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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

1300 Prairie Estate Dr New Lenox, IL 60451

3 Beds 2 Baths 2,572 sqft Built 1977
Last updated:  Jan 23, 2020

INVESTimate

$195,636

$186K - $205K

Price Est.

$1,910

$1.8K - $2.0K

Rent Est.

$198,786  ( +1.61%)   1 YR EST. FORECAST
  
  
  

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1300 Prairie Estate Dr PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $76.06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,572 sqft
  • Baths : 1 Full 1 Half

1300 Prairie Estate Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
ANNA MCDONALD ELEMENTARY SCHOOL Primary Regular 386 20 9
MANHATTAN JR HIGH SCHOOL Middle Regular 407 23 7
LINCOLN-WAY WEST HIGH SCHOOL High Regular 1,290 67 10

ANNA MCDONALD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 20
9
GreatSchools Rating

MANHATTAN JR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 407
  • # of teachers: 23
7
GreatSchools Rating

LINCOLN-WAY WEST HIGH SCHOOL

  • Education Level: High
  • # of students: 1,290
  • # of teachers: 67
10
GreatSchools Rating
 

Financial Details

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Neighborhood

NEW LENOX

  • 35,367

    POPULATION
  • 11,560

    HOUSEHOLDS
  • 69.0%

    WHITE COLLAR

Neighborhood : NEW LENOX

HOUSEHOLDS
11,560
POPULATION

35,367

10.6%Renters
89.4%Home Owners
LABOR FORCE

 

69.0%White Collar
31.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,910 per month.

MY RENT : $1,910 MEDIAN RENT : $2,200

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,910 would therefore be considered affordable for annual household incomes greater than $76,400 (12 months x 3.333 x $1,910).

Rent % Affordability
Above $500 94.2%
Above $700 91.9%
Above $1,100 83.8%
Above $1,500 74.6%
Above $1,900 64.8%
HOUSEHOLD INCOME RANGE

Approximately 6,548 of households in this neighborhood have a total annual income of $76,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,910 per month.

MINIMUM INCOME RANGE : $76,400

Income % Distribution
<$20K 5.8%
$20K-$35K 5.1%
$35K-$60K 14.4%
$60K-$100K 23.6%
>=$100K 51.1%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 7.9%
10-14 mins 8.6%
15-19 mins 9.1%
20-29 mins 17.2%
30-44 mins 22.7%
45-59 mins 13.8%
>60 mins 19.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 95% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,910 per month.

MY RENT : $1,910 MEDIAN RENT : $2,200

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 5.0%
>=$1,500 95.0%
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 $1,910 would therefore be considered affordable for annual household incomes greater than $76,400 (12 months x 3.333 x $1,910).

Rent % Affordability
Above $500 94.2%
Above $700 91.9%
Above $1,100 83.8%
Above $1,500 74.6%
Above $1,900 64.8%
HOUSEHOLD INCOME RANGE

Approximately 6,548 of households in this neighborhood have a total annual income of $76,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,910 per month.

MINIMUM INCOME RANGE : $76,400

Income % Distribution
<$20K 5.8%
$20K-$35K 5.1%
$35K-$60K 14.4%
$60K-$100K 23.6%
>=$100K 51.1%
COMMUTE TIME DISTRIBUTION

49% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 33% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 7.9%
10-14 mins 8.6%
15-19 mins 9.1%
20-29 mins 17.2%
30-44 mins 22.7%
45-59 mins 13.8%
>60 mins 19.3%

NEW LENOX Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.5%
Construction 8.9%
Educational Services 12.3%
Health Care & Social Assistance 13.0%
Manufacturing 9.2%
Retail & Wholesale Trader 13.9%
Other 35.2%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 34% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 21.0%
15-19 7.1%
20-24 6.1%
25-44 24.6%
45-65 29.4%
66+ 11.8%
OCCUPATION

Occupation % Distribution
Construction 9.1%
Healthcare 6.6%
Management, Business, & Financial 21.9%
Natural Resources Maintenance 12.1%
Production & Transportation 9.2%
Sales & Office 23.2%
Other 18.0%
HIGHEST EDUCATION LEVEL

24% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.3%
High School 24.2%
Masters Degree 11.6%
Some College 22.8%
Some High School 4.2%
Other 26.9%

1300 Prairie Estate Dr Comps

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1300 Prairie Estate Dr, New Lenox, IL 60451 is a single family home of 2,572 sqft. HomeUnion INVESTimateĀ® for 1300 Prairie Estate Dr includes a Price Estimate of $195,636 and a Rent Estimate of $1,910. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 11.72% and Total Return of 23.35%. The estimated 1 year forecast in home value for 1300 Prairie Estate Dr is 1.61%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , WILL County , or the 60451 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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