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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

389 Meadow Green Ln Round Lake Beach, IL 60073

2 Beds 2 Baths 960 sqft Built 1982
Last updated:  Jan 23, 2020

INVESTimate

$87,073

$85.7K - $88.4K

Price Est.

$1,033

975 - $1.1K

Rent Est.

$91,322  ( +4.88%)   1 YR EST. FORECAST
  
  
  

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389 Meadow Green Ln PROPERTY INFO

FACTS
  • Built In 1982
  • Price/Sqft : $90.70
CONSTRUCTION
  • Beds : 2
  • Floor Size : 960 sqft
  • Baths : 1 Full 1 Half

389 Meadow Green Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
INDIAN HILL ELEMENTARY SCHOOL Primary Regular 586 28 2
ROUND LAKE MIDDLE SCHOOL Middle Regular 969 55 3
ROUND LAKE HIGH SCHOOL High Regular 1,927 115 3

INDIAN HILL ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 28
2
GreatSchools Rating

ROUND LAKE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 969
  • # of teachers: 55
3
GreatSchools Rating

ROUND LAKE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,927
  • # of teachers: 115
3
GreatSchools Rating
 

Financial Details

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Neighborhood

Meadowgreen

  • 577

    POPULATION
  • 204

    HOUSEHOLDS
  • 49.8%

    WHITE COLLAR

Neighborhood : Meadowgreen

HOUSEHOLDS
204
POPULATION

577

44.0%Renters
56.0%Home Owners
LABOR FORCE

 

49.8%White Collar
50.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,033 per month.

MY RENT : $1,033 MEDIAN RENT : $957

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 31.2%
$900-999 45.2%
$1,000-1,499 23.6%
>=$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 $1,033 would therefore be considered affordable for annual household incomes greater than $41,320 (12 months x 3.333 x $1,033).

Rent % Affordability
Above $500 76.8%
Above $700 63.9%
Above $1,100 47.4%
Above $1,500 38.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 94 of households in this neighborhood have a total annual income of $41,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,033 per month.

MINIMUM INCOME RANGE : $41,320

Income % Distribution
<$20K 23.2%
$20K-$35K 15.5%
$35K-$60K 23.2%
$60K-$100K 16.9%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 5.0%
10-14 mins 12.1%
15-19 mins 7.1%
20-29 mins 13.8%
30-44 mins 32.5%
45-59 mins 15.8%
>60 mins 10.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 22% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,033 per month.

MY RENT : $1,033 MEDIAN RENT : $957

Rent % Distribution
$500-699 0.0%
$700-899 31.2%
$900-999 45.2%
$1,000-1,499 23.6%
>=$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 $1,033 would therefore be considered affordable for annual household incomes greater than $41,320 (12 months x 3.333 x $1,033).

Rent % Affordability
Above $500 76.8%
Above $700 63.9%
Above $1,100 47.4%
Above $1,500 38.2%
Above $1,900 29.1%
HOUSEHOLD INCOME RANGE

Approximately 94 of households in this neighborhood have a total annual income of $41,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,033 per month.

MINIMUM INCOME RANGE : $41,320

Income % Distribution
<$20K 23.2%
$20K-$35K 15.5%
$35K-$60K 23.2%
$60K-$100K 16.9%
>=$100K 21.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 20% has a commute time of 14 minutes or less and 27% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.9%
5-9 mins 5.0%
10-14 mins 12.1%
15-19 mins 7.1%
20-29 mins 13.8%
30-44 mins 32.5%
45-59 mins 15.8%
>60 mins 10.8%

Meadowgreen Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 15.5%
Construction 11.5%
Educational Services 4.7%
Health Care & Social Assistance 8.6%
Manufacturing 20.5%
Retail & Wholesale Trader 19.4%
Other 19.8%
AGE DISTRIBUTION

57% of the population is between the ages of 25 and 64, 37% is 24 or younger and 6% is 65 or older.

Age % Distribution
<15 23.4%
15-19 6.2%
20-24 7.8%
25-44 31.9%
45-65 24.8%
66+ 5.9%
OCCUPATION

Occupation % Distribution
Clean 7.0%
Healthcare 11.8%
Management, Business, & Financial 11.3%
Natural Resources Maintenance 5.9%
Production & Transportation 23.7%
Sales & Office 19.9%
Other 20.4%
HIGHEST EDUCATION LEVEL

8% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 36.2%
Masters Degree 1.1%
Some College 25.7%
Some High School 18.1%
Other 11.6%

389 Meadow Green Ln Comps

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389 Meadow Green Ln, Round Lake Beach, IL 60073 is a single family home of 960 sqft. HomeUnion INVESTimateĀ® for 389 Meadow Green Ln includes a Price Estimate of $87,073 and a Rent Estimate of $1,033. This single family home has 2 bedrooms,2 bathrooms, and was built in 1982. This property has an estimated 15 year annualized Yield of 14.24% and Total Return of 25.61%. The estimated 1 year forecast in home value for 389 Meadow Green Ln is 4.88%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60073 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 60046
  2. 60041
  3. 60030