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Lansing 60438
1951 185th Street
$255,000
● House - Off Market

1951 185th Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,319 Ft²
$2,056
Est. Monthly
5.63%
Cap Rate

About This Property

Discover your new home in this well-maintained split-level property featuring 3 beds/2 baths. The main level welcomes you with a bright living room, dining area, and kitchen that opens directly to a back deck, perfect for outdoor gatherings. Downstairs, the versatile family room offers additional space, along with a full bathroom, laundry area, and access to the attached garage and basement. Upstairs, you'll find all three bedrooms and another full bathroom, providing a comfortable layout for your family. Conveniently located on a residential street, you're just moments away from stores, restaurants, parks, and public transportation. This charming home combines comfort with accessibility-don't miss out on the opportunity to make it yours!
Unit Size
1,319 Ft²
Days on Market
-
Land Size
-
Price per sqft
$189
Property Type
House
Property Taxes
$828
HOA Dues
-
Year Built
1978

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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: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,319
  • Gross Building Area: 1,319
  • Building Area: 1,319
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,319
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEJONG GARDENS
  • Land Acres: 0000000172
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (DEJONG) (GARDENS) SUB OF PT EH EH OF SW SEC 36-36-14

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-36-307-012-0000
  • Lot: 12
  • Meridian: SEC 36 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.559
  • Longitude: -87.569

    Address

  • Full Address: 1951 185th St
  • Address - House Number: 1951
  • Address - Street Name: 185th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C025
  • 4-Digit Zip Code: 2569
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $994,036
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2323
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 67
  • Final Value: 268,485
  • High Value: 330,859
  • Low Value: 206,111

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $41,250
  • Market Improvement Value: $188,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $4,125
  • Assessed Improvements Value: $18,875

    Sales

  • Current Sale Contract Date: Apr 04, 2017
  • Current Sale Recording Date: Jul 05, 2017
  • Current Sale Document Type: 64
  • Current Sale Input Document Number: 1718657135
  • Previous Sale Recording Date: Jul 28, 2005
  • Previous Sale Contract Date: Jun 30, 2005
  • Previous Sale Amount: $220,000
  • 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:

$213,950

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1467 ft²

Average Home Age

64 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 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: Angel Aguilar, Homes Realty of Chicago Inc
Data Source: MRED, MLS# MRD12192133
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 1951 185th Street built and last sold?
The property at 1951 185th Street was built in 1978 and last sold on Apr 4, 2017 for $0.
How much is this home worth?
The estimated value of the home located at 1951 185th Street is $250,825.
What are some comparable homes to 1951 185th Street?
There are currently no comparable homes to 1951 185th Street.
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