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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

507 N East St Lexington, IL 61753

0 Beds 2 Baths 1,964 sqft Built 1987
Last updated:  Jan 23, 2020

INVESTimate

$196,478

$188K - $205K

Price Est.

$1,358

$1.2K - $1.5K

Rent Est.

$203,374  ( +3.51%)   1 YR EST. FORECAST
  
  
  

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507 N East St PROPERTY INFO

FACTS
  • Built In 1987
  • Price/Sqft : $100.04
CONSTRUCTION
  • Beds : 0
  • Floor Size : 1,964 sqft
  • Baths : 2 Full

507 N East St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
LEXINGTON GRADE SCHOOL Primary Regular 280 22 7
LEXINGTON JUNIOR HIGH SCHOOL Middle Regular 80 5 9
LEXINGTON HIGH SCHOOL High Regular 155 16 9

LEXINGTON GRADE SCHOOL

  • Education Level: Primary
  • # of students: 280
  • # of teachers: 22
7
GreatSchools Rating

LEXINGTON JUNIOR HIGH SCHOOL

  • Education Level: Middle
  • # of students: 80
  • # of teachers: 5
9
GreatSchools Rating

LEXINGTON HIGH SCHOOL

  • Education Level: High
  • # of students: 155
  • # of teachers: 16
9
GreatSchools Rating
 

Financial Details

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Neighborhood

LEXINGTON

  • 2,871

    POPULATION
  • 1,079

    HOUSEHOLDS
  • 65.6%

    WHITE COLLAR

Neighborhood : LEXINGTON

HOUSEHOLDS
1,079
POPULATION

2,871

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

65.6%White Collar
34.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 7% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,358 per month.

MY RENT : $1,358 MEDIAN RENT : $903

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 48.8%
$900-999 24.8%
$1,000-1,499 26.4%
>=$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 $1,358 would therefore be considered affordable for annual household incomes greater than $54,320 (12 months x 3.333 x $1,358).

Rent % Affordability
Above $500 91.2%
Above $700 86.2%
Above $1,100 73.2%
Above $1,500 58.5%
Above $1,900 52.7%
HOUSEHOLD INCOME RANGE

Approximately 653 of households in this neighborhood have a total annual income of $54,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,358 per month.

MINIMUM INCOME RANGE : $54,320

Income % Distribution
<$20K 8.8%
$20K-$35K 10.9%
$35K-$60K 21.8%
$60K-$100K 23.2%
>=$100K 35.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 10.2%
10-14 mins 7.1%
15-19 mins 8.0%
20-29 mins 40.7%
30-44 mins 19.7%
45-59 mins 2.0%
>60 mins 7.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 7% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,358 per month.

MY RENT : $1,358 MEDIAN RENT : $903

Rent % Distribution
$500-699 0.0%
$700-899 48.8%
$900-999 24.8%
$1,000-1,499 26.4%
>=$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 $1,358 would therefore be considered affordable for annual household incomes greater than $54,320 (12 months x 3.333 x $1,358).

Rent % Affordability
Above $500 91.2%
Above $700 86.2%
Above $1,100 73.2%
Above $1,500 58.5%
Above $1,900 52.7%
HOUSEHOLD INCOME RANGE

Approximately 653 of households in this neighborhood have a total annual income of $54,320 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,358 per month.

MINIMUM INCOME RANGE : $54,320

Income % Distribution
<$20K 8.8%
$20K-$35K 10.9%
$35K-$60K 21.8%
$60K-$100K 23.2%
>=$100K 35.3%
COMMUTE TIME DISTRIBUTION

68% of the working population has a commute time of 15 to 44 minutes, 22% has a commute time of 14 minutes or less and 9% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.8%
5-9 mins 10.2%
10-14 mins 7.1%
15-19 mins 8.0%
20-29 mins 40.7%
30-44 mins 19.7%
45-59 mins 2.0%
>60 mins 7.5%

LEXINGTON Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 8.5%
Educational Services 11.0%
Financial Industries 14.1%
Health Care & Social Assistance 13.6%
Manufacturing 9.1%
Retail & Wholesale Trader 12.2%
Other 31.4%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 32% is 24 or younger and 17% is 65 or older.

Age % Distribution
<15 18.8%
15-19 9.4%
20-24 4.1%
25-44 21.0%
45-65 29.5%
66+ 17.2%
OCCUPATION

Occupation % Distribution
Construction 8.0%
Healthcare 9.5%
Management, Business, & Financial 22.4%
Natural Resources Maintenance 9.2%
Production & Transportation 10.4%
Sales & Office 23.5%
Other 16.9%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.2%
High School 34.8%
Masters Degree 6.4%
Some College 24.0%
Some High School 4.8%
Other 23.7%

507 N East St Comps

Sorry, we do not have sufficient data available.

507 N East St, Lexington, IL 61753 is a single family home of 1,964 sqft. HomeUnion INVESTimateĀ® for 507 N East St includes a Price Estimate of $196,478 and a Rent Estimate of $1,358. This single family home has 0 bedrooms,2 bathrooms, and was built in 1987. This property has an estimated 15 year annualized Yield of 8.29% and Total Return of 14.49%. The estimated 1 year forecast in home value for 507 N East St is 3.51%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , MCLEAN County , or the 61753 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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  1. 61701