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Lansing 60438
18326 Locust Street
$244,000
● House - Off Market

18326 Locust Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,320 Ft²
$251,663
RealtyHop Estimate
14.44%
Since Sep 1, 2021
National-US
Primary Model

About This Property

Beautifully updated split-level featuring brand new cabinets and new flooring in the living room, family room, and upstairs hallway. Some other updates include entire house painted 2020, new baseboards 2020, new furnace 2021, drive way 2016. Theres simply too many updates to list them all. Come see in person before it's too late! This one wont last! Truly move-in ready.Multiple Offers were Received. HIGHEST AND BEST BY FRIDAY JULY 2ND, AT 6PM.
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$167
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1964

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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 #11140254)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jun 30, 2021 Listed by MVG Real Estate Inc $219,900
Listed by MVG Real Estate Inc

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,000
  • Total Building Area: 1,280
  • Gross Building Area: 1,280
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THIRD ADD TO FOREST GLEN
  • Land Acres: 0000000138
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (THIRD) ADD TO (FOREST) (GLEN) SUB SUB OF PT SE SEC 36-36-14

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828202

Geography

  • District: 37
  • Parcel: 29-36-408-025-0000
  • Lot: 129
  • Meridian: SEC 36 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5623
  • Longitude: -87.5636

    Address

  • Full Address: 18326 Locust St
  • Address - House Number: 18326
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C010
  • 4-Digit Zip Code: 2515
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $669,960
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 236,711
  • High Value: 290,762
  • Low Value: 182,660

    Market Valuation

  • Market Total Value: $210,000
  • Market Land Value: $33,000
  • Market Improvement Value: $177,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,000
  • Assessed Land Value: $3,300
  • Assessed Improvements Value: $17,700

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127829021
  • Previous Sale Recording Date: Sep 08, 1998
  • Previous Sale Contract Date: Aug 25, 1998
  • Previous Sale Amount: $115,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
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:

$215,000

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1436 ft²

Average Home Age

66.3 years

Currently For Sale

84 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

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MRED

Listed by: Saul Gutierrez, MVG Real Estate Inc
Last Updated: 3 years ago
Data Source: MRED, MLS# 11140254
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 18326 Locust Street built and last sold?
The property at 18326 Locust Street was built in 1964 and last sold on Jul 23, 2021 for $244,000.
How much is this home worth?
The estimated value of the home located at 18326 Locust Street is $0.
What are some comparable homes to 18326 Locust Street?
There are currently no comparable homes to 18326 Locust Street.
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