NOT LISTED FOR SALE

2415 Thornton Rd Lansing, IL 60438

Lansing Area
19 Beds
11 Baths
-- Sq Ft
1966 Built

Sale Details

Date Sold: February 17, 2020

Last sale price $575,000 $0 Per Sq Ft

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

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
Jul 30, 2024
Sold by
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
$685,000
Interest Rate
0.0678%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 22, 2019
Closed on
Feb 13, 2020
Sold by
Bought by
Seller's Agent
Sue Herrmann
McColly Real Estate
Buyer's Agent
Sue Herrmann
McColly Real Estate
List Price
$629,900
Sold Price
$575,000
Premium/Discount to List
-$54,900
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
0.036%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 21, 2004
Sold by
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
$480,000
Interest Rate
0.06%
Mortgage Type
Commercial

Purchase Details

Closed on
May 24, 2004
Sold by
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
$200,000
Interest Rate
0.0635%
Mortgage Type
Seller Take Back
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
$925,000 Citywide Title
$575,000 Greater Illinois Title
$575,000 Ticor Title
-- Ticor Title
$290,500 Ticor Title
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 $685,000
Previous Owner $460,000
Previous Owner $480,000
Previous Owner $200,000
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
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

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 $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

  • Sue Herrmann

    Seller's Agent in 2020

    Sue Herrmann

    McColly Real Estate

    (219) 613-4219

    158 Total Sales

    Sue Herrmann
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD10495198

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

2415 Thornton Rd, 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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