NOT LISTED FOR SALE

18422 Torrence Ave Lansing, IL 60438

10 Beds
6 Baths
-- Sq Ft
1963 Built

Sale Details

Date 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

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

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
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

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 $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

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11198518

Midwest Real Estate Data (MRED)
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