NOT LISTED FOR SALE

18217 Exchange Ave Lansing, IL 60438

Lansing Area
8 Beds
8 Baths
-- Sq Ft
7,822 Sq Ft Lot

Sale Details

Date Sold: November 6, 2024

Last sale price $560,000

19 Days on Market

About This Home

As of November 2024

Great investment opportunity in the Landing area! This 2-story, 8-unit brick building is fully rented and situated in a cul-de-sac, making it a prime location for tenants. The property also features a convenient on-site laundry area. With its solid construction and rental history, this is a rare chance to acquire a profitable, well-maintained building in a sought-after location. Don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Maria Castillo

RE/MAX Mi Casa License #475122116 Listed on: 08/17/2024

RE/MAX Mi Casa

Last Buyer's Agent

Beco Kalamperovic

Baird & Warner License #475136788

Baird & Warner
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,158

Year Built

  • Built in 1963

Lot Details

  • 7,822 Sq Ft Lot
  • Lot Dimensions are 121x140
  • Cul-De-Sac
  • Additional Parcels

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Exterior Basement Entry

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 8 Units

Building Details

  • Electric Expense $701
  • Fuel Expense $3,569
  • Insurance Expense $2,905
  • Trash Expense $2,136
  • Water Sewer Expense $1,811
  • Operating Expense $30,280
  • Gross Income $94,800
  • Net Operating Income $64,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,158

Year Built

Built in 1963

Lot Details

7,822 Sq Ft Lot

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Corridor-Exterior Entrance
  • Stories: 2
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,Show-Call Listing Office
  • Estimated Age: Older
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 8
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Fireplaces: 1
  • Refrigerators: 8
  • Ranges: 8
  • Number of Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Exterior Building Type: Brick

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Heat/Ventilation: Gas,Hot Water,Baseboard
  • Leased Washer Dryer YN: Yes

Condo/Co-op/Association

  • Unincorporated (Y/N): No

Fee Information

  • Trash Expense: 2136
  • Water Sewer Expenses: 1811

Lot Info

  • Additional Parcels: Yes
  • Lot Size Acres: 0.18
  • Lot Dimensions: 121X140
  • Lot Size Sq Ft: 7822
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 64520
  • Fuel Expense: 3569
  • Insurance Expense: 2905
  • ElectricExpense: 701
  • GrossIncome: 94800
  • NumberOfUnitsTotal: 8
  • OperatingExpense: 30280
  • Type Multi-Family: Corridor-Exterior Entrance

Tax Info

  • Tax Annual Amount: 19158
  • Tax Year: 2023

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 17, 2024
Closed on
Nov 6, 2024
Sold by
18217 Exchange-Viamonte Realty Llc and Viamonte Investments Group Llc
Bought by
Seller's Agent
Maria Castillo
RE/MAX Mi Casa
Buyer's Agent
Beco Kalamperovic
Baird & Warner
List Price
$560,000
Sold Price
$560,000
Views
33

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,000
Outstanding Balance
$438,848
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2016
Sold by
Viamonte Realty Llc
Bought by
18217 Exchange Viamonte Realty Llc

Purchase Details

Closed on
Nov 2, 2012
Sold by
Chicago Title Land Trust Co
Bought by
Viamonte Realty Llc

Purchase Details

Closed on
Mar 9, 2006
Sold by
Cameron John H and Cameron Carolyn L
Bought by
Chicago Title Land Trust Co and Trust #8002345947
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lansing, IL

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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
$560,000 Fidelity National Title
18217 Exchange Viamonte Realty Llc -- None Available
Viamonte Realty Llc $320,000 None Available
Chicago Title Land Trust Co -- None Available
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 -- $448,000
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
11/06/2024 11/06/24 Sold $560,000 0.0% --
09/05/2024 09/05/24 Pending -- -- --
09/05/2024 09/05/24 Off Market $560,000 -- --
08/17/2024 08/17/24 For Sale $560,000 0.0% --
03/30/2018 03/30/18 Rented $775 0.0% --
03/09/2018 03/09/18 Under Contract -- -- --
02/12/2018 02/12/18 For Rent $775 0.0% --
02/08/2018 02/08/18 Under Contract -- -- --
01/31/2018 01/31/18 Off Market $775 -- --
01/19/2018 01/19/18 For Rent $775 +3.3% --
12/01/2017 12/01/17 Rented $750 0.0% --
11/03/2017 11/03/17 Under Contract -- -- --
10/19/2017 10/19/17 For Rent $750 -- --
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 $9,580 $19,799 $3,324 $16,475
2024 $9,580 $19,799 $3,324 $16,475
2023 $13,533 $19,799 $3,324 $16,475
2022 $13,533 $20,823 $4,693 $16,130
2021 $13,163 $20,823 $4,693 $16,130
2020 $12,217 $20,823 $4,693 $16,130
2019 $9,117 $16,013 $3,324 $12,689
2018 $8,948 $16,013 $3,324 $12,689
2017 $9,035 $16,013 $3,324 $12,689
2016 $8,249 $15,086 $2,933 $12,153
2015 $7,665 $15,086 $2,933 $12,153
2014 $8,016 $15,999 $2,933 $13,066
2013 $10,489 $23,295 $2,933 $20,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12137546

Midwest Real Estate Data (MRED)
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