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Lansing 60438
3414 173rd Street
$225,000
● House - Off Market

3414 173rd Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,482 Ft²
$231,038
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

This solid all brick home can be yours today. The living room & formal dining room are open concept and feature newer engineered hardwood flooring, trim, recessed lighting & freshly painted. The eat in kitchen has newer cherry kitchen cabinets with hardware, quartz counter tops,  backsplash, new light fixtures, and flooring. Upstairs you will find 3 generous sized bedrooms, all have hardwood floors.  The beautifully updated full bath with deep soaking tub and stone surround off of the master bedroom common to the hall. The Master bedroom has huge double closets. Head downstairs to a huge rec room that is great for entertaining, Remodeled 2nd bath, and laundry. 2 heat systems, hot water heat & forced air heating with central air conditioner. Seller is providing a 1 year home HMS home warranty to the new owner.
Unit Size
1,482 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$135
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #11091195)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
May 17, 2021 Listed by Realty Executives Premier Indiana $199,900
Listed by Realty Executives Premier Indiana

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 12
  • 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: 6,700
  • Total Building Area: 1,482
  • Gross Building Area: 1,482
  • Building Area: 1,482
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,482
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WENTWORTH ESTATES
  • Land Acres: 0000000154
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-29-114-006-0000
  • Lot: 20
  • Meridian: SEC 29 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5818
  • Longitude: -87.5339

    Address

  • Full Address: 3414 173rd St
  • Address - House Number: 3414
  • Address - Street Name: 173rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C018
  • 4-Digit Zip Code: 1306
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $810,447
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2528
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 64
  • Final Value: 224,437
  • High Value: 281,185
  • Low Value: 167,690

    Market Valuation

  • Market Total Value: $180,000
  • Market Land Value: $26,800
  • Market Improvement Value: $153,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $18,000
  • Assessed Land Value: $2,680
  • Assessed Improvements Value: $15,320

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2121712199
  • Previous Sale Recording Date: Feb 16, 2016
  • Previous Sale Contract Date: Jan 20, 2016
  • Previous Sale Amount: $117,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: FIX
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# 11091195
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 3414 173rd Street built and last sold?
The property at 3414 173rd Street was built in 1973 and last sold on Jul 30, 2021 for $225,000.
How much is this home worth?
The estimated value of the home located at 3414 173rd Street is $206,013.
What are some comparable homes to 3414 173rd Street?
There are currently no comparable homes to 3414 173rd Street.
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