NOT LISTED FOR SALE

18346 Torrence Ave Lansing, IL 60438

11 Beds
9 Baths
-- Sq Ft
8,712 Sq Ft Lot

Last Sold March 13, 2023

Last sale price $392,000

50 Days on Market

About This Home

As of March 2023

18346 Torrence Avenue consists of a two-story multi-family brick building with seven (7) residential units comprised of five (5) 1-Bedroom/1-Bathroom units and two (2) 2-Bedroom/1-Bathroom units with 3,900 square feet of living area in 4,500 square feet of total gross area on a 0.2-acre parcel of land. The Property features an on-site laundry facility and parking for seven vehicles. The building also has new composite walkways, and a new boiler. The vacant units are being remodeled with new tile baths, new carpet, and updated appliances. Additionally, many of the windows have been replaced.

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 12/05/2022

Last Buyer's Agent

Terrence Galloway

Signature Real Estate Services License #471016731

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,745

Year Built

  • Built in 1963

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 50x150

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 9 Bathrooms

Utilities

  • Radiator
  • Heating System Uses Gas

Additional Features

  • 2-Story Property
  • Courtyard

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 7 Units

Building Details

  • Electric Expense $418
  • Fuel Expense $2,849
  • Insurance Expense $2,729
  • Maintenance Expense $2,850
  • Manager Expense $2,998
  • Other Expense $1,250
  • Trash Expense $1,750
  • Water Sewer Expense $1,771
  • Operating Expense $31,361
  • Gross Income $61,860
  • Net Operating Income $28,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,745

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Courtyard
  • Stories: 2
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: List Broker Must Accompany
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 9
  • Total Bedrooms: 11
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 400000

Utilities

  • Heat/Ventilation: Gas,Radiators

Condo/Co-op/Association

  • Manager Expense: 2998

Fee Information

  • Trash Expense: 1750
  • Water Sewer Expenses: 1771
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 50X150

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Multi Family

  • Net Operating Income: 28605
  • Fuel Expense: 2849
  • Insurance Expense: 2729
  • ElectricExpense: 418
  • GrossIncome: 61860
  • Maintenance Expense: 2850
  • NumberOfUnitsTotal: 7
  • OperatingExpense: 31361
  • Type Multi-Family: Courtyard

Tax Info

  • Tax Annual Amount: 14745
  • Tax Year: 2021

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2023 03/13/23 Sold $392,000 -2.0% --
01/25/2023 01/25/23 Pending -- -- --
12/05/2022 12/05/22 For Sale $400,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anthony Spangler

    Seller's Agent in 2023

    Anthony Spangler

    Horvath & Tremblay IL, LLC

    (708) 704-1368

    12 in this area

    33 Total Sales

    Anthony Spangler
    Section Image
  • Terrence Galloway

    Buyer's Agent in 2023

    Terrence Galloway

    Signature Real Estate Services

    (708) 906-7461

    3 in this area

    33 Total Sales

    Terrence Galloway
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11683293

Midwest Real Estate Data (MRED)

Illinois Cook County Lansing 60438

18346 Torrence Ave, Lansing, IL

This home is located at 18346 Torrence Ave, Lansing, IL 60438 since 05 December 2022. This property was built in 1963. 18346 Torrence Ave is a home located in Cook County with nearby schools including Oak Glen Elementary School, Memorial Jr High School, and Thornton Fractnl So High School.

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