BACK ON THE MARKET... due to the previous buyer being unable to complete the transaction. Seller has addressed all items identified during the prior inspection. 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 well maintained, providing immediate rental income. 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!
New
$430,000
18207 Locust St, Lansing, IL 60438
8beds
--sqft
Multi Family
Built in 1965
-- sqft lot
$426,000 Zestimate®
$--/sqft
$-- HOA
What's special
Six exterior parking spaces
- 23 hours
- 64
- 10
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#: 12774098
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: 10/1/2026
- Ownership: Fee Simple
Estimated market value
$426,000
$405,000 - $447,000
$1,737/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2026 | Listed for sale | $430,000-1.1% |
Source: | ||
| 10/1/2026 | Listing removed | $435,000 |
Source: | ||
| 9/18/2026 | Listed for sale | $435,000 |
Source: | ||
| 7/7/2026 | Pending sale | $435,000 |
Source: | ||
| 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 | $16,403 +5.9% | $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
Payment breakdown
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Neighborhood: 60438
Nearby schools
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.





