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!
Great opportunity on this 4 unit building. It offers approximately 3,430 square feet of living space with 8 bedrooms and 4 bathrooms. Very Good floor plans. Basement can be used for extra storage. Built in 1965,ALL REPAIRS AND ENHANCEMENTS are done. all 2 br units, with comfortable room sizes and refinished floors, mostly hardwood floors, each unit can be rented at $ 1200. all units are vacant now and listed for rent in mls
MRED as Distributed by MLS Grid #10542416
Jan 14, 2020
Sold (MLS) (Closed Sale)
$175,137
Nov 14, 2019
Pending
—
Oct 26, 2019
Price Changed
$199,700
Oct 25, 2019
Listing Removed
—
Oct 25, 2019
Relisted (Reactivated)
—
Oct 9, 2019
Listed (New)
$202,500
Oct 9, 2019
Listing Removed
—
+8
There are no remarks available.
Public Records
Nov 1, 1986
Sold
$140,000
Year
Property tax
Land + Additions
Assessment*
2023
$15,483 (+41.5%)
$4,284 + $27,715
$31,999
2022
$10,938 (+2.8%)
$3,700 + $13,130
$16,830
2021
$10,639 (+7.7%)
$3,700 + $13,130
$16,830
2020
$9,874 (−30.5%)
$3,700 + $13,130
$16,830
2019
$14,217 (+1.9%)
$3,116 + $21,856
$24,972
2018
$13,954 (−1.0%)
$3,116 + $21,856
$24,972
2017
$14,090 (+20.3%)
$3,116 + $21,856
$24,972
2016
$11,710 (+7.6%)
$2,921 + $18,495
$21,416
2015
$10,880 (+1.4%)
$2,921 + $18,495
$21,416
2014
$10,730 (−1.6%)
$2,921 + $18,495
$21,416
2013
$10,899 (+7.6%)
$2,921 + $21,285
$24,206
2012
$10,132 (+7.0%)
$2,921 + $21,285
$24,206
2011
$9,471 (+0.7%)
$2,921 + $21,285
$24,206
2010
$9,403 (+2.4%)
$2,921 + $21,701
$24,622
2009
$9,179 (+10.7%)
$2,921 + $21,701
$24,622
2008
$8,292 (+8.7%)
$4,673 + $21,245
$25,918
2007
$7,629
$4,673 + $19,066
$23,739
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
7,790 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,430
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,430
Year built
1964
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
29364040320000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 11, 2026.
R4
General Residence District
The purpose of the R4 general residential district is to provide for, and preserve, the quality of higher density residential development that promotes the efficient use of land and infrastructure and provides for a variety of housing types and styles where such development is compatible with adjacent uses. The R4 district also provides for limited public and institutional uses that are compatible with surrounding residential neighborhoods.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Housing-Multiple units
Infrastructure
Educational/school
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.62% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
2/10 Wind Factor
0% chance of strong winds in next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 5 days in 30 years
Provided by First Street
Historical weather
Lansing, IL • 60438
Average low and high temperatures (°F)
30
16
39
23
55
34
62
43
68
49
81
63
86
69
83
64
79
58
68
48
51
37
37
23
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 18207 Locust St
$423,893
$11K under list price of $435K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $310K to $430K.