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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

1435 Hervey Ave North Chicago, IL 60064

0 Beds 1 Baths 896 sqft Built 1957
Last updated:  Jan 23, 2020

INVESTimate

$157,227

$152K - $162K

Price Est.

$1,050

940 - $1.2K

Rent Est.

$169,223  ( +7.63%)   1 YR EST. FORECAST
  
  
  

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1435 Hervey Ave PROPERTY INFO

FACTS
  • Built In 1957
  • Price/Sqft : $175.48
CONSTRUCTION
  • Beds : 0
  • Floor Size : 896 sqft
  • Baths : 1 Full

1435 Hervey Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH CHICAGO COMMUNITY HIGH SCHOOL High Regular 770 55 1

NORTH CHICAGO COMMUNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 770
  • # of teachers: 55
1
GreatSchools Rating
 

Financial Details

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Neighborhood

Washburn Park

  • 2,987

    POPULATION
  • 1,032

    HOUSEHOLDS
  • 46.0%

    WHITE COLLAR

Neighborhood : Washburn Park

HOUSEHOLDS
1,032
POPULATION

2,987

61.3%Renters
38.7%Home Owners
LABOR FORCE

 

46.0%White Collar
54.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,050 per month.

MY RENT : $1,050 MEDIAN RENT : $1,156

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 2.2%
$900-999 12.7%
$1,000-1,499 83.7%
>=$1,500 1.4%
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 $1,050 would therefore be considered affordable for annual household incomes greater than $42,000 (12 months x 3.333 x $1,050).

Rent % Affordability
Above $500 67.5%
Above $700 55.0%
Above $1,100 35.9%
Above $1,500 21.4%
Above $1,900 12.9%
HOUSEHOLD INCOME RANGE

Approximately 292 of households in this neighborhood have a total annual income of $42,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,050 per month.

MINIMUM INCOME RANGE : $42,000

Income % Distribution
<$20K 32.5%
$20K-$35K 23.0%
$35K-$60K 23.0%
$60K-$100K 13.3%
>=$100K 8.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 9.9%
10-14 mins 11.4%
15-19 mins 20.4%
20-29 mins 16.9%
30-44 mins 22.1%
45-59 mins 7.3%
>60 mins 9.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 77% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,050 per month.

MY RENT : $1,050 MEDIAN RENT : $1,156

Rent % Distribution
$500-699 0.0%
$700-899 2.2%
$900-999 12.7%
$1,000-1,499 83.7%
>=$1,500 1.4%
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 $1,050 would therefore be considered affordable for annual household incomes greater than $42,000 (12 months x 3.333 x $1,050).

Rent % Affordability
Above $500 67.5%
Above $700 55.0%
Above $1,100 35.9%
Above $1,500 21.4%
Above $1,900 12.9%
HOUSEHOLD INCOME RANGE

Approximately 292 of households in this neighborhood have a total annual income of $42,000 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,050 per month.

MINIMUM INCOME RANGE : $42,000

Income % Distribution
<$20K 32.5%
$20K-$35K 23.0%
$35K-$60K 23.0%
$60K-$100K 13.3%
>=$100K 8.1%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 24% has a commute time of 14 minutes or less and 16% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 9.9%
10-14 mins 11.4%
15-19 mins 20.4%
20-29 mins 16.9%
30-44 mins 22.1%
45-59 mins 7.3%
>60 mins 9.0%

Washburn Park Demographics

INDUSTRY

Industry % Distribution
Administrative Support 11.3%
Arts & Entertainment 16.9%
Construction 9.9%
Health Care & Social Assistance 11.8%
Manufacturing 20.6%
Retail & Wholesale Trader 10.4%
Other 19.2%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 36% is 24 or younger and 10% is 65 or older.

Age % Distribution
<15 22.0%
15-19 8.4%
20-24 6.1%
25-44 28.1%
45-65 25.0%
66+ 10.4%
OCCUPATION

Occupation % Distribution
Clean 12.6%
Computer Engineering 9.0%
Education 7.5%
Natural Resources Maintenance 11.9%
Production & Transportation 15.6%
Sales & Office 24.1%
Other 19.3%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 2.9%
High School 26.8%
Masters Degree 1.5%
Some College 28.3%
Some High School 32.1%
Other 8.3%

1435 Hervey Ave Comps

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1435 Hervey Ave, North Chicago, IL 60064 is a single family home of 896 sqft. HomeUnion INVESTimateĀ® for 1435 Hervey Ave includes a Price Estimate of $157,227 and a Rent Estimate of $1,050. This single family home has 0 bedrooms,1 bathrooms, and was built in 1957. This property has an estimated 15 year annualized Yield of 8.01% and Total Return of 10.15%. The estimated 1 year forecast in home value for 1435 Hervey Ave is 7.63%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60064 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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