Tag Archives: church rental

Chicago Real Estate Statistics: Porker’s Index

Harper’s Index has always been one of my favorite sources for trivia. I’ve nicked their format once before and it was a blast. Since Friday is the day when I count things for you it’s time I return to that format for a smattering of curious figures.

Number of true search results in Amazon’s library for:

  • “How to be a good landlord”: 91
  • “How to be a good homeowner”: 100
  • “How to be a good tenant”: 0
  • “How to be a good manager”: 2,535
    Source: Amazon.com as of June 10, 2012

Number of Google search results for:

  • “I hate my tenants”: 47,500
  • “I love my tenants”: 118,000
  • “I hate my landlord”: 985,000
  • “I love my landlord”: 3,480,000
  • “I hate my job”: 6,130,000
  • “I love my job”: 29,600,000
    Source: Google.com as of June 10, 2012

Number of new Chicago Craigslist postings in an hour for:

  • Apartments for rent: 950
  • Jobs – all categories: 26 (note: Craigslist charges to post job ads in Chicago)
  • Computers for sale: 15
  • Missed connections: 6
    Source: chicago.craigslist.org between 6:25pm and 7:25pm on June 10, 2012

Average student loan debt for 2010 grads:

  • Illinois state average for 4-year college graduates in 2010: $23,885
  • School of the Art Institute of Chicago: $39,306
  • University of Chicago $22,359
  • NEIU: $10,976
    Source: projectonstudentdebt.org

Other things you could buy for $23,885:

  • 3/4 of a year’s rent in a luxury 2 bedroom Chicago West side Loft condo (Source: ConnectMLS)
  • A 2012 Ford Mustang. (Source: [1])
  • 28.8 Top end Ipads with Cell service. (Source: apple.com)
  • 31.4% of one year of an average Chicago public school teacher’s salary (Source: [2])
  • 55.4% of one year of an average rookie Chicago cop’s salary (Source: [3])
  • 871 shares of Facebook stock today.
  • 42 shares of Google stock today.
  • 19% of a single share of Berkshire Hathaway stock today.
    Stock sources: Google Finance

Average list price per square foot per month for:

  • Lakeview 2 bedroom rental (assuming 700 sq ft per 2 bed): $3.27
  • Lakeview 2 bedroom condo purchase distributed over 30 years: $1.30
  • Lakeview storefront rental up to 700 sq ft: $1.83
    Source: ConnectMLS

US National Interest rate averages as of mid-June 2012:

  • 36 month new car loan 3.44%
  • Standard 30 yr Fixed Mortgage: 4.21%
  • Stafford student loan: 6.8%
  • PLUS student loan: 8.5%
  • Average Business credit card w/o “rewards” APR: 13.13%
  • Average “Student” credit card APR: 13.16%
  • Target Credit Card: 25.24%
  • Chicago payday loan, repaid in 2 weeks: 405%
    Sources: (Bankrate.com, [4], [5], [6])

Base Rent rates for interesting commercial spaces:

  • 7500 sq ft of storefront space on Division in Wicker Park: $23750/mo
  • 8000 sq ft next to Circuit Nightclub on North Halsted: $13000/mo
  • 2400 sq ft former 7-11 with parking lot in Lincoln Square: $4800/mo
  • 6250 sq ft dog care facility w. equipment on Western in Roscoe Village: $3500/mo
  • 5000 sq ft church in Austin for Sunday afternoons and one weeknight: $1500/mo
    Source (Loopnet)