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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

502 E Kelsey St Malta, IL 60150

3 Beds 2 Baths 1,400 sqft Built 1961
Last updated:  Dec 26, 2019

INVESTimate

$114,224

$102K - $126K

Price Est.

$1,138

$1.1K - $1.2K

Rent Est.

$119,021  ( +4.2%)   1 YR EST. FORECAST
  
  
  

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502 E Kelsey St PROPERTY INFO

FACTS
  • Built In 1961
  • Price/Sqft : $81.59
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 1 Full 1 Half

502 E Kelsey St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
MALTA ELEMENTARY SCHOOL Primary Regular 307 15 5
HUNTLEY MIDDLE SCHOOL Middle Regular 606 39 4
DEKALB HIGH SCHOOL High Regular 1,723 91 6

MALTA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 307
  • # of teachers: 15
5
GreatSchools Rating

HUNTLEY MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 606
  • # of teachers: 39
4
GreatSchools Rating

DEKALB HIGH SCHOOL

  • Education Level: High
  • # of students: 1,723
  • # of teachers: 91
6
GreatSchools Rating
 

Financial Details

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Neighborhood

MALTA

  • 1,796

    POPULATION
  • 647

    HOUSEHOLDS
  • 66.4%

    WHITE COLLAR

Neighborhood : MALTA

HOUSEHOLDS
647
POPULATION

1,796

21.4%Renters
78.6%Home Owners
LABOR FORCE

 

66.4%White Collar
33.6%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,138 per month.

MY RENT : $1,138 MEDIAN RENT : $1,204

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 96.6%
>=$1,500 3.4%
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 $1,138 would therefore be considered affordable for annual household incomes greater than $45,520 (12 months x 3.333 x $1,138).

Rent % Affordability
Above $500 89.6%
Above $700 83.7%
Above $1,100 74.7%
Above $1,500 57.4%
Above $1,900 38.6%
HOUSEHOLD INCOME RANGE

Approximately 404 of households in this neighborhood have a total annual income of $45,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,138 per month.

MINIMUM INCOME RANGE : $45,520

Income % Distribution
<$20K 10.4%
$20K-$35K 11.0%
$35K-$60K 21.2%
$60K-$100K 27.9%
>=$100K 29.6%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 4.2%
10-14 mins 17.5%
15-19 mins 23.5%
20-29 mins 14.1%
30-44 mins 8.8%
45-59 mins 14.6%
>60 mins 13.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 73% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,138 per month.

MY RENT : $1,138 MEDIAN RENT : $1,204

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 96.6%
>=$1,500 3.4%
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 $1,138 would therefore be considered affordable for annual household incomes greater than $45,520 (12 months x 3.333 x $1,138).

Rent % Affordability
Above $500 89.6%
Above $700 83.7%
Above $1,100 74.7%
Above $1,500 57.4%
Above $1,900 38.6%
HOUSEHOLD INCOME RANGE

Approximately 404 of households in this neighborhood have a total annual income of $45,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,138 per month.

MINIMUM INCOME RANGE : $45,520

Income % Distribution
<$20K 10.4%
$20K-$35K 11.0%
$35K-$60K 21.2%
$60K-$100K 27.9%
>=$100K 29.6%
COMMUTE TIME DISTRIBUTION

46% of the working population has a commute time of 15 to 44 minutes, 26% has a commute time of 14 minutes or less and 28% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 4.2%
10-14 mins 17.5%
15-19 mins 23.5%
20-29 mins 14.1%
30-44 mins 8.8%
45-59 mins 14.6%
>60 mins 13.3%

MALTA Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 6.4%
Arts & Entertainment 7.8%
Construction 10.2%
Health Care & Social Assistance 10.9%
Manufacturing 10.3%
Retail & Wholesale Trader 23.7%
Other 30.7%
AGE DISTRIBUTION

55% of the population is between the ages of 25 and 64, 33% is 24 or younger and 12% is 65 or older.

Age % Distribution
<15 20.4%
15-19 6.1%
20-24 6.8%
25-44 30.5%
45-65 24.3%
66+ 11.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.2%
Healthcare 9.7%
Management, Business, & Financial 20.8%
Natural Resources Maintenance 19.5%
Production & Transportation 8.0%
Sales & Office 28.5%
Other 7.3%
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 12.2%
High School 22.0%
Masters Degree 5.3%
Some College 34.9%
Some High School 4.4%
Other 21.3%

502 E Kelsey St Comps

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502 E Kelsey St, Malta, IL 60150 is a single family home of 1,400 sqft. HomeUnion INVESTimateĀ® for 502 E Kelsey St includes a Price Estimate of $114,224 and a Rent Estimate of $1,138. This single family home has 3 bedrooms,2 bathrooms, and was built in 1961. This property has an estimated 15 year annualized Yield of 11.96% and Total Return of 17.96%. The estimated 1 year forecast in home value for 502 E Kelsey St is 4.2%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , DEKALB County , or the 60150 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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