NOT LISTED FOR SALE

2415 Thornton Rd Lansing, IL 60438

19 Beds
11 Baths
-- Sq Ft
1966 Built

Last Sold February 17, 2020

Last sale price $575,000

63 Days on Market

About This Home

As of February 2020

Well maintained 11 unit brick building. Eight 2 bedroom, 1 bathroom units. Three 1 bedroom, 1 bath units. Plenty of parking. Property provides an investor with great value. Location is a plus close to restaurants, shopping and more. Hours to view 9-4 weekdays and 9 to 1 on Saturday. It is the 11 unit.

Last Agent to Sell the Property

Sue Herrmann

McColly Real Estate License #475150205 Listed on: 08/22/2019

McColly Real Estate

Last Buyer's Agent

Sue Herrmann

McColly Real Estate License #475150205 Listed on: 08/22/2019

McColly Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Home Design

  • Brick Exterior Construction

Utilities

  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Tenant pays for electric, heat
  • $4,000 Seller Concession

Property Details

Home Type

Multi-Family

Year Built

1966

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Current Use: Residential-Multi-Family
  • Potential Use: Condominium, Residential-Multi-Family
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Operating Income Year: 2017
  • Net Oper Income: 54925
  • Repairs Decor Expense: 16210
  • Total Annual Exp: 50974
  • Total Annual Income: 107100
  • Total Monthly Income: 8825
  • Number of Ranges: 11
  • Number Of Refrigs: 11
  • Number Of Window A C: 11
  • Number Of Stories: 3
  • Estimated Year Built: 1966
  • Type Multi Family: Corridor-Exterior Entrance
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1966

Exterior Features

  • Exterior Building Type: Brick
  • Frontage Access: City Street

Garage/Parking

  • Number Of Parking Spaces: 24

Utilities

  • Air Conditioner: Wall Sleeve
  • Heatventilation: Electric
  • Water Expense: 2478

Condo/Co-op/Association

  • Units in Building: 11

Fee Information

  • Janitor Expense: 582

Lot Info

  • Lot Dimensions: 50X256
  • Parcel Identification Number: 30311110020000

Rental Info

  • Gross Rental Income: 105900
  • Tenant Pays: Electric, Heat

Multi Family

  • Expense Year: 2017
  • Other Expenses: 9013

Tax Info

  • Taxes: 22965
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/17/2020 02/17/20 Sold $575,000 -8.7% --
10/24/2019 10/24/19 Pending -- -- --
08/22/2019 08/22/19 For Sale $629,900 -- --
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 $20,815 $43,022 $5,525 $37,497
2024 $20,815 $43,022 $5,525 $37,497
2023 $29,413 $43,022 $5,525 $37,497
2022 $29,413 $45,258 $7,800 $37,458
2021 $28,610 $45,257 $7,800 $37,457
2020 $26,552 $45,257 $7,800 $37,457
2019 $23,009 $40,415 $5,200 $35,215
2018 $22,583 $40,415 $5,200 $35,215
2017 $22,803 $40,415 $5,200 $35,215
2016 $22,965 $41,999 $4,550 $37,449
2015 $21,338 $41,999 $4,550 $37,449
2014 $21,043 $41,999 $4,550 $37,449
2013 $16,530 $36,711 $4,550 $32,161
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10495198

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.