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Lansing 60438
2206 176th Place
$215,000
● House - Off Market

2206 176th Place

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,239 Ft²
$217,492
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

BEAUTIFUL BRICK RANCH LOCATED ON QUIET SUBURBAN BLOCK. NOTHING TO DO BUT MOVE IN! ALL FRESH AND UPDATED THROUGH OUT. SPACIOUS LIVING ROOM, 3 BEDROOMS AND 1.5 BATHS. YOU WILL LOVE THE LARGE EAT IN KITCHEN WITH NEW CABINETS, BEAUTIFUL COUNTER TOPS AND STAINLESS STEAL APPLIANCES. THE FINISHED BASEMENT IS HUGE AND PERFECT FOR FAMILY TV NIGHT OR  ENTERTAINING. SPACIOUS PRIVATE BACKYARD. 2 CAR GARAGE WITH SIDE DRIVE AND CIRCLE DRIVE AT FRONT OF THE PROPERTY.  5 MINUTES FROM EXPRESSWAY, SHOPPING AND TRANSPORTATION. SHORT NOTICE SHOWINGS ARE OK! CONVENTIONAL BUYER PREFERRED UNTIL FEBRUARY 25TH DUE TO 91 DAY FHA RULE!
Unit Size
1,239 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$174
Property Type
House
Property Taxes
$362
HOA Dues
-
Year Built
1972

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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.

Last updated: 3 years ago (MRED MLS #11311194)

Price History

Date / Event Date Event Price
Jun 8, 2022 Sold
Premium
Sold
Jan 25, 2022 Listed by Elite Executives Real Estate $215,000
Listed by Elite Executives Real Estate

Property Highlights

Garage
Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 24
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,920
  • Total Building Area: 1,206
  • Gross Building Area: 1,206
  • Building Area: 1,206
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,206
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FRANKS MANOR
  • Land Acres: 0000000182
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FRANKS) (MANOR) SUB OF PT OF LOT 3 IN SUB OF PT OF S E OF SE & SH OF NE OF SE EX N 8RODS OF E 80RODS OF SH OF NE OF SE SEC 2

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828201

Geography

  • District: 37
  • Parcel: 29-25-406-026-0000
  • Lot: 3
  • Meridian: SEC 25 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.575
  • Longitude: -87.5632

    Address

  • Full Address: 2206 176th Pl
  • Address - House Number: 2206
  • Address - Street Name: 176th
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lansing
  • Carrier Code: C011
  • 4-Digit Zip Code: 1606
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $682,541
  • Tax Rate Code Area: 37262

    Appraisal Valuation

  • Standard Deviation: 0.2528
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 211,516
  • High Value: 264,996
  • Low Value: 158,035

    Market Valuation

  • Market Total Value: $193,000
  • Market Land Value: $33,660
  • Market Improvement Value: $159,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $19,300
  • Assessed Land Value: $3,366
  • Assessed Improvements Value: $15,934

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 12027
  • Previous Sale Recording Date: Nov 24, 2021
  • Previous Sale Contract Date: Nov 04, 2021
  • Previous Sale Amount: $75,000
  • 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:

$214,950

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1441 ft²

Average Home Age

64.3 years

Currently For Sale

91 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

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MRED

Listed by: Cheryl Gordon, Elite Executives Real Estate
Last Updated: 3 years ago
Data Source: MRED, MLS# 11311194
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 2206 176th Place built and last sold?
The property at 2206 176th Place was built in 1972 and last sold on Jun 2, 2022 for $215,000.
How much is this home worth?
The estimated value of the home located at 2206 176th Place is $0.
What are some comparable homes to 2206 176th Place?
There are currently no comparable homes to 2206 176th Place.
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