Sold
Last Sold Price
3318 Ridge Rd, Lansing, IL 60438
Mixed UseProperty Type
0.10 acresLot Size
1926Year Built
5 carsParking Spaces

Description

Fully leased 3 unit building in Lansing's Business District on Ridge Road! Property consists of 2 store front units on ridge road with separate utilities and a 2 bedroom rear unit home with basement. Great Opportunity!Fully leased 3 unit building in Lansing's Business District on Ridge Road! Property consists of 2 store front units on ridge road with separate utilities and a 2 bedroom rear unit home with basement. Great Opportunity!
Listing closed: 05/31/2018 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09606584

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Recent comparable sales

Median sold price

$100,000

Avg days on market

143

Sale-to-list ratio

78.9%

Lansing, IL

9 comparable properties found

$265,000 | 2513 Ridge Road, Lansing, IL 60438
1/27
1

$265,000

Sold 02/25/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
a car parked in front of a house
1/9
2

$220,000

Sold 03/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.17
Acres
3

$64,000

Sold 07/15/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
4

$100,000

Sold 09/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,218
Square Feet
Unavailable
Acres
a view of a park
1/23
5

$26,700

Sold 03/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.75
Acres
6

$26,700

Sold 03/17/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.75
Acres
7

$100,000

Sold 02/18/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,000
Square Feet
Unavailable
Acres
8

$94,000

Sold 07/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,276
Square Feet
Unavailable
Acres
$353,250 | 1555 Thornton Lansing Road, Lansing, IL 60438
1/2
9

$353,250

Sold 06/29/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5.4
Acres

Location

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Property Information for 3318 Ridge Road

Property Details
  • Taxes: $8,345 / year
  • MLS Type: Commercial Sale
  • County: Cook County
  • Area: Lansing
  • Township: THORNTON
  • Air Conditioning Type: Central Air
  • Zoning: OTHER
Building Information
  • Stories: 1
  • Residences: 2
  • Year Built: 1926
  • Lot Size: 0.10 AC / 4,445 SF
General Information
Addtl Parking Information
  • Outdoor Parking: 19-30 Spaces
Location and General Information
  • Geographic Locale: South Suburban
  • Information: Show-Call Listing Office
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 1
Utilities / Equipment
  • Utilities: Electric to Site, Gas to Site, Sanitary Sewer
Property/Lot Information
  • Owners Association: No
  • Tenant Pays: Electricity, Heat
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 30 X 150
  • Lot Size Square Feet: 4445.0
  • Stories: 1
  • Exterior Building Type: Brick, Wood Frame, Frame
  • Construction: Brick, Wood Frame
  • Building Area Total: 3333
  • # Of Offices: 2
  • # Of Stores: 0
Property and Assessments
  • Possible Use: Commercial
  • Buyer Financing: Conventional
  • Photos Count: 4
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $26,400.00
  • Gross Scheduled Income: $26,400.00
  • Insurance Expense: $800.00
  • Electric Expense Source: Owner Projection
  • Expense Year: 2016
  • Total Annual Expense Source: Combination
  • Fuel Expense Source: Owner Projection
  • Insurance Expense Source: Owner Projection
  • Net Operating Income Year: 2017
  • Trash Expense Source: Owner Projection
  • Total Monthly Income: 2200
  • Water Expense Source: Owner Projection
  • Net Operating Income: $15,935.00
  • Operating Expense: $10,465.00
  • Other Expense: $.00
  • Trash Expense: $600.00
  • Water Sewer Expense: $720.00

Property History for 3318 Ridge Road

DateEvent & SourcePriceAppreciation
May 31, 2018

Sold

MRED #09606584

$95,000—
May 29, 2018

Sold (Public Record)

Public Record #623896493

$95,000

-2.4% / yr

May 15, 2018

Pending

MRED #09606584

—
DateEvent & SourcePrice
05/31/2018

Sold

MRED #09606584

$95,000
05/29/2018

Sold (Public Record)

Public Record #623896493

$95,000

-2.4% / yr

05/15/2018

Pending

MRED #09606584

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3318 Ridge Road

Taxable ValueLand$1,893Additions$14,307Total$16,200
Tax Record2023$7,838 ($653 / month)
Home Facts
Beds4Baths4Total Finished SqFt3,333 SqFtAbove Grade Finished SqFt3,333 SqFtStories1Lot Size4,455 SqFtStyleMiscellaneous ResidentialYear Built1925Year Renovated1925CountyCOOKAPN30-32-117-062-0000

Schools near 3318 Ridge Road

This home is within Lansing School District 158.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Lester Crawl Primary Center
PublicPK to 1

Coolidge Elementary School
PublicK to 5

Memorial Jr High School
Public6 to 8

Thornton Fractional South High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 3318 Ridge Road, Lansing, IL 60438
$95,000
–
–
–
4,445
$99,000
–
–
2,550
–
–
–
9,864
7,455
$50,000
–
–
1,300
–
$105,000
–
3,993
7,500
$105,000
–
6,000
6,000

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Evers Realty Group

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 05/05/2021 04:49 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.