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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

724 Prospect Ave Kirkland, IL 60146

2 Beds 1 Baths 1,015 sqft Built 2004
Last updated:  Dec 26, 2019

INVESTimate

$113,572

$101K - $126K

Price Est.

$1,048

982 - $1.1K

Rent Est.

$118,467  ( +4.31%)   1 YR EST. FORECAST
  
  
  

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724 Prospect Ave PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $111.89
CONSTRUCTION
  • Beds : 2
  • Floor Size : 1,015 sqft
  • Baths : 1 Full

724 Prospect Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
HIAWATHA ELEMENTARY SCHOOL Primary Regular 439 17 6
HIAWATHA ELEMENTARY SCHOOL Middle Regular 439 17 6
HIAWATHA HIGH SCHOOL High Regular 162 19 7

HIAWATHA ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 439
  • # of teachers: 17
6
GreatSchools Rating

HIAWATHA ELEMENTARY SCHOOL

  • Education Level: Middle
  • # of students: 439
  • # of teachers: 17
6
GreatSchools Rating

HIAWATHA HIGH SCHOOL

  • Education Level: High
  • # of students: 162
  • # of teachers: 19
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Colonial Estates

  • 167

    POPULATION
  • 53

    HOUSEHOLDS
  • 44.3%

    WHITE COLLAR

Neighborhood : Colonial Estates

HOUSEHOLDS
53
POPULATION

167

21.2%Renters
78.8%Home Owners
LABOR FORCE

 

44.3%White Collar
55.7%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,048 per month.

MY RENT : $1,048 MEDIAN RENT : $1,163

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 96.6%
>=$1,500 3.4%
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 $1,048 would therefore be considered affordable for annual household incomes greater than $41,920 (12 months x 3.333 x $1,048).

Rent % Affordability
Above $500 92.3%
Above $700 83.1%
Above $1,100 68.8%
Above $1,500 50.0%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 30 of households in this neighborhood have a total annual income of $41,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,048 per month.

MINIMUM INCOME RANGE : $41,920

Income % Distribution
<$20K 7.7%
$20K-$35K 15.4%
$35K-$60K 26.9%
$60K-$100K 30.8%
>=$100K 19.2%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 4.5%
10-14 mins 6.0%
15-19 mins 6.0%
20-29 mins 17.9%
30-44 mins 23.9%
45-59 mins 13.4%
>60 mins 23.9%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 91% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,048 per month.

MY RENT : $1,048 MEDIAN RENT : $1,163

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 96.6%
>=$1,500 3.4%
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 $1,048 would therefore be considered affordable for annual household incomes greater than $41,920 (12 months x 3.333 x $1,048).

Rent % Affordability
Above $500 92.3%
Above $700 83.1%
Above $1,100 68.8%
Above $1,500 50.0%
Above $1,900 28.5%
HOUSEHOLD INCOME RANGE

Approximately 30 of households in this neighborhood have a total annual income of $41,920 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,048 per month.

MINIMUM INCOME RANGE : $41,920

Income % Distribution
<$20K 7.7%
$20K-$35K 15.4%
$35K-$60K 26.9%
$60K-$100K 30.8%
>=$100K 19.2%
COMMUTE TIME DISTRIBUTION

48% of the working population has a commute time of 15 to 44 minutes, 15% has a commute time of 14 minutes or less and 37% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.5%
5-9 mins 4.5%
10-14 mins 6.0%
15-19 mins 6.0%
20-29 mins 17.9%
30-44 mins 23.9%
45-59 mins 13.4%
>60 mins 23.9%

Colonial Estates Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.9%
Construction 9.2%
Health Care & Social Assistance 10.5%
Manufacturing 15.8%
Retail & Wholesale Trader 13.2%
Transportation 11.8%
Other 31.6%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 41% is 24 or younger and 9% is 65 or older.

Age % Distribution
<15 24.0%
15-19 9.6%
20-24 7.2%
25-44 25.7%
45-65 24.6%
66+ 9.0%
OCCUPATION

Occupation % Distribution
Healthcare 8.3%
Management, Business, & Financial 16.7%
Natural Resources Maintenance 18.8%
Production & Transportation 27.1%
Protect 2.1%
Sales & Office 18.8%
Other 8.3%
HIGHEST EDUCATION LEVEL

16% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 12.0%
High School 37.0%
Masters Degree 4.3%
Some College 27.2%
Some High School 9.8%
Other 9.8%

724 Prospect Ave Comps

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724 Prospect Ave, Kirkland, IL 60146 is a single family home of 1,015 sqft. HomeUnion INVESTimateĀ® for 724 Prospect Ave includes a Price Estimate of $113,572 and a Rent Estimate of $1,048. This single family home has 2 bedrooms,1 bathrooms, and was built in 2004. This property has an estimated 15 year annualized Yield of 11.07% and Total Return of 17.62%. The estimated 1 year forecast in home value for 724 Prospect Ave is 4.31%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , DEKALB County , or the 60146 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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