NOT LISTED FOR SALE

18428 Torrence Ave Lansing, IL 60438

10 Beds
6 Baths
-- Sq Ft
1963 Built

Sale Details

Date Sold: June 2, 2023

Last sale price $390,000

279 Days on Market

About This Home

As of June 2023

SEE DOCUMENTS FOR UPDATES!!! CAN BE BUNDLED WITH 18440 TORRENCE MLS #11400324 AS IS. 6 UNIT BRICK BUILDING HAS 2 ONE BEDROOM UNITS ON FIRST FLOOR THAT PAY THEIR OWN ELECTRIC HEAT AND 4 TWO BEDROOM UNITS WITH BASE BOARD HEAT. LAUNDRY EQUIPMENT OWNED BY BUILDING. $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: 05/10/2022

Last Buyer's Agent

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,496

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 68 x 120

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $304
  • Fuel Expense $2,596
  • Insurance Expense $2,469
  • Maintenance Expense $2,842
  • Manager Expense $5,161
  • Other Expense $5,367
  • Trash Expense $1,269
  • Water Sewer Expense $2,596
  • Operating Expense $36,574
  • Gross Income $61,860
  • Net Operating Income $24,316

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,496

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: Electric,Hot Water
  • Leased Washer Dryer YN: No

Condo/Co-op/Association

  • Manager Expense: 5161
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1269
  • Water Sewer Expenses: 2596

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 68 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

Building Info

  • Building Unit Info: No Units Furnished

Multi Family

  • Net Operating Income: 24316
  • Fuel Expense: 2596
  • Insurance Expense: 2469
  • ElectricExpense: 304
  • GrossIncome: 61860
  • Maintenance Expense: 2842
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 36574
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 10496
  • 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
06/02/2023 06/02/23 Sold $390,000 -4.9% --
02/15/2023 02/15/23 Pending -- -- --
02/06/2023 02/06/23 Price Changed $410,000 -0.7% --
01/24/2023 01/24/23 Price Changed $413,000 -1.2% --
12/30/2022 12/30/22 Price Changed $418,000 -0.5% --
12/09/2022 12/09/22 Price Changed $420,000 -1.2% --
11/02/2022 11/02/22 Price Changed $425,000 -1.2% --
09/12/2022 09/12/22 Price Changed $430,000 -1.1% --
08/22/2022 08/22/22 Price Changed $435,000 -1.1% --
08/08/2022 08/08/22 Price Changed $440,000 -0.7% --
07/28/2022 07/28/22 Price Changed $443,210 -0.1% --
07/26/2022 07/26/22 Price Changed $443,456 -0.1% --
07/16/2022 07/16/22 Price Changed $444,000 -0.1% --
06/25/2022 06/25/22 Price Changed $444,444 -0.1% --
05/11/2022 05/11/22 For Sale $445,000 -- --
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 $15,828 $32,714 $4,469 $28,245
2024 $15,828 $32,714 $4,469 $28,245
2023 $11,627 $34,584 $4,469 $30,115
2022 $11,627 $17,890 $3,859 $14,031
2021 $11,309 $17,890 $3,859 $14,031
2020 $10,496 $17,890 $3,859 $14,031
2019 $12,975 $22,790 $3,250 $19,540
2018 $13,720 $24,553 $3,250 $21,303
2017 $13,853 $24,553 $3,250 $21,303
2016 $12,573 $22,994 $3,046 $19,948
2015 $11,682 $22,994 $3,046 $19,948
2014 $11,521 $22,994 $3,046 $19,948
2013 $10,716 $23,798 $3,046 $20,752
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11400287

Midwest Real Estate Data (MRED)
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