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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

106 Michigan Ave South Roxana, IL 62087

2 Beds 0 Baths 1,080 sqft Built 1945
Last updated:  Dec 26, 2019

INVESTimate

$91,879

$86.8K - $97.0K

Price Est.

$710

656 - 764

Rent Est.

$94,213  ( +2.54%)   1 YR EST. FORECAST
  
  
  

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106 Michigan Ave PROPERTY INFO

FACTS
  • Built In 1945
  • Price/Sqft : $85.07
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,080 sqft
  • Baths : 0 Full

106 Michigan Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CENTRAL ELEMENTARY SCHOOL Primary Regular 398 23 6
ROXANA SR HIGH SCHOOL High Regular 601 39 3

CENTRAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 398
  • # of teachers: 23
6
GreatSchools Rating

ROXANA SR HIGH SCHOOL

  • Education Level: High
  • # of students: 601
  • # of teachers: 39
3
GreatSchools Rating
 

Financial Details

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Neighborhood

South Roxana

  • 2,377

    POPULATION
  • 877

    HOUSEHOLDS
  • 40.8%

    WHITE COLLAR

Neighborhood : South Roxana

HOUSEHOLDS
877
POPULATION

2,377

37.4%Renters
62.6%Home Owners
LABOR FORCE

 

40.8%White Collar
59.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $710 per month.

MY RENT : $710 MEDIAN RENT : $761

Rent % Distribution LEVEL
$500-699 22.7%
$700-899 61.7%
$900-999 11.1%
$1,000-1,499 4.5%
>=$1,500 0.0%
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 $710 would therefore be considered affordable for annual household incomes greater than $28,400 (12 months x 3.333 x $710).

Rent % Affordability
Above $500 77.3%
Above $700 64.0%
Above $1,100 44.9%
Above $1,500 32.0%
Above $1,900 18.8%
HOUSEHOLD INCOME RANGE

Approximately 2,070 of households in this neighborhood have a total annual income of $28,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $710 per month.

MINIMUM INCOME RANGE : $28,400

Income % Distribution
<$20K 22.7%
$20K-$35K 19.4%
$35K-$60K 25.9%
$60K-$100K 24.2%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 10.9%
10-14 mins 18.6%
15-19 mins 13.1%
20-29 mins 24.8%
30-44 mins 23.6%
45-59 mins 3.8%
>60 mins 1.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $710 per month.

MY RENT : $710 MEDIAN RENT : $761

Rent % Distribution
$500-699 22.7%
$700-899 61.7%
$900-999 11.1%
$1,000-1,499 4.5%
>=$1,500 0.0%
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 $710 would therefore be considered affordable for annual household incomes greater than $28,400 (12 months x 3.333 x $710).

Rent % Affordability
Above $500 77.3%
Above $700 64.0%
Above $1,100 44.9%
Above $1,500 32.0%
Above $1,900 18.8%
HOUSEHOLD INCOME RANGE

Approximately 2,070 of households in this neighborhood have a total annual income of $28,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $710 per month.

MINIMUM INCOME RANGE : $28,400

Income % Distribution
<$20K 22.7%
$20K-$35K 19.4%
$35K-$60K 25.9%
$60K-$100K 24.2%
>=$100K 7.9%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 10.9%
10-14 mins 18.6%
15-19 mins 13.1%
20-29 mins 24.8%
30-44 mins 23.6%
45-59 mins 3.8%
>60 mins 1.1%

South Roxana Demographics

INDUSTRY

Industry % Distribution
Administrative Support 8.8%
Construction 9.8%
Health Care & Social Assistance 12.5%
Manufacturing 13.2%
Retail & Wholesale Trader 17.3%
Transportation 10.9%
Other 27.5%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 37% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 22.1%
15-19 6.9%
20-24 7.8%
25-44 25.7%
45-65 24.7%
66+ 12.8%
OCCUPATION

Occupation % Distribution
Clean 3.3%
Healthcare 12.0%
Management, Business, & Financial 5.2%
Natural Resources Maintenance 3.9%
Production & Transportation 32.6%
Sales & Office 32.3%
Other 10.8%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.4%
High School 41.6%
Masters Degree 0.8%
Some College 29.3%
Some High School 15.5%
Other 5.4%

106 Michigan Ave Comps

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106 Michigan Ave, South Roxana, IL 62087 is a single family home of 1,080 sqft. HomeUnion INVESTimateĀ® for 106 Michigan Ave includes a Price Estimate of $91,879 and a Rent Estimate of $710. This single family home has 2 bedrooms,0 bathrooms, and was built in 1945. This property has an estimated 15 year annualized Yield of 9.27% and Total Return of 14.41%. The estimated 1 year forecast in home value for 106 Michigan Ave is 2.54%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MADISON County , or the 62087 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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