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Lansing 60438
3423 171st Street
$273,000
● House - Off Market

3423 171st Street

Lansing, IL 60438
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,248 Ft²
$1,940
Est. Monthly
10.52%
Cap Rate

About This Property

Fully renovated 4 bed, 2 bath home on a spacious corner lot. This move-in-ready gem features a brand-new kitchen with quartz counters, white cabinetry, tile backsplash, and stainless steel appliances. Both bathrooms are fully updated with modern finishes and designer tile. Enjoy new windows, new floors, new roof, updated plumbing and electric, plus all-new appliances. Bright, open layout with great natural light throughout. Convenient location near parks, schools, and expressways. A worry-free home with every major update completed - just move in and enjoy!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
-
Price per sqft
$220
Property Type
House
Property Taxes
$589
HOA Dues
-
Year Built
1968

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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: 1968
  • 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: 6,905
  • Lot Size Depth Feet: 750
  • Lot Size Frontage Feet: 920
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD TO WENTWORTH
  • Land Acres: 0000000159
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-34
  • Legal Description 1: (FIRST) ADD TO (WENTWORTH) ESTATES SUB OF PT OF EH OF NW SEC 29-36-15

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-29-118-012-0000
  • Lot: 59
  • Meridian: SEC 29 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5842
  • Longitude: -87.5338

    Address

  • Full Address: 3423 171st St
  • Address - House Number: 3423
  • Address - Street Name: 171st
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C018
  • 4-Digit Zip Code: 1153
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $706,904
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 196,512
  • High Value: 248,079
  • Low Value: 144,946

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $27,620
  • Market Improvement Value: $142,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $2,762
  • Assessed Improvements Value: $14,238

    Sales

  • Current Sale Contract Date: Jan 17, 2018
  • Current Sale Recording Date: Apr 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1810149102
  • Previous Sale Recording Date: Aug 03, 2011
  • Previous Sale Contract Date: Jul 12, 2011
  • Previous Sale Amount: $126,500
  • 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:

$213,000

Sale Price/ft²

$155

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1398 ft²

Average Home Age

65.6 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 17002 Greenbay Avenue, Lansing, IL, 60438

$2,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,200 ft²
17002 Greenbay Avenue, Lansing, IL, 60438 Listing by Rishab Chawla
Unit for rent at 861 Campbell Avenue, Calumet City, IL, 60409

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 720 ft²
861 Campbell Avenue, Calumet City, IL, 60409 Listing by Jaiva Birch

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Michael Scanlon, eXp Realty
Data Source: MRED, MLS# MRD12436889
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 3423 171st Street built and last sold?
The property at 3423 171st Street was built in 1968 and last sold on Jan 17, 2018 for $130,000.
How much is this home worth?
The estimated value of the home located at 3423 171st Street is $273,450.
What are some comparable homes to 3423 171st Street?
There are currently no comparable homes to 3423 171st Street.
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