Financial Details2127 Lewis Ave PROPERTY INFO
FACTS
- Built In 2004
- Price/Sqft : $102.18
CONSTRUCTION
- Beds : 0
- Floor Size : 1,092 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
2127 Lewis Ave, North Chicago, IL 60064 is a single family home of 1,092 sqft. HomeUnion estimate for 2127 Lewis Ave includes a Price Estimate of $111,585 and a Rent Estimate of $1,111. This single family home has 0 bedrooms, 1 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 11.95% and Total Return of 26.86%. The estimated 1 year forecast in home value for 2127 Lewis Ave is 7.63%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2127 Lewis Ave SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
NORTH CHICAGO
Neighborhood : NORTH CHICAGO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 72% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,111 per month.
MY RENT : $1,111 MEDIAN RENT : $1,297
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 $1,111 would therefore be considered affordable for annual household incomes greater than $44,440 (12 months x 3.333 x $1,111).
HOUSEHOLD INCOME RANGE
Approximately 1,875 of households in this neighborhood have a total annual income of $44,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,111 per month.
MINIMUM INCOME RANGE : $44,440
COMMUTE TIME DISTRIBUTION
57% of the working population has a commute time of 15 to 44 minutes, 31% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.
NORTH CHICAGO Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 11.3% |
| Arts & Entertainment | 14.3% |
| Construction | 5.7% |
| Health Care & Social Assistance | 12.5% |
| Manufacturing | 16.1% |
| Retail & Wholesale Trader | 15.4% |
| Other | 24.8% |
AGE DISTRIBUTION
47% of the population is between the ages of 25 and 64, 43% is 24 or younger and 10% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 24.4% |
| 15-19 | 8.9% |
| 20-24 | 9.6% |
| 25-44 | 25.1% |
| 45-65 | 22.4% |
| 66+ | 9.6% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 11.3% |
| Education | 7.1% |
| Management, Business, & Financial | 8.5% |
| Natural Resources Maintenance | 5.9% |
| Production & Transportation | 24.4% |
| Sales & Office | 23.1% |
| Other | 19.7% |
HIGHEST EDUCATION LEVEL
7% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 4.1% |
| High School | 32.1% |
| Masters Degree | 2.2% |
| Some College | 22.5% |
| Some High School | 30.4% |
| Other | 8.7% |
2127 Lewis Ave Comps
Sorry, we do not have sufficient data available.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60064 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
