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Lansing 60438
2209 182nd Street
$58,200
● House - Off Market

2209 182nd Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
921 Ft²
$35,271
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Rehab has started, and needs completion. This could be an opportunity for a rental or flip. Located conveniently   close to business district and the interstate.
Unit Size
921 Ft²
Days on Market
-
Land Size
-
Price per sqft
$38
Property Type
House
Property Taxes
$443
HOA Dues
-
Year Built
1938

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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 #11757009)

Price History

Date / Event Date Event Price
May 10, 2023 Sold
Premium
Sold
Apr 12, 2023 Listed by eXp Realty, LLC $35,000
Listed by eXp Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 28
  • 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,900
  • Total Building Area: 721
  • Gross Building Area: 721
  • Building Area: 721
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 721
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-02

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-36-400-009-0000
  • Meridian: SEC 36 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5645
  • Longitude: -87.5642

    Address

  • Full Address: 2209 182nd St
  • Address - House Number: 2209
  • Address - Street Name: 182nd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C025
  • 4-Digit Zip Code: 1744
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $545,922
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 127,758
  • High Value: 161,282
  • Low Value: 94,233

    Market Valuation

  • Market Total Value: $110,000
  • Market Land Value: $43,450
  • Market Improvement Value: $66,550

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $11,000
  • Assessed Land Value: $4,345
  • Assessed Improvements Value: $6,655

    Sales

  • Current Sale Contract Date: May 08, 2023
  • Current Sale Recording Date: May 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 41065
  • Previous Sale Recording Date: Feb 11, 2002
  • Previous Sale Contract Date: Feb 08, 2002
  • Previous Sale Amount: $45,000
  • Previous Sale Document Type: 27
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

1446 ft²

Average Home Age

64.3 years

Currently For Sale

80 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: Thomas Adams, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11757009
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 2209 182nd Street built and last sold?
The property at 2209 182nd Street was built in 1938 and last sold on May 8, 2023 for $58,500.
How much is this home worth?
The estimated value of the home located at 2209 182nd Street is $0.
What are some comparable homes to 2209 182nd Street?
There are currently no comparable homes to 2209 182nd Street.
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