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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

2873 Granite Ct Prairie Grove, IL 60012

3 Beds 0 Baths 1,784 sqft Built 2002
Last updated:  Nov 28, 2019

INVESTimate

$172,845

$169K - $176K

Price Est.

$1,523

$1.4K - $1.6K

Rent Est.

$176,751  ( +2.26%)   1 YR EST. FORECAST
  
  
  

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2873 Granite Ct PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $96.89
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,784 sqft
  • Baths : 0 Full

2873 Granite Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH ELEMENTARY SCHOOL Primary Regular 644 45 NA
HANNAH BEARDSLEY MIDDLE SCHOOL Middle Regular 966 59 NA
PRAIRIE RIDGE HIGH SCHOOL High Regular 1,646 90 9

NORTH ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 644
  • # of teachers: 45
-1
GreatSchools Rating

HANNAH BEARDSLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 966
  • # of teachers: 59
-1
GreatSchools Rating

PRAIRIE RIDGE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,646
  • # of teachers: 90
9
GreatSchools Rating
 

Financial Details

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Neighborhood

CRYSTAL LAKE

  • 10,499

    POPULATION
  • 3,772

    HOUSEHOLDS
  • 74.2%

    WHITE COLLAR

Neighborhood : CRYSTAL LAKE

HOUSEHOLDS
3,772
POPULATION

10,499

15.2%Renters
84.8%Home Owners
LABOR FORCE

 

74.2%White Collar
25.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $2,052

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.4%
>=$1,500 88.5%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 94.5%
Above $700 91.6%
Above $1,100 85.8%
Above $1,500 76.4%
Above $1,900 67.0%
HOUSEHOLD INCOME RANGE

Approximately 2,404 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 5.5%
$20K-$35K 6.1%
$35K-$60K 12.0%
$60K-$100K 20.8%
>=$100K 55.6%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 17.0%
10-14 mins 13.4%
15-19 mins 12.8%
20-29 mins 12.6%
30-44 mins 12.6%
45-59 mins 10.1%
>60 mins 19.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 89% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,523 per month.

MY RENT : $1,523 MEDIAN RENT : $2,052

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 11.4%
>=$1,500 88.5%
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 $1,523 would therefore be considered affordable for annual household incomes greater than $60,920 (12 months x 3.333 x $1,523).

Rent % Affordability
Above $500 94.5%
Above $700 91.6%
Above $1,100 85.8%
Above $1,500 76.4%
Above $1,900 67.0%
HOUSEHOLD INCOME RANGE

Approximately 2,404 of households in this neighborhood have a total annual income of $60,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,523 per month.

MINIMUM INCOME RANGE : $60,920

Income % Distribution
<$20K 5.5%
$20K-$35K 6.1%
$35K-$60K 12.0%
$60K-$100K 20.8%
>=$100K 55.6%
COMMUTE TIME DISTRIBUTION

38% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 30% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.7%
5-9 mins 17.0%
10-14 mins 13.4%
15-19 mins 12.8%
20-29 mins 12.6%
30-44 mins 12.6%
45-59 mins 10.1%
>60 mins 19.9%

CRYSTAL LAKE Demographics

INDUSTRY

Industry % Distribution
Construction 8.7%
Educational Services 11.8%
Health Care & Social Assistance 11.8%
Manufacturing 11.9%
Professional & Scientific Tech Services 8.5%
Retail & Wholesale Trader 13.7%
Other 33.5%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 30% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 14.9%
15-19 8.5%
20-24 7.0%
25-44 17.6%
45-65 37.8%
66+ 14.1%
OCCUPATION

Occupation % Distribution
Computer Engineering 8.2%
Healthcare 8.6%
Management, Business, & Financial 23.6%
Natural Resources Maintenance 8.3%
Production & Transportation 7.0%
Sales & Office 26.2%
Other 18.2%
HIGHEST EDUCATION LEVEL

28% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.2%
High School 18.9%
Masters Degree 14.9%
Professional 4.3%
Some College 20.9%
Other 33.9%

2873 Granite Ct Comps

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2873 Granite Ct, Prairie Grove, IL 60012 is a single family home of 1,784 sqft. HomeUnion INVESTimateĀ® for 2873 Granite Ct includes a Price Estimate of $172,845 and a Rent Estimate of $1,523. This single family home has 3 bedrooms,0 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 10.57% and Total Return of 17.12%. The estimated 1 year forecast in home value for 2873 Granite Ct is 2.26%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MCHENRY County , or the 60012 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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