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Lansing 60438
3327 171st Street
$162,000
● House - Off Market

3327 171st Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,152 Ft²
$1,000
Est. Monthly
11.35%
Cap Rate

About This Property

This SOLID Lansing ranch is ready for your personal touches! Large living room is drenched in sunshine by the large bay window. All three bedrooms feature hardwood floors and each of the two bathrooms are conveniently on the main level. Eat in kitchen/dining combo. Head downstairs to your partially finished basement with gas fireplace and all the space you could want for a family room. You'll also find a massive utility room with additional refrigerator, dishwasher and range as well as cabinetry and plumbing for a future bathroom. Home backs to Reavis Elementary School and includes a landscaped yard and 2.5 car detached garage. NEW roof, dry full basement, mostly new windows. Great as an investment property, too! Home sold as is; estate sale -- seller unable to make any repairs.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
-
Price per sqft
$143
Property Type
House
Property Taxes
$189
HOA Dues
-
Year Built
1965

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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 #12007522)

Price History

Date / Event Date Event Price
Apr 26, 2024 Sold
Premium
Sold
Mar 18, 2024 Listed by Listing Leaders Homes & Specialty $165,000
Listed by Listing Leaders Homes & Specialty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 8
  • 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: 6,300
  • Total Building Area: 1,152
  • Gross Building Area: 1,152
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: REAVIS ESTATES
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (REAVIS) (ESTATES) SUB OF NH OF EH NW NW SEC 29-36-15

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-29-122-008-0000
  • Lot: 8
  • Meridian: SEC 29 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5849
  • Longitude: -87.536

    Address

  • Full Address: 3327 171st St
  • Address - House Number: 3327
  • Address - Street Name: 171st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C018
  • 4-Digit Zip Code: 1105
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $222,490
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 172,068
  • High Value: 217,221
  • Low Value: 126,916

    Market Valuation

  • Market Total Value: $150,000
  • Market Land Value: $25,200
  • Market Improvement Value: $124,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $2,520
  • Assessed Improvements Value: $12,480

    Sales

  • Current Sale Contract Date: Apr 26, 2010
  • Current Sale Recording Date: May 17, 2010
  • Current Sale Document Type: 40
  • Current Sale Input Document Number: 1013741087
  • Previous Sale Recording Date: Sep 08, 2004
  • Previous Sale Contract Date: Aug 27, 2004
  • Previous Sale Amount: $141,000
  • Previous Sale Document Type: 27
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

58

Average Home Size

1420 ft²

Average Home Age

64.4 years

Currently For Sale

89 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: Sarah Verpooten, Listing Leaders Homes & Specialty
Last Updated: 3 years ago
Data Source: MRED, MLS# 12007522
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 3327 171st Street built and last sold?
The property at 3327 171st Street was built in 1965 and last sold on Apr 26, 2010 for $0.
How much is this home worth?
The estimated value of the home located at 3327 171st Street is $0.
What are some comparable homes to 3327 171st Street?
There are currently no comparable homes to 3327 171st Street.
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