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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

200 Melinda Dr South Elgin, IL 60177

3 Beds 0 Baths 1,000 sqft Built 1960
Last updated:  Nov 28, 2019

INVESTimate

$179,828

$170K - $190K

Price Est.

$1,396

$1.3K - $1.5K

Rent Est.

$182,561  ( +1.52%)   1 YR EST. FORECAST
  
  
  

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200 Melinda Dr PROPERTY INFO

FACTS
  • Built In 1960
  • Price/Sqft : $179.83
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,000 sqft
  • Baths : 0 Full

200 Melinda Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WILLARD ELEMENTARY SCHOOL Primary Regular 387 18 7
KENYON WOODS MIDDLE SCHOOL Middle Regular 1,009 54 7
SOUTH ELGIN HIGH SCHOOL High Magnet 2,682 138 7

WILLARD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 387
  • # of teachers: 18
7
GreatSchools Rating

KENYON WOODS MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,009
  • # of teachers: 54
7
GreatSchools Rating

SOUTH ELGIN HIGH SCHOOL

  • Education Level: High
  • # of students: 2,682
  • # of teachers: 138
7
GreatSchools Rating
 

Financial Details

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Neighborhood

SOUTH ELGIN

  • 23,008

    POPULATION
  • 7,617

    HOUSEHOLDS
  • 71.4%

    WHITE COLLAR

Neighborhood : SOUTH ELGIN

HOUSEHOLDS
7,617
POPULATION

23,008

18.2%Renters
81.8%Home Owners
LABOR FORCE

 

71.4%White Collar
28.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,396 per month.

MY RENT : $1,396 MEDIAN RENT : $1,683

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.8%
>=$1,500 96.2%
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 $1,396 would therefore be considered affordable for annual household incomes greater than $55,840 (12 months x 3.333 x $1,396).

Rent % Affordability
Above $500 91.6%
Above $700 88.3%
Above $1,100 81.7%
Above $1,500 72.2%
Above $1,900 59.6%
HOUSEHOLD INCOME RANGE

Approximately 5,565 of households in this neighborhood have a total annual income of $55,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,396 per month.

MINIMUM INCOME RANGE : $55,840

Income % Distribution
<$20K 8.4%
$20K-$35K 6.4%
$35K-$60K 13.0%
$60K-$100K 27.3%
>=$100K 44.8%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 9.0%
10-14 mins 9.9%
15-19 mins 13.0%
20-29 mins 18.5%
30-44 mins 21.1%
45-59 mins 12.1%
>60 mins 14.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 97% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,396 per month.

MY RENT : $1,396 MEDIAN RENT : $1,683

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 3.8%
>=$1,500 96.2%
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 $1,396 would therefore be considered affordable for annual household incomes greater than $55,840 (12 months x 3.333 x $1,396).

Rent % Affordability
Above $500 91.6%
Above $700 88.3%
Above $1,100 81.7%
Above $1,500 72.2%
Above $1,900 59.6%
HOUSEHOLD INCOME RANGE

Approximately 5,565 of households in this neighborhood have a total annual income of $55,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,396 per month.

MINIMUM INCOME RANGE : $55,840

Income % Distribution
<$20K 8.4%
$20K-$35K 6.4%
$35K-$60K 13.0%
$60K-$100K 27.3%
>=$100K 44.8%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.9%
5-9 mins 9.0%
10-14 mins 9.9%
15-19 mins 13.0%
20-29 mins 18.5%
30-44 mins 21.1%
45-59 mins 12.1%
>60 mins 14.6%

SOUTH ELGIN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 6.7%
Construction 7.0%
Educational Services 8.6%
Health Care & Social Assistance 12.6%
Manufacturing 17.6%
Retail & Wholesale Trader 14.4%
Other 33.1%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 36% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 23.0%
15-19 7.6%
20-24 5.5%
25-44 24.6%
45-65 30.0%
66+ 9.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.1%
Healthcare 6.3%
Management, Business, & Financial 23.5%
Natural Resources Maintenance 7.6%
Production & Transportation 12.5%
Sales & Office 26.2%
Other 16.8%
HIGHEST EDUCATION LEVEL

20% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.0%
High School 24.9%
Masters Degree 9.2%
Some College 22.0%
Some High School 8.4%
Other 26.5%

200 Melinda Dr Comps

Sorry, we do not have sufficient data available.

200 Melinda Dr, South Elgin, IL 60177 is a single family home of 1,000 sqft. HomeUnion INVESTimateĀ® for 200 Melinda Dr includes a Price Estimate of $179,828 and a Rent Estimate of $1,396. This single family home has 3 bedrooms,0 bathrooms, and was built in 1960. This property has an estimated 15 year annualized Yield of 9.32% and Total Return of 13.01%. The estimated 1 year forecast in home value for 200 Melinda Dr is 1.52%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , KANE County , or the 60177 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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