NOT LISTED FOR SALE

3023 Ridge Rd Lansing, IL 60438

Estimated Value: $148,000 - $179,000

4 Beds
2 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold June 09, 2022

Last sale price $110,000

Est. 48% increase in value since last sale

Current estimated payment $1,010/month

54 Days on Market

About This Home

As of June 2022

Great older home on Ridge with Big front porch. Currently used as a 2 Unit with upper level 1 Bedroom apartment. Was under contract had tenants move out for renovations, buyer finance fell thru. This is great opportunity for you to increase your portfolio or live in one level and rent other. Full unfinished basement. Serious Preapproved or Cash Buyers. $2,000k earnest. No Sunday Showings. 2- Furnace's, 2- Water Heaters, 2- Eletric Meters, 2- Gas Meters. Lots of parking in rear. Two Car Garage is ruff. This a fixer upper Sold / AS-IS Where Is. Property is zoned Residential. Newer roof on house.

Last Agent to Sell the Property

Kenneth Peach

Coldwell Banker Realty License #475137164 Listed on: 03/30/2022

Coldwell Banker Realty

Last Buyer's Agent

Dadawa Zhao

Real People Realty License #475202030

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,343

Year Built

  • Built in 1930

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x150

Parking

  • 2 Car Detached Garage
  • Alley Access
  • Driveway
  • On-Street Parking
  • Visitor Parking
  • Off-Street Parking
  • Parking Space is Owned
  • Unassigned Parking

Home Design

  • Asphalt Roof
  • Steel Siding

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Community Details

Overview

  • 2 Units
  • Two Story

Building Details

  • Insurance Expense $800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,343

Year Built

Built in 1930

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: 1930
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • Basement Description: Unfinished
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove
  • MRD_AppliancesAndFeatures: Stove

Exterior Features

  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Steel Siding

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: Unassigned, Off Street, Side Apron, Visitor Parking, Driveway, Alley Access
  • ParkingTotal: 5
  • Number of Cars: 7
  • 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, Forced Air
  • Water Source: Lake Michigan

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 50X150
  • Zoning: SINGL
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10

Multi Family

  • Insurance Expense: 800
  • Units in Building: 2
  • Three Bedroom Number of Units: Yes
  • Type-Multi: 2 Story Unit/s

Tax Info

  • Tax Annual Amount: 5343
  • Tax Year: 2020
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2022
Closed on
Jun 9, 2022
Sold by
Witvoet Gerald C and Witvoet Joan M
Bought by
Ogom Cynthia
Seller's Agent
Kenneth Peach
Coldwell Banker Realty
Buyer's Agent
Dadawa Zhao
Real People Realty
List Price
$149,900
Sold Price
$110,000
Premium/Discount to List
-$39,900
-26.62%
Current Estimated Value
$163,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,173
Avg. Annual Appreciation
11.44%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ogom Cynthia $110,000 Chicago Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2022 06/09/22 Sold $110,000 -26.6% --
05/26/2022 05/26/22 For Sale $149,900 +36.3% --
05/24/2022 05/24/22 Pending -- -- --
05/23/2022 05/23/22 Off Market $110,000 -- --
03/30/2022 03/30/22 For Sale $149,900 -- --
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
2025 $5,322 $11,001 $3,188 $7,813
2024 $5,322 $11,001 $3,188 $7,813
2023 $5,919 $11,001 $3,188 $7,813
2022 $5,919 $9,109 $2,813 $6,296
2021 $5,758 $9,108 $2,812 $6,296
2020 $5,344 $9,108 $2,812 $6,296
2019 $5,121 $8,994 $2,625 $6,369
2018 $5,026 $8,994 $2,625 $6,369
2017 $5,605 $9,934 $2,625 $7,309
2016 $4,555 $8,330 $2,437 $5,893
2015 $4,232 $8,330 $2,437 $5,893
2014 $4,174 $8,330 $2,437 $5,893
2013 $4,412 $9,799 $2,437 $7,362
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11361060

Midwest Real Estate Data (MRED)

APN: 30-31-404-005-0000