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Lansing 60438
3548 173rd Street
$218,000
● House - Off Market

3548 173rd Street

Lansing, IL 60438
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,400 Ft²
$1,568
Est. Monthly
8.31%
Cap Rate

About This Property

Step into this charming ranch-style gem! Boasting 3 bedrooms and 1.5 stylish baths, this home is designed for both relaxation and entertainment. The heart of the home features hardwood floors throughout, complemented by beautiful granite countertops and stainless steel appliances that provides both function and flair in your kitchen.    The sizable backyard is a perfect retreat for outdoor gatherings or simply enjoying the fresh air. Conveniently located near schools, shopping destinations, and major expressways, this home offers the ideal blend of tranquility and accessibility.    Don't miss out on this exceptional opportunity and schedule your tour today. Fall in love with your future home!
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$154
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1963

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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: 2 years ago (MRED MLS #12162784)

Price History

Date / Event Date Event Price
Dec 2, 2024 Sold
Premium
Sold
Oct 19, 2024 In contract -
In contract
Oct 6, 2024 Relisted $215,000
Relisted
Sep 21, 2024 In contract -
In contract
Sep 12, 2024 Listed by Signature Realty Services $215,000
Listed by Signature Realty Services

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • 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: 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: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,675
  • Total Building Area: 1,285
  • Gross Building Area: 1,285
  • Building Area: 1,285
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 24
  • Heated Square Feet: 1,285
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST ADD TO KAPTURS
  • Land Acres: 0000000199
  • Standard Land Use Code: 1001
  • County Land Use Code: 2-03
  • Legal Description 1: (FIRST) ADD TO (KAPTURS) SUB OF PT OF EH NW SEC 29-36-15

Neighborhood

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

Geography

  • District: 37
  • Parcel: 30-29-116-004-0000
  • Lot: 15
  • Meridian: SEC 29 TWN 36N RNG 15E
  • Municipality: THORNTON
  • Latitude: 41.5817
  • Longitude: -87.5307

    Address

  • Full Address: 3548 173rd St
  • Address - House Number: 3548
  • Address - Street Name: 173rd
  • Address - Suffix Type: St
  • State: IL
  • City Name: Lansing
  • Carrier Code: C018
  • 4-Digit Zip Code: 1478
  • Zip Code: 60438

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $491,239
  • Tax Rate Code Area: 37072

    Appraisal Valuation

  • Standard Deviation: 0.2283
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 198,945
  • High Value: 244,372
  • Low Value: 153,518

    Market Valuation

  • Market Total Value: $160,000
  • Market Land Value: $34,700
  • Market Improvement Value: $125,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,000
  • Assessed Land Value: $3,470
  • Assessed Improvements Value: $12,530

    Sales

  • Current Sale Contract Date: Nov 14, 2017
  • Current Sale Recording Date: Nov 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1732018122
  • Previous Sale Recording Date: Dec 21, 2016
  • Previous Sale Contract Date: Dec 01, 2016
  • Previous Sale Amount: $50,000
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: UNK
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:

$214,900

Sale Price/ft²

$154

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1464 ft²

Average Home Age

64.4 years

Currently For Sale

79 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 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: Chanan Dozier, Signature Realty Services
Last Updated: 2 years ago
Data Source: MRED, MLS# 12162784
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 3548 173rd Street built and last sold?
The property at 3548 173rd Street was built in 1963 and last sold on Nov 14, 2017 for $137,000.
How much is this home worth?
The estimated value of the home located at 3548 173rd Street is $0.
What are some comparable homes to 3548 173rd Street?
There are currently no comparable homes to 3548 173rd Street.
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