Rafay Qamar
Real Broker LLC
(833) 359-9113
1,069 Total Sales
5 in Lansing
$85K - $308K Price Range
17719 Commercial Ave Lansing, IL 60438
Lansing Area
10
Beds
6
Baths
--
Sq Ft
8,712
Sq Ft Lot
About This Home
As of October 2024Meticulously 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
Horvath & Tremblay IL, LLC License #475173833 Listed on: 08/13/2024
Last Buyer's Agent
@properties Christie's International Real Estate License #475139197
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 13, 2024
Closed on
Oct 29, 2024
Sold by
Deng Yan and Pearce Gordon B
Bought by
Seller's Agent
Anthony Spangler
Horvath & Tremblay IL, LLC
Buyer's Agent
Vergis Eiland
@properties Christie's International Real Estate
List Price
$450,000
Sold Price
$415,000
Premium/Discount to List
-$35,000
-7.78%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Outstanding Balance
$328,651
Interest Rate
9.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 24, 2009
Sold by
Irby Edna W
Bought by
Pearce Gordon B and Deng Yan
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
5.21%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 11, 2003
Sold by
Irby Ernest S
Bought by
Irby Ernest S and Irby Edna W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 4, 2003
Sold by
Irby Ernest S
Bought by
Irby Ernest S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
5.87%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 25, 1994
Sold by
Irby Ernest S
Bought by
Irby Ernest S and Irby Edna W
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lansing, IL
-
Rafay Qamar
-
Jacquelyn Jenke
Jacquelyn Jenke
Keller Williams Preferred Rlty
(219) 666-8254
72 Total Sales
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$235,000 Price
-
Vikky Kaufman
Vikky Kaufman
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(866) 693-4166
42 Total Sales
1 in Lansing
$380,000 Price
-
Susan Mender
Susan Mender
Listing Leaders MVPs
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313 Total Sales
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$155K - $164K Price Range
-
Autoria Morrow
Autoria Morrow
A Morrow Properties
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Jose Cortez
Jose Cortez
Responds QuicklyGolden Enterprise Realty Inc
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Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $415,000 | Old Republic National Title | ||
| Pearce Gordon B | $150,000 | Multiple | |
| Irby Ernest S | -- | -- | |
| Irby Ernest S | -- | Cti | |
| Irby Ernest S | -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $332,000 | ||
| Previous Owner | Pearce Gordon B | $112,500 | |
| Previous Owner | Irby Ernest S | $141,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | $23,620 | $2,560 | $21,060 |
| 2024 | -- | $22,080 | $2,280 | $19,800 |
| 2023 | $0 | $22,280 | $2,680 | $19,600 |
| 2022 | $476 | $18,360 | $0 | $0 |
| 2021 | $476 | $16,060 | $0 | $0 |
| 2020 | $435 | $14,540 | $0 | $0 |
| 2019 | $435 | $14,540 | $0 | $0 |
| 2018 | $344 | $11,780 | $0 | $0 |
| 2017 | $326 | $11,240 | $0 | $0 |
| 2016 | $304 | $10,580 | $0 | $0 |
| 2015 | -- | $10,380 | $0 | $0 |
| 2014 | -- | $9,540 | $0 | $0 |
| 2013 | -- | $9,020 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Spangler
Seller's Agent in 2024
Anthony Spangler
Horvath & Tremblay IL, LLC
(708) 704-1368
44 Total Sales
-
Vergis Eiland
Buyer's Agent in 2024
Vergis Eiland
@ Properties
(312) 802-6204
129 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 12137748
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.
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.
Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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