NOT LISTED FOR SALE

18246 Exchange Ave Lansing, IL 60438

Lansing Area
6 Beds
5 Baths
-- Sq Ft
1965 Built

Sale Details

Date Sold: October 25, 2019

Last sale price $249,000

15 Days on Market

Highlights

  • Balcony
  • 2 Car Detached Garage
  • Paved or Partially Paved Lot

About This Home

As of October 2019

GREAT LEGAL 4 UNIT WITH 3 BEDROOM, 1 3/4 BATH. OWNER UNIT, WITH HUGE KITCHEN, PRIVATE LAUNDRY, SPACIOUS ROOMS, 1ST FLOOR. PLUS 3 - ONE BEDROOM UNITS, FULLY LEASED. LARGE 2 1/2 CAR GARAGE. ALL BRICK BUILDING WITH SOLID FLEXICORE CONSTRUCTION. LONG TERM OWNER, GOOD TENANTS. VERY CLEAN UNITS. SEPARATE IN BUILDING LAUNDRY FOR OTHER 3 TENANTS. ALSO, ALL UP TO CODE!

Last Agent to Sell the Property

Kent Magnuson

Coldwell Banker Realty Listed on: 09/11/2019

Coldwell Banker Realty

Co-Listed By

Thomas Gregory

Coldwell Banker Realty

Last Buyer's Agent

Heather Bult

Realty Executives Premier Illinois License #475161482

Realty Executives Premier Illinois
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Parking

  • 2 Car Detached Garage
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Lot Details

  • Lot Dimensions are 63 x 123 x 67 x 123
  • Paved or Partially Paved Lot

Additional Features

  • Balcony
  • Heating System Uses Natural Gas

Community Details

Overview

  • 4 Units
  • Fernwood Ridge Subdivision

Building Details

  • Electric Expense $580
  • Fuel Expense $2,258
  • Insurance Expense $2,736
  • Maintenance Expense $840
  • Trash Expense $600
  • Water Sewer Expense $753
  • Net Operating Income $18,415

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Subdivision Name: Fernwood Ridge
  • Year Built: 1965
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Washer,Dryer,Laundry Hook-Up,Handicap Access
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Balcony
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 600
  • Water Sewer Expenses: 753
  • Other Expenses $: 1175
  • Trash Expense Year: 2019

Lot Info

  • Lot Dimensions: 63 X 123 X 67 X 123
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 18415
  • Fuel Expense: 2258
  • Insurance Expense: 2736
  • ElectricExpense: 580
  • Maintenance Expense: 840
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14046
  • Tax Year: 2018
  • Tax Exemptions: None

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

Closed on
Sep 14, 2022
Sold by
C & M Equity Partners Llc
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$211,138
Interest Rate
4.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2020
Sold by
Wieringa Melissa and Lyzenga Caleb
Bought by
C & M Equity Partners Llc

Purchase Details

Listed on
Sep 11, 2019
Closed on
Oct 25, 2019
Sold by
Banek Carl F and Banek Barbara M
Bought by
Wieringa Melissa J and Lyzenga Caleb
Seller's Agent
Kent Magnuson
Coldwell Banker Realty
Buyer's Agent
Heather Bult
Realty Executives Premier Illinois
List Price
$259,900
Sold Price
$249,000
Premium/Discount to List
-$10,900
-4.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,750
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2001
Sold by
Banek Carl F and Banek Barbara M
Bought by
Banek Carl F and Banek Barbara M
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
$299,500 None Listed On Document
C & M Equity Partners Llc -- Attorney
Wieringa Melissa J $249,000 Fidelity National Title
Banek Carl F -- --
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 $240,000
Previous Owner Wieringa Melissa J $186,750
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
10/25/2019 10/25/19 Sold $249,000 -4.2% --
09/26/2019 09/26/19 Pending -- -- --
09/11/2019 09/11/19 For Sale $259,900 -- --
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 $14,031 $29,000 $3,370 $25,630
2024 $14,031 $29,000 $3,370 $25,630
2023 $11,492 $29,000 $3,370 $25,630
2022 $11,492 $17,685 $2,974 $14,711
2021 $11,179 $17,683 $2,973 $14,710
2020 $11,518 $19,632 $2,973 $16,659
2019 $13,164 $23,122 $2,775 $20,347
2018 $14,046 $25,138 $2,775 $22,363
2017 $14,183 $25,138 $2,775 $22,363
2016 $11,456 $20,951 $2,577 $18,374
2015 $9,312 $20,951 $2,577 $18,374
2014 $9,211 $20,951 $2,577 $18,374
2013 $9,360 $23,418 $2,577 $20,841
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10515090

Midwest Real Estate Data (MRED)
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