NOT LISTED FOR SALE

18408 Torrence Ave Lansing, IL 60438

6 Beds
5 Baths
3,926 Sq Ft
8,750 Sq Ft Lot

Last Sold July 09, 2021

Last sale price $295,000 $75 Per Sq Ft

22 Days on Market

About This Home

As of July 2021

Here is your chance to own a fully stabilized, cash-flowing 5 unit building in Lansing. This expansive property features five (5) units.

Last Agent to Sell the Property

Jon Garrity

PIP Realty Group License #475181625 Listed on: 05/04/2021

Last Buyer's Agent

Alonso Reyes

Century 21 Circle License #475175345

Century 21 Circle

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,794

Year Built

  • Built in 1959

Lot Details

  • 8,750 Sq Ft Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3,926 Sq Ft Home
  • 2-Story Property
  • Finished Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Utilities

  • Window Unit Cooling System
  • Radiant Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 5 Units

Building Details

  • Other Expense $32,941
  • Operating Expense $32,941
  • Gross Income $55,956
  • Net Operating Income $21,215

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,794

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Other
  • Stories: 2
  • Year Built: 1959
  • Built Before 1978 (Y/N): Yes
  • Information: 24-Hr Notice Required,None
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5
  • Total Bedrooms: 6
  • Basement Description: Finished
  • Fireplaces: 1
  • Dishwashers: 1
  • Refrigerators: 5
  • Ranges: 5
  • Number of Windows: 5
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 299900
  • Exterior Building Type: Brick
  • Misc Outside: Enclosed Stairs

Garage/Parking

  • Outdoor Parking: 6-12 Spaces,Open

Utilities

  • Cooling: Window Unit(s)
  • Electric: Circuit Breakers
  • Heat/Ventilation: Radiant
  • Leased Washer Dryer YN: No

Fee Information

  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.2
  • Lot Dimensions: 8750
  • Lot Size Sq Ft: 8750
  • Zoning: MULTI

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 8

Building Info

  • BuildingAreaTotal: 3926

Multi Family

  • Net Operating Income: 21215
  • GrossIncome: 55956
  • NumberOfUnitsTotal: 5
  • OperatingExpense: 32941
  • Type Multi-Family: Other

Tax Info

  • Tax Annual Amount: 13794
  • Tax Year: 2019

Range of Values:

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Average Value
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List Price
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
07/09/2021 07/09/21 Sold $295,000 -1.6% $75 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
05/26/2021 05/26/21 For Sale -- -- --
05/04/2021 05/04/21 For Sale $299,900 +97.3% $76 / Sq Ft
09/10/2018 09/10/18 Sold $152,000 -24.0% $39 / Sq Ft
06/28/2018 06/28/18 Pending -- -- --
06/19/2018 06/19/18 Price Changed $199,900 0.0% $51 / Sq Ft
06/04/2018 06/04/18 Price Changed $199,999 -0.5% $51 / Sq Ft
05/23/2018 05/23/18 Price Changed $200,999 -0.2% $51 / Sq Ft
05/14/2018 05/14/18 Price Changed $201,333 -0.2% $51 / Sq Ft
04/26/2018 04/26/18 Price Changed $201,693 -0.2% $51 / Sq Ft
04/13/2018 04/13/18 Price Changed $201,999 -0.2% $51 / Sq Ft
04/02/2018 04/02/18 Price Changed $202,499 -0.2% $52 / Sq Ft
03/26/2018 03/26/18 Price Changed $202,999 -0.2% $52 / Sq Ft
03/19/2018 03/19/18 Price Changed $203,499 -0.2% $52 / Sq Ft
02/26/2018 02/26/18 Price Changed $203,899 0.0% $52 / Sq Ft
01/30/2018 01/30/18 Price Changed $204,000 -0.2% $52 / Sq Ft
01/19/2018 01/19/18 Price Changed $204,400 0.0% $52 / Sq Ft
01/10/2018 01/10/18 Price Changed $204,444 -0.3% $52 / Sq Ft
01/04/2018 01/04/18 Price Changed $204,999 -2.4% $52 / Sq Ft
12/19/2017 12/19/17 Price Changed $210,000 -1.9% $53 / Sq Ft
12/05/2017 12/05/17 Price Changed $214,000 -2.3% $55 / Sq Ft
11/24/2017 11/24/17 Price Changed $219,000 -0.2% $56 / Sq Ft
11/13/2017 11/13/17 Price Changed $219,500 -0.2% $56 / Sq Ft
10/24/2017 10/24/17 For Sale $220,000 -- $56 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11077313

Midwest Real Estate Data (MRED)