NOT LISTED FOR SALE

18405 Torrence Ave Lansing, IL 60438

8 Beds
6 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold July 29, 2015

Last sale price $205,000

20 Days on Market

About This Home

As of July 2015

This six flat located on Torrence Ave. in Lansing is a great opportunity for an investor to acquire a well maintained fully occupied building in a great neighborhood Priced to give the new owner a return of over 20%, it has a new boiler and hot water heater along with new windows spread throughout the building The current owern has owned it for over 20 years and has always had a strong occupancy

Last Agent to Sell the Property

Joseph Esselman

Penn Real Estate License #471012738 Listed on: 06/18/2015

Last Buyer's Agent

Maria Castillo

RE/MAX Mi Casa License #471000184

RE/MAX Mi Casa

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 6,970

Listing and Financial Details

  • Tenant pays for electric

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

0

Listing Details

  • Property Type: Multi Family 5+
  • Built Before 1978 (Y/N): Yes
  • Zoning Type: MULTI
  • Estimated Age: 36-50 Years
  • Net Oper Income: 24000
  • Total Annual Exp: 2014
  • Total Annual Income: 44118
  • Total Monthly Income: 3870
  • Number Of Stories: 3
  • Estimated Year Built: 1963
  • Type Multi Family: Flats
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1963

Exterior Features

  • Acreage: 0.16

Garage/Parking

  • Number Of Parking Spaces: 6

Utilities

  • Heatventilation: Central Bldg Heat, Gas, Baseboard

Condo/Co-op/Association

  • Units in Building: 6

Lot Info

  • Lot Dimensions: 120 X 60
  • Parcel Identification Number: 30313140520000

Rental Info

  • Gross Rental Income: 44118
  • Tenant Pays: Electric

Tax Info

  • Taxes: 9695.10
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
07/29/2015 07/29/15 Sold $205,000 -18.0% --
07/08/2015 07/08/15 Pending -- -- --
06/18/2015 06/18/15 For Sale $250,000 -- --
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 $12,074 $24,956 $3,897 $21,059
2024 $12,074 $24,956 $3,897 $21,059
2023 $11,065 $24,956 $3,897 $21,059
2022 $11,065 $17,025 $3,365 $13,660
2021 $10,763 $17,025 $3,365 $13,660
2020 $9,988 $17,025 $3,365 $13,660
2019 $11,799 $20,725 $2,834 $17,891
2018 $11,581 $20,725 $2,834 $17,891
2017 $11,693 $20,725 $2,834 $17,891
2016 $11,221 $20,521 $2,656 $17,865
2015 $10,426 $20,521 $2,656 $17,865
2014 $10,282 $20,521 $2,656 $17,865
2013 $9,695 $21,532 $2,656 $18,876
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Midwest Real Estate Data (MRED)

MLS Number: MRD08958861

Midwest Real Estate Data (MRED)
Your Personal Tour Guide

Ask me questions while you tour the home.