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20775 N Raphael Ave PROPERTY INFO
FACTS
- Built In 1977
- Price/Sqft : $231.21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,188 sqft
- Baths : 2 Full
20775 N Raphael Ave SCHOOLS
Financial Details
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Horatio Gardens
Neighborhood : Horatio Gardens
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 $1,833 per month.
MY RENT : $1,833 MEDIAN RENT : $1,864
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 $1,833 would therefore be considered affordable for annual household incomes greater than $73,320 (12 months x 3.333 x $1,833).
HOUSEHOLD INCOME RANGE
Approximately 213 of households in this neighborhood have a total annual income of $73,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,833 per month.
MINIMUM INCOME RANGE : $73,320
COMMUTE TIME DISTRIBUTION
72% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 8% has a commute time of 45 minutes or longer.
Horatio Gardens Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 6.9% |
| Educational Services | 6.7% |
| Health Care & Social Assistance | 12.4% |
| Manufacturing | 11.3% |
| Professional & Scientific Tech Services | 11.8% |
| Retail & Wholesale Trader | 21.1% |
| Other | 29.8% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 34% is 24 or younger and 9% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 19.5% |
| 15-19 | 6.4% |
| 20-24 | 8.4% |
| 25-44 | 26.3% |
| 45-65 | 30.5% |
| 66+ | 9.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 13.2% |
| Healthcare | 7.1% |
| Management, Business, & Financial | 33.1% |
| Natural Resources Maintenance | 6.6% |
| Production & Transportation | 8.5% |
| Sales & Office | 23.3% |
| Other | 8.1% |
HIGHEST EDUCATION LEVEL
31% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 6.0% |
| High School | 14.7% |
| Masters Degree | 22.8% |
| Some College | 14.3% |
| Some High School | 2.8% |
| Other | 39.3% |
20775 N Raphael Ave Comps
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20775 N Raphael Ave, Prairie View, IL 60069 is a single family home of 1,188 sqft. HomeUnion INVESTimateĀ® for 20775 N Raphael Ave includes a Price Estimate of $274,676 and a Rent Estimate of $1,833. This single family home has 3 bedrooms,2 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 8.01% and Total Return of 9.56%. The estimated 1 year forecast in home value for 20775 N Raphael Ave is -1.35%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60069 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
