Interested in purchasing investment houses in the 60616 zip code in Chicago, IL?
The zip code 60616 is in Cook county with a latitude of -87.627210000000 and longitude of 41.845220000000, is in the state of Illinois. The average asking price of houses and condos is $411,349.00 and the average sale price was $304,065.00. this regions is classified as the Chicago metro area and is in the 312 area code. The location in degrees is 41° 50' 42.792" N, 87° 37' 37.956" W. The county F.I.P.S. is 17031. The total land area is 4.0 square miles and the water area is 0.6 square miles. The elevation in this area is 584 - 591 feet. The zip code is on central standard time and observes daylight savings time.
The zip 60616 is in county number 031 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 54,788 in 2019 and 48,433 in 2010. This further breaks down to 26,083 males (47.6%) and 28,704 females (52.4%). The median age of residents is 38.4 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 13,529. This zip code has a combined total of 26,794 houses and condos. There are 15,560 rented appartments. 62% of residents rent versus the 62% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $53,120 and the average salary is $50,468. The median household income of individuals is $41,111.00 and the average is $67,390.00. This zip code has a mean commute time to work of 30.4 minutes. The unemployment rate is 4.4%. Income earners by percent breakdown as 57.20% (Under $50,000), 27.90% ($50,000-$100,000), and 14.90% earn over $100,000. 21.3% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 106.0. The educational breakdown is 84.4% have a high school education or higher, 46.9% have a bachelor's degree or higher, and 23.6% have some kind of profesional degree.
This area has 21,421 households and the average size is 2.1 people. Individuals who are single and have never been married are 44.6%, 38.5% are now married, 1.5% are separated, 6.3% are widowed, and 9.1% are divorced. The average yearly contribution amount given by people to charity was $3,877 versus the state average of $4,525. The percent of residents who gave to charity was 20.1%.
The estimated median value of houses and condos is $362,574. The median monthly owner costs of mortgage holders was $2,350, where as the costs for those who don't have a mortgage are $817. The median number of rooms in houses and condos are 4.8 versus apartments which had a median number of 3.3.
The real estate tax percent rate is 1.4% which equated to an average real estate tax amount payment of $5,010. 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 1.3% which amounted to an average tax amount of $5,004. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.5% which amounted to an average tax amount of $5,045. Reported taxable interest for persons was $1,040, dividends $3,035, capital gains +$5,508, and itemized deductions $23,248. The average earned income tax credit is $2,166. The percent of individuals that use a tax preparer is 55.7%. The total average income taxes paid by individuals was $9,054. Businesses reported an average profit of $9,289.
Italian Fiesta Pizzeria
1306 E 47th St, Chicago, IL 60653 (1.8 miles away)
La Luce
1393 W Lake St, Chicago, IL 60607 (2.5 miles away)
BLT Steak
151 W Adams St, Chicago, IL 60603 (2.6 miles away)
Greek Islands Restaurant
200 S Halsted St, Chicago, IL 60661 (2.8 miles away)
312 Chicago
136 N La Salle St, Chicago, IL 60602 (2.8 miles away)
South Water Kitchen
225 N Wabash Ave, Chicago, IL 60601 (3.1 miles away)
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