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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

275 N 2700e Rd Rankin, IL 60960

0 Beds 0 Baths 616 sqft Built 1900
Last updated:  Nov 28, 2019

INVESTimate

$123,989

$116K - $132K

Price Est.

$786

671 - 901

Rent Est.

$123,989  ( 0%)   1 YR EST. FORECAST
  
  
  

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275 N 2700e Rd PROPERTY INFO

FACTS
  • Built In 1900
  • Price/Sqft : $201.28
CONSTRUCTION
  • Beds : 0
  • Floor Size : 616 sqft
  • Baths : 0 Full

275 N 2700e Rd SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HERITAGE ELEMENTARY SCHOOL Primary Regular 238 17 5
HERITAGE JR HIGH SCHOOL Middle Regular 114 8 6
HERITAGE HIGH SCHOOL High Regular 155 15 6

HERITAGE ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 238
  • # of teachers: 17
5
GreatSchools Rating

HERITAGE JR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 114
  • # of teachers: 8
6
GreatSchools Rating

HERITAGE HIGH SCHOOL

  • Education Level: High
  • # of students: 155
  • # of teachers: 15
6
GreatSchools Rating
 

Financial Details

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Neighborhood

RANKIN

  • 1,044

    POPULATION
  • 385

    HOUSEHOLDS
  • 48.0%

    WHITE COLLAR

Neighborhood : RANKIN

HOUSEHOLDS
385
POPULATION

1,044

20.2%Renters
79.8%Home Owners
LABOR FORCE

 

48.0%White Collar
52.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $786 per month.

MY RENT : $786 MEDIAN RENT : $858

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 77.4%
$900-999 9.2%
$1,000-1,499 12.4%
>=$1,500 1.1%
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 $786 would therefore be considered affordable for annual household incomes greater than $31,440 (12 months x 3.333 x $786).

Rent % Affordability
Above $500 83.6%
Above $700 76.5%
Above $1,100 58.7%
Above $1,500 42.9%
Above $1,900 28.1%
HOUSEHOLD INCOME RANGE

Approximately 735 of households in this neighborhood have a total annual income of $31,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $786 per month.

MINIMUM INCOME RANGE : $31,440

Income % Distribution
<$20K 16.4%
$20K-$35K 13.2%
$35K-$60K 27.5%
$60K-$100K 26.5%
>=$100K 16.4%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.7%
5-9 mins 10.8%
10-14 mins 10.8%
15-19 mins 13.4%
20-29 mins 10.1%
30-44 mins 19.8%
45-59 mins 15.1%
>60 mins 7.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 67% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $786 per month.

MY RENT : $786 MEDIAN RENT : $858

Rent % Distribution
$500-699 0.0%
$700-899 77.4%
$900-999 9.2%
$1,000-1,499 12.4%
>=$1,500 1.1%
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 $786 would therefore be considered affordable for annual household incomes greater than $31,440 (12 months x 3.333 x $786).

Rent % Affordability
Above $500 83.6%
Above $700 76.5%
Above $1,100 58.7%
Above $1,500 42.9%
Above $1,900 28.1%
HOUSEHOLD INCOME RANGE

Approximately 735 of households in this neighborhood have a total annual income of $31,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $786 per month.

MINIMUM INCOME RANGE : $31,440

Income % Distribution
<$20K 16.4%
$20K-$35K 13.2%
$35K-$60K 27.5%
$60K-$100K 26.5%
>=$100K 16.4%
COMMUTE TIME DISTRIBUTION

43% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 12.7%
5-9 mins 10.8%
10-14 mins 10.8%
15-19 mins 13.4%
20-29 mins 10.1%
30-44 mins 19.8%
45-59 mins 15.1%
>60 mins 7.3%

RANKIN Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 15.5%
Educational Services 5.8%
Health Care & Social Assistance 10.5%
Manufacturing 16.3%
Retail & Wholesale Trader 17.8%
Transportation 7.5%
Other 26.5%
AGE DISTRIBUTION

49% of the population is between the ages of 25 and 64, 35% is 24 or younger and 16% is 65 or older.

Age % Distribution
<15 18.1%
15-19 9.6%
20-24 7.1%
25-44 17.3%
45-65 32.1%
66+ 15.8%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.2%
Healthcare 6.7%
Management, Business, & Financial 14.5%
Natural Resources Maintenance 20.9%
Production & Transportation 23.8%
Sales & Office 17.7%
Other 11.3%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.7%
High School 39.1%
Masters Degree 2.3%
Some College 21.6%
Some High School 17.2%
Other 11.1%

275 N 2700e Rd Comps

Sorry, we do not have sufficient data available.

275 N 2700e Rd, Rankin, IL 60960 is a single family home of 616 sqft. HomeUnion INVESTimateĀ® for 275 N 2700e Rd includes a Price Estimate of $123,989 and a Rent Estimate of $786. This single family home has 0 bedrooms,0 bathrooms, and was built in 1900. This property has an estimated 15 year annualized Yield of 7.61% and Total Return of 5.29%. The estimated 1 year forecast in home value for 275 N 2700e Rd is 0%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CHAMPAIGN County , or the 60960 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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