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Lansing 60438
17855 School Street
$58,900
● House - Off Market

17855 School Street

LANSING, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,243 Ft²
$104,865
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

This home features a double lot 3 bedrooms, 1 full bath, with updates and ready to go.  This would be a great starter home or investment property.  Attic is open and can be a large master, 2 car garage, CA.  ****THIS HOME HAS BEEN PRICED FOR QUICK SALE ****  2nd parcel inclued 0000
Unit Size
1,243 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$52
Property Type
House
Property Taxes
$327
HOA Dues
-
Year Built
1913

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (MRED MLS #09295005)

Price History

Date / Event Date Event Price
May 12, 2017 Sold
Premium
Sold
Jul 21, 2016 Listed by John Sandridge $64,900
Listed by John Sandridge

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 750
  • Total Building Area: 829
  • Gross Building Area: 829
  • Building Area: 829
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 829
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEMMELHAACK & RUSTS
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828000

Geography

  • District: 37
  • Parcel: 30-31-200-020-0000
  • Block: 2
  • Lot: 25-27
  • Meridian: SEC 31 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5704
  • Longitude: -87.5489

    Address

  • Full Address: 17855 School St
  • Address - House Number: 17855
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C016
  • 4-Digit Zip Code: 1822
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $592,403
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 166,313
  • High Value: 204,289
  • Low Value: 128,337

    Market Valuation

  • Market Total Value: $135,000
  • Market Land Value: $26,560
  • Market Improvement Value: $108,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,500
  • Assessed Land Value: $2,656
  • Assessed Improvements Value: $10,844

    Sales

  • Current Sale Contract Date: Jul 31, 2014
  • Current Sale Recording Date: Aug 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1423957185
  • Previous Sale Recording Date: Nov 10, 2003
  • Previous Sale Contract Date: Oct 09, 2003
  • Previous Sale Amount: $76,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lansing

Stats & Trends

Median Asking:

$214,900

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1436 ft²

Average Home Age

66.7 years

Currently For Sale

83 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1278 Burnham Avenue, Calumet City, IL, 60409

$2,150 /mo

  • 3 Beds
  • 1 Bath
  • 1,147 ft²
1278 Burnham Avenue, Calumet City, IL, 60409 Listing by Syed Zaidi
Unit for rent at 1304 Freeland Avenue, Calumet City, IL, 60409

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 994 ft²
1304 Freeland Avenue, Calumet City, IL, 60409 Listing by Shakeeda Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: , John Sandridge
Last Updated: 3 years ago
Data Source: MRED, MLS# 09295005
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 17855 School Street built and last sold?
The property at 17855 School Street was built in 1913 and last sold on Jul 31, 2014 for $105,000.
How much is this home worth?
The estimated value of the home located at 17855 School Street is $0.
What are some comparable homes to 17855 School Street?
There are currently no comparable homes to 17855 School Street.
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