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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

1431 Ridgeway St Round Lake Beach, IL 60073

0 Beds 1 Baths 1,549 sqft Built 1977
Last updated:  Jan 23, 2020

INVESTimate

$93,601

$91.2K - $96.0K

Price Est.

$1,376

$1.3K - $1.5K

Rent Est.

$100,312  ( +7.17%)   1 YR EST. FORECAST
  
  
  

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1431 Ridgeway St PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $60.43
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,549 sqft
  • Baths : 1 Full

1431 Ridgeway St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
FREDERICK SCHOOL Primary Regular 749 46 7
FREDERICK SCHOOL Middle Regular 749 46 7
GRAYSLAKE NORTH HIGH SCHOOL High Regular 1,556 107 9

FREDERICK SCHOOL

  • Education Level: Primary
  • # of students: 749
  • # of teachers: 46
7
GreatSchools Rating

FREDERICK SCHOOL

  • Education Level: Middle
  • # of students: 749
  • # of teachers: 46
7
GreatSchools Rating

GRAYSLAKE NORTH HIGH SCHOOL

  • Education Level: High
  • # of students: 1,556
  • # of teachers: 107
9
GreatSchools Rating
 

Financial Details

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Neighborhood

Round Lake Beach-Ridgewood

  • 2,016

    POPULATION
  • 502

    HOUSEHOLDS
  • 48.0%

    WHITE COLLAR

Neighborhood : Round Lake Beach-Ridgewood

HOUSEHOLDS
502
POPULATION

2,016

18.0%Renters
82.0%Home Owners
LABOR FORCE

 

48.0%White Collar
52.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,376 per month.

MY RENT : $1,376 MEDIAN RENT : $1,102

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 6.9%
$900-999 32.4%
$1,000-1,499 55.1%
>=$1,500 5.6%
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 $1,376 would therefore be considered affordable for annual household incomes greater than $55,040 (12 months x 3.333 x $1,376).

Rent % Affordability
Above $500 81.2%
Above $700 76.8%
Above $1,100 61.7%
Above $1,500 52.8%
Above $1,900 38.8%
HOUSEHOLD INCOME RANGE

Approximately 270 of households in this neighborhood have a total annual income of $55,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,376 per month.

MINIMUM INCOME RANGE : $55,040

Income % Distribution
<$20K 18.8%
$20K-$35K 13.4%
$35K-$60K 15.0%
$60K-$100K 33.4%
>=$100K 19.4%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 2.9%
10-14 mins 9.4%
15-19 mins 10.4%
20-29 mins 17.8%
30-44 mins 30.2%
45-59 mins 12.9%
>60 mins 15.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 19% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,376 per month.

MY RENT : $1,376 MEDIAN RENT : $1,102

Rent % Distribution
$500-699 0.0%
$700-899 6.9%
$900-999 32.4%
$1,000-1,499 55.1%
>=$1,500 5.6%
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 $1,376 would therefore be considered affordable for annual household incomes greater than $55,040 (12 months x 3.333 x $1,376).

Rent % Affordability
Above $500 81.2%
Above $700 76.8%
Above $1,100 61.7%
Above $1,500 52.8%
Above $1,900 38.8%
HOUSEHOLD INCOME RANGE

Approximately 270 of households in this neighborhood have a total annual income of $55,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,376 per month.

MINIMUM INCOME RANGE : $55,040

Income % Distribution
<$20K 18.8%
$20K-$35K 13.4%
$35K-$60K 15.0%
$60K-$100K 33.4%
>=$100K 19.4%
COMMUTE TIME DISTRIBUTION

58% of the working population has a commute time of 15 to 44 minutes, 14% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.3%
5-9 mins 2.9%
10-14 mins 9.4%
15-19 mins 10.4%
20-29 mins 17.8%
30-44 mins 30.2%
45-59 mins 12.9%
>60 mins 15.0%

Round Lake Beach-Ridgewood Demographics

INDUSTRY

Industry % Distribution
Administrative Support 9.9%
Arts & Entertainment 9.3%
Construction 9.5%
Health Care & Social Assistance 12.0%
Manufacturing 14.1%
Retail & Wholesale Trader 21.8%
Other 23.4%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 39% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 23.0%
15-19 9.9%
20-24 6.4%
25-44 25.0%
45-65 23.5%
66+ 12.2%
OCCUPATION

Occupation % Distribution
Clean 12.0%
Education 9.3%
Management, Business, & Financial 8.9%
Natural Resources Maintenance 12.9%
Production & Transportation 10.0%
Sales & Office 25.0%
Other 21.9%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.6%
High School 39.2%
Masters Degree 3.1%
Some College 18.9%
Some High School 24.6%
Other 9.7%

1431 Ridgeway St Comps

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1431 Ridgeway St, Round Lake Beach, IL 60073 is a single family home of 1,549 sqft. HomeUnion INVESTimateĀ® for 1431 Ridgeway St includes a Price Estimate of $93,601 and a Rent Estimate of $1,376. This single family home has 0 bedrooms,1 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 17.64% and Total Return of 31.28%. The estimated 1 year forecast in home value for 1431 Ridgeway St is 7.17%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60073 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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