INVESTimate
$70,361
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631 Walnut Ave PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $69.96
CONSTRUCTION
- Beds : 4
- Floor Size : 3,175 sqft
- Baths : 3 Full 1 Half
631 Walnut Ave SCHOOLS
Financial Details
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MAPLE PARK
Neighborhood : MAPLE PARK
DISTRIBUTION OF RENTS IN NEIGHBORHOOD
Approximately 27% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,194 per month.
MY RENT : $2,194 MEDIAN RENT : $1,433
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 $2,194 would therefore be considered affordable for annual household incomes greater than $87,760 (12 months x 3.333 x $2,194).
HOUSEHOLD INCOME RANGE
Approximately 546 of households in this neighborhood have a total annual income of $87,760 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,194 per month.
MINIMUM INCOME RANGE : $87,760
COMMUTE TIME DISTRIBUTION
52% of the working population has a commute time of 15 to 44 minutes, 25% has a commute time of 14 minutes or less and 22% has a commute time of 45 minutes or longer.
MAPLE PARK Demographics
INDUSTRY
| Industry | % Distribution |
|---|---|
| Agriculture, Fishing & Game | 6.7% |
| Arts & Entertainment | 9.9% |
| Construction | 11.2% |
| Educational Services | 8.4% |
| Manufacturing | 13.1% |
| Retail & Wholesale Trader | 13.9% |
| Other | 36.8% |
AGE DISTRIBUTION
57% of the population is between the ages of 25 and 64, 32% is 24 or younger and 11% is 65 or older.
| Age | % Distribution |
|---|---|
| <15 | 16.9% |
| 15-19 | 7.2% |
| 20-24 | 8.3% |
| 25-44 | 24.9% |
| 45-65 | 31.9% |
| 66+ | 10.7% |
OCCUPATION
| Occupation | % Distribution |
|---|---|
| Computer Engineering | 6.9% |
| Healthcare | 6.0% |
| Management, Business, & Financial | 23.6% |
| Natural Resources Maintenance | 14.7% |
| Production & Transportation | 16.0% |
| Sales & Office | 20.6% |
| Other | 12.3% |
HIGHEST EDUCATION LEVEL
20% of adults 25 and older have an education level of a bachelor's degree or higher.
| Education Level | % Distribution |
|---|---|
| Associates Degree | 13.8% |
| High School | 29.7% |
| Masters Degree | 5.6% |
| Some College | 28.0% |
| Some High School | 6.0% |
| Other | 17.1% |
631 Walnut Ave Comps
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631 Walnut Ave, Maple Park, IL 60151 is a single family home of 3,175 sqft. HomeUnion INVESTimateĀ® for 631 Walnut Ave includes a Price Estimate of $222,116 and a Rent Estimate of $2,194. This single family home has 4 bedrooms,4 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 11.85% and Total Return of 19.63%. The estimated 1 year forecast in home value for 631 Walnut Ave is 1.61%.
Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , KANE County , or the 60151 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2
