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Lansing 60438
18408 Chicago Avenue
$119,000
● House - Off Market

18408 Chicago Avenue

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
$131,517
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Affordable Cape Cod that's updated & move in ready. Updated kitchen. Fresh paint and new carpet just installed. Newer furnace, newer windows. Large two car garage with good sized yard. Great location by schools, parks & shopping!
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1941

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11315726)

Price History

Date / Event Date Event Price
Feb 3, 2022 Sold
Premium
Sold
Feb 1, 2022 Listed by Foundation Real Estate Co. $124,900
Listed by Foundation Real Estate Co.
Jan 15, 2022 No longer available -
No longer available
Dec 24, 2021 In contract -
In contract
Dec 16, 2021 Price Decreased $124,900
↓ $5K (3.9%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 5
  • 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: 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: 1,098
  • Gross Building Area: 1,098
  • Building Area: 1,098
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,098
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGEWOOD GARDENS ADD
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-31-419-015-0000
  • Block: 9
  • Lot: 1
  • Meridian: SEC 31 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5608
  • Longitude: -87.5445

    Address

  • Full Address: 18408 Chicago Ave
  • Address - House Number: 18408
  • 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: $603,451
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 171,425
  • High Value: 216,408
  • Low Value: 126,442

    Market Valuation

  • Market Total Value: $130,000
  • Market Land Value: $27,200
  • Market Improvement Value: $102,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,000
  • Assessed Land Value: $2,720
  • Assessed Improvements Value: $10,280

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 08, 2022
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2203921300
  • Previous Sale Recording Date: Aug 27, 2021
  • Previous Sale Contract Date: Aug 09, 2021
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 27
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:

$213,000

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1452 ft²

Average Home Age

66.9 years

Currently For Sale

81 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
Unit for rent at 2531 183rd Street, Lansing, IL, 60438

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 801 ft²
2531 183rd Street, Lansing, IL, 60438 Listing by Cecilia Favela

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Aaron Westerfield, Foundation Real Estate Co.
Last Updated: 3 years ago
Data Source: MRED, MLS# 11315726
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 18408 Chicago Avenue built and last sold?
The property at 18408 Chicago Avenue was built in 1941 and last sold on Feb 3, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 18408 Chicago Avenue is $0.
What are some comparable homes to 18408 Chicago Avenue?
There are currently no comparable homes to 18408 Chicago Avenue.
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