Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

1643 Lewis Ave North Chicago, IL 60064

0 Beds 1 Baths 768 sqft Built 1940
Last updated:  Jan 23, 2020

INVESTimate

$79,130

$76.6K - $81.7K

Price Est.

$1,029

922 - $1.1K

Rent Est.

$85,168  ( +7.63%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 1927 MACONDRAY DRIVE Humble, TX
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2009 ∙ 1units
    AVAILABLE
    • 19.65% GROSS YIELD
    • $7,394 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $95,900
    • $31,164
    • $1,570
  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 4338 KENMORE ROAD Indianapolis, IN
    • 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 ∙ 1units 4 beds 2 baths ∙ 1,300 Sqft ∙ Built 1959 ∙ 1units
    AVAILABLE
    • 14.13% GROSS YIELD
    • $6,112 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,000
    • $26,685
    • $930
  • 2801 Snapfinger MANOR Decatur, GA
    • 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003 4 beds 3 baths ∙ 1,368 Sqft ∙ Built 2003
    AVAILABLE
    • 14.03% GROSS YIELD
    • $8,209 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $124,000
    • $38,610
    • $1,450

1643 Lewis Ave PROPERTY INFO

FACTS
  • Built In 1940
  • Price/Sqft : $103.03
CONSTRUCTION
  • Beds : 0
  • Floor Size : 768 sqft
  • Baths : 1 Full

1643 Lewis 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

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
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 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,029 per month.

MY RENT : $1,029 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 $1,029 would therefore be considered affordable for annual household incomes greater than $41,160 (12 months x 3.333 x $1,029).

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 296 of households in this neighborhood have a total annual income of $41,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,029 per month.

MINIMUM INCOME RANGE : $41,160

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 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,029 per month.

MY RENT : $1,029 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 $1,029 would therefore be considered affordable for annual household incomes greater than $41,160 (12 months x 3.333 x $1,029).

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 296 of households in this neighborhood have a total annual income of $41,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,029 per month.

MINIMUM INCOME RANGE : $41,160

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%

1643 Lewis Ave Comps

Sorry, we do not have sufficient data available.

1643 Lewis Ave, North Chicago, IL 60064 is a single family home of 768 sqft. HomeUnion INVESTimateĀ® for 1643 Lewis Ave includes a Price Estimate of $79,130 and a Rent Estimate of $1,029. This single family home has 0 bedrooms,1 bathrooms, and was built in 1940. This property has an estimated 15 year annualized Yield of 15.60% and Total Return of 25.75%. The estimated 1 year forecast in home value for 1643 Lewis 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

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 60085
  2. 60099
  3. 60044