18207 Locust St Lansing, IL 60438
Estimated payment $3,534/month
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!
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 | -- | -- |
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 | -- |
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: Midwest Real Estate Data (MRED)
MLS Number: 12674718
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Ask me questions while you tour the home.