NOT LISTED FOR SALE

18381 Torrence Ave Lansing, IL 60438

8 Beds
6 Baths
3,969 Sq Ft
7,501 Sq Ft Lot

Last Sold January 31, 2022

Last sale price $300,000 $76 Per Sq Ft

90 Days on Market

Highlights

  • Corner Lot
  • Storage Room
  • Baseboard Heating
  • Laundry Room

About This Home

As of January 2022

Fully Occupied 6 Unit Building! Most remodeled. Please call Listing office During Business Hours at least 48 Hours prior to Requested Showing time. A representative from our company will accompany showing during business hours

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 07/14/2021

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,371

Year Built

  • Built in 1969

Lot Details

  • 7,501 Sq Ft Lot
  • Corner Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,969 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Laundry Room
  • Carbon Monoxide Detectors
  • Finished Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $566
  • Fuel Expense $3,491
  • Insurance Expense $3,152
  • Maintenance Expense $17,214
  • Trash Expense $571
  • Water Sewer Expense $1,233
  • Operating Expense $39,133
  • Gross Income $52,497
  • Net Operating Income $13,364

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,371

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Other
  • Stories: 3
  • Year Built: 1969
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required,No Sign on Property
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 8
  • Basement Description: Finished
  • Fire Protection: Carbon Monoxide Detector(s)
  • Misc Inside: Storage Inside,Laundry Room
  • Fireplaces: 1
  • Drive-In Doors: 0
  • Dishwashers: 0
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • List Price: 310000
  • Exterior Building Type: Brick
  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Open

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Utilities: Sanitary Sewer, Water-Municipal
  • Heat/Ventilation: Hot Water,Baseboard
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 571
  • Water Sewer Expenses: 1233
  • Janitor Expense: 565

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.17
  • Lot Dimensions: 7501
  • Lot Size Sq Ft: 7501
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Building Info

  • BuildingAreaTotal: 3969
  • Building Unit Info: No Units Furnished,Smoke/Alarm Detector,Storage/Locker Area

Multi Family

  • Net Operating Income: 13364
  • Fuel Expense: 3491
  • Insurance Expense: 3152
  • ElectricExpense: 566
  • GrossIncome: 52497
  • Maintenance Expense: 17214
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 39133
  • Expense Year: 2020
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15371
  • Tax Year: 2019

Range of Values:

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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
01/31/2022 01/31/22 Sold $300,000 -4.8% $76 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
07/14/2021 07/14/21 For Sale $315,000 -- $79 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leslie Bogs

    Seller's Agent in 2022

    Leslie Bogs

    Bogs Management, Inc.

    (708) 228-9519

    14 in this area

    25 Total Sales

    Leslie Bogs
    Section Image
  • Anthony Spangler

    Buyer's Agent in 2022

    Anthony Spangler

    Horvath & Tremblay IL, LLC

    (708) 704-1368

    12 in this area

    33 Total Sales

    Anthony Spangler
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11156099

Midwest Real Estate Data (MRED)

Illinois Cook County Lansing 60438

18381 Torrence Ave, Lansing, IL

This home is located at 18381 Torrence Ave, Lansing, IL 60438 since 14 July 2021. This property was built in 1969. 18381 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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