NOT LISTED FOR SALE

18375 Torrence Ave Lansing, IL 60438

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

Last Sold September 13, 2024

Last sale price $285,000

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
  • Actual Status: Closed
  • ResoPropertyType: ResidentialIncome
  • SomePhotosVirtuallyStaged: No
  • 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

Exterior Features

  • Foundation Details: Concrete Perimeter
  • 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

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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% -- View Prior Sale
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% -- View Prior Sale
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

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 $11,612 $24,000 $2,552 $21,448
2024 $11,612 $24,000 $2,552 $21,448
2023 $9,970 $24,000 $2,552 $21,448
2022 $9,970 $15,342 $2,204 $13,138
2021 $9,698 $15,341 $2,204 $13,137
2020 $10,328 $17,603 $2,204 $15,399
2019 $10,905 $19,154 $1,856 $17,298
2018 $12,004 $21,482 $1,856 $19,626
2017 $12,121 $21,482 $1,856 $19,626
2016 $10,755 $19,669 $1,740 $17,929
2015 $9,993 $19,669 $1,740 $17,929
2014 $9,855 $19,669 $1,740 $17,929
2013 $8,922 $19,815 $1,740 $18,075
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12054575

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.