$315,000

2427 Thornton Lansing Rd Lansing, IL 60438

Estimated payment $2,787/month

Total Views 2,549
6 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

This charming 4-unit building, just off Lansing's bustling Torrence Avenue, offers a desirable mix of 1- bedroom and 2-bedroom units in a high-demand rental market served by quality Lansing schools. With low maintenance requirements, strong upside for rent increases, and exciting value-add potential, this property is ideal for a live-in owner seeking both comfort and cash flow. Just minutes from Chicago and Lake Michigan, it's the perfect place to call home - and earn passive income while you do.

Listing Agent

Andrew Page

Ellsbury Group LLC License #475204625 Listed on: 07/23/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,580

Year Built

  • Built in 1928 | Remodeled in 2023

Parking

  • 2 Car Garage

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Potential Bedrooms
  • 4 Bathrooms

Additional Features

  • Basement Fills Entire Space Under The House
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,580

Year Built

Built in 1928 | Remodeled in 2023

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1928
  • Age: 91-100 Years
  • Built Before 1978 (Y/N): Yes
  • General Information: None
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Partially Finished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 6
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • MRD_AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • AppliancesAndFeatures: Stove,Refrigerator,Window Air Conditioner
  • Room: 5

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 315000
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Garage Spaces: 2
  • Parking Features: On Site, Garage Owned, Detached, Garage
  • ParkingTotal: 2

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Water Source: Public

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Dimensions: 13350 SQ
  • Lot Size: .25-.49 Acre
  • Special Assessments: N

Rental Info

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

Tax Info

  • Tax Annual Amount: 12580
  • Tax Year: 2023

Multi Family

  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/23/2025 07/23/25 For Sale $315,000 -- --
Source: Midwest Real Estate Data (MRED)

Similar Homes in Lansing, IL

  • 18233 Burnham Ave, Lansing, IL 60438

    $315,000

    • 7 Beds
    • 5 Baths
    • 18233 Burnham Ave
    • Lansing, IL

    Unique Multi-Unit Investment Opportunity! This well-maintained building features three spacious apartments, offering incredible versatility for investors or owner-occupants. The two main units each include 6 rooms, featuring 3 bedrooms and 1.5 baths, ideal for comfortable family living. The basement unit includes 1 bedroom, a full kitchen, living room, and two oversized bonus

    Oscar Arteaga Keller Williams Infinity

    Section Image
  • 2460 Indiana Ave, Lansing, IL 60438

    $340,000

    • 5 Beds
    • 4 Baths
    • 2460 Indiana Ave
    • Lansing, IL

    Charming Historic 4-Unit Property in the Heart of Lansing! This investment opportunity offers instant cash flow. Recent upgrades ensure peace of mind and increased property value, making this a standout choice for investors. Recent Improvements: 2022 New roof, furnace, AC, and electric panel. 2023 Newly installed front and back wood decks, along with a completely renovated garden unit. 2024 tuned

    Nicholas Kravat Black Label Realty Co.

    Section Image
  • 18377 Torrence Ave, Lansing, IL 60438

    $329,900

    • 5 Beds
    • 4 Baths
    • 18377 Torrence Ave
    • Lansing, IL

    Exceptional opportunity to own a well maintained 4-unit brick building. This income-producing property is ideally suited for both owner-occupants seeking a home with added financial benefits and savvy investors looking to expand their portfolio. The building features three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, each equipped with appliances for convenience. Residents will

    Deborah McGowan Real People Realty

    Section Image
  • 2838 Ridge Rd, Lansing, IL 60438

    $299,900

    • 4 Beds
    • 2 Baths
    • 2838 Ridge Rd
    • Lansing, IL

    Welcome to 2838 Ridge Rd, Lansing, IL 60438-a rare multi-unit property in a prime location just half a block from Memorial Junior High School and a short stroll to downtown Lansing's bustling shopping and dining scene. This beautifully updated property features two units, each designed for comfort and modern living. The top-floor unit includes 2 bedrooms, a spacious living room, and an updated

    Maria Munoz-Boyd Coldwell Banker Realty

    Section Image

Source: Midwest Real Estate Data (MRED)

MLS Number: 12427778

Midwest Real Estate Data (MRED)