NOT LISTED FOR SALE

17735 Park Blvd Lansing, IL 60438

41 Beds
21 Baths
5,880 Sq Ft
7,031 Sq Ft Lot

Last Sold July 30, 2022

Last sale price $453,000 $77 Per Sq Ft

4 Days on Market

About This Home

As of July 2022

Excellent investment opportunity in well located Lansing neighborhood. This charming, solid, walk up brick six unit building features spacious five two bedroom one bathroom units (910 square feet), one one-bedroom one bathroom unit (745 square feet), and in building coin operated washer and dryer. Four of the units have meticulously updated, along with all common areas. Tenants pay their own utilities, with owner covering water, trash, and common area maintenance. Parking, which was recently upated, is monitored by camera.

Last Agent to Sell the Property

Simone Moore

@properties Christie's International Real Estate License #475179641 Listed on: 05/17/2022

@properties Christie's International Real Estate

Last Buyer's Agent

Varine Hampton

Coldwell Banker Realty License #471020974

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,320

Year Built

  • Built in 1977

Lot Details

  • 7,031 Sq Ft Lot
  • Lot Dimensions are 60 x 125

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Concrete Block And Stucco Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,880 Sq Ft Home
  • 3-Story Property
  • Fire Suppression System

Bedrooms and Bathrooms

  • 41 Bedrooms
  • 21 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for air conditioning, electricity, heat

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $840
  • Insurance Expense $2,185
  • Maintenance Expense $1,500
  • Trash Expense $1,080
  • Water Sewer Expense $1,600
  • Operating Expense $19,214
  • Gross Income $62,604
  • Net Operating Income $51,292

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,320

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1977
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 21
  • Total Bedrooms: 41
  • Possible Use: Multi-Family
  • Fire Protection: Fire Extinguisher/s
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick, Concrete
  • Foundation Details: Concrete Perimeter
  • Frontage Type: City Street
  • Roof: Composition
  • Exterior Building Type: Brick
  • Roof Structure: Hip
  • Misc Outside: Balcony/ies,Enclosed Stairs,Patio,Security Lighting,Storms and Screens (as exist)

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve, Window Unit(s)
  • Electric: Circuit Breakers, Separate Meters
  • Heat/Ventilation: Electric,Baseboard,Separate Per Unit
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1080
  • Water Sewer Expenses: 1600

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.16
  • Lot Dimensions: 60 X 125
  • Lot Size Sq Ft: 7031
  • Zoning: MULTI
  • Land Amenities: Lighting/Exterior,Sidewalks
  • Alternate Phone Number: (708) 674-3088

Rental Info

  • Tenant Pays: Air Conditioning, Electricity, Heat
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 5880

Multi Family

  • Net Operating Income: 51292
  • Insurance Expense: 2185
  • ElectricExpense: 840
  • GrossIncome: 62604
  • Maintenance Expense: 1500
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 19214
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 19320
  • Tax Year: 2020
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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 Prior Sale
07/30/2022 07/30/22 Sold $453,000 -3.6% $77 / Sq Ft
05/23/2022 05/23/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $470,000 +82.9% $80 / Sq Ft
05/14/2015 05/14/15 Sold $257,000 -23.3% -- View Prior Sale
02/25/2015 02/25/15 Pending -- -- --
08/01/2014 08/01/14 For Sale $335,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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 $20,805 $43,000 $2,988 $40,012
2024 $20,805 $43,000 $2,988 $40,012
2023 $17,763 $43,000 $2,988 $40,012
2022 $17,763 $27,334 $2,637 $24,697
2021 $18,133 $28,684 $2,636 $26,048
2020 $19,319 $32,929 $2,636 $30,293
2019 $15,895 $27,920 $2,460 $25,460
2018 $15,601 $27,920 $2,460 $25,460
2017 $17,160 $30,413 $2,460 $27,953
2016 $13,297 $24,319 $2,285 $22,034
2015 $12,355 $24,319 $2,285 $22,034
2014 $12,185 $24,319 $2,285 $22,034
2013 $12,376 $27,486 $2,285 $25,201
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11408284

Midwest Real Estate Data (MRED)

APN: 30-30-414-035-0000