NOT LISTED FOR SALE

3525 Ridge Rd Lansing, IL 60438

Estimated Value: $136,380

4 Beds
4 Baths
-- Sq Ft
0.28 Acres

Last Sold April 26, 2018

Last sale price $74,000

Est. 84% increase in value since last sale

Current estimated payment $902/month

50 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • 4-minute walk to Lan-Oak Park District Skate & Bike Park
  • Garage ceiling height seven feet or more

About This Home

As of April 2018

Four Unit Building / Two Store Fronts and Two story House attached in rear. Live and work from home and have tenants pay your mortgage. Or rent entire building and use as an investment property and enjoy the cash flow. Building needs a little updating and the list price reflects such. Property also has a two car garage and large parking lot in rear. Please see attached Flyer with Details. No Sunday Showings thank you.

Last Agent to Sell the Property

Kenneth Peach

Coldwell Banker Realty License #475137164 Listed on: 02/05/2018

Coldwell Banker Realty

Last Buyer's Agent

Kason Wallace

Premier Midwest Realty, INC License #471018849

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 58x225

Parking

  • 2 Car Detached Garage
  • Garage ceiling height seven feet or more
  • Garage Transmitter
  • Garage Door Opener
  • Parking Included in Price

Home Design

  • Asphalt Roof
  • Rubber Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Potential Bedrooms
  • 4 Bathrooms

Partially Finished Basement

  • Partial Basement

Utilities

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

Community Details

  • 4 Units
  • Gross Income $34,800

Listing and Financial Details

  • Homeowner Tax Exemptions

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Age: 71-80 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
  • Year Built: 1905

Interior Features

  • Basement: Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 4
  • Basement Description: Partially Finished
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 2
  • Half Bathrooms in Building: 2
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Central Air Conditioner
  • AppliancesAndFeatures: Central Air Conditioner
  • Room: 1

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 149900
  • Roof: Asphalt, Rubber
  • Waterfront: No
  • Exterior Building Type: Aluminum Siding,Steel Siding,Brick

Garage/Parking

  • Garage Spaces: 2
  • ParkingTotal: 2
  • Garage Details: Garage Door Opener(s),Transmitter(s),7 Foot or more high garage door
  • Garage On-Site: Yes
  • Garage Ownership: Owned
  • Garage Type: Detached
  • Parking: Garage

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Size Acres: 0.28
  • Lot Dimensions: 58X225
  • Zoning: COMMR
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric,Gas,Heat

Multi Family

  • GrossIncome: 34800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 15570.66
  • Tax Year: 2016
  • Tax Exemptions: Homeowner

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2018
Closed on
Apr 25, 2018
Sold by
Winteroff Jessie
Bought by
Chicago Title Land Trust and Trust Number 8002377826
Seller's Agent
Kenneth Peach
Coldwell Banker Realty
Buyer's Agent
Kason Wallace
Premier Midwest Realty, INC
List Price
$149,900
Sold Price
$74,000
Premium/Discount to List
-$75,900
-50.63%
Total Days on Market
50
Current Estimated Value
$136,380

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,380
Avg. Annual Appreciation
8.92%
Source: Public Records

Range of Values:

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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
Chicago Title Land Trust $74,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2018 04/26/18 Sold $74,000 -50.6% --
03/27/2018 03/27/18 Pending -- -- --
02/05/2018 02/05/18 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
2024 $19,876 $48,760 $7,196 $41,564
2023 $19,876 $48,760 $7,196 $41,564
2022 $19,876 $30,587 $13,184 $17,403
2021 $19,333 $30,583 $13,182 $17,401
2020 $17,943 $30,583 $13,182 $17,401
2019 $15,993 $28,091 $12,241 $15,850
2018 $15,697 $28,091 $12,241 $15,850
2017 $6,658 $28,091 $12,241 $15,850
2016 $15,571 $42,441 $11,299 $31,142
2015 $19,278 $42,441 $11,299 $31,142
2014 $14,265 $42,441 $11,299 $31,142
2013 $20,509 $50,057 $11,299 $38,758
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 09849400

Midwest Real Estate Data (MRED)

APN: 30-32-307-012-0000