3061 Bernice Rd Lansing, IL 60438
Estimated payment $6,126/month
About This Home
Tremendous rehabbed 6 unit in an awesome apartment community! The current owners have fully renovated 15 of 18 units across this building and two others also available for sale individually or as a package (3045 and 3069 Bernice). Boasting $9700 of rental income and a complete tear off new roof this past year along with renovated units to modern standards, this is an unbeatable turnkey investment. Ownership has also installed electric heaters in the units to largely bypass the boilers (still installed but rarely kick on now) to much reduce the expenses. This complex also has a large parking lot with tons of spaces for tenants. This is an investor's dream given the 9%+ cash on cash at asking and turnkey condition.
Listing Agent
eXp Realty Brokerage Phone: (773) 630-9205 License #475188240 Listed on: 03/15/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,996
Year Built
- Built in 1978
Interior Spaces
- 3-Story Property
- Storage Room
- Fire Suppression System
Utilities
- Cooling System Mounted In Outer Wall Opening
- Central Heating
- Heating System Uses Gas
- 120/240V
- 100 Amp Service
Community Details
Overview
- 6 Units
Building Details
- Electric Expense $684
- Fuel Expense $2,664
- Insurance Expense $3,708
- Maintenance Expense $3,000
- Trash Expense $1,584
- Water Sewer Expense $1,848
- Operating Expense $44,293
- Gross Income $9,700
- Net Operating Income $67,427
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $19,353 | $40,000 | $3,702 | $36,298 |
| 2024 | $19,353 | $40,000 | $3,702 | $36,298 |
| 2023 | $22,029 | $40,000 | $3,702 | $36,298 |
| 2022 | $22,029 | $33,897 | $3,240 | $30,657 |
| 2021 | $21,427 | $33,895 | $3,239 | $30,656 |
| 2020 | $19,886 | $33,895 | $3,239 | $30,656 |
| 2019 | $18,021 | $31,653 | $3,008 | $28,645 |
| 2018 | $17,687 | $31,653 | $3,008 | $28,645 |
| 2017 | $17,859 | $31,653 | $3,008 | $28,645 |
| 2016 | $13,922 | $25,462 | $2,776 | $22,686 |
| 2015 | $12,936 | $25,462 | $2,776 | $22,686 |
| 2014 | $13,641 | $27,225 | $2,776 | $24,449 |
| 2013 | $12,401 | $27,542 | $2,776 | $24,766 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/15/2026 03/15/26 | For Sale | $825,000 | 0.0% | -- |
| 02/10/2016 02/10/16 | Rented | $957 | -20.3% | -- |
| 01/11/2016 01/11/16 | Under Contract | -- | -- | -- |
| 08/14/2015 08/14/15 | For Rent | $1,200 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12593035
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.