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Lansing 60438
2206 Thornton Lansing Road
$150,000
● House - Off Market

2206 Thornton Lansing Road

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,246 Ft²
$1,010
Est. Monthly
13.52%
Cap Rate

About This Property

Lansing ranch home is on a huge 7682sf lot and has an attached garage. The home features three bedrooms, large eat in kitchen and a full basement. The home has new drain tile/pump, new furnace and a new concrete front stoop. Lot/room sizes may be estimated.
Unit Size
1,246 Ft²
Days on Market
-
Land Size
-
Price per sqft
$112
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,682
  • Lot Size Depth Feet: 1,390
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,246
  • Gross Building Area: 1,246
  • Building Area: 1,246
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,246
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BOLECKS SUB
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (BOLECKS) SUB SUB OF PT OF E 32RODS OF W 96RODS IN PT NE SEC 36-36-14

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-36-200-095-0000
  • Lot: 2
  • Meridian: SEC 36 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5684
  • Longitude: -87.5634

    Address

  • Full Address: 2206 Thornton Lansing Rd
  • Address - House Number: 2206
  • Address - Street Name: Thornton Lansing
  • Address - Suffix Type: Rd
  • State: IL
  • City Name: Lansing
  • Carrier Code: C011
  • 4-Digit Zip Code: 2115
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $387,518
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 172,856
  • High Value: 190,333
  • Low Value: 155,379

    Market Valuation

  • Market Total Value: $134,000
  • Market Land Value: $32,650
  • Market Improvement Value: $101,350

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $13,400
  • Assessed Land Value: $3,265
  • Assessed Improvements Value: $10,135

    Sales

  • Current Sale Contract Date: Jul 15, 2005
  • Current Sale Recording Date: Aug 10, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0522246077
  • Previous Sale Recording Date: May 05, 2005
  • Previous Sale Contract Date: Apr 15, 2005
  • Previous Sale Amount: $75,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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: Gary Weglarz, Applebrook Realty, Inc.
Data Source: MRED, MLS# MRD11940680
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 Thornton Lansing Road built and last sold?
The property at 2206 Thornton Lansing Road was built in 1956 and last sold on Jul 15, 2005 for $144,500.
How much is this home worth?
The estimated value of the home located at 2206 Thornton Lansing Road is $0.
What are some comparable homes to 2206 Thornton Lansing Road?
There are currently no comparable homes to 2206 Thornton Lansing Road.
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