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    3435 Ridge Road

    Lansing, IL 60438
    • $239,900
    • STATUS: Active
    • ON SITE: 51 days
    • MLS #: 10942923
    UPDATED: 19 min ago
    $239,900
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,601
      SQFT
    • $43
      $/SQFT
    Neighborhood:
    Lansing
    Type:
    Commercial
    Built:
    1930
    County:
    Cook
    Area:
    Lansing

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    Description

    Attention Investors - Current Cap Rate is 12.8! Recently renovated mixed-use property in downtown Lansing on busy Ridge Rd. 2nd floor has three apartments (two 1 bed/1 bath unit and one studio). Apt 1 has new HWH, stove, refrigerator; Apt. 2 has new HWH, furnace, stove, refrigerator; Apt 3 has hew HWS, new stove, refrigerator, 2 new windows. New tile and laminate floors in all apartments. Retail unit has a new HWH and 2 new HVAC units. There is a full finished basement used for office, storage and mechanicals.

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    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-21T20:52:33.187 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

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    3435 Ridge Road Lansing, IL 60438

    • Price: $239,900
    • Status: Active
    • Updated: 19 min ago
    • MLS #: 10942923
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    5,601
    SQFT
    $43
    $/SQFT
    1930
    Built
    Neighborhood:
    Lansing
    County:
    Cook
    Area:
    Lansing
    Property Description
    Attention Investors - Current Cap Rate is 12.8! Recently renovated mixed-use property in downtown Lansing on busy Ridge Rd. 2nd floor has three apartments (two 1 bed/1 bath unit and one studio). Apt 1 has new HWH, stove, refrigerator; Apt. 2 has new HWH, furnace, stove, refrigerator; Apt 3 has hew HWS, new stove, refrigerator, 2 new windows. New tile and laminate floors in all apartments. Retail unit has a new HWH and 2 new HVAC units. There is a full finished basement used for office, storage and mechanicals.
    Exterior Features

    Outdoor Parking 1-5 SpacesNone On Site Parking Total 3

    Interior Features

    Cooling Central AirCentral IndividualPartialWindow Unit(S) Electric Circuit BreakersSeparate Meters Fire Protection Alarm Monitored Heat Ventilation Central Heat/Indiv ControlsForced Air Number Of Apts 3 Number Of Offices 0 Number Of Stores 1

    Property Features

    Additional Parcels YN No Built Before1978 YN Yes Cap Rate 12.8 Electric Expense 420 Exterior Building Type Brick Fuel Expense 0 Geographic Locale South Suburban Gross Income 40200 Gross Scheduled Income 40200 Insurance Expense 2500 Lot Size Dimensions 155X35 Net Operating Income Year 2020 Operating Expense 4192 Other Expense 0 Tax Annual Amount 5307.21 Tax Year 2019 Tenant Pays Varies By Tenant Total Monthly Income 40200 Trash Expense 912 Water Sewer Expense 360 Zoning Commr

    Listing information © 2021 Midwest Real Estate Data LLC.
    Listing provided courtesy of Weichert, Realtors The Home Team.


    © 2021 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by MTP, MRED or BNRealty | RE/MAX Rising. Based on information submitted to the MRED as of 2021-01-21T20:52:33.187 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

    Digital Millennium Copyright Act
     
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