Excellent investment opportunity in the heart of Lansing! This well-maintained 4-unit building features three spacious 1-bedroom units and one 2-bedroom unit, offering strong rental potential and steady income opportunities. The property includes a total of 11 rooms, 5 bedrooms, and 4 full baths, providing comfortable living spaces for tenants. Conveniently located near shopping, dining, major highways, and public transportation. Whether you're expanding your portfolio or looking to owner-occupy while generating rental income, this multi-unit property is full of potential. Don't miss this opportunity to own a solid income-producing property in a desirable location!
Re-activated
Price cut: $25K (7/27)
$274,950
18425 Torrence Ave, Lansing, IL 60438
5beds
--sqft
Multi Family
Built in 1963
-- sqft lot
$274,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 97 days |
- 721 |
- 56 |
Zillow last checked:
Listing updated:
Listed by:
Steve Meeker 219-796-6924,
Meeker Real Estate Inc
Source: MRED as distributed by MLS GRID,MLS#: 12642372
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Foyer
Heating
- Natural Gas, Steam, Other, Zoned
Features
- Basement: None
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Off Alley, Yes, Other
Features
- Patio & porch: Porch
Lot
- Size: 4,791 Square Feet
- Dimensions: 40X119
- Features: Landscaped
Details
- Additional structures: None
- Parcel number: 30313140580000
- Zoning: MULTI
- Special conditions: None
- Other equipment: TV-Cable
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park, Curbs, Sidewalks, Street Lights, Street Paved
Location
- Region: Lansing
Financial & listing details
- Tax assessed value: $250,000
- Annual tax amount: $12,096
- Date on market: 5/11/2026
- Ownership: Fee Simple
Estimated market value
$274,800
$261,000 - $289,000
$1,989/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2026 | Listed for sale | $274,950 |
Source:  MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 8/12/2026 | Pending sale | $274,950 |
Source: MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 8/5/2026 | Contingent | $274,950 |
Source: MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 7/27/2026 | Price change | $274,950-8.3% |
Source: MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 6/7/2026 | Price change | $299,950-7.7% |
Source: MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 5/11/2026 | Listed for sale | $324,900+149.9% |
Source: MRED as distributed by MLS GRID #12642372 Report a problem | ||
| 9/4/2018 | Sold | $130,000-6.5% |
Source: MRED as distributed by MLS GRID #10045999 Report a problem | ||
| 8/20/2018 | Pending sale | $139,000 |
Source: RE/MAX Action #10045999 Report a problem | ||
| 8/9/2018 | Listed for sale | $139,000+15.9% |
Source: RE/MAX Action #10045999 Report a problem | ||
| 6/27/2017 | Sold | $119,9000% |
Source: MRED as distributed by MLS GRID #09622792 Report a problem | ||
| 5/16/2017 | Pending sale | $119,909 |
Source: RE/MAX 2000 #09622792 Report a problem | ||
| 5/11/2017 | Listed for sale | $119,909 |
Source: RE/MAX 2000 #09622792 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,814 +5.9% | $25,000 |
| 2023 | $12,096 +21.7% | $25,000 +63.5% |
| 2022 | $9,939 +2.8% | $15,293 |
| 2021 | $9,668 +7.8% | $15,293 |
| 2020 | $8,972 -9.6% | $15,293 -12.3% |
| 2019 | $9,928 +1.9% | $17,439 |
| 2018 | $9,744 -1% | $17,439 |
| 2017 | $9,839 +8.6% | $17,439 +5.2% |
| 2016 | $9,062 +7.6% | $16,574 |
| 2015 | $8,421 +1.4% | $16,574 |
| 2014 | $8,304 -7.4% | $16,574 -16.8% |
| 2013 | $8,966 +7.6% | $19,912 |
| 2012 | $8,335 +7% | $19,912 |
| 2011 | $7,791 +21.2% | $19,912 +18.3% |
| 2010 | $6,430 -9.7% | $16,836 -11.8% |
| 2009 | $7,118 +2.7% | $19,092 -11.9% |
| 2008 | $6,932 +35.2% | $21,668 +35.8% |
| 2007 | $5,126 -17.6% | $15,950 -21.9% |
| 2006 | $6,218 +1.8% | $20,434 |
| 2005 | $6,110 +0.7% | $20,434 +1.4% |
| 2004 | $6,066 +7.9% | $20,158 |
| 2003 | $5,623 +18% | $20,158 |
| 2002 | $4,766 +7.4% | $20,158 +7% |
| 2001 | $4,436 +1.3% | $18,844 |
| 2000 | $4,379 +3.3% | $18,844 |
| 1999 | $4,237 | $18,844 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 60438
Nearby schools
GreatSchools rating
- 4/10Oak Glen Elementary SchoolGrades: K-5Distance: 0.5 mi
- 4/10Memorial Jr High SchoolGrades: 6-8Distance: 0.5 mi
- 7/10Thornton Fractional South High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: 171
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.
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A local agent can set up tours, give advice and negotiate with sellers.
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