3061 Bernice Rd Lansing, IL 60438
Lansing AreaEstimated payment $5,985/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 $116,400
- Net Operating Income $67,427
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/29/2026 07/29/26 | Price Changed | $762,000 | -4.8% | -- |
| 05/06/2026 05/06/26 | Price Changed | $800,000 | -3.0% | -- |
| 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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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
- 3069 Bernice Rd
- 3045 Bernice Rd
- 17332 Lorenz Ave
- 3127 Bernice Rd Unit 5
- 3018 Bernice Rd Unit 205
- 3133 Bernice Rd Unit 2
- 3425 Bernice Ave
- 17312 Greenbay Ave
- 17246 Burnham Ave
- 17318 Walter St
- 17237 Greenbay Ave
- 17213 Lorenz Ave
- 17256 Walter St
- 17337 Roy St
- 17333 Roy St
- 17303 Roy St
- 17552 Roy St
- 17242 Community St
- 2903 172nd St
- 17513 Community St
- 3002-3044 Bernice Ave
- 3145 Bernice Rd Unit 2
- 18108 Oakwood Ave
- 18006 Wentworth Ave Unit 3553
- 2303 Holiday Terrace Unit 41
- 10 Lawndale St Unit 2
- 7500 Hohman Ave
- 7611 Kinsley Place
- 7610 Manor Ave
- 1374 Forest Place
- 242 Adelaide Place
- 18343 Oakwood Ave
- 17754 Rosewood Dr
- 17754 Rosewood Dr Unit 1N
- 322 Beacon Place
- 18518 Wildwood Ave Unit 2W
- 2824 186th St
- 2826 186th St
- 16752 Luella Ave
- 544 Cherry St
Ask me questions while you tour the home.