$58,000
SOLD MAY 11, 2023 RENTED APR 24, 2025

18550 Torrence Ave Unit 12 Lansing, IL 60438

2 Beds
1 Bath
900 Sq Ft
$324/mo HOA Fee

Recently Sold

$64 Per Sq Ft

11% Below List Price

202 Days on Market

Highlights

  • Living Room
  • Laundry Room
  • Baseboard Heating
  • Resident Manager or Management On Site
  • Dining Room
  • Family Room

About This Home

As of May 2023

Deal Fell Through. Price drop. Investors Welcome!!! Vacant 2nd floor unit facing Torrence. Please call OUR OFFICE DURING BUSINESS HOURS TO SCHEDULE SHOWING! *Pool Access, Heat, Cooking Gas, Water, Sewer, and Garbage Pick up Included in Assessments *14' x 12' Bedroom and 12' x 10' Bedroom *Residents pay Electric, Phone and Cable *Laundry Located on each Floor of Building *1 Assigned and 1 Unassigned Off Street parking spaces. Be advised the property located at 18550 Torrence Ave APT 12, Lansing, IL 60438 may qualify for up to $5,000 Chase Homebuyer Grant. For more information contact Louis Vela, MLS ID: 228520 at CHASE BANK LANSING

Last Agent to Sell the Property

Leslie Bogs

Bogs Management, Inc. License #471020995 Listed on: 10/04/2022

Last Buyer's Agent

Carolyn Moore-Washington

Coldwell Banker Realty License #475124213

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,529

Year Built

  • Built in 1985 | Remodeled in 2020

HOA Fees

  • $324 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room
  • Dining Room
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Potential Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Uncovered Parking
  • Parking Included in Price
  • Assigned Parking
  • Unassigned Parking

Utilities

  • One Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Lake Michigan Water

Listing and Financial Details

  • Homeowner Tax Exemptions
  • Senior Freeze Tax Exemptions

Community Details

Overview

  • Association fees include heat, water, gas, parking, insurance, clubhouse, pool, exterior maintenance, lawn care, scavenger, snow removal
  • 27 Units
  • Advocate Association, Phone Number (708) 922-9144
  • Property managed by Advocate Property Management

Pet Policy

  • Pets up to 25 lbs
  • Dogs Allowed

Additional Features

  • Laundry Facilities
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,529

Year Built

Built in 1985 | Remodeled in 2020

Lot Details

0

HOA Fees

$324 per month

Listing Details

  • Property Type: Residential
  • Property Type: Attached Single
  • Type Attached: Condo
  • Ownership: Condo
  • New Construction: No
  • Property Sub-Type: Condo
  • Year Built: 1985
  • Age: 31-40 Years
  • Built Before 1978 (Y/N): No
  • Disability Access and/or Equipped: No
  • General Information: School Bus Service,Commuter Bus
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Unit Floor Level: 2
  • Rehab Year: 2020
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Renovated: 2020

Interior Features

  • Basement: None
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 900
  • Room Type: No additional rooms
  • Stories Total: 1
  • Estimated Total Finished Sq Ft: 0
  • Basement Description: None
  • Basement Bathrooms: No
  • Below Grade Bedrooms: 0
  • Total Sq Ft: 0
  • Total Sq Ft: 0
  • Flooring: Carpet

Exterior Features

  • List Price: 65500
  • Waterfront: No
  • Exterior Building Type: Brick

Garage/Parking

  • Parking Features: Assigned, Unassigned
  • ParkingTotal: 2
  • Number of Cars: 2
  • Parking: Space/s
  • Parking On-Site: Yes
  • Parking Ownership: Owned

Utilities

  • Sewer: Public Sewer
  • Cooling: Window/Wall Unit - 1
  • Heating: Baseboard
  • Laundry Features: Common Area
  • Water Source: Lake Michigan

Condo/Co-op/Association

  • Pets Allowed: Dogs OK
  • Association Fee: 324
  • Association Fee Frequency: Monthly
  • Management: Manager Off-site
  • Master Association Fee: No
  • Master Association Fee Frequency: Not Required
  • Management Company: Advocate Property Management
  • Management Contact Name: ADVOCATE
  • Management Phone: 708-922-9144
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Gas, Parking, Insurance, Clubhouse, Pool, Exterior Maintenance, Lawn Care, Scavenger, Snow Removal

Schools

  • Middle/Junior School District: 158

Lot Info

  • Additional Parcels: No
  • Lot Dimensions: COMMON
  • Rural (Y/N): N
  • Special Assessments: N

Rental Info

  • Board Number: 10
  • Pets Allowed (Y/N): Yes
  • Is Parking Included in Price: Yes
  • Max Pet Weight: 25#

Tax Info

  • Tax Annual Amount: 2528.68
  • Tax Year: 2021
  • Tax Exemptions: Homeowner,Senior Freeze

Multi Family

  • Units in Building: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 26, 2024
Sold by
Adekunle Dasola R
Bought by
Ozonwankwo Ernest C
Current Estimated Value
$82,604

Purchase Details

Closed on
Dec 8, 2020
Sold by
Cem Investment Llc
Bought by
Adekunle Dasola R

Purchase Details

Closed on
May 15, 2019
Sold by
Owoeye Ibukun P
Bought by
Cem Investment Llc

Purchase Details

Closed on
Jul 23, 2014
Sold by
Edwards Dawn C
Bought by
Owoeye Ibukun

Purchase Details

Closed on
Oct 21, 2005
Sold by
Race Wendy A
Bought by
Edwards Dawn C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,920
Interest Rate
7.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Sep 12, 1994
Sold by
South Holland Trust & Svgs Banks
Bought by
Faitak Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
8.6%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $72,000 None Listed On Document
Quit Claim Deed $50,000 None Available
Quit Claim Deed $45,000 Attorney
Warranty Deed $16,000 First American Title
Administrators Deed $79,900 Atgf Inc
Trustee Deed $62,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $63,920 Unknown
Previous Owner $11,985 Stand Alone Second
Previous Owner $37,500 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2025 04/24/25 Rented $1,321 -14.8% --
04/21/2025 04/21/25 Under Contract -- -- --
03/11/2025 03/11/25 Off Market $1,550 -- --
01/29/2025 01/29/25 For Rent $1,550 +6.9% --
07/30/2023 07/30/23 Rented $1,450 0.0% --
07/12/2023 07/12/23 Under Contract -- -- --
07/12/2023 07/12/23 For Rent $1,450 0.0% --
05/11/2023 05/11/23 Sold $58,000 -11.5% $64 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $65,500 0.0% $73 / Sq Ft
04/12/2023 04/12/23 Pending -- -- --
03/25/2023 03/25/23 Price Changed $65,500 0.0% $73 / Sq Ft
03/25/2023 03/25/23 For Sale $65,500 -5.1% $73 / Sq Ft
03/13/2023 03/13/23 Pending -- -- --
02/06/2023 02/06/23 Price Changed $69,000 -0.4% $77 / Sq Ft
01/24/2023 01/24/23 Price Changed $69,250 -0.7% $77 / Sq Ft
12/22/2022 12/22/22 Price Changed $69,750 -0.2% $78 / Sq Ft
10/04/2022 10/04/22 For Sale $69,900 -- $78 / Sq Ft
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,922 $6,040 $932 $5,108
2023 $2,600 $6,040 $932 $5,108
2022 $2,600 $4,002 $847 $3,155
2021 $2,529 $4,000 $846 $3,154
2020 $2,347 $4,000 $846 $3,154
2019 $1,406 $2,470 $762 $1,708
2018 $0 $3,119 $762 $2,357
2017 $0 $3,119 $762 $2,357
2016 $653 $3,692 $677 $3,015
2015 $543 $3,692 $677 $3,015
2014 $1,850 $3,692 $677 $3,015
2013 $1,992 $4,425 $677 $3,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 11644731

Midwest Real Estate Data (MRED)

APN: 29-36-410-003-1002