NOT LISTED FOR SALE

18408 Torrence Ave Lansing, IL 60438

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

Sale Details

Date Sold: July 9, 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

8,750 Sq Ft Lot

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
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • 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

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
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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 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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11077313

Midwest Real Estate Data (MRED)
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