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Lansing 60438
2242 176th Place
$60,000
● House - Off Market

2242 176th Place

Lansing, IL 60438
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
704 Ft²
$609
Est. Monthly
33.09%
Cap Rate

About This Property

Great home.  Property sold as-is/where-is. Taxes paid through 2024 1st installment. No prorations for the 2024 2nd installment or 2025 tax years or any years thereafter. No survey delivered.
Unit Size
704 Ft²
Days on Market
-
Land Size
-
Price per sqft
$98
Property Type
House
Property Taxes
$270
HOA Dues
-
Year Built
1942

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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: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 7,920
  • Total Building Area: 704
  • Gross Building Area: 704
  • Building Area: 704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 704
  • 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: 2-02
  • Legal Description 1: LOT 20 & E2 LOT 21 IN FRANKS MANOR OF PART LOT 3 OF SE4 SE4 S2 NE4 SE4 S2 NE4 SE4 IN SEC25 T36N R14E 3P

Neighborhood

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

Geography

  • District: 37
  • Parcel: 29-25-406-021-0000
  • Lot: 20
  • Meridian: SEC 25 TWN 36N RNG 14E
  • Municipality: THORNTON
  • Latitude: 41.575
  • Longitude: -87.5619

    Address

  • Full Address: 2242 176th Pl
  • Address - House Number: 2242
  • 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: $242,341
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37262

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 133,649
  • High Value: 164,166
  • Low Value: 103,131

    Market Valuation

  • Market Total Value: $100,000
  • Market Land Value: $33,660
  • Market Improvement Value: $66,340

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $10,000
  • Assessed Land Value: $3,366
  • Assessed Improvements Value: $6,634
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 861 Campbell Avenue, Calumet City, IL, 60409

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 720 ft²
861 Campbell Avenue, Calumet City, IL, 60409 Listing by Jaiva Birch

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Laura McNellis, McSully Properties LLC
Data Source: MRED, MLS# MRD12469355
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 2242 176th Place built and last sold?
The property at 2242 176th Place was built in 1942 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2242 176th Place is $0.
What are some comparable homes to 2242 176th Place?
There are currently no comparable homes to 2242 176th Place.
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