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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

313 S Grant St Sullivan, IL 61951

2 Beds 1 Baths 1,419 sqft Built 1941
Last updated:  Jan 23, 2020

INVESTimate

$59,633

$54.5K - $64.8K

Price Est.

$882

753 - $1.0K

Rent Est.

$56,288  ( -5.61%)   1 YR EST. FORECAST
  
  
  

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313 S Grant St PROPERTY INFO

FACTS
  • Built In 1941
  • Price/Sqft : $42.02
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,419 sqft
  • Baths : 1 Full

313 S Grant St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
SULLIVAN ELEMENTARY SCHOOL Primary Regular 512 31 8
SULLIVAN MIDDLE SCHOOL Middle Regular 255 15 7
SULLIVAN HIGH SCHOOL High Regular 381 29 6

SULLIVAN ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 512
  • # of teachers: 31
8
GreatSchools Rating

SULLIVAN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 255
  • # of teachers: 15
7
GreatSchools Rating

SULLIVAN HIGH SCHOOL

  • Education Level: High
  • # of students: 381
  • # of teachers: 29
6
GreatSchools Rating
 

Financial Details

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Neighborhood

SULLIVAN

  • 7,798

    POPULATION
  • 3,250

    HOUSEHOLDS
  • 55.1%

    WHITE COLLAR

Neighborhood : SULLIVAN

HOUSEHOLDS
3,250
POPULATION

7,798

27.3%Renters
72.7%Home Owners
LABOR FORCE

 

55.1%White Collar
44.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $882 per month.

MY RENT : $882 MEDIAN RENT : $1,049

Rent % Distribution LEVEL
$500-699 0.4%
$700-899 27.8%
$900-999 14.3%
$1,000-1,499 49.3%
>=$1,500 8.2%
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 $882 would therefore be considered affordable for annual household incomes greater than $35,280 (12 months x 3.333 x $882).

Rent % Affordability
Above $500 83.5%
Above $700 71.5%
Above $1,100 54.9%
Above $1,500 44.5%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 1,721 of households in this neighborhood have a total annual income of $35,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $882 per month.

MINIMUM INCOME RANGE : $35,280

Income % Distribution
<$20K 16.5%
$20K-$35K 18.4%
$35K-$60K 20.6%
$60K-$100K 24.8%
>=$100K 19.7%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 45% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.8%
5-9 mins 25.8%
10-14 mins 10.4%
15-19 mins 11.8%
20-29 mins 13.8%
30-44 mins 20.2%
45-59 mins 4.3%
>60 mins 5.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 74% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $882 per month.

MY RENT : $882 MEDIAN RENT : $1,049

Rent % Distribution
$500-699 0.4%
$700-899 27.8%
$900-999 14.3%
$1,000-1,499 49.3%
>=$1,500 8.2%
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 $882 would therefore be considered affordable for annual household incomes greater than $35,280 (12 months x 3.333 x $882).

Rent % Affordability
Above $500 83.5%
Above $700 71.5%
Above $1,100 54.9%
Above $1,500 44.5%
Above $1,900 32.3%
HOUSEHOLD INCOME RANGE

Approximately 1,721 of households in this neighborhood have a total annual income of $35,280 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $882 per month.

MINIMUM INCOME RANGE : $35,280

Income % Distribution
<$20K 16.5%
$20K-$35K 18.4%
$35K-$60K 20.6%
$60K-$100K 24.8%
>=$100K 19.7%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 45% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 8.8%
5-9 mins 25.8%
10-14 mins 10.4%
15-19 mins 11.8%
20-29 mins 13.8%
30-44 mins 20.2%
45-59 mins 4.3%
>60 mins 5.1%

SULLIVAN Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 4.4%
Construction 6.7%
Educational Services 5.8%
Health Care & Social Assistance 14.4%
Manufacturing 24.5%
Retail & Wholesale Trader 16.4%
Other 27.8%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 32% is 24 or younger and 20% is 65 or older.

Age % Distribution
<15 18.7%
15-19 6.4%
20-24 6.4%
25-44 22.5%
45-65 25.6%
66+ 20.3%
OCCUPATION

Occupation % Distribution
Computer Engineering 5.0%
Healthcare 6.3%
Management, Business, & Financial 17.4%
Natural Resources Maintenance 8.4%
Production & Transportation 27.6%
Sales & Office 19.5%
Other 15.7%
HIGHEST EDUCATION LEVEL

17% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.6%
High School 31.7%
Masters Degree 5.8%
Some College 23.7%
Some High School 13.6%
Other 15.6%

313 S Grant St Comps

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313 S Grant St, Sullivan, IL 61951 is a single family home of 1,419 sqft. HomeUnion INVESTimateĀ® for 313 S Grant St includes a Price Estimate of $59,633 and a Rent Estimate of $882. This single family home has 2 bedrooms,1 bathrooms, and was built in 1941. This property has an estimated 15 year annualized Yield of 17.75% and Total Return of 16.27%. The estimated 1 year forecast in home value for 313 S Grant St is -5.61%.

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