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
  • Actual Status: Closed
  • ResoPropertyType: CommercialSale
  • SomePhotosVirtuallyStaged: No
  • 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 Washers: 1
  • Room: 0

Exterior Features

  • Construction Materials: Brick
  • 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

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
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 12522
  • Tax Year: 2020
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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 List to Sale Price per Sq Ft
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

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 $15,966 $33,000 $4,469 $28,531
2024 $15,966 $33,000 $4,469 $28,531
2023 $10,870 $33,000 $4,469 $28,531
2022 $10,870 $16,727 $3,859 $12,868
2021 $10,573 $16,726 $3,859 $12,867
2020 $9,813 $16,726 $3,859 $12,867
2019 $12,523 $21,996 $3,250 $18,746
2018 $12,291 $21,996 $3,250 $18,746
2017 $12,411 $21,996 $3,250 $18,746
2016 $11,400 $20,849 $3,046 $17,803
2015 $10,593 $20,849 $3,046 $17,803
2014 $10,446 $20,849 $3,046 $17,803
2013 $11,137 $24,733 $3,046 $21,687
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11198518

Midwest Real Estate Data (MRED)
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