NOT LISTED FOR SALE

17702 Exchange Ave Lansing, IL 60438

9 Beds
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold September 04, 2024

Last sale price $390,000

4 Days on Market

About This Home

As of September 2024

This is a Meticulously maintained 4 Unit building. New Roof 2023, New Parking Lot 2019, New Boiler 2018. Current owner replaced the concrete front & back steps, windows and siding are roughly 10 years old. The interior of the units have various updates including new kitchen cabinets, tile bathrooms & flooring. There are 3 (2bed/1bath) and 1 (3bed/1.5Bath w/ Finished Basement) Units. Market Rent for the regular 2 beds are $1250-$1400 and market rent for the larger 3 bed with basement is $1400-$1800. Landlord pays for boiler heat, common electric, water & garbage. Tenant pays for the their own electric.

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 07/24/2024

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 07/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,948

Year Built

  • Built in 1974 | Remodeled in 2018

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 55x185

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Potential Bedrooms
  • 5 Bathrooms

Partially Finished Basement

  • Partial Basement

Parking

  • 8 Parking Spaces
  • Uncovered Parking

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $800
  • Fuel Expense $1,800
  • Insurance Expense $3,080
  • Maintenance Expense $1,250
  • Trash Expense $1,300
  • Water Sewer Expense $1,200
  • Gross Income $44,160
  • Net Operating Income $20,808

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,948

Year Built

Built in 1974 | Remodeled in 2018

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1974
  • Age: 41-50 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2018
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2018

Interior Features

  • Basement: Partial
  • Total Bathrooms: 5
  • Total Bedrooms: 9
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 1

Exterior Features

  • List Price: 399000
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 8
  • Parking: Space/s
  • Parking On-Site: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Radiator(s)
  • Water Source: Public

Fee Information

  • Trash Expense: 1300
  • Water Sewer Expenses: 1200
  • Other Expenses $: 975

Schools

  • Middle/Junior School District: 158

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 55X185
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 20808
  • Fuel Expense: 1800
  • Insurance Expense: 3080
  • ElectricExpense: 800
  • GrossIncome: 44160
  • Maintenance Expense: 1250
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 12947.65
  • Tax Year: 2023

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2024 09/04/24 Sold $390,000 -2.3% --
07/29/2024 07/29/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $399,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12119957

Midwest Real Estate Data (MRED)