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Lansing 60438
18864 Lorenz Avenue
$174,500
● House - Off Market

18864 Lorenz Avenue

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,023 Ft²
$169,368
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome home!  Perfect opportunity for a first time buyer or investor.  Home can use a little TLC, but has great potential.  Lovely tree lined street.  Home features three bedrooms and a full bath on the upper level.  Living room and eat in kitchen on the main level.  Hardwood floors throughout!  Large family room in the basement with a second bathroom that could be used at a 4th bedroom. 2 car detached garage.  Come visit and imagine the possibilities! AS-IS sale, no FHA offers please.
Unit Size
1,023 Ft²
Days on Market
-
Land Size
-
Price per sqft
$166
Property Type
House
Property Taxes
$549
HOA Dues
-
Year Built
1962

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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 #11809652)

Price History

Date / Event Date Event Price
Oct 4, 2023 Sold
Premium
Sold
Jun 15, 2023 Listed by eXp Realty, LLC $170,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • 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: 17
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,115
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 630
  • Total Building Area: 1,017
  • Gross Building Area: 1,017
  • Building Area: 1,017
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,017
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TOEPFERS OAKWOOD ESTATES UNIT2
  • Land Acres: 0000000186
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: THOMAS (TOEPFERS) (OAKWOOD) ESTATES (UNIT2) SUB OF PT SE NE SEC 06-35-15

Neighborhood

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

Geography

  • District: 12
  • Parcel: 33-06-203-015-0000
  • Lot: 51
  • Meridian: SEC 06 TWN 35N RNG 15E
  • Municipality: BLOOM
  • Latitude: 41.5521
  • Longitude: -87.5416

    Address

  • Full Address: 18864 Lorenz Ave
  • Legal Unit: 2
  • Address - House Number: 18864
  • Address - Street Name: Lorenz
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Lansing
  • Carrier Code: C015
  • 4-Digit Zip Code: 3433
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $683,764
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 12030

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 191,991
  • High Value: 242,371
  • Low Value: 141,611

    Market Valuation

  • Market Total Value: $193,090
  • Market Land Value: $34,490
  • Market Improvement Value: $158,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,309
  • Assessed Land Value: $3,449
  • Assessed Improvements Value: $15,860

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 22015
  • Previous Sale Recording Date: Sep 18, 2003
  • Previous Sale Contract Date: Aug 12, 2003
  • Previous Sale Amount: $137,000
  • 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:

$215,000

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1420 ft²

Average Home Age

63.6 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

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: Michael Scanlon, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11809652
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 18864 Lorenz Avenue built and last sold?
The property at 18864 Lorenz Avenue was built in 1962 and last sold on Sep 21, 2023 for $170,000.
How much is this home worth?
The estimated value of the home located at 18864 Lorenz Avenue is $0.
What are some comparable homes to 18864 Lorenz Avenue?
There are currently no comparable homes to 18864 Lorenz Avenue.
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