18508 Torrence Ave Lansing, IL 60438
Estimated payment $3,781/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12491698
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