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2515 24th Pl PROPERTY INFO
FACTS
- Built In 1985
- Price/Sqft : $48.05
CONSTRUCTION
- Beds : 4
- Floor Size : 2,352 sqft
- Baths : 2 Full 1 Half
2515 24th Pl SCHOOLS
Financial Details
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Lake View Estates
Neighborhood : Lake View Estates
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 2% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,488 per month.
MY RENT : $1,488 MEDIAN RENT : $1,282
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 $1,488 would therefore be considered affordable for annual household incomes greater than $59,520 (12 months x 3.333 x $1,488).
HOUSEHOLD INCOME RANGE
Approximately 27 of households in this neighborhood have a total annual income of $59,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,488 per month.
MINIMUM INCOME RANGE : $59,520
COMMUTE TIME DISTRIBUTION
56% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.
Lake View Estates Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Arts & Entertainment | 9.1% |
| Construction | 7.6% |
| Health Care & Social Assistance | 22.7% |
| Manufacturing | 24.2% |
| Retail & Wholesale Trader | 10.6% |
| Transportation | 6.1% |
| Other | 19.7% |
AGE DISTRIBUTION
51% of the population is between the ages of 25 and 64, 40% is 24 or younger and 10% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 20.9% |
| 15-19 | 7.6% |
| 20-24 | 11.0% |
| 25-44 | 23.8% |
| 45-65 | 26.7% |
| 66+ | 9.9% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Education | 14.3% |
| Healthcare | 10.2% |
| Management, Business, & Financial | 6.1% |
| PCare | 6.1% |
| Production & Transportation | 24.5% |
| Sales & Office | 24.5% |
| Other | 14.3% |
HIGHEST EDUCATION LEVEL
4% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 2.9% |
| High School | 51.0% |
| Masters Degree | 1.0% |
| Some College | 21.2% |
| Some High School | 14.4% |
| Other | 9.6% |
2515 24th Pl Comps
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2515 24th Pl, North Chicago, IL 60064 is a single family home of 2,352 sqft. HomeUnion INVESTimateĀ® for 2515 24th Pl includes a Price Estimate of $113,014 and a Rent Estimate of $1,488. This single family home has 4 bedrooms,3 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 15.80% and Total Return of 28.24%. The estimated 1 year forecast in home value for 2515 24th Pl is 7.63%.
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
