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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

2940 21st St North Chicago, IL 60064

0 Beds 2 Baths 1,080 sqft Built 1965
Last updated:  Jan 23, 2020

INVESTimate

$111,514

$106K - $117K

Price Est.

$1,519

$1.4K - $1.7K

Rent Est.

$120,023  ( +7.63%)   1 YR EST. FORECAST
  
  
  

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2940 21st St PROPERTY INFO

FACTS
  • Built In 1965
  • Price/Sqft : $103.25
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,080 sqft
  • Baths : 1 Full 1 Half

2940 21st St 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

Shore Woods

  • 465

    POPULATION
  • 119

    HOUSEHOLDS
  • 31.7%

    WHITE COLLAR

Neighborhood : Shore Woods

HOUSEHOLDS
119
POPULATION

465

17.8%Renters
82.2%Home Owners
LABOR FORCE

 

31.7%White Collar
68.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

MY RENT : $1,519 MEDIAN RENT : $1,210

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.7%
$1,000-1,499 99.3%
>=$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 $1,519 would therefore be considered affordable for annual household incomes greater than $60,760 (12 months x 3.333 x $1,519).

Rent % Affordability
Above $500 90.0%
Above $700 84.0%
Above $1,100 63.7%
Above $1,500 57.5%
Above $1,900 31.9%
HOUSEHOLD INCOME RANGE

Approximately 40 of households in this neighborhood have a total annual income of $60,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,519 per month.

MINIMUM INCOME RANGE : $60,760

Income % Distribution
<$20K 10.0%
$20K-$35K 9.2%
$35K-$60K 23.3%
$60K-$100K 39.2%
>=$100K 18.3%
COMMUTE TIME DISTRIBUTION

55% of the working population has a commute time of 15 to 44 minutes, 39% has a commute time of 14 minutes or less and 6% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 5.5%
5-9 mins 16.6%
10-14 mins 17.1%
15-19 mins 18.8%
20-29 mins 14.4%
30-44 mins 21.5%
45-59 mins 2.2%
>60 mins 3.9%

Shore Woods Demographics

INDUSTRY

Industry % Distribution
Administrative Support 13.1%
Arts & Entertainment 11.7%
Educational Services 9.2%
Manufacturing 9.2%
Public Administration 8.7%
Retail & Wholesale Trader 14.6%
Other 33.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 44% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 23.9%
15-19 8.8%
20-24 11.4%
25-44 19.6%
45-65 26.9%
66+ 9.5%
OCCUPATION

Occupation % Distribution
Clean 14.7%
Education 9.1%
Management, Business, & Financial 14.0%
PCare 14.7%
Production & Transportation 20.3%
Sales & Office 9.1%
Other 18.2%
HIGHEST EDUCATION LEVEL

9% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 2.7%
High School 31.3%
Masters Degree 4.6%
Some College 18.5%
Some High School 31.7%
Other 11.2%

2940 21st St Comps

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2940 21st St, North Chicago, IL 60064 is a single family home of 1,080 sqft. HomeUnion INVESTimateĀ® for 2940 21st St includes a Price Estimate of $111,514 and a Rent Estimate of $1,519. This single family home has 0 bedrooms,2 bathrooms, and was built in 1965. This property has an estimated 15 year annualized Yield of 16.35% and Total Return of 35.52%. The estimated 1 year forecast in home value for 2940 21st St 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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