$475,000
PENDING

18508 Torrence Ave Lansing, IL 60438

Estimated payment $3,781/month

Total Views 2,350
7 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

@@@ Must See @@@ Fully Updated Beautiful Brick 4 Unit Building on historic Torrence Ave. This beauty offers New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has an Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is a Small Gas & Electric Bill for the Common Areas. Landlord Pays Water & Garbage. Laundry Income Coin Collected. Units are three 2 Bedroom 1 Bath and one 1 Bedroom 1 bath. 2 BD 1 BA $1400 the 1 Bedroom with 1 bath is $1200 total of $5400 a month in rental income before expenses. Units are well kept with solid long-term tenants. Seller motivated!!! Schedule your private showing today start earning instant income. Owner occupants welcomed. Showings Sunday's between 4pm - 5:30pm

Listing Agent

Pastor-Eric White

Pearson Realty Group License #471016134 Listed on: 10/11/2025

Pearson Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,483

Year Built

  • Built in 1962

Home Design

  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Partial Basement
  • 6,098 Sq Ft Lot

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $360
  • Insurance Expense $3,255
  • Professional Management Expense $600
  • Trash Expense $1,080
  • Water Sewer Expense $860
  • Gross Income $64,800
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,483

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Professional Management Expense: 600
  • Year Built: 1962
  • Age: 61-70 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: School Bus Service,Commuter Bus,Interstate Access
  • Rebuilt (Y/N): No
  • Rehab (Y/N): No
  • Actual Status: Pending
  • SomePhotosVirtuallyStaged: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partially Finished, Partial
  • Total Bathrooms: 4
  • Total Bedrooms: 7
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Microwave
  • AppliancesAndFeatures: Stove,Refrigerator,Microwave

Exterior Features

  • Construction Materials: Brick
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned, Yes, Owned
  • ParkingTotal: 8

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas, Forced Air
  • Water Source: Lake Michigan, Public

Fee Information

  • Trash Expense: 1080
  • Water Sewer Expenses: 860
  • Trash Expense Year: 2025

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 6375 SQ FT
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • TenantPays: Electric,Gas,Heat

Multi Family

  • Net Operating Income: 20400
  • Insurance Expense: 3255
  • ElectricExpense: 360
  • GrossIncome: 64800
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 15483
  • Tax Year: 2023

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft Prior Sale
11/12/2025 11/12/25 Pending -- -- --
10/11/2025 10/11/25 For Sale $475,000 +77.6% --
07/21/2021 07/21/21 Sold $267,400 -9.4% -- View Prior Sale
05/10/2021 05/10/21 For Sale -- -- --
05/09/2021 05/09/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $295,000 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12491698

Midwest Real Estate Data (MRED)