17915 Escanaba Ave

Lansing, IL 60438
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5 bd, 2 ba | 2,240 sqft | Built in 1956

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List Price
$329,999

Initial Investment

$89,925

Purchase Price

$329,999

Down Payment

25%

Rent

$1,870

Total Return

$64,174

Annualized Return

9.5%

Cap Rate

2.0%

Gross Yield

6.8%

Cash Flow

-$12,317

Appreciation

6.9%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

6,426

HOA

None

Flood Risk

Not Required

Exciting Opportunity for You! Welcome to your new home, nestled in a friendly and established neighborhood! This charming, move-in-ready house is just waiting for your family to come in and start making beautiful memories together. You won't find a home that has been cared for better than this one! Pride of ownership shows! It's truly a place for celebration all year round! With five spacious bedrooms, there's plenty of room for everyone. One of the bedrooms is conveniently located on the main floor right next to a full bathroom, perfect for guests or family members who prefer easy access. The bright and airy living room is ideal for cozy gatherings, and the formal dining area is just perfect for hosting holiday dinners with loved ones. You'll love cooking in the kitchen, which offers loads of counter space along with a newer LG refrigerator. Head upstairs to find even more space! There are generous storage options with handy built-ins, four roomy bedrooms, and an updated half-bath. Don't forget about the beautifully finished basement! It's a stylish space that's great for entertaining guests or enjoying some leisure time, plus it has plenty of storage for all your needs with stunning cabinetry throughout and bar area! Laundry area was made super functional AND that newer washer and dryer are included! Imagine those lovely summer evenings spent on the deck, overlooking the fully fenced backyard and a cozy fire pit area. And guess what? Both gazebos are included to make your outdoor gatherings even more enjoyable! Every corner of this home has been designed with your convenience in mind, including a fantastic garage that offers incredible storage solutions for all your party supplies and holiday decorations. You'll feel at ease knowing that the roof and siding were replaced in 2020, and the HVAC system and central air are just 10 years old. The windows have also been updated in recent years! Plus, you'll love how close you are to shopping, parks, schools, and the expressway! We can't wait for you to come and see this amazing home! Seller says bring us your offers!

See more in Analysis
Jake Fugman
eXp Realty - Jake Fugman - Axon Group

Annual Financial Highlights

Expected Rent

$21,318

Expenses

-$3,795

Property Taxes

-$11,900

Loan Payments

-$17,940

Net Cash Flow

-$12,317

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Jodie Ridderhoff
Agent License 475196525
KW Crossroads
Certified Agent Brokerage:Jake Fugman
eXp Realty - Jake Fugman - Axon Group
SourceMidwest Real Estate Data LLC (MRED/MAP/MLSNI)
MLS #12274135
Last Updated: 01/20/2025 19:01
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