18408 Torrence Ave Lansing, IL 60438
Lansing AreaEstimated payment $4,323/month
About This Home
Here is your chance to own a fully stabilized, cash-flowing 5 unit building in Lansing. This well maintained fully rented 5 unit is ready for the savy investor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,996
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
Utilities
- Window Unit Cooling System
- Radiant Heating System
Community Details
Overview
- 5 Units
Building Details
- Electric Expense $489
- Fuel Expense $4,425
- Insurance Expense $3,412
- Trash Expense $840
- Water Sewer Expense $1,239
- Operating Expense $26,162
- Gross Income $62,112
- Net Operating Income $21,215
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
|---|---|---|---|---|---|
| 08/07/2026 08/07/26 | For Sale | $529,000 | +79.3% | $135 / Sq Ft | |
| 07/09/2021 07/09/21 | Sold | $295,000 | -1.6% | $75 / Sq Ft | View Prior Sale |
| 05/26/2021 05/26/21 | Pending | -- | -- | -- | |
| 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 |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $295,000 | Citywide Title Corporation | |
| Warranty Deed | $250,000 | Fidelity National Title | |
| Warranty Deed | $280,000 | Fidelity National Title | |
| Deed | $152,000 | Fidelity National Title | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $195,000 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $237,000 | Commercial | |
| Previous Owner | $250,000 | Construction |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12722598
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.