INVESTimate
$40,231
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413 W Polk Ave PROPERTY INFO
FACTS
- Built In 1964
- Price/Sqft : $49.28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,200 sqft
- Baths : 1 Full 1 Half
413 W Polk Ave SCHOOLS
Financial Details
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CHARLESTON
Neighborhood : CHARLESTON
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 54% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,196 per month.
MY RENT : $1,196 MEDIAN RENT : $1,181
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 $1,196 would therefore be considered affordable for annual household incomes greater than $47,840 (12 months x 3.333 x $1,196).
HOUSEHOLD INCOME RANGE
Approximately 3,548 of households in this neighborhood have a total annual income of $47,840 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,196 per month.
MINIMUM INCOME RANGE : $47,840
COMMUTE TIME DISTRIBUTION
33% of the working population has a commute time of 15 to 44 minutes, 61% has a commute time of 14 minutes or less and 5% has a commute time of 45 minutes or longer.
CHARLESTON Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Administrative Support | 5.4% |
| Arts & Entertainment | 10.3% |
| Educational Services | 22.4% |
| Health Care & Social Assistance | 17.3% |
| Manufacturing | 10.3% |
| Retail & Wholesale Trader | 11.7% |
| Other | 22.6% |
AGE DISTRIBUTION
42% of the population is between the ages of 25 and 64, 46% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 12.6% |
| 15-19 | 11.2% |
| 20-24 | 22.4% |
| 25-44 | 23.0% |
| 45-65 | 19.4% |
| 66+ | 11.5% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Construction | 9.2% |
| Healthcare | 9.9% |
| Management, Business, & Financial | 15.8% |
| Natural Resources Maintenance | 6.1% |
| Production & Transportation | 15.1% |
| Sales & Office | 22.3% |
| Other | 21.6% |
HIGHEST EDUCATION LEVEL
28% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 10.8% |
| High School | 26.0% |
| Masters Degree | 11.9% |
| Some College | 19.9% |
| Some High School | 8.4% |
| Other | 23.0% |
413 W Polk Ave Comps
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413 W Polk Ave, Charleston, IL 61920 is a single family home of 2,200 sqft. HomeUnion INVESTimateĀ® for 413 W Polk Ave includes a Price Estimate of $108,418 and a Rent Estimate of $1,196. This single family home has 4 bedrooms,2 bathrooms, and was built in 1964. This property has an estimated 15 year annualized Yield of 13.24% and Total Return of 19.61%. The estimated 1 year forecast in home value for 413 W Polk Ave is -0.78%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COLES County , or the 61920 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
