Interested in purchasing investment houses in the 60120 zip code in Elgin, IL?
The zip code 60120 is in both Cook and Kane counties with a latitude of -88.238470000000 and longitude of 42.034540000000, is in the state of Illinois. The average asking price of houses and condos is $162,151.00 and the average sale price was $105,824.00. this regions is classified as the Chicago metro area and consists of the following area codes: 224 and 847. The location in degrees is 42° 2' 4.344" N, 88° 14' 18.492" W. The county F.I.P.S. is 17089. This zip code contains six cities including Elgin, IL (56.12%), Hoffman Estates, IL (15.71%), Bartlett, IL (3.40%), South Elgin, IL (1.26%), Streamwood, IL (0.51%), and Wayne, IL (0.39%) The total land area is 16.5 square miles and the water area is 0.4 square miles. The elevation in this area is 758 - 820 feet. The zip code is on central standard time and observes daylight savings time.
The zip 60120 is in county number 043 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 51,124 in 2019 and 50,955 in 2010. Of this, the break down in 2019 was 51,064 urban and 59 rural. This further breaks down to 25,363 males (49.6%) and 25,761 females (50.4%). The median age of residents is 33.8 years. The population of the greater Chicago-Naperville-Joliet, IL-IN-WI area is 9,739,919. The population density (people per square mile) is 3,091. This zip code has a combined total of 16,977 houses and condos. There are 5,384 rented appartments. 34% of residents rent versus the 34% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $41,092 and the average salary is $37,888. The median household income of individuals is $65,019.00 and the average is $47,930.00. This zip code has a mean commute time to work of 28.1 minutes. The unemployment rate is 5.3%. Income earners by percent breakdown as 34.00% (Under $50,000), 40.40% ($50,000-$100,000), and 25.60% earn over $100,000. 12.3% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 101.2. The educational breakdown is 71.6% have a high school education or higher, 18.1% have a bachelor's degree or higher, and 6.2% have some kind of profesional degree.
This area has 15,546 households and the average size is 3.2 people. Individuals who are single and have never been married are 36.2%, 48.9% are now married, 2.5% are separated, 3.7% are widowed, and 8.6% are divorced. The average yearly contribution amount given by people to charity was $2,312 versus the state average of $4,525. The percent of residents who gave to charity was 23.8%.
The estimated median value of houses and condos is $187,535. The median monthly owner costs of mortgage holders was $1,535, where as the costs for those who don't have a mortgage are $676. The median number of rooms in houses and condos are 6.2 versus apartments which had a median number of 4.4.
The real estate tax percent rate is 2.6% which equated to an average real estate tax amount payment of $4,833. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 2.6% which amounted to an average tax amount of $4,992. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.5% which amounted to an average tax amount of $4,589. Reported taxable interest for persons was $717, dividends $2,621, capital gains +$2,320, and itemized deductions $19,211. The average earned income tax credit is $2,576. The percent of individuals that use a tax preparer is 63.1%. The total average income taxes paid by individuals was $8,053. Businesses reported an average profit of $7,795.
Toom Toom Thai Restaurant
23 S Grove Ave, Elgin, IL 60120
Blue Box Cafe
176 E Chicago St, Elgin, IL 60120
Panda Restaurant
1030 Summit St, Elgin, IL 60120
Gee N Jays
925 Dundee Ave, Elgin, IL 60120
Chinese Wok
840 Summit St Ste A, Elgin, IL 60120
Buckinghams Steakhouse and Lounge
250 S Grove Ave, Elgin, IL 60120
Al's Cafe & Creamery
43 Du Page Ct, Elgin, IL 60120
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