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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

1604 Martin Luther King Jr Dr North Chicago, IL 60064

3 Beds 1 Baths 1,073 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$75,554

$71.9K - $79.2K

Price Est.

$1,084

971 - $1.2K

Rent Est.

$81,319  ( +7.63%)   1 YR EST. FORECAST
  
  
  

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1604 Martin Luther King Jr Dr PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $70.41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,073 sqft
  • Baths : 1 Full

1604 Martin Luther King Jr Dr 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

NORTH CHICAGO

  • 15,828

    POPULATION
  • 5,248

    HOUSEHOLDS
  • 38.0%

    WHITE COLLAR

Neighborhood : NORTH CHICAGO

HOUSEHOLDS
5,248
POPULATION

15,828

56.3%Renters
43.7%Home Owners
LABOR FORCE

 

38.0%White Collar
62.0%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 $1,084 per month.

MY RENT : $1,084 MEDIAN RENT : $1,293

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 1.0%
$900-999 7.6%
$1,000-1,499 88.3%
>=$1,500 3.1%
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 $1,084 would therefore be considered affordable for annual household incomes greater than $43,360 (12 months x 3.333 x $1,084).

Rent % Affordability
Above $500 73.3%
Above $700 62.5%
Above $1,100 42.9%
Above $1,500 32.3%
Above $1,900 23.1%
HOUSEHOLD INCOME RANGE

Approximately 1,981 of households in this neighborhood have a total annual income of $43,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,084 per month.

MINIMUM INCOME RANGE : $43,360

Income % Distribution
<$20K 26.7%
$20K-$35K 21.1%
$35K-$60K 20.0%
$60K-$100K 20.7%
>=$100K 11.6%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 10.9%
10-14 mins 13.1%
15-19 mins 18.3%
20-29 mins 19.9%
30-44 mins 21.5%
45-59 mins 7.5%
>60 mins 5.0%
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 $1,084 per month.

MY RENT : $1,084 MEDIAN RENT : $1,293

Rent % Distribution
$500-699 0.0%
$700-899 1.0%
$900-999 7.6%
$1,000-1,499 88.3%
>=$1,500 3.1%
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 $1,084 would therefore be considered affordable for annual household incomes greater than $43,360 (12 months x 3.333 x $1,084).

Rent % Affordability
Above $500 73.3%
Above $700 62.5%
Above $1,100 42.9%
Above $1,500 32.3%
Above $1,900 23.1%
HOUSEHOLD INCOME RANGE

Approximately 1,981 of households in this neighborhood have a total annual income of $43,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,084 per month.

MINIMUM INCOME RANGE : $43,360

Income % Distribution
<$20K 26.7%
$20K-$35K 21.1%
$35K-$60K 20.0%
$60K-$100K 20.7%
>=$100K 11.6%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 10.9%
10-14 mins 13.1%
15-19 mins 18.3%
20-29 mins 19.9%
30-44 mins 21.5%
45-59 mins 7.5%
>60 mins 5.0%

NORTH CHICAGO Demographics

INDUSTRY

Industry % Distribution
Administrative Support 10.4%
Arts & Entertainment 14.3%
Educational Services 5.7%
Health Care & Social Assistance 12.8%
Manufacturing 16.1%
Retail & Wholesale Trader 16.8%
Other 24.0%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 40% is 24 or younger and 11% is 65 or older.

Age % Distribution
<15 22.8%
15-19 8.1%
20-24 9.1%
25-44 25.4%
45-65 23.5%
66+ 11.0%
OCCUPATION

Occupation % Distribution
Clean 11.7%
Education 6.9%
Healthcare 6.2%
Management, Business, & Financial 7.8%
Production & Transportation 25.1%
Sales & Office 23.1%
Other 19.3%
HIGHEST EDUCATION LEVEL

7% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 3.8%
High School 31.3%
Masters Degree 2.4%
Some College 23.0%
Some High School 29.9%
Other 9.6%

1604 Martin Luther King Jr Dr Comps

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1604 Martin Luther King Jr Dr, North Chicago, IL 60064 is a single family home of 1,073 sqft. HomeUnion INVESTimateĀ® for 1604 Martin Luther King Jr Dr includes a Price Estimate of $75,554 and a Rent Estimate of $1,084. This single family home has 3 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 17.22% and Total Return of 28.04%. The estimated 1 year forecast in home value for 1604 Martin Luther King Jr Dr 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

Nearest zipcodes within 2 miles

  1. 60099
  2. 60085
  3. 60044