$163,000
SOLD FEB 10, 2025

3423 171st St Lansing, IL 60438

3 Beds
2.5 Baths
1,248 Sq Ft
1968 Built

Recently Sold

$131 Per Sq Ft

226% Above List Price

6 Days on Market

Highlights

  • Very Popular Property
  • 2 Car Detached Garage
  • Laundry Room
  • Corner Lot
  • Living Room
  • Central Air

About This Home

As of February 2025

Rehab Investor Special! Fantastic opportunity in Lansing for investors seeking their next project. This property is full of potential, offering a spacious layout and a prime location near schools, shopping, and major transportation routes. Perfect for a renovation to create a stunning single-family home or a lucrative rental property. Bring your ideas and transform this diamond in the rough into a shining gem. Property is sold as-is; buyer responsible for all village inspection requirements and repairs. Don't miss out on this incredible investment opportunity!

Last Agent to Sell the Property

Michael Scanlon

eXp Realty License #475188240 Listed on: 12/12/2024

eXp Realty

Co-Listed By

Johnnie Young

eXp Realty License #475203893

Last Buyer's Agent

Jake Fugman

eXp Realty License #475181407

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,069

Year Built

  • Built in 1968

Lot Details

  • Lot Dimensions are 92x95
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Parking Included in Price

Home Design

  • Split Level Home
  • Tri-Level Property
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,248 Sq Ft Home
  • Aluminum Window Frames
  • Family Room
  • Living Room
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Lake Michigan Water
  • Private or Community Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,069

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Type: Detached Single
  • Type Detached: Split Level
  • Ownership: Fee Simple
  • ArchitecturalStyle: Tri-Level
  • New Construction: No
  • Property Sub-Type: Split Level
  • Year Built: 1968
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Total Bedrooms: 3
  • LivingArea: 1248
  • Room Type: No additional rooms
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: Unfinished
  • Basement Bathrooms: Yes
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Window Features: Aluminum Frames
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 50000
  • Lot Features: Corner Lot
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Driveway: Concrete
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Septic-Private
  • Cooling: Central Air
  • Electric: Fuses
  • Heating: Natural Gas
  • Water Source: Lake Michigan, Public

Condo/Co-op/Association

  • Association Fee Frequency: Not Applicable
  • Master Association Fee Frequency: Not Required

Fee Information

  • Association Fee Includes: None

Schools

  • Middle/Junior School District: 158

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 92X95
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes

Tax Info

  • Tax Annual Amount: 7069
  • Tax Year: 2023
  • Tax Exemptions: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2024
Closed on
Jan 6, 2025
Sold by
Cerberus Sfr Holdings Lp and Fkh Sfr Propco B-Hld Lp
Bought by
Quixotic Homes Llc
Seller's Agent
Michael Scanlon
eXp Realty
Buyer's Agent
Jake Fugman
eXp Realty
List Price
$50,000
Sold Price
$163,000
Premium/Discount to List
$113,000
226%
Total Days on Market
6
Views
102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
40.07%
Original Mortgage
$217,000
Outstanding Balance
$164,144
Interest Rate
6.91%
Mortgage Type
Construction
Estimated Equity
$26,825

Purchase Details

Closed on
Jan 17, 2018
Sold by
Reifel Investments Llc
Bought by
Cerberus Sfr Holdings L P

Purchase Details

Closed on
Feb 19, 2013
Sold by
Reifel Steve S
Bought by
Reifel Investments Llc

Purchase Details

Closed on
Jul 12, 2011
Sold by
Mack Investments 1 Llc
Bought by
Reifel Steven S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
4.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2010
Sold by
U S Bank Na
Bought by
Mack Investments 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,600
Interest Rate
3.25%
Mortgage Type
Construction

Purchase Details

Closed on
Oct 1, 2010
Sold by
Hernandez Edward
Bought by
Us Bank National Association

Purchase Details

Closed on
Jul 10, 2006
Sold by
Hernandez Edward
Bought by
Hernandez Edward and Hernandez Mildred R Garcia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
9.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 28, 1996
Sold by
Carrasco Juana E
Bought by
Hernandez Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
8.26%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed $163,000 None Listed On Document
Warranty Deed $130,000 Fidelity National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $126,500 Barrister Title
Special Warranty Deed $57,000 Fatic
Legal Action Court Order -- Premier Title
Interfamily Deed Transfer -- Express Title Services Inc
Warranty Deed $125,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $217,000 Construction
Previous Owner $101,000 New Conventional
Previous Owner $3,000,000 Unknown
Previous Owner $75,600 Construction
Previous Owner $216,000 Purchase Money Mortgage
Previous Owner $180,000 Unknown
Previous Owner $157,500 Unknown
Previous Owner $124,450 FHA
Previous Owner $16,114 Unknown
Previous Owner $123,750 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2025 07/29/25 Price Changed $285,000 -3.4% $228 / Sq Ft
07/23/2025 07/23/25 For Sale $295,000 +81.0% $236 / Sq Ft
02/10/2025 02/10/25 Sold $163,000 +226.0% $131 / Sq Ft
12/18/2024 12/18/24 Pending -- -- --
12/12/2024 12/12/24 For Sale $50,000 -- $40 / 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 $8,225 $17,000 $2,762 $14,238
2023 $7,069 $17,000 $2,762 $14,238
2022 $7,069 $10,878 $2,417 $8,461
2021 $6,876 $10,877 $2,416 $8,461
2020 $7,121 $12,137 $2,416 $9,721
2019 $5,420 $9,520 $2,244 $7,276
2018 $5,320 $9,520 $2,244 $7,276
2017 $5,920 $10,492 $2,244 $8,248
2016 $5,254 $9,609 $2,071 $7,538
2015 $4,882 $9,609 $2,071 $7,538
2014 $5,325 $10,627 $2,071 $8,556
2013 $5,113 $11,356 $2,071 $9,285
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12255970

Midwest Real Estate Data (MRED)

APN: 30-29-118-012-0000