NOT LISTED FOR SALE

3601 Ridge Rd Lansing, IL 60438

Estimated Value: $389,000 - $572,000

9 Beds
7 Baths
7,474 Sq Ft
4,831 Sq Ft Lot

Last Sold March 12, 2024

Last sale price $385,000 $52 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,744/month

63 Days on Market

About This Home

As of March 2024

Investors this building has 2 residential units (one that has been completely updated). It also offers 2 commercial units. 2 of the 4 units are currently occupied generating cash flow. This unit is also being sold as a package deal see listing number540317 for more information.

Last Listed By

Joe Moke

Weichert, Realtors-Moke Agency License #RB14023373 Listed on: 10/16/2023

Weichert, Realtors-Moke Agency

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,692

Year Built

  • Built in 1932

Lot Details

  • 4,831

Home Design

Bedrooms and Bathrooms

  • 9 Bedrooms

Listing and Financial Details

  • Total Actual Rent $26,850
  • Assessor Parcel Number NEW OR UNDER CONSTRUCTION

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $3,360
  • New Taxes Expense $16,693

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,692

Year Built

Built in 1932

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1932
  • Co List Office Mls Id: NRA769
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 7474
  • Garage Yn: No
  • New Construction: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Elevator
  • Flooring: Other
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 4
  • Total Bedrooms: 9
  • Below Grade Sq Ft: 3000
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Acres: 0.1109
  • Construction Type: Other

Garage/Parking

  • Parking Features: Other

Utilities

  • Utilities: Sewer Available
  • Water Source: Public

Lot Info

  • Lot Dimensions: 66 X 151
  • Lot Size Sq Ft: 4832
  • Parcel #: NEW OR UNDER CONSTRUCTION

Rental Info

  • LeaseType: Net

Tax Info

  • Year: 2022
  • New Taxes Expense: 16693
  • Tax Annual Amount: 16692

Multi Family

  • Number Of Units Total: 6
  • Insurance Expense: 3360
  • Total Actual Rent: 26850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Mar 12, 2024
Sold by
North Shore Holdings Ltd
Bought by
Jeremi Holdings Llc
Seller's Agent
Joe Moke
Weichert, Realtors-Moke Agency
Buyer's Agent
Eric Lopez
RE/MAX Realty Associates
List Price
$450,000
Sold Price
$385,000
Premium/Discount to List
-$65,000
-14.44%
Total Days on Market
63
Views
126
Current Estimated Value
$480,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,500
Avg. Annual Appreciation
20.10%
Original Mortgage
$616,000
Outstanding Balance
$608,134
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$127,634

Purchase Details

Closed on
Nov 8, 2005
Sold by
First National Bank Of Illinois
Bought by
North Shore Holdings Ltd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.75%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
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
Jeremi Holdings Llc $385,000 Saturn Title
North Shore Holdings Ltd $510,000 Pntn
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeremi Holdings Llc $616,000
Previous Owner North Shore Holdings Ltd $1,100,000
Previous Owner North Shore Holdings Ltd $382,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2024 03/12/24 Sold $385,000 -14.4% $52 / Sq Ft
10/16/2023 10/16/23 For Sale $450,000 -- $60 / Sq Ft
Source: Northwest Indiana Association of REALTORS®

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 $12,660 $24,240 $2,658 $21,582
2023 $12,660 $24,240 $2,658 $21,582
2022 $12,660 $19,480 $2,295 $17,185
2021 $12,314 $19,479 $2,295 $17,184
2020 $11,428 $19,479 $2,295 $17,184
2019 $7,500 $13,173 $1,932 $11,241
2018 $6,367 $13,173 $1,932 $11,241
2017 $6,913 $14,151 $1,932 $12,219
2016 $5,940 $12,361 $1,812 $10,549
2015 $5,537 $12,493 $1,812 $10,681
2014 $5,421 $12,361 $1,812 $10,549
2013 $4,786 $12,602 $1,812 $10,790
Source: Public Records

Agents Affiliated with this Home

  • Joe Moke

    Seller's Agent in 2024

    Joe Moke

    Weichert, Realtors-Moke Agency

    (219) 808-2400

    5 in this area

    139 Total Sales

    Joe Moke
    Section Image
  • Eric Lopez

    Buyer's Agent in 2024

    Eric Lopez

    RE/MAX

    (219) 798-3181

    2 in this area

    82 Total Sales

    Eric Lopez
    Section Image
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Map

Source: Northwest Indiana Association of REALTORS®

MLS Number: 540374

Northwest Indiana Association of REALTORS®

APN: 30-32-403-038-0000

Illinois Cook County Lansing 60438

3601 Ridge Rd, Lansing, IL

Homes for Sale in Lansing, IL

This home is located at 3601 Ridge Rd, Lansing, IL 60438 since 16 October 2023 and is currently estimated at $480,500, approximately $64 per square foot. This property was built in 1932. 3601 Ridge Rd is a home located in Cook County with nearby schools including Coolidge Elementary School, Memorial Jr High School, and Thornton Fractnl So High School.

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.

Northwest Indiana Association of REALTORS® Copyright 2025 MuItiple Listing Service of the Northwest Indiana Realtors Association Multiple Listing Service (NIRA MLS). All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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