Financial Details2240 Kemble Ave PROPERTY INFO
FACTS
- Built In 1997
- Price/Sqft : $78.87
CONSTRUCTION
- Beds : 0
- Floor Size : 1,008 sqft
- Baths : 1 Full
PROPERTY DESCRIPTION
2240 Kemble Ave, North Chicago, IL 60064 is a single family home of 1,008 sqft. HomeUnion estimate for 2240 Kemble Ave includes a Price Estimate of $79,497 and a Rent Estimate of $1,339. This single family home has 0 bedrooms, 1 bathrooms, and was built in 1997. This property has an estimated 15 year annualized Yield of 20.21% and Total Return of 37.41%. The estimated 1 year forecast in home value for 2240 Kemble Ave is 7.63%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2240 Kemble Ave SCHOOLS
Financial Details
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NORTH CHICAGO
Neighborhood : NORTH CHICAGO
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 32% 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 : $1,293
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).
HOUSEHOLD INCOME RANGE
Approximately 1,803 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
COMMUTE TIME DISTRIBUTION
60% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 12% has a commute time of 45 minutes or longer.
NORTH CHICAGO Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 10.4% |
| Arts & Entertainment | 14.3% |
| Educational Services | 5.7% |
| Health Care & Social Assistance | 12.8% |
| Manufacturing | 16.1% |
| Retail & Wholesale Trader | 16.8% |
| Other | 24.0% |
AGE DISTRIBUTION
49% of the population is between the ages of 25 and 64, 40% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 22.8% |
| 15-19 | 8.1% |
| 20-24 | 9.1% |
| 25-44 | 25.4% |
| 45-65 | 23.5% |
| 66+ | 11.0% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Clean | 11.7% |
| Education | 6.9% |
| Healthcare | 6.2% |
| Management, Business, & Financial | 7.8% |
| Production & Transportation | 25.1% |
| Sales & Office | 23.1% |
| Other | 19.3% |
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 | 3.8% |
| High School | 31.3% |
| Masters Degree | 2.4% |
| Some College | 23.0% |
| Some High School | 29.9% |
| Other | 9.6% |
2240 Kemble Ave Comps
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