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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

1840 Meadow Ln Bannockburn, IL 60015

0 Beds 3 Baths 3,673 sqft Built 1954
Last updated:  Jan 23, 2020

INVESTimate

$777,799

$743K - $812K

Price Est.

$3,807

$3.4K - $4.2K

Rent Est.

$788,377  ( +1.36%)   1 YR EST. FORECAST
  
  
  

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1840 Meadow Ln PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $211.76
CONSTRUCTION
  • Beds : 0
  • Floor Size : 3,673 sqft
  • Baths : 2 Full 1 Half

1840 Meadow Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BANNOCKBURN ELEMENTARY SCHOOL Primary Regular 168 18 9
BANNOCKBURN ELEMENTARY SCHOOL Middle Regular 168 18 9
DEERFIELD HIGH SCHOOL High Regular 1,645 111 10

BANNOCKBURN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 168
  • # of teachers: 18
9
GreatSchools Rating

BANNOCKBURN ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 168
  • # of teachers: 18
9
GreatSchools Rating

DEERFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 1,645
  • # of teachers: 111
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Bannockburn Park

  • 169

    POPULATION
  • 51

    HOUSEHOLDS
  • 83.6%

    WHITE COLLAR

Neighborhood : Bannockburn Park

HOUSEHOLDS
51
POPULATION

169

33.3%Renters
66.7%Home Owners
LABOR FORCE

 

83.6%White Collar
16.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,807 per month.

MY RENT : $3,807 MEDIAN RENT : $4,180

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $3,807 would therefore be considered affordable for annual household incomes greater than $152,280 (12 months x 3.333 x $3,807).

Rent % Affordability
Above $500 93.8%
Above $700 89.6%
Above $1,100 75.8%
Above $1,500 68.8%
Above $1,900 60.2%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $152,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,807 per month.

MINIMUM INCOME RANGE : $152,280

Income % Distribution
<$20K 6.2%
$20K-$35K 8.3%
$35K-$60K 16.7%
$60K-$100K 14.6%
>=$100K 54.2%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 49% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.9%
5-9 mins 25.4%
10-14 mins 15.9%
15-19 mins 7.9%
20-29 mins 20.6%
30-44 mins 9.5%
45-59 mins 6.3%
>60 mins 6.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,807 per month.

MY RENT : $3,807 MEDIAN RENT : $4,180

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $3,807 would therefore be considered affordable for annual household incomes greater than $152,280 (12 months x 3.333 x $3,807).

Rent % Affordability
Above $500 93.8%
Above $700 89.6%
Above $1,100 75.8%
Above $1,500 68.8%
Above $1,900 60.2%
HOUSEHOLD INCOME RANGE

Approximately 10 of households in this neighborhood have a total annual income of $152,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,807 per month.

MINIMUM INCOME RANGE : $152,280

Income % Distribution
<$20K 6.2%
$20K-$35K 8.3%
$35K-$60K 16.7%
$60K-$100K 14.6%
>=$100K 54.2%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 49% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 7.9%
5-9 mins 25.4%
10-14 mins 15.9%
15-19 mins 7.9%
20-29 mins 20.6%
30-44 mins 9.5%
45-59 mins 6.3%
>60 mins 6.3%

Bannockburn Park Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 9.5%
Educational Services 25.7%
Health Care & Social Assistance 8.1%
Manufacturing 6.8%
Professional & Scientific Tech Services 10.8%
Retail & Wholesale Trader 12.2%
Other 27.0%
AGE DISTRIBUTION

37% of the population is between the ages of 25 and 64, 54% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 12.4%
15-19 21.3%
20-24 20.1%
25-44 20.7%
45-65 16.6%
66+ 8.9%
OCCUPATION

Occupation % Distribution
Construction 2.8%
Healthcare 11.1%
Management, Business, & Financial 38.9%
Production & Transportation 5.6%
Sales & Office 33.3%
Social 2.8%
Other 5.6%
HIGHEST EDUCATION LEVEL

42% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.5%
High School 6.4%
Masters Degree 21.1%
Professional 12.8%
Some College 12.8%
Other 41.3%

1840 Meadow Ln Comps

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1840 Meadow Ln, Bannockburn, IL 60015 is a single family home of 3,673 sqft. HomeUnion INVESTimateĀ® for 1840 Meadow Ln includes a Price Estimate of $777,799 and a Rent Estimate of $3,807. This single family home has 0 bedrooms,3 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 5.87% and Total Return of 8.33%. The estimated 1 year forecast in home value for 1840 Meadow Ln is 1.36%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60015 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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