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Lansing 60438
2881 173RD Place
$258,750
● House - Off Market

2881 173RD Place

Lansing, IL 60438
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,194 Ft²
$1,694
Est. Monthly
10.60%
Cap Rate

About This Property

Welcome to 2881 173rd Pl, Lansing, IL 60438! This well-maintained and beautifully updated 4-bedroom, 2-bathroom tri-level home offers a perfect blend of modern upgrades and comfortable living. The completely remodeled kitchen features new appliances, sleek finishes, and ample storage space. Large windows throughout the home bring in plenty of natural light, creating a bright and inviting atmosphere. The spacious bedrooms and bathrooms exude a luxurious, hotel-like feel, making every day feel like a retreat. Additional upgrades include a new A/C condenser, water heater, and recently replaced windows for added efficiency. Located on a quiet, no-thru-traffic street, this home provides a peaceful setting with easy access to major expressways. Don't miss out on this move-in-ready gem-schedule your showing today!
Unit Size
1,194 Ft²
Days on Market
-
Land Size
-
Price per sqft
$209
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1972

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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: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 24
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Lot Size Depth Feet: 500
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,174
  • Gross Building Area: 1,174
  • Building Area: 1,174
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,174
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW MANOR
  • Land Acres: 0000000144
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (LAKEVIEW) (MANOR) SUB OF PT OF SW NE SEC 30-36-15

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 827902

Geography

  • District: 37
  • Parcel: 30-30-215-074-0000
  • Lot: 23
  • Meridian: SEC 30 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5799
  • Longitude: -87.5471

    Address

  • Full Address: 2881 173rd Pl
  • Address - House Number: 2881
  • Address - Street Name: 173rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lansing
  • Carrier Code: C024
  • 4-Digit Zip Code: 1201
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $324,677
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 188,189
  • High Value: 237,572
  • Low Value: 138,807

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $25,000
  • Market Improvement Value: $125,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,500
  • Assessed Improvements Value: $12,500

    Sales

  • Current Sale Contract Date: Oct 26, 2009
  • Current Sale Recording Date: Nov 16, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 0932046026
  • Previous Sale Recording Date: Jul 26, 2000
  • Previous Sale Contract Date: Jul 14, 2000
  • Previous Sale Amount: $116,000
  • 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:

$214,900

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

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MRED

Listed by: Hugo Galicia, Home First Realty Inc
Data Source: MRED, MLS# MRD12313657
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 2881 173rd Place built and last sold?
The property at 2881 173rd Place was built in 1972 and last sold on Oct 26, 2009 for $135,000.
How much is this home worth?
The estimated value of the home located at 2881 173rd Place is $0.
What are some comparable homes to 2881 173rd Place?
There are currently no comparable homes to 2881 173rd Place.
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