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!
Active
Price cut: $25K (6/7)
$299,950
18425 Torrence Ave, Lansing, IL 60438
5beds
--sqft
Multi Family
Built in 1963
-- sqft lot
$298,300 Zestimate®
$--/sqft
$-- HOA
What's special
- 52 days |
- 766 |
- 58 |
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
Loading...
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
$298,300
$283,000 - $313,000
$1,850/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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 | -- | $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 | $18,844 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 0.5 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.
A local agent can set up tours, give advice and negotiate with sellers.
- Illinois
- Cook County
- Lansing
- 60438
- 18425 Torrence Ave
Nearby cities
Nearby zip codes
Other Lansing Topics
