NOT LISTED FOR SALE

3427 Lake St Lansing, IL 60438

3 Beds
2 Baths
-- Sq Ft
3,485 Sq Ft Lot

Last Sold December 21, 2021

Last sale price $360,000

93 Days on Market

About This Home

As of December 2021

Investment Opportunity in the heart of Lansing! This building is being sold with the commercial property located at 3420 Ridge Rd, Lansing, IL (Lansing Floral Shop). 3427 Lake St is a two-flat residential rental unit. Building is fully occupied. Investment Analysis and Financials available upon request. Property cannot be sold individually.

Last Agent to Sell the Property

Denise Raines

Keller Williams Preferred Rlty License #471018566 Listed on: 06/14/2021

Keller Williams Preferred Rlty

Last Buyer's Agent

Denise Raines

Keller Williams Preferred Rlty License #471018566 Listed on: 06/14/2021

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,594

Year Built

  • Built in 1908

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Dimensions are 32x36

Home Design

  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Potential Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price

Schools

  • Lester Crawl Primary Ctr Elementary School
  • Memorial Junior High School

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Partial Basement
  • Porch

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $13,200
  • Net Operating Income $8,606

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,594

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1908
  • Age: 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: Partial
  • Total Bathrooms: 2
  • Total Bedrooms: 3
  • Basement Description: Unfinished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator

Exterior Features

  • ExteriorFeatures: Porch
  • List Price: 450000
  • Waterfront: No
  • Exterior Building Type: Vinyl Siding

Garage/Parking

  • ParkingTotal: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

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

Schools

  • Elementary School: Lester Crawl Primary Ctr
  • Middle/Junior School: Memorial Junior High School
  • Middle/Junior School District: 158

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.08
  • Lot Dimensions: 32X36
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

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

Multi Family

  • Net Operating Income: 8606
  • GrossIncome: 13200
  • Units in Building: 2
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Flat

Tax Info

  • Tax Annual Amount: 4593.61
  • Tax Year: 2019
  • Tax Exemptions: None

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $360,000 -20.0% --
09/17/2021 09/17/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $450,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11123067

Midwest Real Estate Data (MRED)