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This page contains information about each property aggregated from public data sources, 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.

490 E Il Route 22 North Barrington, IL 60010

5 Beds 5 Baths 4,700 sqft Built 1977
Last updated:  Jan 23, 2020

INVESTimate

$646,661

$634K - $659K

Price Est.

$3,979

$3.6K - $4.4K

Rent Est.

$657,719  ( +1.71%)   1 YR EST. FORECAST

490 E Il Route 22 PROPERTY INFO

FACTS
  • Built In 1977
  • Price/Sqft : $137.59
CONSTRUCTION
  • Beds : 5
  • Floor Size : 4,700 sqft
  • Baths : 4 Full 1 Half
PROPERTY DESCRIPTION
490 E Il Route 22, North Barrington, IL 60010 is a single family home of 4,700 sqft. HomeUnion estimate for 490 E Il Route 22 includes a Price Estimate of $646,661 and a Rent Estimate of $3,979. This single family home has 5 bedrooms, 5 bathrooms, and was built in 1977. This property has an estimated 15 year annualized Yield of 7.38% and Total Return of 13.58%. The estimated 1 year forecast in home value for 490 E Il Route 22 is 1.71%.
  
  
  

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490 E Il Route 22 SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
NORTH BARRINGTON ELEMENTARY SCHOOL Primary Regular 467 26 10
BARRINGTON MIDDLE SCHOOL - PRAIRIE CAMPUS Middle Regular 1,164 80 9
BARRINGTON HIGH SCHOOL High Regular 2,998 170 10

NORTH BARRINGTON ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 467
  • # of teachers: 26
10
GreatSchools Rating

BARRINGTON MIDDLE SCHOOL - PRAIRIE CAMPUS

  • Education Level: Middle
  • # of students: 1,164
  • # of teachers: 80
9
GreatSchools Rating

BARRINGTON HIGH SCHOOL

  • Education Level: High
  • # of students: 2,998
  • # of teachers: 170
10
GreatSchools Rating
 

Financial Details

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Neighborhood

Oaksbury

  • 92

    POPULATION
  • 33

    HOUSEHOLDS
  • 95.0%

    WHITE COLLAR

Neighborhood : Oaksbury

HOUSEHOLDS
33
POPULATION

92

0.0%Renters
100.0%Home Owners
LABOR FORCE

 

95.0%White Collar
5.0%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,979 per month.

MY RENT : $3,979 MEDIAN RENT : $3,436

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $3,979 would therefore be considered affordable for annual household incomes greater than $159,160 (12 months x 3.333 x $3,979).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 86.9%
Above $1,500 82.8%
Above $1,900 82.8%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $159,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,979 per month.

MINIMUM INCOME RANGE : $159,160

Income % Distribution
<$20K 0.0%
$20K-$35K 3.4%
$35K-$60K 13.8%
$60K-$100K 0.0%
>=$100K 82.8%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 0.0%
10-14 mins 9.8%
15-19 mins 4.9%
20-29 mins 12.2%
30-44 mins 39.0%
45-59 mins 14.6%
>60 mins 17.1%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $3,979 per month.

MY RENT : $3,979 MEDIAN RENT : $3,436

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $3,979 would therefore be considered affordable for annual household incomes greater than $159,160 (12 months x 3.333 x $3,979).

Rent % Affordability
Above $500 100.0%
Above $700 100.0%
Above $1,100 86.9%
Above $1,500 82.8%
Above $1,900 82.8%
HOUSEHOLD INCOME RANGE

Approximately 9 of households in this neighborhood have a total annual income of $159,160 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $3,979 per month.

MINIMUM INCOME RANGE : $159,160

Income % Distribution
<$20K 0.0%
$20K-$35K 3.4%
$35K-$60K 13.8%
$60K-$100K 0.0%
>=$100K 82.8%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.4%
5-9 mins 0.0%
10-14 mins 9.8%
15-19 mins 4.9%
20-29 mins 12.2%
30-44 mins 39.0%
45-59 mins 14.6%
>60 mins 17.1%

Oaksbury Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.9%
Financial Industries 11.1%
Health Care & Social Assistance 13.3%
Manufacturing 11.1%
Professional & Scientific Tech Services 15.6%
Retail & Wholesale Trader 8.9%
Other 31.1%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 32% is 24 or younger and 15% is 65 or older.

Age % Distribution
<15 18.5%
15-19 9.8%
20-24 3.3%
25-44 17.4%
45-65 35.9%
66+ 15.2%
OCCUPATION

Occupation % Distribution
Construction 6.7%
Healthcare 13.3%
Legal 6.7%
Management, Business, & Financial 53.3%
Sales & Office 6.7%
Social 3.3%
Other 10.0%
HIGHEST EDUCATION LEVEL

44% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 4.8%
High School 4.8%
Masters Degree 28.6%
Professional 7.9%
Some College 9.5%
Other 44.4%

490 E Il Route 22 Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60010 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 60047