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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • Frontage Type: City Street
  • 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

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
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 15371
  • Tax Year: 2019
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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 List to Sale Price per Sq Ft
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

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 $16,450 $30,001 $4,126 $25,875
2024 $16,450 $30,001 $4,126 $25,875
2023 $12,040 $34,000 $4,126 $29,874
2022 $12,040 $18,528 $3,563 $14,965
2021 $11,711 $18,526 $3,562 $14,964
2020 $10,869 $18,526 $3,562 $14,964
2019 $15,372 $27,000 $3,000 $24,000
2018 $15,087 $27,000 $3,000 $24,000
2017 $15,234 $27,000 $3,000 $24,000
2016 $10,218 $18,688 $2,812 $15,876
2015 $9,495 $18,688 $2,812 $15,876
2014 $9,363 $18,688 $2,812 $15,876
2013 $10,574 $23,485 $2,812 $20,673
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11156099

Midwest Real Estate Data (MRED)
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