Seller's Agent in 2021
Jon Garrity
PIP Realty Group
(773) 233-2301
1 in this area
62 Total Sales
18408 Torrence Ave Lansing, IL 60438
6
Beds
5
Baths
3,926
Sq Ft
8,750
Sq Ft Lot
About This Home
As of July 2021Here 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
PIP Realty Group License #475181625 Listed on: 05/04/2021
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
| 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 | $17,902 | $33,160 | $4,813 | $28,347 |
| 2024 | $17,902 | $33,160 | $4,813 | $28,347 |
| 2023 | $12,474 | $37,001 | $4,813 | $32,188 |
| 2022 | $12,474 | $19,193 | $4,156 | $15,037 |
| 2021 | $12,961 | $20,503 | $4,156 | $16,347 |
| 2020 | $12,029 | $20,503 | $4,156 | $16,347 |
| 2019 | $13,794 | $24,229 | $3,500 | $20,729 |
| 2018 | $14,263 | $25,525 | $3,500 | $22,025 |
| 2017 | $7,550 | $28,764 | $3,500 | $25,264 |
| 2016 | $8,904 | $25,257 | $3,281 | $21,976 |
| 2015 | $8,691 | $25,257 | $3,281 | $21,976 |
| 2014 | $8,392 | $25,257 | $3,281 | $21,976 |
| 2013 | $12,531 | $27,829 | $3,281 | $24,548 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Garrity
-
Alonso Reyes
Buyer's Agent in 2021
Alonso Reyes
Century 21 Circle
(773) 418-0852
5 in this area
46 Total Sales
-
Leslie Bogs
Seller's Agent in 2018
Leslie Bogs
Bogs Management, Inc.
(708) 228-9519
12 in this area
18 Total Sales
-
Kody Lathus
Buyer's Agent in 2018
Kody Lathus
Exclusive Realtors
(815) 549-7547
94 Total Sales
Map
Source: Midwest Real Estate Data (MRED)
MLS Number: 11077313
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