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Listing provided courtesy of Meeker Real Estate IncMREDas Distributed by MLSGrid- MLS# 12642372MLS Provider

18425 Torrence AvenueLansing, IL 60438

Multi-Family · 5 Beds · 0.11 Acres
$299,950 Active

18425 Torrence Avenue Overview

Time on Site:
50 days
Visits:
1

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!

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18425 Torrence Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.11 Acres

Details

General

School Information

  • School District: 215

Income/Expenses

  • Gross Income: 34800
  • Net Operating Income: 0

Building Information

  • New Construction: No
  • Year Built: 1963

Location/Region

  • County Or Parish: Cook
  • MLS Area Major: Lansing
  • Township: Thornton

Community/Development

  • Community Features: Park, Curbs, Sidewalks, Street Lights, Street Paved

Tax Information

  • Tax Annual Amount: $12,096.00
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 30313140580000
  • Property Type: Residential Income
  • Special Listing Conditions: None
  • Zoning: MULTI

Interior

Parking Information

  • Half Baths Building: 0

Beds/Baths

  • Bathrooms Total: 4
  • Bedrooms Total: 5
  • Bedrooms Possible: 5
  • Full Baths Building: 4

General Information

  • Basement: None
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas, Steam, Other, Zoned
  • Other Equipment: TV-Cable
  • Rooms Total: 11

Exterior

Parking Information

  • Parking Features: Assigned, Off Alley, Yes, Other
  • Parking Total: 4

Lot Information

  • Additional Parcels: No
  • Lot Features: Landscaped
  • Lot Size Acres: 0.11
  • Lot Size Dimensions: 40X119
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Asphalt

General Information

  • Other Structures: None
  • Sewer: Public Sewer

Unit Information

Unit 1 Details

  • Unit Type: Unit 1
  • Actual Rent: 0
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Unit Type: Unit 2
  • Actual Rent: 0
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Unit Type: Unit 3
  • Actual Rent: 0
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Unit Type: Unit 4
  • Actual Rent: 0
  • Beds Total: 1
  • Baths Total: 1

18425 Torrence Avenue Neighborhood

Community

60438 (LANSING) Demographics

40
Median Age
3,536
Population Density (per sq. mile)
35%
College Educated
$57,143
Estimated Median Income
7,340
Estimated Total Home Owners
3,632
Estimated Total Renters
67% / 33%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

18425 Torrence Avenue Monthly Cost

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$ %
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$
Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

18425 Torrence Avenue Market Data

Based on the last 30 days in this zip code

$211,890
Average List Price
$153
Average Price per Square Foot
28
Properties Sold
81
Average Days on Market
159
Properties for Sale
Calculations provided by Reliance Network

18425 Torrence Avenue History

Date Event Value Agent
6/12/2026Source: MRED Status Change
Active
6/7/2026Source: MRED Price Reduction
$299,950 -7.7%
6/7/2026Source: MRED Status Change
Price Change
5/16/2026Source: MRED Status Change
Active
5/11/2026Source: MRED Added to Database
May 11, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022