$305,000
SOLD SEP 12, 2025

2427 Thornton Lansing Rd Lansing, IL 60438

6 Beds
4 Baths
-- Sq Ft
1928 Built

Recently Sold

3% Below List Price

12 Days on Market

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Andrew Page

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

Last Buyer's Agent

Lona Reiling

EXIT Strategy Realty License #475144094

EXIT Strategy Realty

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
  • Actual Status: Closed
  • SomePhotosVirtuallyStaged: No
  • 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
  • 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

Exterior Features

  • Construction Materials: Vinyl Siding
  • 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

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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Sold Price
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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 List to Sale Price per Sq Ft
09/12/2025 09/12/25 Sold $305,000 -3.2% --
08/04/2025 08/04/25 Pending -- -- --
07/23/2025 07/23/25 For Sale $315,000 -- --
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: 12427778

Midwest Real Estate Data (MRED)