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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

2515 24th Pl North Chicago, IL 60064

4 Beds 3 Baths 2,352 sqft Built 1985
Last updated:  Jan 23, 2020

INVESTimate

$113,014

$109K - $117K

Price Est.

$1,488

$1.2K - $1.7K

Rent Est.

$121,637  ( +7.63%)   1 YR EST. FORECAST
  
  
  

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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

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH CHICAGO COMMUNITY HIGH SCHOOL High Regular 770 55 1

NORTH CHICAGO COMMUNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 770
  • # of teachers: 55
1
GreatSchools Rating
 

Financial Details

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Neighborhood

Lake View Estates

  • 172

    POPULATION
  • 69

    HOUSEHOLDS
  • 43.4%

    WHITE COLLAR

Neighborhood : Lake View Estates

HOUSEHOLDS
69
POPULATION

172

48.7%Renters
51.3%Home Owners
LABOR FORCE

 

43.4%White Collar
56.6%Blue Collar
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

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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).

Rent % Affordability
Above $500 72.3%
Above $700 67.7%
Above $1,100 44.9%
Above $1,500 41.5%
Above $1,900 31.4%
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

Income % Distribution
<$20K 27.7%
$20K-$35K 20.0%
$35K-$60K 10.8%
$60K-$100K 30.8%
>=$100K 10.8%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.7%
10-14 mins 18.5%
15-19 mins 13.0%
20-29 mins 14.8%
30-44 mins 27.8%
45-59 mins 7.4%
>60 mins 1.9%
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

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 100.0%
>=$1,500 0.0%
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).

Rent % Affordability
Above $500 72.3%
Above $700 67.7%
Above $1,100 44.9%
Above $1,500 41.5%
Above $1,900 31.4%
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

Income % Distribution
<$20K 27.7%
$20K-$35K 20.0%
$35K-$60K 10.8%
$60K-$100K 30.8%
>=$100K 10.8%
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.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 16.7%
10-14 mins 18.5%
15-19 mins 13.0%
20-29 mins 14.8%
30-44 mins 27.8%
45-59 mins 7.4%
>60 mins 1.9%

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

Sorry, we do not have sufficient data available.

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

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Nearest zipcodes within 2 miles

  1. 60099
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  3. 60085