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Lansing 60438
2218 Thornton Lansing Road
$139,900
● House - Off Market

2218 Thornton Lansing Road

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,056 Ft²
$147,637
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Charming freshly painted cape cod featuring 3 bed 1 bath w/ long driveway leading to oversized 2 car garage. Welcoming porch lead the way to cozy living room w/ new wood laminate floors flowing throughout the entire main level. Spacious updated kitchen w/ granite countertops and classic subway tile backsplash and separate dining room perfect for entertaining. Deck off side door leads to large partially fenced in yard. Full finished basement w/ office and recreational room & plenty of storage. New sewer line w/ cleanout installed July 2021.
Unit Size
1,056 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$132
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1888

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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

Building Info

Overview

    General

  • Year Built: 1888
  • Effective Year Built: 1888
  • Building Count: 1
  • Total Rooms: 5
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,775
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 730
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MUETSCHOWS SUB
  • Land Acres: 0000000293
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: MARTIN (MUETSCHOWS) SUB OF E 32RODS OF W 128RODS OF P T LYING N OF THORNTON RD NE SEC 36-36-14

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-36-200-092-0000
  • Lot: 4
  • Meridian: SEC 36 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.5684
  • Longitude: -87.563

    Address

  • Full Address: 2218 Thornton Lansing Rd
  • Address - House Number: 2218
  • 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: $577,910
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 174,096
  • High Value: 191,699
  • Low Value: 156,494

    Market Valuation

  • Market Total Value: $125,000
  • Market Land Value: $54,290
  • Market Improvement Value: $70,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,500
  • Assessed Land Value: $5,429
  • Assessed Improvements Value: $7,071

    Sales

  • Current Sale Contract Date: Oct 21, 2022
  • Current Sale Recording Date: Nov 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 68
  • Current Sale Input Document Number: 28328
  • Previous Sale Recording Date: Aug 10, 2018
  • Previous Sale Contract Date: Jul 31, 2018
  • Previous Sale Amount: $46,000
  • 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

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1407 ft²

Average Home Age

65.1 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

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MRED

Listed by: Lupe Ocampo, Coldwell Banker Realty
Data Source: MRED, MLS# MRD11400145
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 2218 Thornton Lansing Road built and last sold?
The property at 2218 Thornton Lansing Road was built in 1888 and last sold on Oct 21, 2022 for $140,000.
How much is this home worth?
The estimated value of the home located at 2218 Thornton Lansing Road is $0.
What are some comparable homes to 2218 Thornton Lansing Road?
There are currently no comparable homes to 2218 Thornton Lansing Road.
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