18207 Locust Street, Lansing, Illinois 60438
$425,000
|
For Sale
|
|
| Status: | Contingent |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 8 |
| Baths: | 0 |
| Year Built: | 1965 |
| Property Taxes: | $14,217 |
| Days On Market: | 38 |
| Lot Size: | 0,17 |
Description
BACK ON THE MARKET... The seller has completed repairs, and this 4-unit investment property in Lansing presents an excellent opportunity for its next owner. Property is ready for a new buyer and presents a solid investment opportunity. This four-unit investment property in Lansing offers an excellent opportunity for an investor looking to expand their portfolio or an owner-occupant seeking the benefits of rental income. The property is fully occupied and provides immediate rental income. Current rents are below prevailing market rates, offering potential for increased rental revenue. Each of the four units features two generously sized bedrooms and one bath. It also includes six exterior parking spaces, a valuable convenience. An unfinished basement provides additional space and potential for tenant storage or other permitted uses, adding further versatility. Conveniently located in Lansing, a well-established south suburban community with parks, amenities, and access to the greater Chicago area. The property combines location, functionality, and income-producing potential/rents are low for the area. With fully occupied units and valuable features, this four-unit building is ready for its next owner. Bring your buyer and take a closer look - this may be the investment opportunity they've been waiting for!
Property Specifics
| Multi-unit | |
| — | |
| Traditional | |
| 1965 | |
| 2020 | |
| Unfinished, Full | |
| Brick | |
| Asphalt | |
| — | |
| No | |
| 0.17 |
| Cook | |
| — | |
| — / — | |
| — | |
| Public | |
| Public Sewer | |
| — | |
| Gas | |
| Yes | |
| 12774098 | |
| 29364040320000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 14 Jan, 2020 | Sold | $175,137 | MRED MLS |
| 14 Nov, 2019 | Under contract | $199,700 | MRED MLS |
| — | Last price change | $199,700 | MRED MLS |
| 9 Oct, 2019 | Listed for sale | $202,500 | MRED MLS |
| 18 Nov, 2020 | Sold | $252,000 | MRED MLS |
| 19 Jul, 2020 | Under contract | $279,900 | MRED MLS |
| — | Last price change | $269,900 | MRED MLS |
| 19 Jun, 2020 | Listed for sale | $269,900 | MRED MLS |
| 4 Nov, 2026 | Under contract | $425,000 | MRED MLS |
| — | Last price change | $430,000 | MRED MLS |
| 1 Oct, 2026 | Listed for sale | $430,000 | MRED MLS |
Room Specifics
Total Bedrooms: 8
Bedrooms Above Ground: 8
Bedrooms Below Ground: 0
Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: —
Rooms: —
Other Specifics
| — | |
| Concrete Perimeter | |
| Unassigned, Off Alley, Off Street, Driveway, Owned | |
| — | |
| — | |
| — | |
| None | |
| — | |
| Common Grounds | |
| 96X83X97X82 | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| Curbs, Street Lights, Street Paved | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2020 | $14,090 |
| 2020 | $14,217 |
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Listing Provided By
Red Pro Realty LLC
