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Lansing 60438
18400 Chicago Avenue
$239,900
● House - Off Market

18400 Chicago Avenue

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,887 Ft²
$1,546
Est. Monthly
8.16%
Cap Rate

About This Property

Welcome home to this move in ready 4 bedroom, 2 bathroom cape cod. Main floor features a bright living room, eat in kitchen with stainless fridge and stove, 2 bedrooms and a full bath.  Head upstairs to the finished attic perfect for a primary bedroom and additional loft space for a home office or sitting area. Basement features a large finished family room, 4th bedroom and laundry room with plenty of storage for all your needs.  Large fully fenced backyard and detached 2.5 car garage is perfect for all your entertaining needs. Conveniently located by schools, shopping and restaurants. Schedule your showing today!
Unit Size
1,887 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$127
Property Type
House
Property Taxes
$368
HOA Dues
-
Year Built
1941

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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.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 150
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 0
  • Garage Type: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,400
  • Total Building Area: 832
  • Gross Building Area: 832
  • Building Area: 832
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 832
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD GARDENS
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02
  • Legal Description 1: (RIDGEWOOD)(GARDENS) SUB OF WH OF SE EXCEPT NW & G T RR WH SE SEC 31-36-15

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828100

Geography

  • District: 37
  • Parcel: 30-31-419-013-0000
  • Block: 9
  • Lot: 1
  • Meridian: SEC 31 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.561
  • Longitude: -87.5444

    Address

  • Full Address: 18400 Chicago Ave
  • Address - House Number: 18400
  • Address - Street Name: Chicago
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lansing
  • Carrier Code: C013
  • 4-Digit Zip Code: 3016
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $488,860
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2629
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 163,781
  • High Value: 206,848
  • Low Value: 120,714

    Market Valuation

  • Market Total Value: $166,000
  • Market Land Value: $27,200
  • Market Improvement Value: $138,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,600
  • Assessed Land Value: $2,720
  • Assessed Improvements Value: $13,880

    Sales

  • Current Sale Contract Date: Dec 21, 2022
  • Current Sale Recording Date: Jan 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 46057
  • Previous Sale Recording Date: Sep 12, 2016
  • Previous Sale Contract Date: Sep 01, 2016
  • Previous Sale Amount: $70,000
  • Previous Sale Document Type: 68
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:

$214,950

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1452 ft²

Average Home Age

67.6 years

Currently For Sale

82 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 18116 Wildwood Avenue, Lansing, IL, 60438

$2,100 /mo

  • 4 Beds
  • 1 Bath
  • 1,450 ft²
18116 Wildwood Avenue, Lansing, IL, 60438 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Ryan Larson, Baird & Warner
Data Source: MRED, MLS# MRD12395702
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 18400 Chicago Avenue built and last sold?
The property at 18400 Chicago Avenue was built in 1941 and last sold on Dec 21, 2022 for $185,000.
How much is this home worth?
The estimated value of the home located at 18400 Chicago Avenue is $0.
What are some comparable homes to 18400 Chicago Avenue?
There are currently no comparable homes to 18400 Chicago Avenue.
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