OZ Pitch Day - June 13, 2024
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OZ Pitch Day - June 13, 2024
Census Tract 2, Normal, Illinois
Census Tract 2 is a Low-Income CommunityOpportunity Zone located in Normal, Illinois.
This 0.4 square milecensus tract has a population of approximately 4,400and is the only Opportunity Zone in McLean County.
The adjacent map shows the location of this Opportunity Zone in Illinois.
Census Tract 2 Demographics
The charts below illustrate how this Opportunity Zone compares to the broader city, county, and state on various socioeconomic indicators:
Median Household Income
$7K |
This Opportunity Zone has a median household incomeof approximately $7,400, which is 89% lowerthan the median household income for the state of Illinois of $69,000.
Poverty Rate
91% |
The percentage of households below the poverty line in this Opportunity Zone is 91%, which is 80% higherthan the rate for the state of Illinois of 11%.
Median Home Value
$0 |
This Opportunity Zone has a median home valueof approximately $0, which is 100% lowerthan the median home value for the state of Illinois of $210,000.
Education
86% |
This Opportunity Zone has a percentage of population with high school diplomaof approximately 86%, which is 4% lowerthan the rate for the state of Illinois of 90%.
Median Age
20 |
This Opportunity Zone has a median ageof approximately 20, which is 49% 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 |