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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

18603 W Old Gages Lake Rd Gages Lake, IL 60030

0 Beds 1 Baths 832 sqft Built 1923
Last updated:  Jan 23, 2020

INVESTimate

$138,713

$132K - $145K

Price Est.

$1,080

$1.0K - $1.1K

Rent Est.

$143,804  ( +3.67%)   1 YR EST. FORECAST
  
  
  

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18603 W Old Gages Lake Rd PROPERTY INFO

FACTS
  • Built In 1923
  • Price/Sqft : $166.72
CONSTRUCTION
  • Beds : 0
  • Floor Size : 832 sqft
  • Baths : 1 Full

18603 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

Deckers Gages Lake

  • 250

    POPULATION
  • 102

    HOUSEHOLDS
  • 55.1%

    WHITE COLLAR

Neighborhood : Deckers Gages Lake

HOUSEHOLDS
102
POPULATION

250

34.6%Renters
65.4%Home Owners
LABOR FORCE

 

55.1%White Collar
44.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,080 per month.

MY RENT : $1,080 MEDIAN RENT : $1,350

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.0%
$1,000-1,499 54.4%
>=$1,500 41.6%
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 $1,080 would therefore be considered affordable for annual household incomes greater than $43,200 (12 months x 3.333 x $1,080).

Rent % Affordability
Above $500 94.1%
Above $700 80.4%
Above $1,100 67.3%
Above $1,500 51.5%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $43,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,080 per month.

MINIMUM INCOME RANGE : $43,200

Income % Distribution
<$20K 5.9%
$20K-$35K 21.8%
$35K-$60K 20.8%
$60K-$100K 26.7%
>=$100K 24.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.2%
10-14 mins 6.5%
15-19 mins 8.9%
20-29 mins 17.1%
30-44 mins 35.8%
45-59 mins 5.7%
>60 mins 13.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 87% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,080 per month.

MY RENT : $1,080 MEDIAN RENT : $1,350

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.0%
$1,000-1,499 54.4%
>=$1,500 41.6%
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 $1,080 would therefore be considered affordable for annual household incomes greater than $43,200 (12 months x 3.333 x $1,080).

Rent % Affordability
Above $500 94.1%
Above $700 80.4%
Above $1,100 67.3%
Above $1,500 51.5%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $43,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,080 per month.

MINIMUM INCOME RANGE : $43,200

Income % Distribution
<$20K 5.9%
$20K-$35K 21.8%
$35K-$60K 20.8%
$60K-$100K 26.7%
>=$100K 24.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.2%
10-14 mins 6.5%
15-19 mins 8.9%
20-29 mins 17.1%
30-44 mins 35.8%
45-59 mins 5.7%
>60 mins 13.8%

Deckers Gages Lake Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.4%
Arts & Entertainment 13.9%
Construction 15.6%
Health Care & Social Assistance 8.2%
Manufacturing 13.9%
Retail & Wholesale Trader 13.9%
Other 27.0%
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 18.8%
15-19 6.8%
20-24 10.4%
25-44 21.6%
45-65 34.8%
66+ 7.6%
OCCUPATION

Occupation % Distribution
Clean 8.0%
Healthcare 8.0%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 13.8%
Production & Transportation 11.5%
Sales & Office 23.0%
Other 19.5%
HIGHEST EDUCATION LEVEL

18% 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 34.9%
Masters Degree 6.3%
Some College 25.7%
Some High School 10.9%
Other 14.3%

18603 W Old Gages Lake Rd Comps

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18603 W Old Gages Lake Rd, Gages Lake, IL 60030 is a single family home of 832 sqft. HomeUnion INVESTimate¬ģ for 18603 W Old Gages Lake Rd includes a Price Estimate of $138,713 and a Rent Estimate of $1,080. This single family home has 0 bedrooms,1 bathrooms, and was built in 1923. This property has an estimated 15 year annualized Yield of 9.34% and Total Return of 21.40%. The estimated 1 year forecast in home value for 18603 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

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