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Lansing 60438
3423 Monroe Street
$220,000
● House - Off Market

3423 Monroe Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,167 Ft²
$199,960
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Don't Miss this FANTASTIC Fully-Updated 3 Bed 2 Bath Ranch of over 2,100 finished square feet in Move-In Condition!!! Special Features Include:  Luxurious Kitchen w/Corian Counters, Breakfast Bar, and Stainless Steel Appliances. Real Hardwood Floors, Crown Molding,  and Updated Fixtures throughout the first floor.   A Fully-Finished Basement w/Flex Room finished w/Canned Lights and Bath.  Full-Yard Privacy Fence to Garage and additional Parking Pad.  All recently updated Plumbing, Electric, HVAC, Windows, Siding.   A stones throw from Fox Pointe and easy walking distance to Downtown Lansing and Nearby Schools, Shopping, and Dining, this property checks ALL the boxes.   Contact your agent to schedule a tour NOW!!!  Submit Your Best Offer by 8 p.m. Sunday!
Unit Size
1,167 Ft²
Days on Market
-
Land Size
-
Price per sqft
$163
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1955

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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 #11296122)

Price History

Date / Event Date Event Price
Feb 4, 2022 Sold
Premium
Sold
Dec 31, 2021 Listed by eXp Realty, LLC $189,900
Listed by eXp Realty, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 15
  • Floor Count: 100
  • 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: 3,585
  • Total Building Area: 1,167
  • Gross Building Area: 1,167
  • Building Area: 1,167
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,167
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH LANSING
  • Land Acres: 0000000082
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (NORTH)(LANSING) SUB OF WH EH NW SEC 32-36-15

Neighborhood

  • School District Name: Thornton Fractional Township High School District 215
  • Census Tract: 828100

Geography

  • District: 37
  • Parcel: 30-32-113-009-0000
  • Block: 5
  • Lot: 9,10
  • Meridian: SEC 32 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.569
  • Longitude: -87.5335

    Address

  • Full Address: 3423 Monroe St
  • Address - House Number: 3423
  • Address - Street Name: Monroe
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C004
  • 4-Digit Zip Code: 2311
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $206,152
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.265
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 117,428
  • High Value: 148,556
  • Low Value: 86,300

    Market Valuation

  • Market Total Value: $56,620
  • Market Land Value: $15,240
  • Market Improvement Value: $41,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,662
  • Assessed Land Value: $1,524
  • Assessed Improvements Value: $4,138

    Sales

  • Current Sale Contract Date: Jan 13, 2022
  • Current Sale Recording Date: Feb 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2204712064
  • Previous Sale Recording Date: Jan 04, 2017
  • Previous Sale Contract Date: Sep 30, 2016
  • Previous Sale Amount: $142,500
  • Previous Sale Document Type: 71

    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:

$211,500

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1452 ft²

Average Home Age

66.9 years

Currently For Sale

81 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 18245 Burnham Avenue, Lansing, IL, 60438

$1,600 /mo

  • 2 Beds
  • 1 Bath
  • 915 ft²
18245 Burnham Avenue #5, Lansing, IL, 60438 Listing by Sheila Barney-Shannon
Unit for rent at 18326 Walter Street, Lansing, IL, 60438

$2,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,623 ft²
18326 Walter Street, Lansing, IL, 60438 Listing by Wesley Thompson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Tony Mitidiero, eXp Realty, LLC
Last Updated: 3 years ago
Data Source: MRED, MLS# 11296122
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 Monroe Street built and last sold?
The property at 3423 Monroe Street was built in 1955 and last sold on Jan 13, 2022 for $220,000.
How much is this home worth?
The estimated value of the home located at 3423 Monroe Street is $191,446.
What are some comparable homes to 3423 Monroe Street?
There are currently no comparable homes to 3423 Monroe Street.
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