Sold
Last Sold Price
3318 Ridge Rd, Lansing, IL 60438
Mixed UseProperty Type
4,445 sq ftLot 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!

    Sold By Evers Realty Group

    • Listed by: Alan 708.474.0800 al@eversrealty.com • Evers Realty Group
    Listing closed: 05/31/2018 12:00 AM • Source: MRED as distributed by MLS GRID, MLS#: 09606584

    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

    $100,000

    Sold 09/08/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    1,218
    Square Feet
    Unavailable
    Acres
    a view of a park
    1/23
    4

    $26,700

    Sold 03/24/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1.75
    Acres
    5

    $26,700

    Sold 03/17/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    1.75
    Acres
    6

    $100,000

    Sold 02/18/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    1,000
    Square Feet
    Unavailable
    Acres
    7

    $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
    8

    $353,250

    Sold 06/29/26

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    Unavailable
    Square Feet
    5.4
    Acres
    9

    $66,000

    Sold 05/07/25

    Unavailable
    Bedrooms
    Unavailable
    Bathrooms
    644
    Square Feet
    Unavailable
    Acres

    Location

    Add your commute

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    $1,178 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $483

    Property Taxes

    $695

    HOA Dues

    $0

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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.