E
Seller's Agent in 2021
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
(630) 570-2235
22 Total Sales
2907 185th St Lansing, IL 60438
Lansing Area
16
Beds
16
Baths
11,200
Sq Ft
0.37
Acre 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
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
Mar 14, 2023
Sold by
Bought by
Purchase Details
Listed on
Jul 6, 2021
Closed on
Dec 7, 2021
Sold by
Bought by
Seller's Agent
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
Buyer's Agent
Emily Habich
Marcus & Millichap Chicago Apartment Brokers
List Price
$1,000,000
Sold Price
$940,000
Premium/Discount to List
-$60,000
-6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
0.0309%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 18, 2015
Sold by
Bought by
Purchase Details
Closed on
Dec 10, 2014
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
$602,000
Interest Rate
0.0399%
Mortgage Type
Commercial
Purchase Details
Closed on
May 10, 2013
Sold by
Bought by
Purchase Details
Closed on
Jul 22, 2003
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
$520,000
Interest Rate
0.05%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 27, 1999
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
$315,000
Interest Rate
0.0692%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 21, 1994
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Chicago Title | ||
| $893,000 | Attorneys Ttl Guaranty Fund | ||
| -- | Attorney | ||
| $752,500 | Git | ||
| -- | None Available | ||
| $660,000 | Multiple | ||
| $420,000 | -- | ||
| -- | -- |
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 |
|---|---|---|---|
| Closed | $825,000 | ||
| Previous Owner | $602,000 | ||
| Previous Owner | $520,000 | ||
| Previous Owner | $315,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
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.
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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