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.
Multi-familyProperty Type
1929Year Built
5,441 sq ftLot Size
$46Price/Sq.Ft.
Listed by Denise Raines• Weichert, Realtors The Home Team
Bought with Denise Raines• Weichert, Realtors The Home Team
Source:MRED as Distributed by MLS Grid #10942923
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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.
Public Records
Dec 29, 2017
Sold
$120,000
$21/sq ft
Public Records
Jan 11, 2006
Sold
$339,000
$61/sq ft
Public Records
Dec 2, 1976
Sold
$75,000
$13/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$9,676 (+51.2%)
$2,992 + $17,007
$19,999
2022
$6,400 (+2.8%)
$2,584 + $7,263
$9,847
2021
$6,225 (+7.8%)
$2,584 + $7,263
$9,847
2020
$5,777 (+8.9%)
$2,584 + $7,263
$9,847
2019
$5,307 (−47.2%)
$2,176 + $7,146
$9,322
2018
$10,058 (−27.3%)
$2,176 + $15,824
$18,000
2017
$13,827 (+8.1%)
$2,176 + $22,331
$24,507
2016
$12,790 (+7.6%)
$2,040 + $21,352
$23,392
2015
$11,884 (+1.4%)
$2,040 + $21,352
$23,392
2014
$11,720 (+7.2%)
$2,040 + $21,352
$23,392
2013
$10,930 (−0.7%)
$2,040 + $26,744
$28,784
2012
$11,004 (+5.1%)
$2,040 + $26,744
$28,784
2011
$10,473 (+21.8%)
$2,040 + $26,744
$28,784
2010
$8,596 (+2.3%)
$2,040 + $22,287
$24,327
2009
$8,405 (+10.6%)
$2,040 + $22,287
$24,327
2008
$7,602 (−23.0%)
$3,264 + $22,344
$25,608
2007
$9,870
$4,352 + $28,120
$32,472
Tax history for 3435 Ridge Rd
Year
Property tax
Land + Additions
Assessment*
2023
$9,676 (+51.2%)
$2,992 + $17,007
$19,999
2022
$6,400 (+2.8%)
$2,584 + $7,263
$9,847
2021
$6,225 (+7.8%)
$2,584 + $7,263
$9,847
2020
$5,777 (+8.9%)
$2,584 + $7,263
$9,847
2019
$5,307 (−47.2%)
$2,176 + $7,146
$9,322
2018
$10,058 (−27.3%)
$2,176 + $15,824
$18,000
2017
$13,827 (+8.1%)
$2,176 + $22,331
$24,507
2016
$12,790 (+7.6%)
$2,040 + $21,352
$23,392
2015
$11,884 (+1.4%)
$2,040 + $21,352
$23,392
2014
$11,720 (+7.2%)
$2,040 + $21,352
$23,392
2013
$10,930 (−0.7%)
$2,040 + $26,744
$28,784
2012
$11,004 (+5.1%)
$2,040 + $26,744
$28,784
2011
$10,473 (+21.8%)
$2,040 + $26,744
$28,784
2010
$8,596 (+2.3%)
$2,040 + $22,287
$24,327
2009
$8,405 (+10.6%)
$2,040 + $22,287
$24,327
2008
$7,602 (−23.0%)
$3,264 + $22,344
$25,608
2007
$9,870
$4,352 + $28,120
$32,472
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Property details
Interior
Basement Information
Basement Finish: Unfinished
Basement Type: Partial
Bathroom Information
# of Full Baths: 3
# of 1/2 Baths: 2
Heating & Cooling
Air Conditioning Type: Central
Exterior
Exterior Information
Physical Condition: Average
Building Style Type: Multi-Family
Exterior Wall: Masonry
Building Type: Residential
Property Information
Subdivision Name: LANSING RESUB
Living Sq. Ft: 5,601
# of Units: 4
# of Stories: 2
Stories Type: 2
Lot Information
# of Buildings: 1
Land Sq. Ft: 5,441
Legal Lot Number: 4
Acres: 0.1249
County Use Description: APARTMENTS 2-6
Financial
Assessor Information
Assessment Year: 2023
Public facts
Beds: 3
Baths: 4.0
Sq. Ft.: 5,601
Stories: 2.0
Lot Size: 5,441 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1929
Year Renovated: —
County: Cook County
APN: 30323050040000
Home facts updated by county records on Jul 12, 2026
Around this home
Schools
Lester Crawl Primary Center
Public PreK-1 • Assigned • 0.5mi
Memorial Junior High School
Public 6-8 • Assigned • 0.9mi
4/10
Thornton Fractional South High School
Public 9-12 • Assigned • 0.6mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Lansing, IL • 60438
Average low and high temperatures (°F)
30
16
39
23
55
34
62
43
68
49
81
63
86
69
83
64
79
58
68
48
51
37
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.3 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.