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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

553 W Elian Ct Maple Park, IL 60151

4 Beds 3 Baths 2,000 sqft Built 2002
Last updated:  Jan 23, 2020

INVESTimate

$233,409

$208K - $259K

Price Est.

$1,736

$1.6K - $1.9K

Rent Est.

$243,212  ( +4.2%)   1 YR EST. FORECAST
  
  
  

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553 W Elian Ct PROPERTY INFO

FACTS
  • Built In 2002
  • Price/Sqft : $116.70
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,000 sqft
  • Baths : 2 Full 1 Half

553 W Elian Ct SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
JOHN STEWART ELEMENTARY SCHOOL Primary Regular 607 34 6
HARTER MIDDLE SCHOOL Middle Regular 1,105 68 8
KANELAND SENIOR HIGH SCHOOL High Regular 1,346 78 7

JOHN STEWART ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 607
  • # of teachers: 34
6
GreatSchools Rating

HARTER MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 1,105
  • # of teachers: 68
8
GreatSchools Rating

KANELAND SENIOR HIGH SCHOOL

  • Education Level: High
  • # of students: 1,346
  • # of teachers: 78
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Heritage Hill Estates

  • 543

    POPULATION
  • 169

    HOUSEHOLDS
  • 65.2%

    WHITE COLLAR

Neighborhood : Heritage Hill Estates

HOUSEHOLDS
169
POPULATION

543

16.1%Renters
83.9%Home Owners
LABOR FORCE

 

65.2%White Collar
34.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,736 per month.

MY RENT : $1,736 MEDIAN RENT : $1,397

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 74.5%
>=$1,500 25.5%
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 $1,736 would therefore be considered affordable for annual household incomes greater than $69,440 (12 months x 3.333 x $1,736).

Rent % Affordability
Above $500 93.6%
Above $700 87.8%
Above $1,100 73.3%
Above $1,500 61.0%
Above $1,900 45.7%
HOUSEHOLD INCOME RANGE

Approximately 64 of households in this neighborhood have a total annual income of $69,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,736 per month.

MINIMUM INCOME RANGE : $69,440

Income % Distribution
<$20K 6.4%
$20K-$35K 14.0%
$35K-$60K 18.6%
$60K-$100K 34.3%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 13.4%
10-14 mins 19.7%
15-19 mins 14.9%
20-29 mins 10.0%
30-44 mins 19.0%
45-59 mins 9.3%
>60 mins 12.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 25% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,736 per month.

MY RENT : $1,736 MEDIAN RENT : $1,397

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 74.5%
>=$1,500 25.5%
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 $1,736 would therefore be considered affordable for annual household incomes greater than $69,440 (12 months x 3.333 x $1,736).

Rent % Affordability
Above $500 93.6%
Above $700 87.8%
Above $1,100 73.3%
Above $1,500 61.0%
Above $1,900 45.7%
HOUSEHOLD INCOME RANGE

Approximately 64 of households in this neighborhood have a total annual income of $69,440 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,736 per month.

MINIMUM INCOME RANGE : $69,440

Income % Distribution
<$20K 6.4%
$20K-$35K 14.0%
$35K-$60K 18.6%
$60K-$100K 34.3%
>=$100K 26.7%
COMMUTE TIME DISTRIBUTION

44% of the working population has a commute time of 15 to 44 minutes, 35% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.5%
5-9 mins 13.4%
10-14 mins 19.7%
15-19 mins 14.9%
20-29 mins 10.0%
30-44 mins 19.0%
45-59 mins 9.3%
>60 mins 12.3%

Heritage Hill Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.4%
Educational Services 11.5%
Health Care & Social Assistance 8.8%
Manufacturing 13.2%
Retail & Wholesale Trader 19.6%
Transportation 7.8%
Other 31.8%
AGE DISTRIBUTION

52% of the population is between the ages of 25 and 64, 41% is 24 or younger and 7% is 65 or older.

Age % Distribution
<15 25.0%
15-19 7.0%
20-24 8.8%
25-44 30.4%
45-65 21.4%
66+ 7.4%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.9%
Construction 9.9%
Management, Business, & Financial 18.8%
Natural Resources Maintenance 10.4%
Production & Transportation 7.9%
Sales & Office 28.2%
Other 17.8%
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 11.2%
High School 23.0%
Masters Degree 8.8%
Some College 28.5%
Some High School 7.6%
Other 20.9%

553 W Elian Ct Comps

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553 W Elian Ct, Maple Park, IL 60151 is a single family home of 2,000 sqft. HomeUnion INVESTimateĀ® for 553 W Elian Ct includes a Price Estimate of $233,409 and a Rent Estimate of $1,736. This single family home has 4 bedrooms,3 bathrooms, and was built in 2002. This property has an estimated 15 year annualized Yield of 8.93% and Total Return of 12.54%. The estimated 1 year forecast in home value for 553 W Elian Ct is 4.2%.

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