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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

1830 E Offner Rd Beecher, IL 60401

0 Beds 0 Baths 2,267 sqft Built 2012
Last updated:  Jan 23, 2020

INVESTimate

$300,293

$286K - $315K

Price Est.

$1,742

$1.6K - $1.9K

Rent Est.

$312,905  ( +4.2%)   1 YR EST. FORECAST
  
  
  

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1830 E Offner Rd PROPERTY INFO

FACTS
  • Built In 2012
  • Price/Sqft : $132.46
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,267 sqft
  • Baths : 0 Full

1830 E Offner Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BALMORAL ELEMENTARY SCHOOL Primary Regular 487 28 4
CRETE-MONEE MIDDLE SCHOOL Middle Regular 685 49 3
CRETE-MONEE HIGH SCHOOL High Regular 1,669 77 3

BALMORAL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 487
  • # of teachers: 28
4
GreatSchools Rating

CRETE-MONEE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 685
  • # of teachers: 49
3
GreatSchools Rating

CRETE-MONEE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,669
  • # of teachers: 77
3
GreatSchools Rating
 

Financial Details

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Neighborhood

BEECHER

  • 7,791

    POPULATION
  • 3,072

    HOUSEHOLDS
  • 59.6%

    WHITE COLLAR

Neighborhood : BEECHER

HOUSEHOLDS
3,072
POPULATION

7,791

14.3%Renters
85.7%Home Owners
LABOR FORCE

 

59.6%White Collar
40.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,742 per month.

MY RENT : $1,742 MEDIAN RENT : $1,122

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.1%
$900-999 3.2%
$1,000-1,499 85.2%
>=$1,500 11.5%
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 $1,742 would therefore be considered affordable for annual household incomes greater than $69,680 (12 months x 3.333 x $1,742).

Rent % Affordability
Above $500 86.9%
Above $700 78.9%
Above $1,100 66.2%
Above $1,500 56.4%
Above $1,900 43.6%
HOUSEHOLD INCOME RANGE

Approximately 1,000 of households in this neighborhood have a total annual income of $69,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,742 per month.

MINIMUM INCOME RANGE : $69,680

Income % Distribution
<$20K 13.1%
$20K-$35K 14.3%
$35K-$60K 16.2%
$60K-$100K 34.2%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 5.9%
10-14 mins 5.3%
15-19 mins 8.5%
20-29 mins 20.6%
30-44 mins 31.3%
45-59 mins 12.6%
>60 mins 12.4%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 11% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,742 per month.

MY RENT : $1,742 MEDIAN RENT : $1,122

Rent % Distribution
$500-699 0.0%
$700-899 0.1%
$900-999 3.2%
$1,000-1,499 85.2%
>=$1,500 11.5%
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 $1,742 would therefore be considered affordable for annual household incomes greater than $69,680 (12 months x 3.333 x $1,742).

Rent % Affordability
Above $500 86.9%
Above $700 78.9%
Above $1,100 66.2%
Above $1,500 56.4%
Above $1,900 43.6%
HOUSEHOLD INCOME RANGE

Approximately 1,000 of households in this neighborhood have a total annual income of $69,680 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,742 per month.

MINIMUM INCOME RANGE : $69,680

Income % Distribution
<$20K 13.1%
$20K-$35K 14.3%
$35K-$60K 16.2%
$60K-$100K 34.2%
>=$100K 22.2%
COMMUTE TIME DISTRIBUTION

60% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 25% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.4%
5-9 mins 5.9%
10-14 mins 5.3%
15-19 mins 8.5%
20-29 mins 20.6%
30-44 mins 31.3%
45-59 mins 12.6%
>60 mins 12.4%

BEECHER Demographics

INDUSTRY

Industry % Distribution
Construction 8.1%
Educational Services 7.9%
Health Care & Social Assistance 14.9%
Manufacturing 11.8%
Retail & Wholesale Trader 21.4%
Transportation 7.3%
Other 28.6%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 27% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 15.8%
15-19 5.8%
20-24 5.3%
25-44 21.6%
45-65 31.3%
66+ 20.2%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.2%
Healthcare 8.9%
Management, Business, & Financial 12.0%
Natural Resources Maintenance 11.4%
Production & Transportation 18.2%
Sales & Office 32.5%
Other 12.8%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.4%
High School 36.8%
Masters Degree 3.5%
Some College 24.0%
Some High School 7.7%
Other 15.5%

1830 E Offner Rd Comps

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1830 E Offner Rd, Beecher, IL 60401 is a single family home of 2,267 sqft. HomeUnion INVESTimateĀ® for 1830 E Offner Rd includes a Price Estimate of $300,293 and a Rent Estimate of $1,742. This single family home has 0 bedrooms,0 bathrooms, and was built in 2012. This property has an estimated 15 year annualized Yield of 6.96% and Total Return of 12.00%. The estimated 1 year forecast in home value for 1830 E Offner Rd is 4.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , WILL County , or the 60401 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By List Price within 2 miles

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Nearest zipcodes within 2 miles

  1. 60417
  2. 60463