NOT LISTED FOR SALE

17719 Commercial Ave Lansing, IL 60438

10 Beds
6 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold October 24, 2024

Last sale price $415,000

16 Days on Market

About This Home

As of October 2024

Meticulously Maintained 5 Unit Building. Also for Sale is 17725 Commercial Ave which is an identical 5 Unit building next door, which shares a parking lot that has been recently completely replaced. There are a total of 5 Units, 1 (3Bed/2Bath), 3 (2Bed/1Bath) & 1 (1Bed/1Bath) Units. There are 9 parking spots in the back, and there is common laundry room in the basement. The Landlord pays for the Boiler Heat, Hot Water, Water, Common Electric & Garbage. Tenants are responsible for their own units electric bill. Many upgrades, major capital improvements, and preventive maintenance has been completed on this building. Current Rent Roll of $5,035 with upside to $7,000.

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 08/13/2024

Last Buyer's Agent

Vergis Eiland

@properties Christie's International Real Estate License #475139197

@properties Christie's International Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,470

Year Built

  • Built in 1975

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 130x65

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Electric Expense $1,101
  • Fuel Expense $3,222
  • Insurance Expense $2,095
  • Maintenance Expense $1,250
  • Other Expense $950
  • Trash Expense $1,670
  • Water Sewer Expense $1,334
  • Operating Expense $25,193
  • Gross Income $60,420
  • Net Operating Income $36,201

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,470

Year Built

Built in 1975

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Interior Entrance,Flats
  • Stories: 2
  • Year Built: 1975
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany,48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Room: 0

Utilities

  • Heat/Ventilation: Gas,Hot Water,Baseboard,Radiant

Fee Information

  • Trash Expense: 1670
  • Water Sewer Expenses: 1334

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 130X65

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 36201
  • Fuel Expense: 3222
  • Insurance Expense: 2095
  • ElectricExpense: 1101
  • GrossIncome: 60420
  • Maintenance Expense: 1250
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 25193
  • Type Multi-Family: Corridor-Interior Entrance,Flats

Tax Info

  • Tax Annual Amount: 13469.7
  • Tax Year: 2023
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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
10/24/2024 10/24/24 Sold $415,000 -7.8% --
08/29/2024 08/29/24 Pending -- -- --
08/13/2024 08/13/24 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,470 $27,840 $3,646 $24,194
2024 $13,470 $27,840 $3,646 $24,194
2023 $10,705 $31,000 $3,646 $27,354
2022 $10,705 $16,473 $3,217 $13,256
2021 $11,072 $17,514 $3,216 $14,298
2020 $10,275 $17,514 $3,216 $14,298
2019 $12,494 $21,945 $3,002 $18,943
2018 $13,368 $23,924 $3,002 $20,922
2017 $13,498 $23,924 $3,002 $20,922
2016 $10,203 $18,660 $2,787 $15,873
2015 $9,480 $18,660 $2,787 $15,873
2014 $10,736 $21,428 $2,787 $18,641
2013 $10,849 $24,094 $2,787 $21,307
Source: Public Records

Agents Affiliated with this Home

  • Anthony Spangler

    Seller's Agent in 2024

    Anthony Spangler

    Horvath & Tremblay IL, LLC

    (708) 704-1368

    13 in this area

    39 Total Sales

    Anthony Spangler
    Section Image
  • Vergis Eiland

    Buyer's Agent in 2024

    Vergis Eiland

    @ Properties

    (312) 802-6204

    3 in this area

    129 Total Sales

    Vergis Eiland
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12137748

Midwest Real Estate Data (MRED)
Illinois Cook County Lansing 60438

17719 Commercial Ave, Lansing, IL

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Midwest Real Estate Data (MRED) Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID

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