NOT LISTED FOR SALE

18425 Torrence Ave Lansing, IL 60438

5 Beds
4 Baths
-- Sq Ft
1963 Built

Last Sold September 04, 2018

Last sale price $130,000

12 Days on Market

Highlights

  • Landscaped Professionally
  • Entrance Foyer
  • Heating System Uses Steam
  • Porch
  • Zoned Heating
  • Paved or Partially Paved Lot

About This Home

As of September 2018

Great investment property, live in one and rent out three, or rent all for most potential return. Solid brick building at great location, close to expressway, walking distance to shopping, park, forest preserve and public transportation. Newer roof (7 years), potential ROI over 15%. parking in the back of building, spacious units and common area, about 2563 sqft total according to the owner. priced to sell fast, not a short sale or foreclosure, but property will be sold as is.

Last Agent to Sell the Property

Rong Ma

RE/MAX Action License #471001614 Listed on: 08/08/2018

RE/MAX Action

Last Buyer's Agent

Tresses Wylie

Tresses Wylie License #471019950

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • Lot Dimensions are 40' x 119' x 40' x 119'
  • Landscaped Professionally
  • Paved or Partially Paved Lot

Home Design

  • Brick Exterior Construction
  • Asphalt Roof
  • Concrete Perimeter Foundation

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 4 Parking Spaces
  • Uncovered Parking
  • Off Alley Parking
  • Parking Included in Price
  • Assigned Parking

Utilities

  • Zoned Heating
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Cable TV Available

Additional Features

  • Entrance Foyer
  • Porch

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $32,160
  • Net Operating Income $19,010

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1963
  • Age: 51-60 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Other Equipment: TV-Cable
  • Room Type: Foyer
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove
  • Room: 3

Exterior Features

  • ExteriorFeatures: Porch
  • Foundation Details: Concrete Perimeter
  • List Price: 139000
  • Lot Features: Landscaped
  • Roof: Asphalt
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Off Alley
  • ParkingTotal: 4
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: N/A

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Steam, Other, Zoned
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights, Street Paved

Schools

  • Middle/Junior School District: 171

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 40' X 119' X 40' X 119'
  • Zoning: MULTI
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Is Parking Included in Price: Yes
  • TenantPays: Electric

Multi Family

  • Net Operating Income: 19010
  • GrossIncome: 32160
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 9062
  • Tax Year: 2016
  • Tax Exemptions: None

Range of Values:

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Average Value
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List Price
Sold Price
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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
09/04/2018 09/04/18 Sold $130,000 -6.5% --
08/20/2018 08/20/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $139,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Rong Ma

    Seller's Agent in 2018

    Rong Ma

    RE/MAX

    (630) 968-2600

    33 Total Sales

    Rong Ma
    Section Image

  • T

    Buyer's Agent in 2018

    Tresses Wylie

    Tresses Wylie

    (708) 557-4827

    Section Image
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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 10045999

Midwest Real Estate Data (MRED)

Illinois Cook County Lansing 60438

18425 Torrence Ave, Lansing, IL

This home is located at 18425 Torrence Ave, Lansing, IL 60438 since 08 August 2018. This property was built in 1963. 18425 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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