Multifamily Investor Expo - Feb 15th
Census Tract 8, Springfield, Illinois
Census Tract 8 is a Low-Income CommunityOpportunity Zone located in Springfield, Illinois.
This 0.5 square milecensus tract has a population of approximately 2,000and is one of 5 Opportunity Zones in Sangamon County.
The adjacent map shows the location of this Opportunity Zone in Illinois.
Census Tract 8 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 $25,000, which is 64% 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 49%, which is 38% higherthan the rate for the state of Illinois of 11%.
Median Home Value
This Opportunity Zone has a median home valueof approximately $50,000, which is 76% 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 74%, which is 16% lowerthan the rate for the state of Illinois of 90%.
This Opportunity Zone has a median ageof approximately 25, which is 36% 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.