NOT LISTED FOR SALE

18440 Torrence Ave Lansing, IL 60438

Lansing Area
9 Beds
5 Baths
-- Sq Ft
7,250 Sq Ft Lot

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 18428 TORRENCE MLS #11400287 AS IS!!! 6 UNIT BRICK BUILDING HAS 1 ONE BEDROOM UNIT ON FIRST FLOOR AND 5 TWO BEDROOM UNITS ALL 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

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,937

Year Built

  • Built in 1963

Lot Details

  • 7,250 Sq Ft Lot
  • Lot Dimensions are 60 x 120

Parking

  • 6 to 12 Parking Spaces

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity

Community Details

Overview

  • 6 Units

Building Details

  • Electric Expense $417
  • Fuel Expense $4,839
  • Insurance Expense $2,469
  • Maintenance Expense $8,523
  • Manager Expense $4,947
  • Other Expense $12,874
  • Trash Expense $1,119
  • Water Sewer Expense $6,326
  • Operating Expense $55,970
  • Gross Income $59,513
  • Net Operating Income $7,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,937

Year Built

Built in 1963

Lot Details

7,250 Sq Ft Lot

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: 5
  • Total Bedrooms: 9
  • 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: 4947
  • Unincorporated (Y/N): No
  • Owners Association (Y/N): No

Fee Information

  • Trash Expense: 1119
  • Water Sewer Expenses: 6326

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: 60 X 120
  • Lot Size Sq Ft: 7250
  • Zoning: MULTI
  • Land Amenities: Curbs and Gutters,Lighting/Exterior,Sidewalks,Cable Ready

Rental Info

  • Tenant Pays: Electricity
  • Board Number: 10

Multi Family

  • Net Operating Income: 7088
  • Fuel Expense: 4839
  • Insurance Expense: 2469
  • ElectricExpense: 417
  • GrossIncome: 59513
  • Maintenance Expense: 8523
  • NumberOfUnitsTotal: 6
  • OperatingExpense: 55970
  • Type Multi-Family: Corridor-Interior Entrance

Tax Info

  • Tax Annual Amount: 9937.38
  • Tax Year: 2020

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
May 30, 2023
Sold by
Bought by
Seller's Agent
Leslie Bogs
Bogs Management, Inc.
Buyer's Agent
Anthony Spangler
Horvath & Tremblay IL, LLC
List Price
$445,000
Sold Price
$390,000
Premium/Discount to List
-$55,000
-12.36%
Views
166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Outstanding Balance
$244,305
Interest Rate
5.76%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$390,000 Chicago Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $585,000
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% --
08/01/2022 08/01/22 Price Changed $443,210 -0.4% --
08/01/2022 08/01/22 For Sale $445,000 0.0% --
06/13/2022 06/13/22 Pending -- -- --
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 $14,943 $30,886 $3,988 $26,898
2024 $14,943 $30,886 $3,988 $26,898
2023 $11,008 $30,886 $3,988 $26,898
2022 $11,008 $16,939 $3,444 $13,495
2021 $10,708 $16,938 $3,443 $13,495
2020 $9,937 $16,938 $3,443 $13,495
2019 $12,076 $21,211 $2,900 $18,311
2018 $11,852 $21,211 $2,900 $18,311
2017 $14,126 $25,037 $2,900 $22,137
2016 $11,711 $21,417 $2,718 $18,699
2015 $10,881 $21,417 $2,718 $18,699
2014 $10,731 $21,417 $2,718 $18,699
2013 $10,716 $23,798 $2,718 $21,080
Source: Public Records

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11400324

Midwest Real Estate Data (MRED)
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