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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

310 W Monroe St Philo, IL 61864

0 Beds 1 Baths 1,629 sqft Built 1970
Last updated:  Nov 28, 2019

INVESTimate

$169,968

$159K - $181K

Price Est.

$1,321

$1.2K - $1.4K

Rent Est.

$175,594  ( +3.31%)   1 YR EST. FORECAST
  
  
  

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310 W Monroe St PROPERTY INFO

FACTS
  • Built In 1970
  • Price/Sqft : $104.34
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,629 sqft
  • Baths : 1 Full

310 W Monroe St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
UNITY HIGH SCHOOL High Regular 482 31 6

UNITY HIGH SCHOOL

  • Education Level: High
  • # of students: 482
  • # of teachers: 31
6
GreatSchools Rating
 

Financial Details

See Financial Details

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Neighborhood

PHILO

  • 1,759

    POPULATION
  • 609

    HOUSEHOLDS
  • 64.9%

    WHITE COLLAR

Neighborhood : PHILO

HOUSEHOLDS
609
POPULATION

1,759

16.6%Renters
83.4%Home Owners
LABOR FORCE

 

64.9%White Collar
35.1%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,321 per month.

MY RENT : $1,321 MEDIAN RENT : $1,030

Rent % Distribution LEVEL
$500-699 0.8%
$700-899 8.8%
$900-999 24.2%
$1,000-1,499 64.9%
>=$1,500 1.3%
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 $1,321 would therefore be considered affordable for annual household incomes greater than $52,840 (12 months x 3.333 x $1,321).

Rent % Affordability
Above $500 95.4%
Above $700 91.5%
Above $1,100 82.5%
Above $1,500 73.4%
Above $1,900 58.5%
HOUSEHOLD INCOME RANGE

Approximately 456 of households in this neighborhood have a total annual income of $52,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,321 per month.

MINIMUM INCOME RANGE : $52,840

Income % Distribution
<$20K 4.6%
$20K-$35K 7.4%
$35K-$60K 14.5%
$60K-$100K 33.8%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

80% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 3.6%
10-14 mins 8.8%
15-19 mins 18.7%
20-29 mins 48.2%
30-44 mins 12.9%
45-59 mins 1.7%
>60 mins 2.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,321 per month.

MY RENT : $1,321 MEDIAN RENT : $1,030

Rent % Distribution
$500-699 0.8%
$700-899 8.8%
$900-999 24.2%
$1,000-1,499 64.9%
>=$1,500 1.3%
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 $1,321 would therefore be considered affordable for annual household incomes greater than $52,840 (12 months x 3.333 x $1,321).

Rent % Affordability
Above $500 95.4%
Above $700 91.5%
Above $1,100 82.5%
Above $1,500 73.4%
Above $1,900 58.5%
HOUSEHOLD INCOME RANGE

Approximately 456 of households in this neighborhood have a total annual income of $52,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,321 per month.

MINIMUM INCOME RANGE : $52,840

Income % Distribution
<$20K 4.6%
$20K-$35K 7.4%
$35K-$60K 14.5%
$60K-$100K 33.8%
>=$100K 39.6%
COMMUTE TIME DISTRIBUTION

80% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 4% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.9%
5-9 mins 3.6%
10-14 mins 8.8%
15-19 mins 18.7%
20-29 mins 48.2%
30-44 mins 12.9%
45-59 mins 1.7%
>60 mins 2.2%

PHILO Demographics

INDUSTRY

Industry % Distribution
Educational Services 17.4%
Financial Industries 9.6%
Health Care & Social Assistance 10.8%
Manufacturing 7.2%
Retail & Wholesale Trader 16.1%
Transportation 5.7%
Other 33.3%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 33% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 21.8%
15-19 7.4%
20-24 3.8%
25-44 23.1%
45-65 29.7%
66+ 14.2%
OCCUPATION

Occupation % Distribution
Construction 6.7%
Healthcare 8.3%
Management, Business, & Financial 22.1%
Natural Resources Maintenance 8.7%
Production & Transportation 11.9%
Sales & Office 25.5%
Other 16.8%
HIGHEST EDUCATION LEVEL

21% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.3%
High School 27.4%
Masters Degree 7.1%
Some College 26.5%
Some High School 2.5%
Other 24.1%

310 W Monroe St Comps

Sorry, we do not have sufficient data available.

310 W Monroe St, Philo, IL 61864 is a single family home of 1,629 sqft. HomeUnion INVESTimateĀ® for 310 W Monroe St includes a Price Estimate of $169,968 and a Rent Estimate of $1,321. This single family home has 0 bedrooms,1 bathrooms, and was built in 1970. This property has an estimated 15 year annualized Yield of 9.33% and Total Return of 18.21%. The estimated 1 year forecast in home value for 310 W Monroe St is 3.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CHAMPAIGN County , or the 61864 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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