$435,000
PENDING

18207 Locust St Lansing, IL 60438

Estimated payment $3,534/month

Total Views 4,021
8 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

Exceptional Investment Property in Lansing, Illinois!Perfect for an astute investor looking to expand their portfolio or someone seeking a prime owner-occupied property with rental income.Lansing, Illinois: A Community of Pride and Progress. Lansing has grown into a friendly, well-maintained community in the desirable south suburbs of Chicago. It offers a dense urban atmosphere, good schools, numerous parks, and convenient access to metropolitan amenities. The village motto, "A community of pride, progress, and possibilities," is reflected in its stable neighborhoods and continuous development, making it an attractive location for long-term investment. The building is fully rented and well-maintained. This four-unit building is fully occupied, providing immediate, stable rental income. The property shows well, ensuring continued tenant satisfaction and value. Each of the four units features two good-sized bedrooms and one bath, a highly desirable configuration for renters in the area. Significant. The property offers six exterior parking spaces, a crucial amenity. Additionally, an unfinished basement provides excellent potential for setting up supplementary storage for tenants, adding further value and appeal. This Lansing property perfectly balances recent updates, strong rental demand, and valuable features, presenting an exceptional opportunity for both seasoned investors and owner-occupants. This is the one that your client will see and love!

Listing Agent

Shari Smith

Red Pro Realty LLC License #471021298 Listed on: 06/17/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,217

Year Built

  • Built in 1965 | Remodeled in 2020

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 96x83x97x82
  • Paved or Partially Paved Lot

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Parking Available
  • Driveway
  • Off-Street Parking
  • Off Alley Parking
  • Parking Included in Price
  • Unassigned Parking

Additional Features

  • Basement Fills Entire Space Under The House
  • Flood Zone Lot
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,217

Year Built

Built in 1965 | Remodeled in 2020

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • ArchitecturalStyle: Traditional
  • HabitableResidenceYN: Yes
  • New Construction: No
  • Year Built: 1965
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Train,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2020
  • Actual Status: Pending
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2020

Interior Features

  • Basement: Unfinished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • Other Equipment: CO Detectors
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors
  • AppliancesAndFeatures: Stove,Refrigerator,Range Hood,Hardwood Floors

Exterior Features

  • Construction Materials: Brick
  • Foundation Details: Concrete Perimeter
  • Lot Features: Common Grounds
  • OtherStructures: None
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: Unassigned, Off Alley, Off Street, Driveway, Yes, Owned
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Street Lights, Street Paved
  • Conversion YN: N

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 96X83X97X82
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: U

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Tax Info

  • Tax Annual Amount: 14216.99
  • Tax Year: 2024
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,483 $32,001 $4,285 $27,716
2024 $15,483 $32,001 $4,285 $27,716
2023 $10,938 $32,001 $4,285 $27,716
2022 $10,938 $16,830 $3,700 $13,130
2021 $10,639 $16,830 $3,700 $13,130
2020 $9,874 $16,830 $3,700 $13,130
2019 $14,217 $24,972 $3,116 $21,856
2018 $13,954 $24,972 $3,116 $21,856
2017 $14,090 $24,972 $3,116 $21,856
2016 $11,710 $21,416 $2,921 $18,495
2015 $10,881 $21,416 $2,921 $18,495
2014 $10,730 $21,416 $2,921 $18,495
2013 $10,899 $24,206 $2,921 $21,285
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/06/2026 07/06/26 Pending -- -- --
06/17/2026 06/17/26 For Sale $435,000 +72.6% --
11/18/2020 11/18/20 Sold $252,000 -10.0% -- View Prior Sale
07/19/2020 07/19/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $279,900 0.0% --
06/23/2020 06/23/20 Pending -- -- --
06/23/2020 06/23/20 Price Changed $279,900 +3.7% --
06/19/2020 06/19/20 For Sale $269,900 +54.1% --
01/14/2020 01/14/20 Sold $175,137 -12.3% -- View Prior Sale
11/14/2019 11/14/19 Pending -- -- --
11/14/2019 11/14/19 Price Changed $199,700 -1.4% --
10/09/2019 10/09/19 For Sale $202,500 -- --
Source: Midwest Real Estate Data (MRED)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $252,000 Lakeland Title Services
Special Warranty Deed $175,500 Attorney
Foreclosure Deed -- Attorney
Interfamily Deed Transfer $175,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $247,435 FHA
Closed $157,500 Commercial
Source: Public Records

Source: Midwest Real Estate Data (MRED)

MLS Number: 12674718

Midwest Real Estate Data (MRED)
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