NOT LISTED FOR SALE

18375 Torrence Ave Lansing, IL 60438

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

Sale Details

Date 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
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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

4,356 Sq Ft Lot

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

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Sep 12, 2024
Sold by
Bought by
Seller's Agent
Magdalena Kopec
Re/max Millennium
Buyer's Agent
Jennifer Harris
Charles Rutenberg Realty of IL
List Price
$325,000
Sold Price
$285,000
Premium/Discount to List
-$40,000
-12.31%
Views
51

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Outstanding Balance
$273,398
Interest Rate
5.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 3, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 21, 2016
Closed on
Feb 13, 2017
Sold by
Bought by
Seller's Agent
Mary Boender
McColly Real Estate
Buyer's Agent
Cesar Gonzalez
Kale Realty
List Price
$163,000
Sold Price
$155,000
Premium/Discount to List
-$8,000
-4.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 2, 1993
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lansing, IL

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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 Buyer Sale Price Title Company
$285,000 Chicago Title
$179,000 Chicago Title
$155,000 None Available
-- Stewart Title Of Illinois
$99,333 --
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 Borrower Loan Amount
Open $279,837
Previous Owner $134,250
Previous Owner $152,192
Previous Owner $132,000
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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12054575

Midwest Real Estate Data (MRED)
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