Exceptional Investment Property in Lansing, Illinois!Perfect for an astute investor looking to expand their portfolio or someone seeking a prime owner-occupied property with rental income.Lansing, Illinois: A Community of Pride and Progress. Lansing has grown into a friendly, well-maintained community in the desirable south suburbs of Chicago. It offers a dense urban atmosphere, good schools, numerous parks, and convenient access to metropolitan amenities. The village motto, "A community of pride, progress, and possibilities," is reflected in its stable neighborhoods and continuous development, making it an attractive location for long-term investment. The building is fully rented and well-maintained. This four-unit building is fully occupied, providing immediate, stable rental income. The property shows well, ensuring continued tenant satisfaction and value. Each of the four units features two good-sized bedrooms and one bath, a highly desirable configuration for renters in the area. Significant. The property offers six exterior parking spaces, a crucial amenity. Additionally, an unfinished basement provides excellent potential for setting up supplementary storage for tenants, adding further value and appeal. This Lansing property perfectly balances recent updates, strong rental demand, and valuable features, presenting an exceptional opportunity for both seasoned investors and owner-occupants. This is the one that your client will see and love!
Active
$435,000
18207 Locust St, Lansing, IL 60438
8beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$433,700 Zestimate®
$--/sqft
$-- HOA
What's special
Two good-sized bedroomsSix exterior parking spacesOne bath
- 9 days |
- 242 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Shari Smith, ABR,SFR,SRES 312-451-7490,
Red Pro Realty LLC
Source: MRED as distributed by MLS GRID,MLS#: 12674718
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Features
- Basement: Unfinished,Full
Property
Parking
- Total spaces: 8
- Parking features: Unassigned, Off Alley, Off Street, Driveway, Yes, Owned
- Has uncovered spaces: Yes
Lot
- Size: 7,405 Square Feet
- Dimensions: 96X83X97X82
- Features: Common Grounds
Details
- Additional structures: None
- Parcel number: 29364040320000
- Zoning: MULTI
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1965
- Major remodel year: 2020
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Curbs, Street Lights, Street Paved
- Security: Carbon Monoxide Detector(s)
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $320,010
- Annual tax amount: $14,216
- Date on market: 6/17/2026
- Ownership: Fee Simple
Estimated market value
$433,700
$412,000 - $455,000
$1,522/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2026 | Listed for sale | $435,000+72.6% |
Source: | ||
| 11/18/2020 | Sold | $252,000-10% |
Source: | ||
| 7/19/2020 | Pending sale | $279,900 |
Source: KMS Realty Inc. #10753910 Report a problem | ||
| 7/14/2020 | Listed for sale | $279,900 |
Source: KMS Realty Inc. #10753910 Report a problem | ||
| 6/24/2020 | Pending sale | $279,900 |
Source: KMS Realty Inc. #10753910 Report a problem | ||
| 6/24/2020 | Price change | $279,900+3.7% |
Source: KMS Realty Inc. #10753910 Report a problem | ||
| 6/19/2020 | Listed for sale | $269,900+54.1% |
Source: KMS Realty Inc. #10753910 Report a problem | ||
| 1/14/2020 | Sold | $175,137 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $32,001 +0% |
| 2023 | $15,483 +41.5% | $31,999 +90.1% |
| 2022 | $10,938 +2.8% | $16,830 |
| 2021 | $10,639 +7.7% | $16,830 |
| 2020 | $9,874 -30.5% | $16,830 -32.6% |
| 2019 | $14,217 +1.9% | $24,972 |
| 2018 | $13,954 -1% | $24,972 |
| 2017 | $14,090 +20.3% | $24,972 +16.6% |
| 2016 | $11,710 +7.6% | $21,416 |
| 2015 | $10,881 +1.4% | $21,416 |
| 2014 | $10,730 -1.5% | $21,416 -11.5% |
| 2013 | $10,899 +7.6% | $24,206 |
| 2012 | $10,132 +7% | $24,206 |
| 2011 | $9,471 +0.7% | $24,206 -1.7% |
| 2010 | $9,403 +2.4% | $24,622 |
| 2009 | $9,179 +10.7% | $24,622 -5% |
| 2008 | $8,292 +8.7% | $25,918 +9.2% |
| 2007 | $7,629 +5.6% | $23,739 |
| 2006 | $7,223 +1.8% | $23,739 |
| 2005 | $7,098 +9.1% | $23,739 +9.8% |
| 2004 | $6,509 +7.9% | $21,629 |
| 2003 | $6,033 +18% | $21,629 |
| 2002 | $5,114 +3.6% | $21,629 +3.2% |
| 2001 | $4,936 +1.3% | $20,965 |
| 2000 | $4,872 +1% | $20,965 |
| 1999 | $4,824 | $20,965 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 60438
Nearby schools
GreatSchools rating
- 4/10Oak Glen Elementary SchoolGrades: K-5Distance: 0.2 mi
- 4/10Memorial Jr High SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Thornton Fractional South High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: 158
Source: MRED as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Lansing
- 60438
- 18207 Locust St




