NOT LISTED FOR SALE

18381 Torrence Ave Lansing, IL 60438

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

Sale Details

Date 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

7,501 Sq Ft Lot

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

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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11156099

Midwest Real Estate Data (MRED)
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