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Census Tract 8516, Elgin, Illinois
Census Tract 8516 is a Low-Income CommunityOpportunity Zone located in Elgin, Illinois.
This 0.7 square milecensus tract has a population of approximately 6,800and is one of 10 Opportunity Zones in Kane County.
The adjacent map shows the location of this Opportunity Zone in Illinois.
Census Tract 8516 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
This Opportunity Zone has a median household incomeof approximately $59,000, which is 14% lowerthan the median household income for the state of Illinois of $69,000.
The percentage of households below the poverty line in this Opportunity Zone is 17%, which is 6% higherthan the rate for the state of Illinois of 11%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $140,000, which is 33% lowerthan the median home value for the state of Illinois of $210,000.
This Opportunity Zone has a percentage of population with high school diplomaof approximately 65%, which is 25% lowerthan the rate for the state of Illinois of 90%.
This Opportunity Zone has a median ageof approximately 37, which is 5% lowerthan the median age for the state of Illinois of 39.
Illinois OZ Funds
There are 11QOZ Fundsin the OpportunityDb database with an investment objective that specifically identify Illinoisas a target market. Additional OZ funds may also invest in Illinois; see a complete list of Opportunity Zone Funds here.
|Fund Name||Asset Classes||Property Types||Fund Size|
|Eagle OZ Fund I Premium Listing||Real Estate||Multi-Family Housing||$7M|
|CI Chicago Opportunity Zone I||Business, Real Estate||Mixed-Use||$100M|
|Community Outcome Fund||Business, Real Estate||Commercial, Infrastructure, Mixed-Use, Residential||$500M|
|Connect UP! Integrated Capital Fund||Business, Real Estate||Affordable Housing, Commercial, Infrastructure, Residential, Workforce Housing||$50M|
|First Harvest Opportunity Fund||Business||Farmland||$100M|
|ODG Fund I||Real Estate||Commercial, Mixed-Use, Multi-Family Housing, Residential||$650M|
|Origin Investments QOZ Fund||Real Estate||Commercial, Residential||$200M|
|P2P Electric||Business, Real Estate||Commercial, Education, Energy Development||$500K|
|Revolution Wealth Opportunity Zone Fund||Business, Real Estate||Energy Development, Infrastructure, Mixed-Use||$6B|
|Urban Array Opportunity Fund||Business, Real Estate||Commercial, Office, Residential||$5M|
|Woodforest CEI-Boulos Opportunity Fund||Real Estate||Workforce Housing||$22M|
There are no Opportunity Zone Funds in the OpportunityDb databasewith a focus specifically on Illinois properties.