E
Seller's Agent in 2021
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
(630) 570-2235
1 in this area
21 Total Sales
2907 185th St Lansing, IL 60438
16
Beds
16
Baths
11,200
Sq Ft
16,553
Sq Ft Lot
About This Home
As of December 2021Well-maintained, 16-unit apartment building located at 2907 185th Street in Lansing, Illinois. Property consists of all one-bedroom / one-bathroom units. The building is flexicore construction and features a newer roof and newer boiler. The property also features storage spaces for tenant use, an on-site laundry facility, and ample off-street parking. Convenient access to Route 83, Interstate 94, and PACE bus stops.
Last Agent to Sell the Property
Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 07/06/2021
Last Buyer's Agent
Marcus & Millichap Chicago Apartment Brokers License #475186663 Listed on: 07/06/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $33,816
Year Built
- Built in 1963
Lot Details
- 16,320 Sq Ft Lot
Parking
- 6 to 12 Parking Spaces
Home Design
- Brick Exterior Construction
- Pitched Roof
- Composition Roof
Interior Spaces
- 11,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 16 Bedrooms
- 16 Bathrooms
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Hot Water Heating System
- 100 Amp Service
Listing and Financial Details
- Tenant pays for electricity
Community Details
Overview
- 16 Units
Building Details
- Electric Expense $936
- Fuel Expense $5,053
- Insurance Expense $4,000
- Maintenance Expense $2,975
- Manager Expense $5,000
- Other Expense $5,650
- Trash Expense $1,104
- Water Sewer Expense $3,321
- Operating Expense $61,855
- Gross Income $158,028
- Net Operating Income $94,169
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/08/2021 12/08/21 | Sold | $940,000 | -6.0% | $84 / Sq Ft |
| 09/16/2021 09/16/21 | Pending | -- | -- | -- |
| 07/06/2021 07/06/21 | For Sale | $1,000,000 | -- | $89 / Sq Ft |
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 | $38,320 | $79,199 | $6,936 | $72,263 |
| 2024 | $38,320 | $79,199 | $6,936 | $72,263 |
| 2023 | $37,460 | $79,199 | $6,936 | $72,263 |
| 2022 | $37,460 | $57,640 | $10,608 | $47,032 |
| 2021 | $36,437 | $57,639 | $10,608 | $47,031 |
| 2020 | $33,816 | $57,639 | $10,608 | $47,031 |
| 2019 | $31,677 | $55,641 | $9,384 | $46,257 |
| 2018 | $31,091 | $55,641 | $9,384 | $46,257 |
| 2017 | $25,219 | $44,698 | $9,384 | $35,314 |
| 2016 | $27,427 | $50,159 | $8,568 | $41,591 |
| 2015 | $25,484 | $50,159 | $8,568 | $41,591 |
| 2014 | $23,343 | $46,588 | $8,568 | $38,020 |
| 2013 | $17,636 | $39,167 | $8,568 | $30,599 |
Source: Public Records
Agents Affiliated with this Home
-
Emily Habich
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11145337
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Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
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