Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
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

...MORE

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

697 Shoreline Dr Grayslake, IL 60030

0 Beds 3 Baths 2,456 sqft Built 2005
Last updated:  Jan 23, 2020

INVESTimate

$249,724

$241K - $258K

Price Est.

$2,093

$1.9K - $2.3K

Rent Est.

$258,889  ( +3.67%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL PARKWAY #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 ∙ 1units
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,795 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1092 Rebel Forest DRIVE Atlanta, GA
    • 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990 3 beds 1 baths ∙ 960 Sqft ∙ Built 1990
    AVAILABLE
    • 14.18% GROSS YIELD
    • $10,195 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $62,150
    • $1,300
  • 12448 ROYAL LAKE DRIVE Conroe, TX
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1993
    AVAILABLE
    • 13.18% GROSS YIELD
    • $7,391 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $111,995
    • $35,429
    • $1,230

697 Shoreline Dr PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $101.68
CONSTRUCTION
  • Beds : 0
  • Floor Size : 2,456 sqft
  • Baths : 2 Full 1 Half

697 Shoreline Dr SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
WOODLAND ELEMENTARY EAST SCHOOL Primary Regular 2,034 143 6
WOODLAND MIDDLE SCHOOL Middle Regular 2,336 148 6
WARREN TOWNSHIP HIGH SCHOOL High Regular 4,442 251 8

WOODLAND ELEMENTARY EAST SCHOOL

  • Education Level: Primary
  • # of students: 2,034
  • # of teachers: 143
6
GreatSchools Rating

WOODLAND MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 2,336
  • # of teachers: 148
6
GreatSchools Rating

WARREN TOWNSHIP HIGH SCHOOL

  • Education Level: High
  • # of students: 4,442
  • # of teachers: 251
8
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Cambridge at Waters Edge

  • 132

    POPULATION
  • 53

    HOUSEHOLDS
  • 55.1%

    WHITE COLLAR

Neighborhood : Cambridge at Waters Edge

HOUSEHOLDS
53
POPULATION

132

34.0%Renters
66.0%Home Owners
LABOR FORCE

 

55.1%White Collar
44.9%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,093 per month.

MY RENT : $2,093 MEDIAN RENT : $2,167

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,093 would therefore be considered affordable for annual household incomes greater than $83,720 (12 months x 3.333 x $2,093).

Rent % Affordability
Above $500 94.6%
Above $700 80.4%
Above $1,100 68.6%
Above $1,500 53.6%
Above $1,900 40.5%
HOUSEHOLD INCOME RANGE

Approximately 17 of households in this neighborhood have a total annual income of $83,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,093 per month.

MINIMUM INCOME RANGE : $83,720

Income % Distribution
<$20K 5.4%
$20K-$35K 21.4%
$35K-$60K 19.6%
$60K-$100K 26.8%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.7%
10-14 mins 6.7%
15-19 mins 10.0%
20-29 mins 16.7%
30-44 mins 35.0%
45-59 mins 5.0%
>60 mins 15.0%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,093 per month.

MY RENT : $2,093 MEDIAN RENT : $2,167

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
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 $2,093 would therefore be considered affordable for annual household incomes greater than $83,720 (12 months x 3.333 x $2,093).

Rent % Affordability
Above $500 94.6%
Above $700 80.4%
Above $1,100 68.6%
Above $1,500 53.6%
Above $1,900 40.5%
HOUSEHOLD INCOME RANGE

Approximately 17 of households in this neighborhood have a total annual income of $83,720 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,093 per month.

MINIMUM INCOME RANGE : $83,720

Income % Distribution
<$20K 5.4%
$20K-$35K 21.4%
$35K-$60K 19.6%
$60K-$100K 26.8%
>=$100K 26.8%
COMMUTE TIME DISTRIBUTION

62% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 20% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 11.7%
10-14 mins 6.7%
15-19 mins 10.0%
20-29 mins 16.7%
30-44 mins 35.0%
45-59 mins 5.0%
>60 mins 15.0%

Cambridge at Waters Edge Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.7%
Arts & Entertainment 13.8%
Construction 15.4%
Health Care & Social Assistance 7.7%
Manufacturing 13.8%
Retail & Wholesale Trader 13.8%
Other 27.7%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 36% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 18.9%
15-19 6.8%
20-24 10.6%
25-44 21.2%
45-65 34.8%
66+ 7.6%
OCCUPATION

Occupation % Distribution
Clean 8.5%
Healthcare 8.5%
Management, Business, & Financial 14.9%
Natural Resources Maintenance 14.9%
Production & Transportation 10.6%
Sales & Office 21.3%
Other 21.3%
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 8.6%
High School 34.4%
Masters Degree 6.5%
Some College 25.8%
Some High School 10.8%
Other 14.0%

697 Shoreline Dr Comps

Sorry, we do not have sufficient data available.

697 Shoreline Dr, Grayslake, IL 60030 is a single family home of 2,456 sqft. HomeUnion INVESTimateĀ® for 697 Shoreline Dr includes a Price Estimate of $249,724 and a Rent Estimate of $2,093. This single family home has 0 bedrooms,3 bathrooms, and was built in 2005. This property has an estimated 15 year annualized Yield of 10.06% and Total Return of 15.45%. The estimated 1 year forecast in home value for 697 Shoreline Dr is 3.67%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , LAKE County , or the 60030 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Similar Investment Properties By Bed/Bath within 2 miles

No Properties available

Nearest zipcodes within 2 miles

  1. 60031
  2. 60046
  3. 60048