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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

2949 Adams Ave East Carondelet, IL 62240

0 Beds 0 Baths 625 sqft Built 1958
Last updated:  Jan 23, 2020

INVESTimate

$154,382

$147K - $162K

Price Est.

$521

483 - 559

Rent Est.

$158,983  ( +2.98%)   1 YR EST. FORECAST
  
  
  

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2949 Adams Ave PROPERTY INFO

FACTS
  • Built In 1958
  • Price/Sqft : $247.01
CONSTRUCTION
  • Beds : 0
  • Floor Size : 625 sqft
  • Baths : 0 Full

2949 Adams Ave SCHOOLS

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Financial Details

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Neighborhood

East Carondelet

  • 1,471

    POPULATION
  • 480

    HOUSEHOLDS
  • 40.1%

    WHITE COLLAR

Neighborhood : East Carondelet

HOUSEHOLDS
480
POPULATION

1,471

24.5%Renters
75.5%Home Owners
LABOR FORCE

 

40.1%White Collar
59.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $521 per month.

MY RENT : $521 MEDIAN RENT : $638

Rent % Distribution LEVEL
$500-699 75.9%
$700-899 20.1%
$900-999 3.5%
$1,000-1,499 0.5%
>=$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 $521 would therefore be considered affordable for annual household incomes greater than $20,840 (12 months x 3.333 x $521).

Rent % Affordability
Above $500 86.1%
Above $700 74.1%
Above $1,100 48.1%
Above $1,500 35.4%
Above $1,900 12.7%
HOUSEHOLD INCOME RANGE

Approximately 1,072 of households in this neighborhood have a total annual income of $20,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $521 per month.

MINIMUM INCOME RANGE : $20,840

Income % Distribution
<$20K 13.9%
$20K-$35K 16.1%
$35K-$60K 34.6%
$60K-$100K 26.7%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 3.9%
10-14 mins 15.8%
15-19 mins 15.0%
20-29 mins 31.6%
30-44 mins 25.6%
45-59 mins 5.0%
>60 mins 1.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 92% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $521 per month.

MY RENT : $521 MEDIAN RENT : $638

Rent % Distribution
$500-699 75.9%
$700-899 20.1%
$900-999 3.5%
$1,000-1,499 0.5%
>=$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 $521 would therefore be considered affordable for annual household incomes greater than $20,840 (12 months x 3.333 x $521).

Rent % Affordability
Above $500 86.1%
Above $700 74.1%
Above $1,100 48.1%
Above $1,500 35.4%
Above $1,900 12.7%
HOUSEHOLD INCOME RANGE

Approximately 1,072 of households in this neighborhood have a total annual income of $20,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $521 per month.

MINIMUM INCOME RANGE : $20,840

Income % Distribution
<$20K 13.9%
$20K-$35K 16.1%
$35K-$60K 34.6%
$60K-$100K 26.7%
>=$100K 8.7%
COMMUTE TIME DISTRIBUTION

72% of the working population has a commute time of 15 to 44 minutes, 21% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.6%
5-9 mins 3.9%
10-14 mins 15.8%
15-19 mins 15.0%
20-29 mins 31.6%
30-44 mins 25.6%
45-59 mins 5.0%
>60 mins 1.5%

East Carondelet Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 17.3%
Educational Services 13.0%
Health Care & Social Assistance 12.2%
Manufacturing 7.7%
Professional & Scientific Tech Services 6.5%
Retail & Wholesale Trader 26.2%
Other 17.0%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 34% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 14.1%
15-19 13.8%
20-24 6.1%
25-44 24.9%
45-65 32.2%
66+ 9.0%
OCCUPATION

Occupation % Distribution
Computer Engineering 4.7%
Healthcare 5.8%
Management, Business, & Financial 4.9%
Natural Resources Maintenance 11.5%
Production & Transportation 26.4%
Sales & Office 36.7%
Other 9.9%
HIGHEST EDUCATION LEVEL

5% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.5%
High School 43.7%
Masters Degree 0.5%
Some College 32.9%
Some High School 15.6%
Other 2.9%

2949 Adams Ave Comps

Sorry, we do not have sufficient data available.

2949 Adams Ave, East Carondelet, IL 62240 is a single family home of 625 sqft. HomeUnion INVESTimateĀ® for 2949 Adams Ave includes a Price Estimate of $154,382 and a Rent Estimate of $521. This single family home has 0 bedrooms,0 bathrooms, and was built in 1958. This property has an estimated 15 year annualized Yield of 4.05% and Total Return of 7.36%. The estimated 1 year forecast in home value for 2949 Adams Ave is 2.98%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , SAINT CLAIR County , or the 62240 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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