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Lansing 60438
3515 173RD Place
$267,000
● House - Off Market

3515 173RD Place

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,330 Ft²
$263,248
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

THIS SPACIOUS BRIGHT & SUNNY RANCH HAS BEEN COMPLETELY REMODELED WITH REAL HARDWOOD FLOORS IN THE LIVING, DINING ROOM COMBO AND 3 OVERSIZED BEDROOMS WITH HUGE CLOSETS. THE KITCHEN HAS STAINLESS APPLIANCES, NEW VINYL WOOD FLOORING, SUBWAY TILE BACKSPLASH WITH WALK IN PANTRY, NEW LIGHTING, NEW BATHS, NEW ROOF AND GUTTERS TOO! THE BASEMENT HAS NEW WINDOWS, NEW SUMP PUMP, AND NEW INJECTOR PUMP IT IS HUGE AND COULD BE RELATED LIVING AREA WITH ITS OWN KITCHEN. THE PERENNIAL PLANTS ARE IN FULL BLOOM. THE BACK YARD HAS A HUGE SHED WITH NEW SIDING, AND ROOF. THE YARD IS FENCED AND SO PEACEFUL. HOME WARRANTY INCLUDED! NOTHING TO DO BUT MOVE IN AND MAKE IT YOUR OWN.
Unit Size
1,330 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
House
Property Taxes
$215
HOA Dues
-
Year Built
1961

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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 #11792539)

Price History

Date / Event Date Event Price
Sep 20, 2023 No longer available -
No longer available
Sep 13, 2023 Sold
Premium
Sold
May 25, 2023 Listed by NextHome Select Realty $264,900
Listed by NextHome Select Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 3
  • Exterior Walls Type: 24
  • 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: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,742
  • Total Building Area: 1,329
  • Gross Building Area: 1,329
  • Building Area: 1,329
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,329
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KAPTURS SUB
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (KAPTURS) SUB OF N 498 FT OF S 801 FT OF PT LYING E O F W 20 ACS OF EH OF NW EXCEPT E 50 FT SAID TRACT & EXCEPT S 432 FT OF N

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-29-105-065-0000
  • Block: 3
  • Lot: 3
  • Meridian: SEC 29 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5804
  • Longitude: -87.5315

    Address

  • Full Address: 3515 173rd Pl
  • Address - House Number: 3515
  • Address - Street Name: 173rd
  • Address - Suffix Type: Pl
  • State: IL
  • City Name: Lansing
  • Carrier Code: C018
  • 4-Digit Zip Code: 1311
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $654,644
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 187,486
  • High Value: 230,297
  • Low Value: 144,675

    Market Valuation

  • Market Total Value: $170,000
  • Market Land Value: $34,970
  • Market Improvement Value: $135,030

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $17,000
  • Assessed Land Value: $3,497
  • Assessed Improvements Value: $13,503

    Sales

  • Current Sale Contract Date: Sep 13, 2023
  • Current Sale Recording Date: Sep 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13081
  • Previous Sale Recording Date: Feb 09, 2023
  • Previous Sale Contract Date: Jan 26, 2023
  • Previous Sale Amount: $150,000
  • 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:

$213,000

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1409 ft²

Average Home Age

64.5 years

Currently For Sale

88 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
Unit for rent at 18116 Wildwood Avenue, Lansing, IL, 60438

$2,100 /mo

  • 4 Beds
  • 1 Bath
  • 1,450 ft²
18116 Wildwood Avenue, Lansing, IL, 60438 Listing by Rishab Chawla

Rentals Near You

Click here to view more rentals in the neighborhood.
MRED

Listed by: Genelle Chisholm, NextHome Select Realty
Last Updated: 3 years ago
Data Source: MRED, MLS# 11792539
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 3515 173rd Place built and last sold?
The property at 3515 173rd Place was built in 1961 and last sold on Sep 13, 2023 for $267,000.
How much is this home worth?
The estimated value of the home located at 3515 173rd Place is $0.
What are some comparable homes to 3515 173rd Place?
There are currently no comparable homes to 3515 173rd Place.
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