERFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,645
  • # of teachers: 111
10
GreatSchools Rating
 

Financial Details

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Neighborhood

North Trail

  • 359

    POPULATION
  • 112

    HOUSEHOLDS
  • 90.9%

    WHITE COLLAR

Neighborhood : North Trail

HOUSEHOLDS
112
POPULATION

359

4.6%Renters
95.4%Home Owners
LABOR FORCE

 

90.9%White Collar
9.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,385 per month.

MY RENT : $4,385 MEDIAN RENT : $3,785

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $4,385 would therefore be considered affordable for annual household incomes greater than $175,400 (12 months x 3.333 x $4,385).

Rent % Affordability
Above $500 95.5%
Above $700 95.0%
Above $1,100 91.5%
Above $1,500 84.7%
Above $1,900 81.7%
HOUSEHOLD INCOME RANGE

Approximately 24 of households in this neighborhood have a total annual income of $175,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,385 per month.

MINIMUM INCOME RANGE : $175,400

Income % Distribution
<$20K 4.5%
$20K-$35K 1.8%
$35K-$60K 9.0%
$60K-$100K 10.8%
>=$100K 73.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 8.9%
10-14 mins 12.1%
15-19 mins 16.6%
20-29 mins 18.5%
30-44 mins 17.2%
45-59 mins 5.7%
>60 mins 20.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $4,385 per month.

MY RENT : $4,385 MEDIAN RENT : $3,785

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $4,385 would therefore be considered affordable for annual household incomes greater than $175,400 (12 months x 3.333 x $4,385).

Rent % Affordability
Above $500 95.5%
Above $700 95.0%
Above $1,100 91.5%
Above $1,500 84.7%
Above $1,900 81.7%
HOUSEHOLD INCOME RANGE

Approximately 24 of households in this neighborhood have a total annual income of $175,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $4,385 per month.

MINIMUM INCOME RANGE : $175,400

Income % Distribution
<$20K 4.5%
$20K-$35K 1.8%
$35K-$60K 9.0%
$60K-$100K 10.8%
>=$100K 73.9%
COMMUTE TIME DISTRIBUTION

52% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 26% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 8.9%
10-14 mins 12.1%
15-19 mins 16.6%
20-29 mins 18.5%
30-44 mins 17.2%
45-59 mins 5.7%
>60 mins 20.4%

North Trail Demographics

INDUSTRY

Industry % Distribution
Educational Services 7.9%
Financial Industries 13.0%
Health Care & Social Assistance 11.9%
Manufacturing 10.7%
Professional & Scientific Tech Services 22.6%
Retail & Wholesale Trader 16.4%
Other 17.5%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 24.2%
15-19 8.6%
20-24 3.1%
25-44 19.8%
45-65 33.4%
66+ 10.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.6%
Healthcare 7.8%
Legal 11.7%
Management, Business, & Financial 31.2%
Sales & Office 24.2%
Social 3.9%
Other 12.5%
HIGHEST EDUCATION LEVEL

48% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Doctorate 1.8%
High School 7.0%
Masters Degree 28.6%
Professional 17.6%
Some College 6.6%
Other 38.3%

1030 Summit Dr Comps

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1030 Summit Dr, Deerfield, IL 60015 is a single family home of 4,011 sqft. HomeUnion INVESTimateĀ® for 1030 Summit Dr includes a Price Estimate of $751,360 and a Rent Estimate of $4,385. This single family home has 0 bedrooms,3 bathrooms, and was built in 1969. This property has an estimated 15 year annualized Yield of 7.00% and Total Return of 11.21%. The estimated 1 year forecast in home value for 1030 Summit Dr is 1.36%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60015 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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