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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

1508 1st St Charleston, IL 61920

6 Beds 2 Baths 2,228 sqft Built 1952
Last updated:  Dec 26, 2019

INVESTimate

$102,922

$96.3K - $110K

Price Est.

$1,469

$1.2K - $1.8K

Rent Est.

$102,119  ( -0.78%)   1 YR EST. FORECAST
  
  
  

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1508 1st St PROPERTY INFO

FACTS
  • Built In 1952
  • Price/Sqft : $46.19
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,228 sqft
  • Baths : 2 Full

1508 1st St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
CHARLESTON HIGH SCHOOL High Regular 823 47 8

CHARLESTON HIGH SCHOOL

  • Education Level: High
  • # of students: 823
  • # of teachers: 47
8
GreatSchools Rating
 

Financial Details

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Neighborhood

CHARLESTON

  • 25,005

    POPULATION
  • 9,430

    HOUSEHOLDS
  • 63.2%

    WHITE COLLAR

Neighborhood : CHARLESTON

HOUSEHOLDS
9,430
POPULATION

25,005

46.6%Renters
53.4%Home Owners
LABOR FORCE

 

63.2%White Collar
36.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,181

Rent % Distribution LEVEL
$500-699 0.1%
$700-899 12.9%
$900-999 10.9%
$1,000-1,499 56.9%
>=$1,500 19.2%
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 $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 69.0%
Above $700 57.5%
Above $1,100 44.0%
Above $1,500 34.2%
Above $1,900 25.4%
HOUSEHOLD INCOME RANGE

Approximately 3,255 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 31.0%
$20K-$35K 17.8%
$35K-$60K 17.1%
$60K-$100K 18.7%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 61% 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 13.3%
5-9 mins 28.2%
10-14 mins 19.9%
15-19 mins 13.1%
20-29 mins 12.4%
30-44 mins 7.8%
45-59 mins 2.4%
>60 mins 2.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 23% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,469 per month.

MY RENT : $1,469 MEDIAN RENT : $1,181

Rent % Distribution
$500-699 0.1%
$700-899 12.9%
$900-999 10.9%
$1,000-1,499 56.9%
>=$1,500 19.2%
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 $1,469 would therefore be considered affordable for annual household incomes greater than $58,760 (12 months x 3.333 x $1,469).

Rent % Affordability
Above $500 69.0%
Above $700 57.5%
Above $1,100 44.0%
Above $1,500 34.2%
Above $1,900 25.4%
HOUSEHOLD INCOME RANGE

Approximately 3,255 of households in this neighborhood have a total annual income of $58,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,469 per month.

MINIMUM INCOME RANGE : $58,760

Income % Distribution
<$20K 31.0%
$20K-$35K 17.8%
$35K-$60K 17.1%
$60K-$100K 18.7%
>=$100K 15.4%
COMMUTE TIME DISTRIBUTION

33% of the working population has a commute time of 15 to 44 minutes, 61% 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 13.3%
5-9 mins 28.2%
10-14 mins 19.9%
15-19 mins 13.1%
20-29 mins 12.4%
30-44 mins 7.8%
45-59 mins 2.4%
>60 mins 2.9%

CHARLESTON Demographics

INDUSTRY

Industry % Distribution
Administrative Support 5.4%
Arts & Entertainment 10.3%
Educational Services 22.4%
Health Care & Social Assistance 17.3%
Manufacturing 10.3%
Retail & Wholesale Trader 11.7%
Other 22.6%
AGE DISTRIBUTION

42% of the population is between the ages of 25 and 64, 46% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 12.6%
15-19 11.2%
20-24 22.4%
25-44 23.0%
45-65 19.4%
66+ 11.5%
OCCUPATION

Occupation % Distribution
Construction 9.2%
Healthcare 9.9%
Management, Business, & Financial 15.8%
Natural Resources Maintenance 6.1%
Production & Transportation 15.1%
Sales & Office 22.3%
Other 21.6%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 10.8%
High School 26.0%
Masters Degree 11.9%
Some College 19.9%
Some High School 8.4%
Other 23.0%

1508 1st St Comps

Sorry, we do not have sufficient data available.

1508 1st St, Charleston, IL 61920 is a single family home of 2,228 sqft. HomeUnion INVESTimateĀ® for 1508 1st St includes a Price Estimate of $102,922 and a Rent Estimate of $1,469. This single family home has 6 bedrooms,2 bathrooms, and was built in 1952. This property has an estimated 15 year annualized Yield of 17.13% and Total Return of 26.15%. The estimated 1 year forecast in home value for 1508 1st St is -0.78%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COLES County , or the 61920 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 61938