Off market jul 2015 for $205K

—

Est. refi paymentEst. refi $1,432/mo

•

6 ba

•

—

sq ft

18405 Torrence Ave, Lansing, IL 60438

About this home

This six flat located on Torrence Ave. in Lansing is a great opportunity for an investor to acquire a well maintained fully occupied building in a great neighborhood Priced to give the new owner a return of over 20%, it has a new boiler and hot water heater along with new windows spread throughout the building The current owern has owned it for over 20 years and has always had a strong occupancy

Multi-familyProperty Type

1963Year Built

6,969 sq ftLot Size

6 spacesParking

Listed by Joe Esselman • Penn Real Estate

Bought with Jose Castillo • RE/MAX Mi Casa

Redfin checked: a few seconds ago

•Source:MRED as Distributed by MLS Grid #08958861

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 60438, IL

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.7%

+0.1% MoM

Median sale price

$209K

$3K MoM

Avg. days on market

70d

2 days MoM

Recently sold homes

115

3 MoM

New listings for sale

NEW
$339,900
4 beds2 baths1,938 sq ft
18165 Brittany Ln, Lansing, IL 60438
NEW 9 HRS AGO
$173,000
2 beds2 baths1,300 sq ft
3640 186th St #302, Lansing, IL 60438
NEW 14 HRS AGO
$219,900
3 beds2 baths1,230 sq ft
2837 191st Pl, Lansing, IL 60438
NEW 17 HRS AGO
$179,900
4 beds2 baths— sq ft
17963 Roy St, Lansing, IL 60438
$199,000
5 beds2 baths2,127 sq ft
17853 Bock Rd, Lansing, IL 60438
NEW
$245,000
3 beds2 baths1,900 sq ft
3628 177th Pl, Lansing, IL 60438
$187,500
3 beds2 baths1,357 sq ft
17143 Ridgewood Ave, Lansing, IL 60438
NEW 1 DAY AGO
$430,000
8 beds4 baths— sq ft
18207 Locust St, Lansing, IL 60438
$209,900
3 beds1 bath750 sq ft
17825 Chicago Ave, Lansing, IL 60438
$232,000
3 beds2 baths1,084 sq ft
3427 Adams St, Lansing, IL 60438
See all

Provided by Redfin

Sale history for 18405 Torrence Ave

Year

Property tax

Land + Additions

Assessment*

2023

$12,074 (+9.1%)

$3,897 + $21,059

$24,956

2022

$11,065 (+2.8%)

$3,365 + $13,660

$17,025

2021

$10,763 (+7.8%)

$3,365 + $13,660

$17,025

2020

$9,988 (−15.3%)

$3,365 + $13,660

$17,025

2019

$11,799 (+1.9%)

$2,834 + $17,891

$20,725

2018

$11,581 (−1.0%)

$2,834 + $17,891

$20,725

2017

$11,693 (+4.2%)

$2,834 + $17,891

$20,725

2016

$11,221 (+7.6%)

$2,656 + $17,865

$20,521

2015

$10,425 (+1.4%)

$2,656 + $17,865

$20,521

2014

$10,282 (+6.1%)

$2,656 + $17,865

$20,521

2013

$9,695 (+7.6%)

$2,656 + $18,876

$21,532

2012

$9,013 (+7.0%)

$2,656 + $18,876

$21,532

2011

$8,425 (+6.2%)

$2,656 + $18,876

$21,532

2010

$7,935 (−4.4%)

$2,656 + $18,122

$20,778

2009

$8,300 (+10.7%)

$2,656 + $19,608

$22,264

2008

$7,498 (+12.1%)

$4,250 + $19,186

$23,436

2007

$6,691

$3,967 + $16,853

$20,820

Tax history for 18405 Torrence Ave

Year

Property tax

Land + Additions

Assessment*

2023

$12,074 (+9.1%)

$3,897 + $21,059

$24,956

2022

$11,065 (+2.8%)

$3,365 + $13,660

$17,025

2021

$10,763 (+7.8%)

$3,365 + $13,660

$17,025

2020

$9,988 (−15.3%)

$3,365 + $13,660

$17,025

2019

$11,799 (+1.9%)

$2,834 + $17,891

$20,725

2018

$11,581 (−1.0%)

$2,834 + $17,891

$20,725

2017

$11,693 (+4.2%)

$2,834 + $17,891

$20,725

2016

$11,221 (+7.6%)

$2,656 + $17,865

$20,521

2015

$10,425 (+1.4%)

$2,656 + $17,865

$20,521

2014

$10,282 (+6.1%)

$2,656 + $17,865

$20,521

2013

$9,695 (+7.6%)

$2,656 + $18,876

$21,532

2012

$9,013 (+7.0%)

$2,656 + $18,876

$21,532

2011

$8,425 (+6.2%)

$2,656 + $18,876

$21,532

2010

$7,935 (−4.4%)

$2,656 + $18,122

$20,778

2009

$8,300 (+10.7%)

$2,656 + $19,608

$22,264

2008

$7,498 (+12.1%)

$4,250 + $19,186

$23,436

2007

$6,691

$3,967 + $16,853

$20,820

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

7,085 Sq. Ft.

Year renovated

—

Sq. Ft.

2,840

Year built

1963

Style

Multi-Family (5+ Unit)

County

Cook County

APN

30313140520000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 17, 2026.

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

Property details

Parking

Parking Information
# of Parking (Total): 6

Interior

Unit Type 1 Information
# of Rooms: 3
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 4
Monthly Income: $550

Unit Type 2 Information
# of Rooms: 5
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
# of Units: 2
Monthly Income: $800

Exterior

Building Information
# of Units: 6
Built Before 1978 (Y/N): Yes

Property Information
Property Type: Multi Family 5+
Parcel Number: 30313140520000

Lot Information
Dimensions: 120 X 60
Zoning: MULTI

Financial

Tax Information
Tax Annual Amount: $9,695.10
Tax Year: 2014

Financial Information
Finance Code: Cash
Gross Rent Multiplier: 5.6
Total Monthly Income: $3,870
Gross Income: $44,118

Utilities

Heating & Cooling
Heat/Ventilation: Central Bldg Heat,Gas,Baseboard

Location

Location Information
Township: BLOOM
Directions: Torrence South to property

Public facts

Beds: 8
Baths: 6.0
Sq. Ft.: 2,840
Stories: 2.0
Lot Size: 7,085 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1963
Year Renovated: —
County: Cook County
APN: 30313140520000

Home facts updated by county records on Sep 16, 2026

Around this home

Schools

Oak Glen Elementary School

Public K-5 • Assigned • 0.4mi

4/10

Memorial Junior High School

Public 6-8 • Assigned • 0.4mi

4/10

Thornton Fractional South High School

Public 9-12 • Assigned • 0.9mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.46% 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

Minor risk of severe winds over 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)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.3 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

10.3 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 60438

NEW

$339,900

4 beds2 baths1,938 sq ft

18165 Brittany Ln, Lansing, IL 60438

NEW 9 HRS AGO

$173,000

2 beds2 baths1,300 sq ft

3640 186th St #302, Lansing, IL 60438

NEW 14 HRS AGO

$219,900

3 beds2 baths1,230 sq ft

2837 191st Pl, Lansing, IL 60438

NEW 17 HRS AGO

$179,900

4 beds2 baths— sq ft

17963 Roy St, Lansing, IL 60438

$199,000

5 beds2 baths2,127 sq ft

17853 Bock Rd, Lansing, IL 60438

NEW

$245,000

3 beds2 baths1,900 sq ft

3628 177th Pl, Lansing, IL 60438

$187,500

3 beds2 baths1,357 sq ft

17143 Ridgewood Ave, Lansing, IL 60438

NEW 1 DAY AGO

$430,000

8 beds4 baths— sq ft

18207 Locust St, Lansing, IL 60438

$209,900

3 beds1 bath750 sq ft

17825 Chicago Ave, Lansing, IL 60438

Home values near 18405 Torrence Ave

Data from public records.

Address	Redfin Estimate
18413 Torrence Ave, Lansing, IL 5 Beds \| 4 Baths \| - Sq. Ft.	$239,036
18377 Torrence Ave, Lansing, IL 5 Beds \| 4 Baths \| - Sq. Ft.	$400,854

Address	Redfin Estimate
18381 Torrence Ave, Lansing, IL 8 Beds \| 6 Baths \| 3969 Sq. Ft.	—
18423 Torrence Ave, Lansing, IL 5 Beds \| 4 Baths \| 2563 Sq. Ft.	$369,982

Address	Redfin Estimate
18411 Torrence Ave, Lansing, IL 3 Beds \| 1 Baths \| 1393 Sq. Ft.	$198,052
18419 Torrence Ave Apt 1, Lansing, IL 5 Beds \| 4 Baths \| 2563 Sq. Ft.	$403,203

Property information provided by undefined .

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 60438, IL

Sale history for 18405 Torrence Ave

Tax history for 18405 Torrence Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 60438

Home values near 18405 Torrence Ave

More real estate resources