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Lansing 60438
2980 173rd Place
$190,000
● House - Off Market

2980 173rd Place

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,242 Ft²
$192,870
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

3-BEDROOM, 2-BATH TRI-LEVEL HOME WITH OVERSIZED 2-CAR DETACHED GARAGE. LIGHT-FILLED LIVING ROOM WITH ADJACENT DINING ROOM FEATURES A VAULTED CEILING AND LAMINATE FLOORING. THE EAT-IN KITCHEN OFFERS A DISHWASHER, GARBAGE DISPOSAL, NEW STOVE, ABOVE-STOVE MICROWAVE AND REFRIGERATOR. THE UPPER LEVEL LEADS TO THE FULL BATH WITH LINEN CLOSET, MASTER BEDROOM, AND 2 SPACIOUS BEDROOMS. THE LOWER LEVEL LEADS TO THE FINISHED REC. ROOM, 3/4 BATH WITH STAND-UP SHOWER, LAUNDRY/UTILITY ROOM, AND ACCESS TO THE WELL LIT CRAWLSPACE. THE OVERSIZED 2-CAR GARAGE OFFERS A LARGE ATTIC AND ATTACHED SCREENED-IN PORCH. THE GARAGE IS LARGE ENOUGH TO ADD WORK BENCHES, CABINETS, TOOLS, AND MUCH MORE.
Unit Size
1,242 Ft²
Days on Market
-
Land Size
-
Price per sqft
$137
Property Type
House
Property Taxes
$252
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.

Last updated: 3 years ago (MRED MLS #11177928)

Price History

Date / Event Date Event Price
Sep 17, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by Realty Executives Premier Indiana $169,900
Listed by Realty Executives Premier Indiana

Property Highlights

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: 6
  • 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: 4
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,350
  • Total Building Area: 1,242
  • Gross Building Area: 1,242
  • Building Area: 1,242
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,242
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEVIEW MANOR
  • Land Acres: 0000000146
  • 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: 30-30-215-058-0000
  • Lot: 7
  • Meridian: SEC 30 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5809
  • Longitude: -87.5451

    Address

  • Full Address: 2980 173rd Pl
  • Address - House Number: 2980
  • Address - Street Name: 173rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lansing
  • Carrier Code: C024
  • 4-Digit Zip Code: 1204
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $167,451
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2528
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 184,637
  • High Value: 231,321
  • Low Value: 137,952

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $25,400
  • Market Improvement Value: $144,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $2,540
  • Assessed Improvements Value: $14,460

    Sales

  • Current Sale Contract Date: Sep 17, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2127404128
  • Previous Sale Recording Date: Jun 16, 1995
  • Previous Sale Contract Date: Jun 14, 1995
  • Previous Sale Amount: $114,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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:

$210,000

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1463 ft²

Average Home Age

66.7 years

Currently For Sale

76 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 17037 Greenbay Avenue, Lansing, IL, 60438

$2,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,000 ft²
17037 Greenbay Avenue, Lansing, IL, 60438 Listing by Diana Nufio

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Carol Dobrzynski, Realty Executives Premier Indiana
Last Updated: 3 years ago
Data Source: MRED, MLS# 11177928
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 2980 173rd Place built and last sold?
The property at 2980 173rd Place was built in 1972 and last sold on Sep 17, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 2980 173rd Place is $174,776.
What are some comparable homes to 2980 173rd Place?
There are currently no comparable homes to 2980 173rd Place.
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