NOT LISTED FOR SALE

2536 Ridge Rd Lansing, IL 60438

Estimated Value: $289,000 - $372,000

8 Beds
3 Baths
1,587 Sq Ft
$201/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $199,999 $126 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,012/month

58 Days on Market

Highlights

  • Screened Porch
  • Balcony
  • 2.5 Car Detached Garage

About This Home

As of March 2020

2 - 4 Bedroom Houses that are a Great income property - 2536 Ridge Road Front House Lansing, IL 60438 *4 Bedroom and 2 Bath 1.5 Story Front House with 2.5 Car Garage Rented till 01/30/2020 @ $1,300.00 Plus $1,400.00 Security Deposit a *2.5 Car Detached Garage with Opener *Full Basement - Unfinished with Washer/Dryer Hook Ups ***New Carpet Through Out, Dishwasher, Water, Sewer, Garbage Service Included. Tenant Pays Gas, Electric, Phone, Cable, and Provides own Appliances and Takes Care of Landscaping and Snow Removal. **NO PETS AND 2536 Ridge Rd Rear House Lansing, IL 60438 Newly Remodeled 4 Bedroom and 1.5 Bath 2 Story Rear House *2 car Tandem Driveway located off alley Rented till 05/30/2020 @ $1,200.00/Month Plus $1,200.00 Security Deposit ***Wood Floors, Newer Kitchen Cabinets, Stove, Refrigerator, Water, Sewer, Garbage Included. Tenant Pays Gas, Electric, Phone, Cable, and Provides own Washer & Dryer and Takes Care of Landscaping and Snow Removal. **NO PETS

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 11/25/2019

Last Buyer's Agent

Corey Miller

Coldwell Banker Realty License #475167457

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,347

Year Built

  • Built in 1926

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 50x210

Parking

  • 2.5 Car Detached Garage
  • Off Alley Parking
  • Parking Included in Price

Home Design

  • Block Foundation
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Screened Porch
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

  • 2 Units
  • Gross Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,347

Year Built

Built in 1926

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1926
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 3
  • Total Bedrooms: 8
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 1
  • MRD_AppliancesAndFeatures: Dishwasher,Range Hood
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood

Exterior Features

  • ExteriorFeatures: Balcony, Porch Screened
  • Foundation Details: Block, Concrete Perimeter
  • List Price: 198999
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding,Cedar,Frame

Garage/Parking

  • Garage Spaces: 2.5
  • Parking Features: Off Alley
  • ParkingTotal: 4.5
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage,Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Middle/Junior School District: 158

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.24
  • Lot Dimensions: 50X210
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • GrossIncome: 30000
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: Other

Tax Info

  • Tax Annual Amount: 9346.72
  • Tax Year: 2018
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Evans Michael Jamil and Evans Michael Jamil
Bought by
Evans Michael Jamil
Current Estimated Value
$318,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,656
Outstanding Balance
$174,634
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$143,612

Purchase Details

Listed on
Nov 25, 2019
Closed on
Mar 17, 2020
Sold by
Eggert John C
Bought by
Evans Michael Jamil
Seller's Agent
Leslie Bogs
Bogs Management, Inc.
Buyer's Agent
Corey Miller
Coldwell Banker Realty
List Price
$199,900
Sold Price
$199,999
Premium/Discount to List
$99
0.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.73%
Original Mortgage
$195,212
Interest Rate
3.4%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 21, 2004
Sold by
Laino Mario and Laino Elsa
Bought by
Eggert John C and Eggert Sherri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,400
Interest Rate
5.93%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Evans Michael Jamil -- National Title Solutions Inc
Evans Michael Jamil $199,000 Fidelity National Title
Eggert John C $178,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Evans Michael Jamil $192,656
Closed Evans Michael Jamil $195,212
Previous Owner Eggert John C $142,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $199,999 +0.5% $126 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
12/26/2019 12/26/19 Price Changed $198,999 -0.5% $125 / Sq Ft
11/25/2019 11/25/19 For Sale $199,900 -- $126 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

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
2024 $15,482 $32,001 $4,463 $27,538
2023 $11,785 $32,001 $4,463 $27,538
2022 $11,785 $18,135 $3,938 $14,197
2021 $11,463 $18,133 $3,937 $14,196
2020 $10,638 $18,133 $3,937 $14,196
2019 $9,523 $16,727 $3,675 $13,052
2018 $9,347 $16,727 $3,675 $13,052
2017 $9,438 $16,727 $3,675 $13,052
2016 $8,065 $14,749 $3,412 $11,337
2015 $8,006 $15,758 $3,412 $12,346
2014 $7,895 $15,758 $3,412 $12,346
2013 $7,004 $15,555 $3,412 $12,143
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10581388

Midwest Real Estate Data (MRED)

APN: 30-31-120-039-0000