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Lansing 60438
3423 Washington Street
$160,000
● House - Off Market

3423 Washington Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,182 Ft²
$1,172
Est. Monthly
11.92%
Cap Rate

About This Property

This classic farmhouse style 3 bedroom, 2 bath was recently updated with newer cabinets, appliances, flooring, water heater, furnace , central air and more. With 2 full bathrooms, 2 car garage and a full basement waiting for your finishing touches, it provides plenty of room. The great location is convenient to all Lansing amenities. Room sizes are estimated.
Unit Size
1,182 Ft²
Days on Market
-
Land Size
-
Price per sqft
$135
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1913

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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

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1913
  • Effective Year Built: 1913
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 7
  • Basement Area: 0
  • Garage Type: 11
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,170
  • Total Building Area: 1,182
  • Gross Building Area: 1,182
  • Building Area: 1,182
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,182
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORTH LANSING
  • Land Acres: 0000000165
  • 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: 30-32-120-007-0000
  • Block: 3
  • Lot: 10,9
  • Meridian: SEC 32 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.567
  • Longitude: -87.5336

    Address

  • Full Address: 3423 Washington St
  • Address - House Number: 3423
  • Address - Street Name: Washington
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C004
  • 4-Digit Zip Code: 2317
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $356,842
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2624
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 190,031
  • High Value: 239,897
  • Low Value: 140,165

    Market Valuation

  • Market Total Value: $129,000
  • Market Land Value: $30,470
  • Market Improvement Value: $98,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $12,900
  • Assessed Land Value: $3,047
  • Assessed Improvements Value: $9,853

    Sales

  • Current Sale Contract Date: Oct 30, 2019
  • Current Sale Recording Date: Jan 14, 2020
  • Current Sale Document Type: 34
  • Current Sale Input Document Number: 2001455154
  • Previous Sale Recording Date: Dec 31, 1998
  • Previous Sale Contract Date: Dec 18, 1998
  • Previous Sale Amount: $115,000
  • 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 1304 Freeland Avenue, Calumet City, IL, 60409

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 994 ft²
1304 Freeland Avenue, Calumet City, IL, 60409 Listing by Shakeeda Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Gary Weglarz, Applebrook Realty, Inc.
Data Source: MRED, MLS# MRD12286316
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 Washington Street built and last sold?
The property at 3423 Washington Street was built in 1913 and last sold on Oct 30, 2019 for $0.
How much is this home worth?
The estimated value of the home located at 3423 Washington Street is $0.
What are some comparable homes to 3423 Washington Street?
There are currently no comparable homes to 3423 Washington Street.
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