18514 Torrence Ave Lansing, IL 60438
Estimated payment $3,414/month
Highlights
- Video Cameras
- Ceiling Fan
- Paved or Partially Paved Lot
- Forced Air Heating System
- Multiple Water Heaters
About This Home
INVESTMENT OPPORTUNITY - SOLID BRICK 4 UNIT - Rarely available 4 unit with THREE-2 bedroom/1 bath units (all rented) and ONE-1 bedroom/1 bath unit (vacant). Perfect investment opportunity to live in 1 unit, while tenants pay your mortgage. OR rent all 4 & simply add to your portfolio. Tenants pay their own gas & electric (landlord pays water). Each unit has its OWN water heater & separate furnace, as well as a stove & fridge. Solar powered security cameras on front & back included; parking includes 4 dedicated spots; one per unit. Three of the 4 units have been refreshed in the last 4 years (new toilets, paint, flooring etc). Ideal location just south of 80-94. Taxes currently reflect zero exemptions. Don't let this investment opportunity pass you by; the neighboring 4-unit sold in just 4 days at this price!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,031
Year Built
- Built in 1963
Lot Details
- Lot Dimensions are 51x125
- Paved or Partially Paved Lot
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Concrete Perimeter Foundation
Interior Spaces
- Ceiling Fan
- Window Screens
- Video Cameras
Bedrooms and Bathrooms
- 7 Bedrooms
- 7 Potential Bedrooms
- 4 Bathrooms
Parking
- 4 Parking Spaces
- Parking Lot
- Parking Included in Price
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Lake Michigan Water
- Multiple Water Heaters
- Gas Water Heater
Community Details
- 4 Units
- 4 Unit
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Pending | -- | -- | -- |
| 08/28/2025 08/28/25 | For Sale | $425,000 | 0.0% | -- |
| 08/12/2025 08/12/25 | Pending | -- | -- | -- |
| 07/30/2025 07/30/25 | For Sale | $425,000 | +51.8% | -- |
| 10/07/2021 10/07/21 | Sold | $280,000 | -3.4% | -- |
| 07/02/2021 07/02/21 | Pending | -- | -- | -- |
| 06/25/2021 06/25/21 | For Sale | -- | -- | -- |
| 06/22/2021 06/22/21 | Pending | -- | -- | -- |
| 06/19/2021 06/19/21 | For Sale | $290,000 | +52.7% | -- |
| 04/05/2019 04/05/19 | Sold | $189,900 | 0.0% | -- |
| 02/11/2019 02/11/19 | Pending | -- | -- | -- |
| 02/05/2019 02/05/19 | For Sale | $189,900 | +5.4% | -- |
| 05/18/2016 05/18/16 | Sold | $180,100 | +0.1% | -- |
| 04/01/2016 04/01/16 | Pending | -- | -- | -- |
| 03/28/2016 03/28/16 | For Sale | $179,900 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12426672
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