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Lansing 60438
18845 Park Avenue
$214,000
● House - Off Market

18845 Park Avenue

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,047 Ft²
$1,761
Est. Monthly
7.21%
Cap Rate

About This Property

This beautifully renovated home features stunning hardwood floors throughout and an updated kitchen equipped with modern stainless steel appliances, new shaker-style cabinets, and elegant stone countertops. Enjoy the spacious finished basement, perfect for recreation or additional living space.  The property includes a 2.5 car garage, ideal for car enthusiasts or mechanics. The generously sized fenced-in yard offers privacy and a great outdoor space for relaxation or entertaining.   Nestled on a quiet street, the home is conveniently located near parks, shopping, and schools.  Please note that the taxes do not reflect a homeowners exemption of approximately 1400 per the assessor. Don't miss the chance to explore the 3-D tour, and be sure to schedule your private showing today!
Unit Size
1,047 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$208
Property Type
House
Property Taxes
$692
HOA Dues
-
Year Built
1962

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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: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • 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: 4
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,127
  • Total Building Area: 1,047
  • Gross Building Area: 1,047
  • Building Area: 1,047
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,047
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000187
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828505

Geography

  • District: 12
  • Parcel: 33-06-203-037-0000
  • Meridian: SEC 06 TWN 35N RNG 15E
  • Municipality: BLOOM
  • Latitude: 41.5526
  • Longitude: -87.5433

    Address

  • Full Address: 18845 Park Ave
  • Address - House Number: 18845
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lansing
  • Carrier Code: C015
  • 4-Digit Zip Code: 3441
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $668,684
  • Tax Rate Code Area: 12030

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 219,094
  • High Value: 241,246
  • Low Value: 196,942

    Market Valuation

  • Market Total Value: $194,580
  • Market Land Value: $34,540
  • Market Improvement Value: $160,040

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,458
  • Assessed Land Value: $3,454
  • Assessed Improvements Value: $16,004

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 23, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 10075
  • Previous Sale Recording Date: Feb 01, 2021
  • Previous Sale Contract Date: Dec 28, 2020
  • Previous Sale Amount: $57,500
  • Previous Sale Document Type: 54
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:

$213,950

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1451 ft²

Average Home Age

66 years

Currently For Sale

85 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 20067 Orchard Avenue, Lynwood, IL, 60411

$2,200 /mo

  • 3 Beds
  • 1 Bath
  • 1,084 ft²
20067 Orchard Avenue, Lynwood, IL, 60411 Listing by Danny Jaimes

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Neil Gates, Chase Real Estate LLC
Data Source: MRED, MLS# MRD12341586
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 18845 Park Avenue built and last sold?
The property at 18845 Park Avenue was built in 1962 and last sold on Jan 3, 2023 for $150,000.
How much is this home worth?
The estimated value of the home located at 18845 Park Avenue is $0.
What are some comparable homes to 18845 Park Avenue?
There are currently no comparable homes to 18845 Park Avenue.
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