2460 Indiana Ave Lansing, IL 60438
Estimated payment $2,456/month
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!
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
Map
Home Values in the Area
Average Home Value in this Area
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)
MLS Number: 12368689

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