18508 Torrence Avenue, Lansing, Illinois 60438
$267,400
|
Sold
|
|
| Status: | Closed |
| Sqft: | 0 |
| Cost/Sqft: | — |
| Beds: | 7 |
| Baths: | 0 |
| Year Built: | 1962 |
| Property Taxes: | $12,512 |
| Days On Market: | 1651 |
| Lot Size: | 0,14 |
Description
Fully Rehabbed 4 Unit Building on Torrence Ave, New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has An Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is A Small Gas & Electric Bill for the Common Areas. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents
Property Specifics
| Multi-unit | |
| — | |
| — | |
| 1962 | |
| Partial | |
| — | |
| No | |
| 0.14 |
| Cook | |
| — | |
| — / — | |
| — | |
| Lake Michigan | |
| Public Sewer | |
| 11078829 | |
| 29364020840000 |
Property History
| DATE: | EVENT: | PRICE: | SOURCE: |
|---|---|---|---|
| 6 Oct, 2010 | Sold | $150,000 | MRED MLS |
| 13 Aug, 2010 | Under contract | $169,000 | MRED MLS |
| — | Last price change | $181,000 | MRED MLS |
| 9 Apr, 2009 | Listed for sale | $301,000 | MRED MLS |
| 21 Jul, 2021 | Sold | $267,400 | MRED MLS |
| 9 May, 2021 | Under contract | $295,000 | MRED MLS |
| 6 May, 2021 | Listed for sale | $295,000 | MRED MLS |
| 11 Oct, 2025 | Listed for sale | $475,000 | MRED MLS |
Room Specifics
All Bedroom Info:
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Total Bedrooms: 7
Bedrooms Above Ground: 7
Bedrooms Below Ground: 0
Second Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Third Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Fourth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Fifth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Sixth Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Seventh Bedroom Info:
Dimensions: —
Location: —Dimensions: —
Floor Type: —
Bathroom Info:
Full Bathrooms: 4
Partial Bathrooms: —Full Bathrooms: 4
Bathroom Amenities: —
Bathroom in Basement: 0
Additional Rooms Info:
Rooms: —
Basement: PartialRooms: —
Basement Description: Partially Finished
Other Specifics
| — | |
| — | |
| — | |
| — | |
| — | |
| 6375 SQ FT | |
| — | |
| — | |
| — | |
| — | |
| Not in DB | |
| — | |
| — | |
| — | |
| — |
Tax History
| Year | Property Taxes |
|---|---|
| 2010 | $7,350 |
| 2021 | $12,512 |
| 2025 | $15,483 |
Contact Agent
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Contact Agent
Listing Provided By
Horvath & Tremblay IL, LLC
