$340,000

2460 Indiana Ave Lansing, IL 60438

Estimated payment $2,456/month

Total Views 8,727
5 Beds
4 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

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 furnace, new storm door, caulk and sealed all bathrooms and exterior door & windows with fresh paint in unit 3. One spacious 2-bedroom, 1-bath unit, and three 1-bedroom, 1-bath units. Convenient parking lot at the back for all of the units and additional street parking in the front. Owner-owned coin-operated laundry machines in the basement and additional storage space offer further income potential. Enjoy a robust monthly rental income of $4,000, translating to an impressive annual income of $48,000. Seize the opportunity to own this well-updated, income-generating property in a thriving community. Contact us today to schedule a viewing!

Listing Agent

Nicholas Kravat

Black Label Realty Co. License #475194670 Listed on: 05/18/2025

Black Label Realty Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,738

Year Built

  • Built in 1893 | Remodeled in 2023

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50' x 129'
  • Paved or Partially Paved Lot

Home Design

  • Asphalt Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Potential Bedrooms
  • 4 Bathrooms

Parking

  • 5 Parking Spaces
  • Parking Included in Price

Utilities

  • Heating System Uses Natural Gas
  • Lake Michigan Water

Additional Features

  • Basement Fills Entire Space Under The House
  • Patio

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $3,792
  • Fuel Expense $1,152
  • Insurance Expense $4,000
  • Trash Expense $792
  • Water Sewer Expense $1,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,738

Year Built

Built in 1893 | Remodeled in 2023

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Type: Two to Four Units
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1893
  • Age: 100+ Years
  • Built Before 1978 (Y/N): Yes
  • General Information: Commuter Bus,Historical District
  • Rebuilt (Y/N): No
  • Rehab (Y/N): Yes
  • Rehab Year: 2023
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Renovated: 2023

Interior Features

  • Basement: Partially Finished, Full
  • Total Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Bedrooms: 0
  • Full Bathrooms in Building: 4
  • Half Bathrooms in Building: 0
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • MRD_AppliancesAndFeatures: Stove,Refrigerator
  • AppliancesAndFeatures: Stove,Refrigerator
  • Room: 3

Exterior Features

  • Construction Materials: Vinyl Siding
  • List Price: 340000
  • Patio And Porch Features: Patio
  • Roof: Asphalt
  • Waterfront: No

Garage/Parking

  • Parking Features: On Site, Owned
  • ParkingTotal: 5

Utilities

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

Condo/Co-op/Association

  • Community Features: Street Paved
  • Conversion YN: Y

Fee Information

  • Trash Expense: 792
  • Water Sewer Expenses: 1028
  • Trash Expense Year: 2023

Schools

  • Middle/Junior School District: 158

Lot Info

  • Lot Size Acres: 0.14
  • Lot Dimensions: 50' X 129'
  • Lot Size: Less Than .25 Acre
  • Special Assessments: N

Rental Info

  • Board Number: 8
  • Is Parking Included in Price: Yes
  • TenantPays: None

Multi Family

  • Fuel Expense: 1152
  • Insurance Expense: 4000
  • ElectricExpense: 3792
  • Units in Building: 4
  • Three Bedroom Number of Units: No
  • Type-Multi: 4 Flat

Tax Info

  • Tax Annual Amount: 7737.79
  • Tax Year: 2023
  • Tax Exemptions: None

Map

Range of Values:

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Average Value
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List Price
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 Change Sq Ft Price
05/18/2025 05/18/25 For Sale $340,000 +65.9% --
07/29/2022 07/29/22 Sold $205,000 -10.8% --
06/29/2022 06/29/22 Pending -- -- --
06/12/2022 06/12/22 Price Changed $229,900 -4.2% --
05/27/2022 05/27/22 For Sale $239,900 -- --
Source: Midwest Real Estate Data (MRED)

Source: Midwest Real Estate Data (MRED)

MLS Number: 12368689

Midwest Real Estate Data (MRED)