1. < Prospect N Dr

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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

33871 N Prospect Dr Gages Lake, IL 60030

0 Beds 2 Baths 1,417 sqft Built 1942
Last updated:  Jan 23, 2020

INVESTimate

$250,472

$242K - $259K

Price Est.

$1,099

$1.0K - $1.2K

Rent Est.

$77,875

Investment Est.

$259,664  ( +3.67%)   1 YR EST. FORECAST

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33871 N Prospect Dr PROPERTY INFO

FACTS
  • Built In 1942
  • Price/Sqft : $176.76
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,417 sqft
  • Baths : 2 Full

33871 N Prospect 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

Deckers Gages Lake

  • 250

    POPULATION

  • 102

    HOUSEHOLDS

  • 55.1%

    WHITE COLLAR

Neighborhood : Deckers Gages Lake

HOUSEHOLDS
102
POPULATION

250

34.6%Renters
65.4%Home Owners
LABOR FORCE

 

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

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,099 per month.

MY RENT : $1,099 MEDIAN RENT : $1,350

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 4.0%
$1,000-1,499 54.4%
>=$1,500 41.6%
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 $1,099 would therefore be considered affordable for annual household incomes greater than $43,960 (12 months x 3.333 x $1,099).

Rent % Affordability
Above $500 94.1%
Above $700 80.4%
Above $1,100 67.3%
Above $1,500 51.5%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $43,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,099 per month.

MINIMUM INCOME RANGE : $43,960

Income % Distribution
<$20K 5.9%
$20K-$35K 21.8%
$35K-$60K 20.8%
$60K-$100K 26.7%
>=$100K 24.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.2%
10-14 mins 6.5%
15-19 mins 8.9%
20-29 mins 17.1%
30-44 mins 35.8%
45-59 mins 5.7%
>60 mins 13.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 85% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,099 per month.

MY RENT : $1,099 MEDIAN RENT : $1,350

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 4.0%
$1,000-1,499 54.4%
>=$1,500 41.6%
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 $1,099 would therefore be considered affordable for annual household incomes greater than $43,960 (12 months x 3.333 x $1,099).

Rent % Affordability
Above $500 94.1%
Above $700 80.4%
Above $1,100 67.3%
Above $1,500 51.5%
Above $1,900 38.1%
HOUSEHOLD INCOME RANGE

Approximately 58 of households in this neighborhood have a total annual income of $43,960 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,099 per month.

MINIMUM INCOME RANGE : $43,960

Income % Distribution
<$20K 5.9%
$20K-$35K 21.8%
$35K-$60K 20.8%
$60K-$100K 26.7%
>=$100K 24.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 19% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 12.2%
10-14 mins 6.5%
15-19 mins 8.9%
20-29 mins 17.1%
30-44 mins 35.8%
45-59 mins 5.7%
>60 mins 13.8%
Deckers Gages Lake Demographics
INDUSTRY

           

Industry % Distribution
Administrative Support 7.4%
Arts & Entertainment 13.9%
Construction 15.6%
Health Care & Social Assistance 8.2%
Manufacturing 13.9%
Retail & Wholesale Trader 13.9%
Other 27.0%
OCCUPATION

           

Occupation % Distribution
Clean 8.0%
Healthcare 8.0%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 13.8%
Production & Transportation 11.5%
Sales & Office 23.0%
Other 19.5%
AGE DISTRIBUTION

46% of the population is between the ages of 25 and 64, 33% is 24 or younger and 22% is 65 or older.

Age % Distribution
<15 18.8%
15-19 6.8%
20-24 10.4%
25-44 21.6%
45-65 34.8%
66+ 7.6%
HIGHEST EDUCATION LEVEL

12% of adults 25 and older have an education level of a bachelorā??s degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 34.9%
Masters Degree 6.3%
Some College 25.7%
Some High School 10.9%
Other 14.3%

Deckers Gages Lake Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.4%
Arts & Entertainment 13.9%
Construction 15.6%
Health Care & Social Assistance 8.2%
Manufacturing 13.9%
Retail & Wholesale Trader 13.9%
Other 27.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 36% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 18.8%
15-19 6.8%
20-24 10.4%
25-44 21.6%
45-65 34.8%
66+ 7.6%
OCCUPATION

Occupation % Distribution
Clean 8.0%
Healthcare 8.0%
Management, Business, & Financial 16.1%
Natural Resources Maintenance 13.8%
Production & Transportation 11.5%
Sales & Office 23.0%
Other 19.5%
HIGHEST EDUCATION LEVEL

18% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.0%
High School 34.9%
Masters Degree 6.3%
Some College 25.7%
Some High School 10.9%
Other 14.3%

33871 N Prospect Dr Comps

Sorry, we do not have sufficient data available.

33871 N Prospect Dr, Gages Lake, IL 60030 is a single family home of 1,417 sqft. HomeUnion INVESTimateĀ® for 33871 N Prospect Dr includes a Price Estimate of $250,472 and a Rent Estimate of $1,099. This single family home has 0 bedrooms,2 bathrooms, and was built in 1942. This property has an estimated 15 year annualized Yield of 5.27% and Total Return of 14.22%. The estimated 1 year forecast in home value for 33871 N Prospect 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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