18425 Torrence Ave Lansing, IL 60438
Estimated payment $2,633/month
Highlights
- Landscaped Professionally
- Porch
- Zoned Heating
- Property is near park
- Entrance Foyer
- Heating System Uses Steam
About This Home
Excellent investment opportunity in the heart of Lansing! This well-maintained 4-unit building features three spacious 1-bedroom units and one 2-bedroom unit, offering strong rental potential and steady income opportunities. The property includes a total of 11 rooms, 5 bedrooms, and 4 full baths, providing comfortable living spaces for tenants. Conveniently located near shopping, dining, major highways, and public transportation. Whether you're expanding your portfolio or looking to owner-occupy while generating rental income, this multi-unit property is full of potential. Don't miss this opportunity to own a solid income-producing property in a desirable location!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,096
Year Built
- Built in 1963
Lot Details
- 4,792 Sq Ft Lot
- Lot Dimensions are 40x119
- 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
- Parking Available
- 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
- Property is near park
Community Details
- 4 Units
- Gross Income $34,800
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 | $12,096 | $25,000 | $2,552 | $22,448 |
| 2024 | $12,096 | $25,000 | $2,552 | $22,448 |
| 2023 | $9,939 | $25,000 | $2,552 | $22,448 |
| 2022 | $9,939 | $15,294 | $2,204 | $13,090 |
| 2021 | $9,668 | $15,293 | $2,204 | $13,089 |
| 2020 | $8,972 | $15,293 | $2,204 | $13,089 |
| 2019 | $9,928 | $17,439 | $1,856 | $15,583 |
| 2018 | $9,744 | $17,439 | $1,856 | $15,583 |
| 2017 | $9,839 | $17,439 | $1,856 | $15,583 |
| 2016 | $9,062 | $16,574 | $1,740 | $14,834 |
| 2015 | $8,421 | $16,574 | $1,740 | $14,834 |
| 2014 | $8,304 | $16,574 | $1,740 | $14,834 |
| 2013 | $8,966 | $19,912 | $1,740 | $18,172 |
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 |
|---|---|---|---|---|---|
| 06/07/2026 06/07/26 | Price Changed | $299,950 | -7.7% | -- | |
| 05/11/2026 05/11/26 | For Sale | $324,900 | +149.9% | -- | |
| 09/04/2018 09/04/18 | Sold | $130,000 | -6.5% | -- | View Prior Sale |
| 08/20/2018 08/20/18 | Pending | -- | -- | -- | |
| 08/08/2018 08/08/18 | For Sale | $139,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12642372
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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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