$285,000
SOLD SEP 13, 2024

18375 Torrence Ave Lansing, IL 60438

5 Beds
4 Baths
-- Sq Ft
4,356 Sq Ft Lot

Recently Sold

12% Below List Price

12 Days on Market

About This Home

As of September 2024

Outstanding investment opportunity! This well-maintained, solid all-brick building features 4 units, each with long-term tenants. Additionally, the property includes a coin-operated washer and dryer located in the finished basement, providing an additional source of income. This is an ideal choice for anyone looking to invest in a reliable, income-producing property.

Last Agent to Sell the Property

Magdalena Kopec

Re/max Millennium License #475156030 Listed on: 05/15/2024

Re/max Millennium

Co-Listed By

Luke Kopec

Re/max Millennium License #475197038

Last Buyer's Agent

Jennifer Harris

Charles Rutenberg Realty of IL License #475164716

Charles Rutenberg Realty of IL

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,970

Year Built

  • Built in 1962

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Dimensions are 121.4x42.6

Home Design

  • Brick Exterior Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Utilities

  • Baseboard Heating
  • Heating System Uses Steam

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,970

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0

Exterior Features

  • Foundation Details: Concrete Perimeter
  • List Price: 325000
  • Roof: Tar and Gravel
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Baseboard
  • Water Source: Public

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Size Acres: 0.1
  • Lot Dimensions: 121.4X42.6
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8

Tax Info

  • Tax Annual Amount: 9970.15
  • Tax Year: 2022
  • Tax Exemptions: None

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 2 Story Unit/s

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Range of Values:

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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
09/13/2024 09/13/24 Sold $285,000 -12.3% --
05/28/2024 05/28/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $325,000 +81.6% --
06/25/2020 06/25/20 Sold $179,000 -10.5% --
05/19/2020 05/19/20 Pending -- -- --
05/01/2020 05/01/20 Price Changed $199,900 -5.2% --
03/09/2020 03/09/20 For Sale $210,900 +36.1% --
02/13/2017 02/13/17 Sold $155,000 -4.9% --
12/20/2016 12/20/16 Pending -- -- --
07/21/2016 07/21/16 For Sale $163,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12054575

Midwest Real Estate Data (MRED)