NOT LISTED FOR SALE

18422 Torrence Ave Lansing, IL 60438

10 Beds
6 Baths
-- Sq Ft
1963 Built

Last Sold December 16, 2021

Last sale price $405,000

43 Days on Market

About This Home

As of December 2021

6 UNIT BRICK BUILDING HAS 2 ONE BEDROOM UNIT AND 4 TWO BEDROOM UNITS. LAUNDRY EQUIPMENT OWNED BY BUILDING. Unit #5 just rented @ $925.00 for September 1, 2021 move in! $2,000 Earnest Monies due within 24 hours of agreed contract

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 08/23/2021

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,522

Year Built

  • Built in 1963

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System

Additional Features

  • 3-Story Property
  • Lot Dimensions are 65 x 120

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $799
  • Fuel Expense $4,747
  • Insurance Expense $3,280
  • Maintenance Expense $1,555
  • Other Expense $16,240
  • Trash Expense $779
  • Water Sewer Expense $2,235
  • Operating Expense $45,393
  • Gross Income $52,808
  • Net Operating Income $11,890

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,522

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Current Use: Multi-Family
  • Property Sub-Type: Corridor-Interior Entrance
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 6
  • Total Bedrooms: 10
  • Possible Use: Multi-Family
  • Fireplaces: 1
  • Refrigerators: 6
  • Ranges: 6
  • Number of Windows: 6
  • Number of Washers: 1
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • List Price: 420000
  • Exterior Building Type: Brick
  • Roof Structure: Flat

Garage/Parking

  • Outdoor Parking: 6-12 Spaces

Utilities

  • Cooling: Wall Sleeve
  • Electric: Circuit Breakers
  • Heat/Ventilation: Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 779
  • Water Sewer Expenses: 2235
  • Janitor Expense: 572

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 65 X 120
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10
  • Tenancy Type: Leases

Multi Family

  • Net Operating Income: 11890
  • Fuel Expense: 4747
  • Insurance Expense: 3280
  • ElectricExpense: 799
  • GrossIncome: 52808
  • Maintenance Expense: 1555
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 45393
  • Expense Year: 2020
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12522
  • Tax Year: 2020

Range of Values:

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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
12/16/2021 12/16/21 Sold $405,000 -3.6% --
10/07/2021 10/07/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $420,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Leslie Bogs

    Seller's Agent in 2021

    Leslie Bogs

    Bogs Management, Inc.

    (708) 228-9519

    14 in this area

    25 Total Sales

    Leslie Bogs
    Section Image
  • Anthony Spangler

    Buyer's Agent in 2021

    Anthony Spangler

    Horvath & Tremblay IL, LLC

    (708) 704-1368

    12 in this area

    33 Total Sales

    Anthony Spangler
    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11198518

Midwest Real Estate Data (MRED)

Illinois Cook County Lansing 60438

18422 Torrence Ave, Lansing, IL

This home is located at 18422 Torrence Ave, Lansing, IL 60438 since 23 August 2021. This property was built in 1963. 18422 Torrence Ave is a home located in Cook County with nearby schools including Oak Glen Elementary School, Memorial Jr High School, and Thornton Fractnl So High School.

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