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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

970 Leeward Ln Pingree Grove, IL 60140

4 Beds 3 Baths 3,282 sqft Built 2007
Last updated:  Nov 28, 2019

INVESTimate

$323,286

$300K - $346K

Price Est.

$2,309

$2.1K - $2.5K

Rent Est.

$345,334  ( +6.82%)   1 YR EST. FORECAST
  
  
  

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970 Leeward Ln PROPERTY INFO

FACTS
  • Built In 2007
  • Price/Sqft : $98.50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,282 sqft
  • Baths : 3 Full

970 Leeward Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
GARY D. WRIGHT ELEMENTARY SCHOOL Primary Regular 521 23 6
HAMPSHIRE MIDDLE SCHOOL Middle Regular 737 38 7
HAMPSHIRE HIGH SCHOOL High Regular 1,132 53 7

GARY D. WRIGHT ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 521
  • # of teachers: 23
6
GreatSchools Rating

HAMPSHIRE MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 737
  • # of teachers: 38
7
GreatSchools Rating

HAMPSHIRE HIGH SCHOOL

  • Education Level: High
  • # of students: 1,132
  • # of teachers: 53
7
GreatSchools Rating
 

Financial Details

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Neighborhood

Cambridge Lakes

  • 4,021

    POPULATION
  • 1,203

    HOUSEHOLDS
  • 60.0%

    WHITE COLLAR

Neighborhood : Cambridge Lakes

HOUSEHOLDS
1,203
POPULATION

4,021

10.6%Renters
89.4%Home Owners
LABOR FORCE

 

60.0%White Collar
40.0%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 $2,309 per month.

MY RENT : $2,309 MEDIAN RENT : $1,599

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.4%
>=$1,500 90.6%
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 $2,309 would therefore be considered affordable for annual household incomes greater than $92,360 (12 months x 3.333 x $2,309).

Rent % Affordability
Above $500 97.6%
Above $700 95.0%
Above $1,100 89.2%
Above $1,500 83.5%
Above $1,900 61.7%
HOUSEHOLD INCOME RANGE

Approximately 534 of households in this neighborhood have a total annual income of $92,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,309 per month.

MINIMUM INCOME RANGE : $92,360

Income % Distribution
<$20K 2.4%
$20K-$35K 6.3%
$35K-$60K 7.7%
$60K-$100K 42.4%
>=$100K 41.1%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 8.5%
10-14 mins 3.1%
15-19 mins 7.9%
20-29 mins 14.0%
30-44 mins 19.0%
45-59 mins 31.1%
>60 mins 15.6%
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 $2,309 per month.

MY RENT : $2,309 MEDIAN RENT : $1,599

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 9.4%
>=$1,500 90.6%
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 $2,309 would therefore be considered affordable for annual household incomes greater than $92,360 (12 months x 3.333 x $2,309).

Rent % Affordability
Above $500 97.6%
Above $700 95.0%
Above $1,100 89.2%
Above $1,500 83.5%
Above $1,900 61.7%
HOUSEHOLD INCOME RANGE

Approximately 534 of households in this neighborhood have a total annual income of $92,360 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,309 per month.

MINIMUM INCOME RANGE : $92,360

Income % Distribution
<$20K 2.4%
$20K-$35K 6.3%
$35K-$60K 7.7%
$60K-$100K 42.4%
>=$100K 41.1%
COMMUTE TIME DISTRIBUTION

41% of the working population has a commute time of 15 to 44 minutes, 12% has a commute time of 14 minutes or less and 47% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.8%
5-9 mins 8.5%
10-14 mins 3.1%
15-19 mins 7.9%
20-29 mins 14.0%
30-44 mins 19.0%
45-59 mins 31.1%
>60 mins 15.6%

Cambridge Lakes Demographics

INDUSTRY

Industry % Distribution
Construction 8.3%
Educational Services 10.1%
Financial Industries 12.0%
Health Care & Social Assistance 10.5%
Manufacturing 16.6%
Retail & Wholesale Trader 10.9%
Other 31.5%
AGE DISTRIBUTION

51% of the population is between the ages of 25 and 64, 41% is 24 or younger and 8% is 65 or older.

Age % Distribution
<15 26.7%
15-19 8.4%
20-24 6.2%
25-44 26.3%
45-65 24.2%
66+ 8.1%
OCCUPATION

Occupation % Distribution
Construction 7.0%
Healthcare 10.0%
Management, Business, & Financial 9.3%
Natural Resources Maintenance 7.4%
Production & Transportation 18.4%
Sales & Office 34.3%
Other 13.7%
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 6.8%
High School 23.8%
Masters Degree 8.5%
Some College 29.7%
Some High School 8.2%
Other 23.1%

970 Leeward Ln Comps

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970 Leeward Ln, Pingree Grove, IL 60140 is a single family home of 3,282 sqft. HomeUnion INVESTimate¬ģ for 970 Leeward Ln includes a Price Estimate of $323,286 and a Rent Estimate of $2,309. This single family home has 4 bedrooms,3 bathrooms, and was built in 2007. This property has an estimated 15 year annualized Yield of 8.57% and Total Return of 21.79%. The estimated 1 year forecast in home value for 970 Leeward Ln is 6.82%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in IL , KANE County , or the 60140 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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Nearest zipcodes within 2 miles

  1. 60124