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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

18531 W Old Gages Lake Rd Gages Lake, IL 60030

3 Beds 1 Baths 1,024 sqft Built 1953
Last updated:  Jan 23, 2020

INVESTimate

$173,870

$166K - $182K

Price Est.

$1,339

$1.3K - $1.4K

Rent Est.

$180,251  ( +3.67%)   1 YR EST. FORECAST
  
  
  

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18531 W Old Gages Lake Rd PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $169.79
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,024 sqft
  • Baths : 1 Full

18531 W Old Gages Lake Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WOODLAND ELEMENTARY EAST SCHOOL Primary Regular 2,034 143 6
WOODLAND MIDDLE SCHOOL Middle Regular 2,336 148 6
WARREN TOWNSHIP HIGH SCHOOL High Regular 4,442 251 8

WOODLAND ELEMENTARY EAST SCHOOL

  • Education Level: Primary
  • # of students: 2,034
  • # of teachers: 143
6
GreatSchools Rating

WOODLAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 2,336
  • # of teachers: 148
6
GreatSchools Rating

WARREN TOWNSHIP HIGH SCHOOL

  • Education Level: High
  • # of students: 4,442
  • # of teachers: 251
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Allen Farm

  • 184

    POPULATION
  • 61

    HOUSEHOLDS
  • 55.0%

    WHITE COLLAR

Neighborhood : Allen Farm

HOUSEHOLDS
61
POPULATION

184

34.8%Renters
65.2%Home Owners
LABOR FORCE

 

55.0%White Collar
45.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,339 per month.

MY RENT : $1,339 MEDIAN RENT : $1,324

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.1%
$1,000-1,499 59.5%
>=$1,500 36.5%
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 $1,339 would therefore be considered affordable for annual household incomes greater than $53,560 (12 months x 3.333 x $1,339).

Rent % Affordability
Above $500 93.8%
Above $700 79.7%
Above $1,100 66.6%
Above $1,500 51.6%
Above $1,900 38.6%
HOUSEHOLD INCOME RANGE

Approximately 34 of households in this neighborhood have a total annual income of $53,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,339 per month.

MINIMUM INCOME RANGE : $53,560

Income % Distribution
<$20K 6.2%
$20K-$35K 21.9%
$35K-$60K 20.3%
$60K-$100K 25.0%
>=$100K 26.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.5%
10-14 mins 7.5%
15-19 mins 8.8%
20-29 mins 16.2%
30-44 mins 36.2%
45-59 mins 5.0%
>60 mins 13.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 56% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,339 per month.

MY RENT : $1,339 MEDIAN RENT : $1,324

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.1%
$1,000-1,499 59.5%
>=$1,500 36.5%
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 $1,339 would therefore be considered affordable for annual household incomes greater than $53,560 (12 months x 3.333 x $1,339).

Rent % Affordability
Above $500 93.8%
Above $700 79.7%
Above $1,100 66.6%
Above $1,500 51.6%
Above $1,900 38.6%
HOUSEHOLD INCOME RANGE

Approximately 34 of households in this neighborhood have a total annual income of $53,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,339 per month.

MINIMUM INCOME RANGE : $53,560

Income % Distribution
<$20K 6.2%
$20K-$35K 21.9%
$35K-$60K 20.3%
$60K-$100K 25.0%
>=$100K 26.6%
COMMUTE TIME DISTRIBUTION

61% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.5%
10-14 mins 7.5%
15-19 mins 8.8%
20-29 mins 16.2%
30-44 mins 36.2%
45-59 mins 5.0%
>60 mins 13.8%

Allen Farm Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.7%
Arts & Entertainment 14.3%
Construction 15.4%
Health Care & Social Assistance 8.8%
Manufacturing 14.3%
Retail & Wholesale Trader 13.2%
Other 26.4%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 36% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 19.0%
15-19 7.1%
20-24 10.3%
25-44 21.7%
45-65 34.2%
66+ 7.6%
OCCUPATION

Occupation % Distribution
Clean 7.7%
Healthcare 7.7%
Management, Business, & Financial 15.4%
Natural Resources Maintenance 13.8%
Production & Transportation 12.3%
Sales & Office 21.5%
Other 21.5%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 35.7%
Masters Degree 6.2%
Some College 25.9%
Some High School 10.7%
Other 13.4%

18531 W Old Gages Lake Rd Comps

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18531 W Old Gages Lake Rd, Gages Lake, IL 60030 is a single family home of 1,024 sqft. HomeUnion INVESTimateĀ® for 18531 W Old Gages Lake Rd includes a Price Estimate of $173,870 and a Rent Estimate of $1,339. This single family home has 3 bedrooms,1 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 9.24% and Total Return of 21.43%. The estimated 1 year forecast in home value for 18531 W Old Gages Lake Rd is 3.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60030 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 60031
  2. 60046
  3. 60048