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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

510 S Chestnut St Shannon, IL 61078

4 Beds 0 Baths 1,954 sqft Built 1878
Last updated:  Dec 26, 2019

INVESTimate

$131,948

$115K - $149K

Price Est.

$1,261

$1.0K - $1.5K

Rent Est.

$133,518  ( +1.19%)   1 YR EST. FORECAST
  
  
  

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510 S Chestnut St PROPERTY INFO

FACTS
  • Built In 1878
  • Price/Sqft : $67.53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,954 sqft
  • Baths : 0 Full

510 S Chestnut St SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
EASTLAND JUNIOR-SENIOR HIGH SCHOOL High Regular 206 20 7

EASTLAND JUNIOR-SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 206
  • # of teachers: 20
7
GreatSchools Rating
 

Financial Details

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Neighborhood

SHANNON

  • 1,102

    POPULATION
  • 479

    HOUSEHOLDS
  • 60.7%

    WHITE COLLAR

Neighborhood : SHANNON

HOUSEHOLDS
479
POPULATION

1,102

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

60.7%White Collar
39.3%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,261 per month.

MY RENT : $1,261 MEDIAN RENT : $1,206

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.2%
$900-999 9.4%
$1,000-1,499 90.1%
>=$1,500 0.3%
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 $1,261 would therefore be considered affordable for annual household incomes greater than $50,440 (12 months x 3.333 x $1,261).

Rent % Affordability
Above $500 83.9%
Above $700 77.9%
Above $1,100 55.8%
Above $1,500 41.2%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 218 of households in this neighborhood have a total annual income of $50,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,261 per month.

MINIMUM INCOME RANGE : $50,440

Income % Distribution
<$20K 16.1%
$20K-$35K 15.3%
$35K-$60K 27.4%
$60K-$100K 23.6%
>=$100K 17.6%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 11.7%
10-14 mins 9.2%
15-19 mins 12.8%
20-29 mins 29.0%
30-44 mins 14.6%
45-59 mins 4.5%
>60 mins 6.7%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 43% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,261 per month.

MY RENT : $1,261 MEDIAN RENT : $1,206

Rent % Distribution
$500-699 0.0%
$700-899 0.2%
$900-999 9.4%
$1,000-1,499 90.1%
>=$1,500 0.3%
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 $1,261 would therefore be considered affordable for annual household incomes greater than $50,440 (12 months x 3.333 x $1,261).

Rent % Affordability
Above $500 83.9%
Above $700 77.9%
Above $1,100 55.8%
Above $1,500 41.2%
Above $1,900 30.4%
HOUSEHOLD INCOME RANGE

Approximately 218 of households in this neighborhood have a total annual income of $50,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,261 per month.

MINIMUM INCOME RANGE : $50,440

Income % Distribution
<$20K 16.1%
$20K-$35K 15.3%
$35K-$60K 27.4%
$60K-$100K 23.6%
>=$100K 17.6%
COMMUTE TIME DISTRIBUTION

56% of the working population has a commute time of 15 to 44 minutes, 32% has a commute time of 14 minutes or less and 11% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 11.5%
5-9 mins 11.7%
10-14 mins 9.2%
15-19 mins 12.8%
20-29 mins 29.0%
30-44 mins 14.6%
45-59 mins 4.5%
>60 mins 6.7%

SHANNON Demographics

INDUSTRY

Industry % Distribution
Agriculture, Fishing & Game 8.8%
Construction 7.4%
Educational Services 10.0%
Health Care & Social Assistance 10.7%
Manufacturing 16.8%
Retail & Wholesale Trader 11.9%
Other 34.4%
AGE DISTRIBUTION

47% of the population is between the ages of 25 and 64, 25% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 13.0%
15-19 5.4%
20-24 7.0%
25-44 16.5%
45-65 30.2%
66+ 27.9%
OCCUPATION

Occupation % Distribution
Computer Engineering 7.7%
Healthcare 7.7%
Management, Business, & Financial 16.8%
Natural Resources Maintenance 8.1%
Production & Transportation 26.8%
Sales & Office 17.7%
Other 15.2%
HIGHEST EDUCATION LEVEL

22% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 14.6%
High School 37.3%
Masters Degree 5.9%
Some College 24.6%
Some High School 6.1%
Other 11.6%

510 S Chestnut St Comps

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510 S Chestnut St, Shannon, IL 61078 is a single family home of 1,954 sqft. HomeUnion INVESTimateĀ® for 510 S Chestnut St includes a Price Estimate of $131,948 and a Rent Estimate of $1,261. This single family home has 4 bedrooms,0 bathrooms, and was built in 1878. This property has an estimated 15 year annualized Yield of 11.47% and Total Return of 21.76%. The estimated 1 year forecast in home value for 510 S Chestnut St is 1.19%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , CARROLL County , or the 61078 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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