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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

8641 W Center Ave River Grove, IL 60171

0 Beds 1 Baths 768 sqft Built 1926
Last updated:  Jan 23, 2020

INVESTimate

$201,586

$188K - $215K

Price Est.

$1,180

$1.0K - $1.3K

Rent Est.

$214,104  ( +6.21%)   1 YR EST. FORECAST
  
  
  

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8641 W Center Ave PROPERTY INFO

FACTS
  • Built In 1926
  • Price/Sqft : $262.48
CONSTRUCTION
  • Beds : 0
  • Floor Size : 768 sqft
  • Baths : 1 Full

8641 W Center Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVER GROVE SCHOOL Primary Regular 591 42 6
RIVER GROVE SCHOOL Middle Regular 591 42 6

RIVER GROVE SCHOOL

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 42
6
GreatSchools Rating

RIVER GROVE SCHOOL

  • Education Level: Middle
  • # of students: 591
  • # of teachers: 42
6
GreatSchools Rating
 

Financial Details

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Neighborhood

River Grove

  • 10,302

    POPULATION
  • 4,152

    HOUSEHOLDS
  • 47.2%

    WHITE COLLAR

Neighborhood : River Grove

HOUSEHOLDS
4,152
POPULATION

10,302

40.2%Renters
59.8%Home Owners
LABOR FORCE

 

47.2%White Collar
52.8%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,180 per month.

MY RENT : $1,180 MEDIAN RENT : $1,407

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 54.7%
>=$1,500 45.3%
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 $1,180 would therefore be considered affordable for annual household incomes greater than $47,200 (12 months x 3.333 x $1,180).

Rent % Affordability
Above $500 77.6%
Above $700 67.4%
Above $1,100 53.3%
Above $1,500 36.4%
Above $1,900 25.6%
HOUSEHOLD INCOME RANGE

Approximately 1,744 of households in this neighborhood have a total annual income of $47,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,180 per month.

MINIMUM INCOME RANGE : $47,200

Income % Distribution
<$20K 22.4%
$20K-$35K 15.1%
$35K-$60K 26.1%
$60K-$100K 21.0%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.0%
10-14 mins 10.2%
15-19 mins 13.1%
20-29 mins 15.4%
30-44 mins 30.3%
45-59 mins 9.3%
>60 mins 14.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 80% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,180 per month.

MY RENT : $1,180 MEDIAN RENT : $1,407

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 54.7%
>=$1,500 45.3%
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 $1,180 would therefore be considered affordable for annual household incomes greater than $47,200 (12 months x 3.333 x $1,180).

Rent % Affordability
Above $500 77.6%
Above $700 67.4%
Above $1,100 53.3%
Above $1,500 36.4%
Above $1,900 25.6%
HOUSEHOLD INCOME RANGE

Approximately 1,744 of households in this neighborhood have a total annual income of $47,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,180 per month.

MINIMUM INCOME RANGE : $47,200

Income % Distribution
<$20K 22.4%
$20K-$35K 15.1%
$35K-$60K 26.1%
$60K-$100K 21.0%
>=$100K 15.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 18% has a commute time of 14 minutes or less and 24% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 6.0%
10-14 mins 10.2%
15-19 mins 13.1%
20-29 mins 15.4%
30-44 mins 30.3%
45-59 mins 9.3%
>60 mins 14.3%

River Grove Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.5%
Construction 9.4%
Health Care & Social Assistance 13.5%
Manufacturing 8.0%
Retail & Wholesale Trader 17.7%
Transportation 7.9%
Other 36.0%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 29% is 24 or younger and 14% is 65 or older.

Age % Distribution
<15 18.2%
15-19 5.6%
20-24 5.4%
25-44 28.9%
45-65 27.4%
66+ 14.4%
OCCUPATION

Occupation % Distribution
Clean 6.8%
Healthcare 5.1%
Management, Business, & Financial 9.0%
Natural Resources Maintenance 12.3%
Production & Transportation 18.1%
Sales & Office 33.9%
Other 14.7%
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 9.8%
High School 38.4%
Masters Degree 5.3%
Some College 23.3%
Some High School 10.0%
Other 13.2%

8641 W Center Ave Comps

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8641 W Center Ave, River Grove, IL 60171 is a single family home of 768 sqft. HomeUnion INVESTimateĀ® for 8641 W Center Ave includes a Price Estimate of $201,586 and a Rent Estimate of $1,180. This single family home has 0 bedrooms,1 bathrooms, and was built in 1926. This property has an estimated 15 year annualized Yield of 7.02% and Total Return of 12.65%. The estimated 1 year forecast in home value for 8641 W Center Ave is 6.21%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , COOK County , or the 60171 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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