NOT LISTED FOR SALE

18341 Exchange Ave Lansing, IL 60438

Lansing Area
6 Beds
5 Baths
-- Sq Ft
1967 Built

Sale Details

Date Sold: November 21, 2023

Last sale price $290,000

6 Days on Market

Highlights

  • Landscaped Professionally
  • 7 Car Attached Garage
  • Satellite Dish
  • First Floor Utility Room
  • Heating System Uses Steam
  • Paved or Partially Paved Lot

About This Home

As of November 2023

BEAUTIFUL 4 UNIT BUILDING WITH AN ATTACHED 2.5 CAR GARAGE. AND ADDITIONAL PARKING ON THE BACK. 3-1 BEDROOM UNITS AND A 1-3 BEDROOM. THIS BUILDING IS FULLY RENTED WITH GREAT RENTAL INCOME. IDEAL FOR FOR A HOME OWNER OCCUPIED OR INVESTOR.

Last Agent to Sell the Property

Gustavo Lopez

G & R Realty, Inc. License #471010643 Listed on: 10/11/2023

Co-Listed By

TavoyChayo Sellhomes

G & R Realty, Inc. License #471009057

Last Buyer's Agent

Gustavo Lopez

G & R Realty, Inc. License #471010643 Listed on: 10/11/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,422

Year Built

  • Built in 1967

Parking

  • 7 Car Attached Garage
  • Garage Transmitter
  • Garage Door Opener
  • Parking Space is Owned

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • First Floor Utility Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 5 Bathrooms

Lot Details

  • Lot Dimensions are 65 x 121.58
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Satellite Dish
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $177
  • Fuel Expense $3,762
  • Insurance Expense $1,873
  • Trash Expense $910
  • Water Sewer Expense $707
  • Gross Income $45,180
  • Net Operating Income $27,329

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,422

Year Built

Built in 1967

Parking

7

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1967
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Other Equipment: TV-Cable, TV-Dish
  • Room Type: Utility Room-1st Floor
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 7
  • Number of Cars: 7
  • Garage Details: Garage Door Opener(s),Transmitter(s)
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Attached
  • Parking: Garage

Utilities

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

Condo/Co-op/Association

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

Fee Information

  • Trash Expense: 910
  • Water Sewer Expenses: 707
  • Trash Expense Year: 2022

Lot Info

  • Lot Dimensions: 65 X 121.58
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Multi Family

  • Net Operating Income: 27329
  • Fuel Expense: 3762
  • Insurance Expense: 1873
  • ElectricExpense: 177
  • GrossIncome: 45180
  • Units in Building: 4
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 10421.87
  • Tax Year: 2021
  • 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

Listed on
Oct 11, 2023
Closed on
Nov 20, 2023
Sold by
Bought by
Seller's Agent
Gustavo Lopez
G & R Realty, Inc.
Buyer's Agent
Gustavo Lopez
G & R Realty, Inc.
List Price
$290,000
Sold Price
$290,000
Views
88

Purchase Details

Listed on
May 21, 2014
Closed on
Jul 3, 2014
Sold by
Bought by
Seller's Agent
Kent Magnuson
Coldwell Banker Realty
Buyer's Agent
Gustavo Lopez
G & R Realty, Inc.
List Price
$214,900
Sold Price
$195,000
Premium/Discount to List
-$19,900
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.32%
Original Mortgage
$5,850,000
Interest Rate
0.0414%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
$290,000 Fidelity National Title
$195,000 Pntn Inc
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
Previous Owner $5,850,000
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 Prior Sale
11/21/2023 11/21/23 Sold $290,000 0.0% --
10/18/2023 10/18/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $290,000 +48.7% --
07/03/2014 07/03/14 Sold $195,000 -9.3% -- View Prior Sale
06/05/2014 06/05/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $214,900 -- --
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 $12,796 $26,446 $3,370 $23,076
2024 $12,796 $26,446 $3,370 $23,076
2023 $10,714 $30,000 $3,370 $26,630
2022 $10,714 $16,488 $2,974 $13,514
2021 $10,422 $16,486 $2,973 $13,513
2020 $9,672 $16,486 $2,973 $13,513
2019 $13,015 $22,860 $2,775 $20,085
2018 $12,774 $22,860 $2,775 $20,085
2017 $12,898 $22,860 $2,775 $20,085
2016 $10,401 $19,022 $2,577 $16,445
2015 $9,664 $19,022 $2,577 $16,445
2014 $9,531 $19,022 $2,577 $16,445
2013 $9,758 $21,672 $2,577 $19,095
Source: Public Records

Agents Affiliated with this Home

  • Gustavo Lopez

    Seller's Agent in 2023

    Gustavo Lopez

    G & R Realty, Inc.

    (773) 406-2547

    145 Total Sales

    Gustavo Lopez
    Section Image

  • T

    Seller Co-Listing Agent in 2023

    TavoyChayo Sellhomes

    G & R Realty, Inc.

    4 Total Sales

    TavoyChayo Sellhomes
    Section Image

  • K

    Seller's Agent in 2014

    Kent Magnuson

    Coldwell Banker Realty

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11906513

Midwest Real Estate Data (MRED)
Illinois Cook County Lansing 60438

18341 Exchange Ave, Lansing, IL

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.

Midwest Real Estate Data (MRED) 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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