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Lansing 60438
2466 188th Street
$179,900
● House - Off Market

2466 188th Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,078 Ft²
$179,231
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model
Unit Size
1,078 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$167
Property Type
House
Property Taxes
$261
HOA Dues
-
Year Built
1949

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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
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,305
  • Total Building Area: 1,078
  • Gross Building Area: 1,078
  • Building Area: 1,078
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,078
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PETERS FIRST ADD TO LANSING
  • Land Acres: 0000000237
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (PETERS)(FIRST) ADD TO (LANSING) SUB OF PT LYING W OF LINE DRAWN ACROSS NH WHICH IS 1592.77FT W OF & PARALLEL WITH E LINE OF

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828505

Geography

  • District: 12
  • Parcel: 33-06-105-021-0000
  • Block: 4
  • Lot: 24
  • Meridian: SEC 06 TWN 35N RNG 15E
  • Municipality: BLOOM
  • Latitude: 41.554
  • Longitude: -87.5556

    Address

  • Full Address: 2466 188th St
  • Address - House Number: 2466
  • Address - Street Name: 188th
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C017
  • 4-Digit Zip Code: 4106
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $309,373
  • Tax Rate Code Area: 12030

    Appraisal Valuation

  • Standard Deviation: 0.1011
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 90
  • Final Value: 122,832
  • High Value: 135,251
  • Low Value: 110,413

    Market Valuation

  • Market Total Value: $96,030
  • Market Land Value: $20,610
  • Market Improvement Value: $75,420

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,603
  • Assessed Land Value: $2,061
  • Assessed Improvements Value: $7,542

    Sales

  • Current Sale Contract Date: Oct 24, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 49115
  • Previous Sale Recording Date: Oct 31, 2022
  • Previous Sale Contract Date: Oct 17, 2022
  • Previous Sale Amount: $84,000
  • 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:

$215,000

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1420 ft²

Average Home Age

63.6 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

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
Unit for rent at 18326 Walter Street, Lansing, IL, 60438

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,623 ft²
18326 Walter Street, Lansing, IL, 60438 Listing by Wesley Thompson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Vladislav Georgiev, EHomes Realty, Ltd
Data Source: MRED, MLS# MRD11878830
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 2466 188th Street built and last sold?
The property at 2466 188th Street was built in 1949 and last sold on Oct 24, 2023 for $180,000.
How much is this home worth?
The estimated value of the home located at 2466 188th Street is $0.
What are some comparable homes to 2466 188th Street?
There are currently no comparable homes to 2466 188th Street.
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