@@@ Must See @@@ Fully Updated Beautiful Brick 4 Unit Building on historic Torrence Ave. This beauty offers New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has an Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is a Small Gas & Electric Bill for the Common Areas. Landlord Pays Water & Garbage. Laundry Income Coin Collected. Units are three 2 Bedroom 1 Bath and one 1 Bedroom 1 bath. 2 BD 1 BA $1400 the 1 Bedroom with 1 bath is $1200 total of $5400 a month in rental income before expenses. Units are well kept with solid long-term tenants. Seller motivated!!! Schedule your private showing today start earning instant income. Owner occupants welcomed. Showings Sunday's between 4pm - 5:30pm
Multi-familyProperty Type
1962Year Built
6,098 sq ftLot Size
8 spacesParking
Listed by Eric White• Pearson Realty Group
Bought with Salma Torres• @properties Christie's International Real Estate
Fully Rehabbed 4 Unit Building on Torrence Ave, New Roof, Gutters, Windows, Kitchen, Baths, Hot water Tanks & Furnaces. Each Unit Has An Individual Forced Air Gas Furnace, and Individual Water Heaters. Tenants Pay Electric and Gas. There Is A Small Gas & Electric Bill for the Common Areas. Land Lord Pays Water & Garbage. Laundry Income Coin Collected. 2 BD 1 BA $875 2 BD 1 BA $925 2 BD 1 BA $900 1 Bed1 BA $840 Real Estate Taxes $13,762 Insurance $2,000 Water/Sewer $1,400 Common Area Electric $280 Gas $360 Landscaping/Snow $950 Trash Removal $984 Repairs & Maintenance $1,250 Total Expenses $20,986 NOI $22,744 Price $295,000 Cap Rate 7.71% Major Upside On Rents
Public Records
Oct 20, 2010
Sold
$130,000
MRED as Distributed by MLS Grid #07184624
Oct 6, 2010
Sold (MLS) (Closed Sale)
$150,000
Aug 13, 2010
Contingent
—
Jul 15, 2010
Price Changed (Price Change)
$169,000
Jun 22, 2010
Price Changed (Price Change)
$181,000
Jun 3, 2010
Price Changed (Price Change)
$198,000
May 24, 2010
Price Changed (Price Change)
$204,000
Mar 12, 2010
Price Changed (Price Change)
$230,000
Feb 12, 2010
Relisted (Reactivated)
—
Dec 22, 2009
Contingent
—
Aug 4, 2009
Price Changed (Price Change)
$275,000
Apr 10, 2009
Listed
$301,000
Bank approved Short sale!!!!---. No survey, no termite. Short sale okay! Separate heat, gas, and electric. Rehabbed in 2006 with newer roof, windows, kitchen, baths, carpet, appliances. Turn key operation here. Fully occupied. Secure building. Coin-operated laundry. Parking. WE Must sale this week!!This Build shows very nice. ..
Public Records
Jun 20, 2006
Sold
$345,000
Public Records
Nov 18, 2005
Sold
$245,000
Year
Property tax
Land + Additions
Assessment*
2023
$15,483 (+51.0%)
$3,506 + $28,493
$31,999
2022
$10,250 (+2.8%)
$3,028 + $12,744
$15,772
2021
$9,970 (+7.8%)
$3,028 + $12,744
$15,772
2020
$9,253 (−26.0%)
$3,028 + $12,744
$15,772
2019
$12,512 (+1.9%)
$2,550 + $19,427
$21,977
2018
$12,280 (−8.9%)
$2,550 + $19,427
$21,977
2017
$13,475 (+31.3%)
$2,550 + $21,332
$23,882
2016
$10,263 (+7.6%)
$2,390 + $16,380
$18,770
2015
$9,536 (+1.4%)
$2,390 + $16,380
$18,770
2014
$9,404 (+7.1%)
$2,390 + $16,380
$18,770
2013
$8,780 (+7.6%)
$2,390 + $17,110
$19,500
2012
$8,162 (+7.0%)
$2,390 + $17,110
$19,500
2011
$7,630 (−8.2%)
$2,390 + $17,110
$19,500
2010
$8,311 (+2.3%)
$2,390 + $21,189
$23,579
2009
$8,127 (+10.6%)
$2,390 + $21,189
$23,579
2008
$7,350 (+8.8%)
$3,824 + $20,995
$24,819
2007
$6,755
$3,569 + $19,210
$22,779
Tax history for 18508 Torrence Ave
Year
Property tax
Land + Additions
Assessment*
2023
$15,483 (+51.0%)
$3,506 + $28,493
$31,999
2022
$10,250 (+2.8%)
$3,028 + $12,744
$15,772
2021
$9,970 (+7.8%)
$3,028 + $12,744
$15,772
2020
$9,253 (−26.0%)
$3,028 + $12,744
$15,772
2019
$12,512 (+1.9%)
$2,550 + $19,427
$21,977
2018
$12,280 (−8.9%)
$2,550 + $19,427
$21,977
2017
$13,475 (+31.3%)
$2,550 + $21,332
$23,882
2016
$10,263 (+7.6%)
$2,390 + $16,380
$18,770
2015
$9,536 (+1.4%)
$2,390 + $16,380
$18,770
2014
$9,404 (+7.1%)
$2,390 + $16,380
$18,770
2013
$8,780 (+7.6%)
$2,390 + $17,110
$19,500
2012
$8,162 (+7.0%)
$2,390 + $17,110
$19,500
2011
$7,630 (−8.2%)
$2,390 + $17,110
$19,500
2010
$8,311 (+2.3%)
$2,390 + $21,189
$23,579
2009
$8,127 (+10.6%)
$2,390 + $21,189
$23,579
2008
$7,350 (+8.8%)
$3,824 + $20,995
$24,819
2007
$6,755
$3,569 + $19,210
$22,779
*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
8
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
6,375 Sq. Ft.
Year renovated
—
Sq. Ft.
3,276
Year built
1963
Style
Multi-Family (2-4 Unit)
County
Cook County
APN
29364020840000
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
Property details
Parking
Parking Information
# of Parking (Total): 8
Parking Features: Assigned, Owned
Interior
Bathroom Information
# of Baths (Full): 4
Bedroom Information
# of Bedrooms: 7
# of Bedrooms Possible: 7
Additional Rooms Information
Basement: Partially Finished, Partial
Interior Features
# of Rooms: 20
Unit Type 1 Information
Floor Number: 1
# of Rooms: 5
# of Bedrooms: 1
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Microwave
Security Deposit: 1200
Rent: $1,200
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: MTM
Unit Type 2 Information
Floor Number: 1
# of Rooms: 6
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Microwave
Security Deposit: $1,400
Rent: $1,400
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: MTM
Unit Type 3 Information
Floor Number: 2
# of Rooms: 6
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Microwave
Security Deposit: $1,400
Rent: $1,400
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: MTM
Unit Type 4 Information
Floor Number: 2
# of Rooms: 6
# of Bedrooms: 2
# of Bathrooms (Total): 1
# of Full Bathrooms: 1
Appliances and Features: Stove,Refrigerator,Microwave
Security Deposit: $1,400
Rent: $1,400
Tenant Pays: Electric,Gas,Heat
Lease Expiration Date: MTM
Exterior
Building Information
# Of Units in Building: 4
Age: 61-70 Years
Built Before 1978 (Y/N): Yes
Construction Materials: Brick
Property Information
Property Type: Two to Four Units
Ownership: Fee Simple
Rebuilt (Y/N): No
Rehab (Y/N): No
General Information: School Bus Service,Commuter Bus,Interstate Access
Parcel Number: 29364020840000
Lot Information
Dimensions: 6375 SQ FT
Lot Size: Less Than .25 Acre
Financial
Tax Information
Tax Annual Amount: $15,483
Tax Year: 2023
Financial Information
Finance Code: Cash
Special Service Area: N
Gross Income: $64,800
Utilities
Utility Information
Water Source: Lake Michigan, Public
Sewer: Public Sewer
Heating & Cooling
Heating: Natural Gas, Forced Air
Location
School Information
Elementary School District: 158
Middle Or Junior School District: 158
High School District: 215
Location Information
Township: Bloom
Corporate Limits: Lansing
Directions: Head South on Torrence Ave from the I-80/94, turn right into the parking lot
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,276
Stories: 1.0
Lot Size: 6,375 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1963
Year Renovated: —
County: Cook County
APN: 29364020840000
Home facts updated by county records on Jul 11, 2026
Other
Expense Information
Water Sewer Expense: $860
Water Expense Source: Actual
Electric Expense: $360
Trash Expense: $1,080
Insurance Expense: $3,255
Listing Information
Holds Earnest Money: Yes
Possession: Closing, Immediate
Some Photos Virtually Staged?: No
Teams Information
Buyer Team Name: Crystal Tran Team
Around this home
Schools
Oak Glen Elementary School
Public K-5 • Assigned • 0.5mi
4/10
Memorial Junior High School
Public 6-8 • Assigned • 0.5mi
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
1% 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
82
64
79
58
68
48
51
37
37
23
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
Estimated sale price
$520,000 – $630,000
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