NOT LISTED FOR SALE

18258 Exchange Ave Lansing, IL 60438

6 Beds
5 Baths
-- Sq Ft
350,360,928 Sq Ft Lot

Last Sold December 10, 2020

Last sale price $259,000

33 Days on Market

Highlights

  • 8,043.18 Acre Lot
  • Corner Lot
  • Baseboard Heating
  • Property is near park
  • 2 Car Attached Garage

About This Home

As of December 2020

Investors: fully rented with good tenants. All Brick 4 Unit with Flexicore Construction in one of the best areas in Lansing and very little traffic.. Three One Bedroom Apartments On 2nd Floor and a 3 bedroom owners Unit on first floor which has an attached 2 1/2 car garage, 3/4 bath (shower, toilet and laundry tub) no washer or dryer, just hook-up. There is also a laundry room with newer (2 years) owned coin operated washer and dryer for all occupants. Excellent opportunity for a low maintenance income producer. Possession at closing but is subject to tenants rights. All units are occupied and have leases. Baseboard hot water heat is provided by seller. Tenants pay their own electric. All units have wall AC units All offers must be subject to tenants rights

Last Agent to Sell the Property

Carol Surufka

Evers Realty Group License #471009523 Listed on: 08/27/2020

Last Buyer's Agent

Denise Foote

Baird & Warner License #475142667

Baird & Warner

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,166

Year Built

  • Built in 1964

Lot Details

  • 8,043.18 Acre Lot
  • Corner Lot
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Off-Street Parking
  • Parking Included in Price

Home Design

  • Brick Exterior Construction
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Home Security

  • Storm Screens
  • Carbon Monoxide Detectors

Location

  • Property is near park

Schools

  • Oak Glen Elementary School
  • Memorial Junior High School
  • Thornton Fractnl So High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 4 Units
  • Fernwood Ridge Subdivision

Building Details

  • Electric Expense $360
  • Fuel Expense $2,703
  • Trash Expense $720
  • Water Sewer Expense $700
  • Gross Income $42,600
  • Net Operating Income $1,440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,166

Year Built

Built in 1964

Lot Details

8,043.18 Acres

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: 1964
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Interstate Access
  • 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
  • Other Equipment: CO Detectors
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Garage/Space,Laundry Hook-Up,Range Hood,Handicap Access
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood
  • AppliancesAndFeatures: Stove,Refrigerator,Range Hood

Exterior Features

  • ExteriorFeatures: Storms/Screens
  • Foundation Details: Concrete Perimeter
  • Lot Features: Corner Lot
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Off Street
  • ParkingTotal: 6
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Fee Information

  • Trash Expense: 720
  • Water Sewer Expenses: 700
  • Trash Expense Year: 2019

Schools

  • Elementary School: Oak Glen Elementary School
  • High School: Thornton Fractnl So High School
  • Middle/Junior School: Memorial Junior High School
  • Junior High/Middle School #2: Center for Science & Technology

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 8043.18
  • Lot Dimensions: 8043
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 1440
  • Fuel Expense: 2703
  • ElectricExpense: 360
  • GrossIncome: 42600
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 14166.42
  • Tax Year: 2019
  • Tax Exemptions: None
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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
12/10/2020 12/10/20 Sold $259,000 -2.3% --
09/29/2020 09/29/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $265,000 -- --
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 $14,999 $31,000 $3,418 $27,582
2024 $14,999 $31,000 $3,418 $27,582
2023 $12,788 $31,000 $3,418 $27,582
2022 $12,788 $19,678 $3,016 $16,662
2021 $12,439 $19,677 $3,016 $16,661
2020 $11,544 $19,677 $3,016 $16,661
2019 $14,166 $24,883 $2,815 $22,068
2018 $13,904 $24,883 $2,815 $22,068
2017 $14,039 $24,883 $2,815 $22,068
2016 $11,373 $20,800 $2,613 $18,187
2015 $10,568 $20,800 $2,613 $18,187
2014 $10,422 $20,800 $2,613 $18,187
2013 $9,309 $20,675 $2,613 $18,062
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10837638

Midwest Real Estate Data (MRED)
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