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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

33707 N Gages Lake Dr Gages Lake, IL 60030

0 Beds 1 Baths 1,016 sqft Built 1930
Last updated:  Jan 23, 2020

INVESTimate

$157,806

$150K - $165K

Price Est.

$1,016

959 - $1.1K

Rent Est.

$163,597  ( +3.67%)   1 YR EST. FORECAST
  
  
  

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33707 N Gages Lake Dr PROPERTY INFO

FACTS
  • Built In 1930
  • Price/Sqft : $155.32
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,016 sqft
  • Baths : 1 Full

33707 N Gages Lake Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WOODLAND ELEMENTARY EAST SCHOOL Primary Regular 2,034 143 6
WOODLAND MIDDLE SCHOOL Middle Regular 2,336 148 6
WARREN TOWNSHIP HIGH SCHOOL High Regular 4,442 251 8

WOODLAND ELEMENTARY EAST SCHOOL

  • Education Level: Primary
  • # of students: 2,034
  • # of teachers: 143
6
GreatSchools Rating

WOODLAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 2,336
  • # of teachers: 148
6
GreatSchools Rating

WARREN TOWNSHIP HIGH SCHOOL

  • Education Level: High
  • # of students: 4,442
  • # of teachers: 251
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Idlewild

  • 799

    POPULATION
  • 325

    HOUSEHOLDS
  • 61.7%

    WHITE COLLAR

Neighborhood : Idlewild

HOUSEHOLDS
325
POPULATION

799

45.9%Renters
54.1%Home Owners
LABOR FORCE

 

61.7%White Collar
38.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,016 per month.

MY RENT : $1,016 MEDIAN RENT : $1,069

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 21.4%
$1,000-1,499 67.5%
>=$1,500 11.1%
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 $1,016 would therefore be considered affordable for annual household incomes greater than $40,640 (12 months x 3.333 x $1,016).

Rent % Affordability
Above $500 83.6%
Above $700 75.2%
Above $1,100 65.7%
Above $1,500 56.2%
Above $1,900 43.4%
HOUSEHOLD INCOME RANGE

Approximately 198 of households in this neighborhood have a total annual income of $40,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,016 per month.

MINIMUM INCOME RANGE : $40,640

Income % Distribution
<$20K 16.4%
$20K-$35K 12.0%
$35K-$60K 15.4%
$60K-$100K 29.9%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 9.8%
10-14 mins 6.0%
15-19 mins 10.7%
20-29 mins 26.5%
30-44 mins 27.4%
45-59 mins 7.3%
>60 mins 11.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 76% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,016 per month.

MY RENT : $1,016 MEDIAN RENT : $1,069

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 21.4%
$1,000-1,499 67.5%
>=$1,500 11.1%
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 $1,016 would therefore be considered affordable for annual household incomes greater than $40,640 (12 months x 3.333 x $1,016).

Rent % Affordability
Above $500 83.6%
Above $700 75.2%
Above $1,100 65.7%
Above $1,500 56.2%
Above $1,900 43.4%
HOUSEHOLD INCOME RANGE

Approximately 198 of households in this neighborhood have a total annual income of $40,640 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,016 per month.

MINIMUM INCOME RANGE : $40,640

Income % Distribution
<$20K 16.4%
$20K-$35K 12.0%
$35K-$60K 15.4%
$60K-$100K 29.9%
>=$100K 26.2%
COMMUTE TIME DISTRIBUTION

65% of the working population has a commute time of 15 to 44 minutes, 16% has a commute time of 14 minutes or less and 19% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.6%
5-9 mins 9.8%
10-14 mins 6.0%
15-19 mins 10.7%
20-29 mins 26.5%
30-44 mins 27.4%
45-59 mins 7.3%
>60 mins 11.7%

Idlewild Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.1%
Construction 13.8%
Educational Services 9.0%
Manufacturing 12.2%
Public Administration 7.4%
Retail & Wholesale Trader 14.3%
Other 28.1%
AGE DISTRIBUTION

60% of the population is between the ages of 25 and 64, 32% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 18.1%
15-19 7.8%
20-24 6.4%
25-44 27.4%
45-65 32.3%
66+ 8.0%
OCCUPATION

Occupation % Distribution
Clean 6.3%
Healthcare 5.9%
Management, Business, & Financial 25.3%
Natural Resources Maintenance 13.4%
Production & Transportation 11.5%
Sales & Office 20.9%
Other 16.6%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.7%
High School 30.8%
Masters Degree 6.3%
Some College 31.0%
Some High School 7.7%
Other 17.6%

33707 N Gages Lake Dr Comps

Sorry, we do not have sufficient data available.

33707 N Gages Lake Dr, Gages Lake, IL 60030 is a single family home of 1,016 sqft. HomeUnion INVESTimateĀ® for 33707 N Gages Lake Dr includes a Price Estimate of $157,806 and a Rent Estimate of $1,016. This single family home has 0 bedrooms,1 bathrooms, and was built in 1930. This property has an estimated 15 year annualized Yield of 7.73% and Total Return of 16.72%. The estimated 1 year forecast in home value for 33707 N Gages Lake Dr is 3.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60030 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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