$925,000
SOLD AUG 27, 2024

2415 Thornton Lansing Rd Lansing, IL 60438

19 Beds
11 Baths
-- Sq Ft
0.3 Acres

Recently Sold

5% Below List Price

17 Days on Market

About This Home

As of August 2024

Pleased to present the opportunity to purchase a multi-family investment property located at 2415 Thornton Lansing Road in Lansing, Illinois. The Property is a three-story brick building and contains eleven (11) residential units comprised of eight (8) 2-Bedroom/1-Bathroom units and three (3), 1-Bedroom/1-Bathroom units. The well-maintained brick apartment building features on-site laundry facilities and Sixteen (16) on-site parking spaces. The property is in Lansing, Illinois which is a South Suburb of Chicago located along the border of Illinois and Indiana. The property has excellent access to the Kingery Expressway, which connects I-80, I-94, I-294, I-394, IL-83, and US-6 at the Torrence Avenue exit ramp located within 1-mile of the property. The quick highway access provides easy accessibility to both Chicago Metropolitan and Northwest Indiana and the surrounding areas.

Last Agent to Sell the Property

Anthony Spangler

Horvath & Tremblay IL, LLC License #475173833 Listed on: 06/19/2024

Last Buyer's Agent

Arturo Olivares

Cloud Gate Realty LLC License #475184417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,413

Year Built

  • Built in 1963

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 50x300

Interior Spaces

  • 3-Story Property

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 11 Bathrooms

Utilities

  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Tenant pays for electricity, heat

Community Details

Overview

  • 11 Units

Building Details

  • Electric Expense $2,121
  • Fuel Expense $2,687
  • Insurance Expense $9,161
  • Maintenance Expense $3,375
  • Other Expense $1,650
  • Trash Expense $1,617
  • Water Sewer Expense $9,941
  • Operating Expense $59,965
  • Gross Income $133,320
  • Net Operating Income $74,605

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,413

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Property Type: Multi Family 5+
  • Property Sub-Type: Flats
  • Stories: 3
  • Year Built: 1963
  • Built Before 1978 (Y/N): Yes
  • Information: 48-Hr Notice Required
  • Estimated Age: 36-50 Years
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 11
  • Total Bedrooms: 19
  • Room: 0
  • Room: 0
  • Room: 0

Exterior Features

  • List Price: 975000

Utilities

  • Heat/Ventilation: Electric,Baseboard,Separate Per Unit

Fee Information

  • Trash Expense: 1617
  • Water Sewer Expenses: 9941
  • Janitor Expense: 0

Lot Info

  • Additional Parcels: No
  • Lot Size Acres: 0.3
  • Lot Dimensions: 50X300

Rental Info

  • Tenant Pays: Electricity, Heat
  • Board Number: 8

Multi Family

  • Net Operating Income: 74605
  • Fuel Expense: 2687
  • Insurance Expense: 9161
  • ElectricExpense: 2121
  • GrossIncome: 133320
  • Maintenance Expense: 3375
  • NumberOfUnitsTotal: 11
  • OperatingExpense: 59965
  • Type Multi-Family: Flats

Tax Info

  • Tax Annual Amount: 29413
  • Tax Year: 2022

Range of Values:

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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 Change Sq Ft Price
08/27/2024 08/27/24 Sold $925,000 -5.1% --
07/07/2024 07/07/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $975,000 -- --
Source: Midwest Real Estate Data (MRED)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Midwest Real Estate Data (MRED)

MLS Number: 12088452

Midwest Real Estate Data (MRED)